QUINTUS PUBS LIMITED

QUINTUS PUBS LIMITED

QUINTUS PUBS LIMITED - Company Information

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QUINTUS PUBS LIMITED

Company Registration Number:
07529949 (England and Wales)

Unaudited abridged accounts for the year ended 30 June 2018

Period of accounts

Start date: 01 July 2017

End date: 30 June 2018

QUINTUS PUBS LIMITED

Contents of the Financial Statements

for the Period Ended 30 June 2018

Balance sheet
Notes

QUINTUS PUBS LIMITED

Balance sheet

As at 30 June 2018


Notes
2018
2017


£
£
Fixed assets
Tangible assets: 3 53,273 75,167
Total fixed assets: 53,273 75,167
Current assets
Stocks: 8,000 8,000
Debtors: 4 53,681 50,646
Cash at bank and in hand: 164,881 79,359
Total current assets: 226,562 138,005
Creditors: amounts falling due within one year: 5 (429,675) (317,684)
Net current assets (liabilities): (203,113) (179,679)
Total assets less current liabilities: (149,840) (104,512)
Provision for liabilities: (8,201) (12,568)
Total net assets (liabilities): (158,041) (117,080)
Capital and reserves
Called up share capital: 10 10
Profit and loss account: (158,051) (117,090)
Shareholders funds: (158,041) (117,080)

The notes form part of these financial statements

QUINTUS PUBS LIMITED

Balance sheet statements

For the year ending 30 June 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.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 19 March 2019
and signed on behalf of the board by:

Name: Ms P R D'arcy
Status: Director

The notes form part of these financial statements

QUINTUS PUBS LIMITED

Notes to the Financial Statements

for the Period Ended 30 June 2018

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

Turnover policy

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets and depreciation policy

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.Plant & Machinery, etc - 20%

Valuation and information policy

StocksStocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow-moving items.

Other accounting policies

TaxationTaxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.Current or deferred taxation assets are not discounted.Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.Deferred taxDeferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.Hire purchase and leasing commitmentsRentals paid under operating leases are charged to profit and loss account on a straight line basis over the period of the lease.Pension CostsThe company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit and loss account in the period to which they relate.

QUINTUS PUBS LIMITED

Notes to the Financial Statements

for the Period Ended 30 June 2018

2. Employees

2018 2017
Average number of employees during the period 38 34

QUINTUS PUBS LIMITED

Notes to the Financial Statements

for the Period Ended 30 June 2018

3. Tangible Assets

Total
Cost £
At 01 July 2017 138,896
Additions 8,357
At 30 June 2018 147,253
Depreciation
At 01 July 2017 63,729
Charge for year 30,251
At 30 June 2018 93,980
Net book value
At 30 June 2018 53,273
At 30 June 2017 75,167

QUINTUS PUBS LIMITED

Notes to the Financial Statements

for the Period Ended 30 June 2018

4. Debtors

Debtors falling due within one year comprised Trade Debtors £24727 (2017: £21692) and Other debtors £28954 (2017: £28954)

QUINTUS PUBS LIMITED

Notes to the Financial Statements

for the Period Ended 30 June 2018

5. Creditors: amounts falling due within one year note

Creditors falling due within one year comprise Trade Creditors £298985 (2017: £112622), Taxation and social security £91185 ( 2017: £60972), and Other Creditors £39505 (2017: £144090)