Seven Entertainments (Billingham) Ltd - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 06498818 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD 1 AUGUST 2017 TO 30 JULY 2018

FOR

SEVEN ENTERTAINMENTS (BILLINGHAM)

LIMITED

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTOR:

Mr M V Barnard

REGISTERED OFFICE:

93 Bohemia Road

St Leonards on Sea

East Sussex

TN37 6RJ

REGISTERED NUMBER:

06498818 (England and Wales)

ACCOUNTANTS:

Acuity Professional Partnership LLP

91-97 Bohemia Road

St Leonards on Sea

East Sussex

TN37 6RJ

FIXED ASSETS

Tangible assets

4

2,252

5,076

CURRENT ASSETS

Stocks

5

2,150

2,627

Debtors

6

6,147

165

Cash at bank and in hand

14,002

13,354

22,299

16,146

CREDITORS

Amounts falling due within one year

7

130,623

106,009

NET CURRENT LIABILITIES

(108,324

)

(89,863

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(106,072

)

(84,787

)

CAPITAL AND RESERVES

Called up share capital

8

1

1

Retained earnings

9

(106,073

)

(84,788

)

SHAREHOLDERS' FUNDS

(106,072

)

(84,787

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 30 July 2018.

The members have not required the company to obtain an audit of its financial statements for the period ended 30 July 2018 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director on 29 July 2019 and were signed by:

Mr M V Barnard - Director

1.	STATUTORY INFORMATION

Seven Entertainments (Billingham) Limited is a private company, limited by shares , registered in England and

Wales. The company's registered number and registered office address can be found on the Company Information

page.

The presentation currency of the financial statements is the Pound Sterling (£).

2.	ACCOUNTING POLICIES

GOING CONCERN

The company's balance sheet shows a net deficit shareholders fund position. However, the directors' have received

confirmation from the shareholders of their continued financial support for the foreseeable future and for at least

twelve months from the date of signature of these accounts.

TURNOVER

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

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Short leasehold

-

50% on reducing balance

Plant and machinery

-

33% on cost

STOCKS

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow

moving items.

TAXATION

Taxation for the period 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 and liabilities 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 statement of financial position date.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the period was 9 (2017 - 9 ) .

4.	TANGIBLE FIXED ASSETS

Short

Plant and

leasehold

machinery

Totals

£

£

£

Cost

At 1 August 2017

and 30 July 2018

14,361

24,408

38,769

Depreciation

At 1 August 2017

12,417

21,276

33,693

Charge for period

972

1,852

2,824

At 30 July 2018

13,389

23,128

36,517

Net book value

At 30 July 2018

972

1,280

2,252

At 31 July 2017

1,944

3,132

5,076

5.

STOCKS

2018

2017

£

£

Stocks

2,150

2,627

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2018

2017

£

£

Prepayments

6,147

165

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2018

2017

£

£

Bank loans and overdrafts

959

-

Trade creditors

1,009

1,403

Social security and other taxes

1,207

562

Other creditors

113,088

102,466

Directors' current accounts

8,940

-

Accruals and deferred income

5,420

1,578

130,623

106,009

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2018

2017

value:

£

£

1

Ordinary

£1

1

1

9.

RESERVES

Retained

earnings

£

At 1 August 2017

(84,788

)

Deficit for the period

(21,285

)

At 30 July 2018

(106,073

)

10.	RELATED PARTY DISCLOSURES

The company is whole subsidiary of "The Bingo Lounge Ltd".

11.	ULTIMATE CONTROLLING PARTY

The company is ultimately controlled by its 100% Holding company "The Bingo Lounge Ltd".