Accounts filed on 30-06-2018


Registered number: 7205218






The Market Square Food and Wine Limited


ACCOUNTS

FOR THE YEAR ENDED 30/06/2018
























Prepared By:
FMS Business Services
RH12 2AQ


The Market Square Food and Wine Limited


ACCOUNTS
FOR THE YEAR ENDED 30/06/2018





DIRECTORS
Neil Bench
WG Rolfe



SECRETARY
Neil Bench


REGISTERED OFFICE
30-32 High Street
East Grinstead
East Sussex
RH19 3AS


COMPANY DETAILS
Private company limited by shares registered in EW - England and Wales, registered number 7205218



ACCOUNTANTS
FMS Business Services
RH12 2AQ


ACCOUNTS
FOR THEYEARENDED30/06/2018



CONTENTS



		Page

Directors' Report		-

Accountants' Report		-

Statement Of Comprehensive Income		-

Balance Sheet		3

Notes To The Accounts		4


The following do not form part of the statutory financial statements:

Trading And Profit And Loss Account		-

Profit And Loss Account Summaries		-


BALANCE SHEET AT 30/06/2018

			2018		2017
	Notes		£		£

FIXED ASSETS
Intangible assets	2		-		1,163
Tangible assets	3		(1,163)		-

			(1,163)		1,163

CURRENT ASSETS
Stock		66,007		70,235
Debtors	5	330		5,091
Cash at bank and in hand		18,920		22,611
		85,257		97,937
CREDITORS: Amounts falling due within one year	6	56,724		52,402
NET CURRENT ASSETS			28,533		45,535
TOTAL ASSETS LESS CURRENT LIABILITIES			27,370		46,698


CREDITORS: Amounts falling due after more than one year	7		-		20,000

NET ASSETS			27,370		26,698

CAPITAL AND RESERVES

Called up share capital	9		100		100
Profit and loss account			27,270		26,598
SHAREHOLDERS' FUNDS			27,370		26,698

For the year ending 30/06/2018 the company was entitled to exemption 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.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The directors have decided not to deliver to the registrar a copy of the company's profit and loss account.

Approved by the board on 12/02/2019 and signed on their behalf by



.............................
Neil Bench
Director

1. ACCOUNTING POLICIES


1a. Basis Of Accounting
The accounts have been prepared under the historical cost convention.
The accounts have been prepared in accordance with FRS102 - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006 .


1b. Depreciation
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.

Fixtures and Fittings		%


1c. Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell (net realisable value). Costs, which comprise direct production costs, are based on the method most appropriate to the type of inventory class, but usually on a first-in-first-out basis. Overheads are charged to profit or loss as incurred. Net realisable value is based on the estimated selling price less any estimated completion or selling costs.
When stocks are sold, the carrying amount of those stocks is recognised as an expense in the period in which the related revenue is recognised. The amount of any write-down of stocks to net realisable value and all losses of stocks are recognised as an expense in the period in which the write-down or loss occurs. The amount of any reversal of any write-down of stocks is recognised as a reduction in the amount of stocks recognised as an expense in the period in which the reversal occurs.


1d. Pension Costs
The company operates a defined contribution pension scheme. The pension charge represents the amounts payable by the company to the fund in respect of the year.


1e. Goodwill
Goodwill arising in connection with the acquisition of businesses is capitalised and amortised over its estimated economic life to a maximum of 20 years. Goodwill is reviewed annually for impairment if events or changes in circumstances indicate that the carrying value may not be recoverable.

2. INTANGIBLE FIXED ASSETS

Cost

At 30/06/2018

Depreciation

At 30/06/2018

Net Book Amounts

At 30/06/2018


5. DEBTORS	2018	2017
	£	£
Amounts falling due within one year
Trade debtors	-	5,091
PAYE control	330	-
	330	5,091


6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
	2018	2017
	£	£
VAT	7,090	-
NIC control	4,335	-
Loans	10,000	-
Trade creditors	-	45,334
Other creditors	34,099	5,668
Pension schemes	-	200
Accruals	1,200	1,200
	56,724	52,402


7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
	2018	2017
	£	£
Bank loans (unsecured) >1yr	-	20,000
	-	20,000


9. SHARE CAPITAL	2018	2017
	£	£
Allotted, issued and fully paid:
100 Ordinary shares of £1.00 each	100
	100	100