Company Registration No. 08317563 (England and Wales)
Ben's Pub Company Limited
Unaudited accounts
for the year ended 31 March 2018
Ben's Pub Company Limited
Unaudited accounts
Contents
Ben's Pub Company Limited
Company Information
for the year ended 31 March 2018
Directors
B Smith
GV Lloyd-Jones
Company Number
08317563 (England and Wales)
Registered Office
Newton House
Northampton Science Park
Northampton
NN3 6LG
Ben's Pub Company Limited
Statement of financial position
as at
31 March 2018
Tangible assets
304,651
316,306
Inventories
44,576
41,469
Cash at bank and in hand
390,743
293,608
Creditors: amounts falling due within one year
(389,413)
(384,549)
Net current assets
116,190
38,961
Total assets less current liabilities
420,841
355,267
Provisions for liabilities
Deferred tax
(34,759)
(37,164)
Net assets
386,082
318,103
Called up share capital
1
1
Profit and loss account
386,081
318,102
Shareholders' funds
386,082
318,103
For the year ending 31 March 2018 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
The members have agreed to the preparation of abridged accounts for the year in accordance with Section 444(2A).
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
Approved by the Board on 26 July 2018.
B Smith
Director
Company Registration No. 08317563
Ben's Pub Company Limited
Notes to the Accounts
for the year ended 31 March 2018
Ben's Pub Company Limited is a private company, limited by shares, registered in England and Wales, registration number 08317563. The registered office is Newton House, Northampton Science Park, Northampton, NN3 6LG.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover represents the value of goods provided to customers in the normal course of business, excluding Value Added Tax and other sales related taxes,
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax is not provided on timing differences arising from the revaluation of fixed assets where there is no commitment to sell the asset.
Deferred tax assets and liabilities are not discounted.
Tangible fixed assets policy
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Land & buildings
over life of lease
Ben's Pub Company Limited
Notes to the Accounts
for the year ended 31 March 2018
4
Tangible fixed assets
Total
Charge for the year
55,082
5
Share capital
2018
2017
Allotted, called up and fully paid:
100 Ordinary shares of £0.01 each
1
1
6
Operating lease commitments
2018
2017
At 31 March 2018 the company has commitments under non-cancellable operating leases as follows:
Operating leases expiring:
More than five years
2,245,160
2,440,320
The directors, Mr B Smith and Mr GV Lloyd-Jones, who held office during the period had beneficial interests in 51 shares and 12 shares respectively of the issued £0.01 ordinary shares at 31 March 2018. Accordingly the company is controlled by Mr B Smith.
8
Average number of employees
During the year the average number of employees was 52 (2017: 50).