BBQ Gourmet Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 08714643 (England and Wales)

Unaudited Financial Statements for the Year Ended 30 June 2018

for

BBQ Gourmet Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

R Orme

REGISTERED OFFICE:

Chestnut Cottage

Church Hill

Burton

Chippenham

Wiltshire

SN14 7LS

REGISTERED NUMBER:

08714643 (England and Wales)

ACCOUNTANTS:

R A Leslie & Co. LLP

Chartered Accountants

Gowran House

56 Broad Street

Chipping Sodbury

Bristol

BS37 6AG

FIXED ASSETS

Tangible assets

4

4,970

7,235

CURRENT ASSETS

Stocks

5

102,278

70,217

Debtors

6

29,235

18,268

Cash at bank

25,230

22,927

156,743

111,412

CREDITORS

Amounts falling due within one year

7

186,566

164,517

NET CURRENT LIABILITIES

(29,823

)

(53,105

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(24,853

)

(45,870

)

CAPITAL AND RESERVES

Called up share capital

50,001

50,001

Retained earnings

(74,854

)

(95,871

)

SHAREHOLDERS' FUNDS

(24,853

)

(45,870

)

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 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 13 June 2019 and were signed by:

R Orme - Director

1.	STATUTORY INFORMATION

BBQ Gourmet 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.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

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.

Plant and machinery

-

20% 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 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 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 balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance

sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from

those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that

have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the

timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they

will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the

lease.

Going concern

At the balance sheet date, the company's liabilities exceeded its assets. The company has received assurances

from the director that he will continue to give financial support to the company for twelve months from the date

of signing of these accounts.

On this basis the director considers it appropriate to prepare the accounts on the going concern basis.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2017 - 1 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

£

COST

At 1 July 2017

16,442

Additions

1,279

At 30 June 2018

17,721

DEPRECIATION

At 1 July 2017

9,207

Charge for year

3,544

At 30 June 2018

12,751

NET BOOK VALUE

At 30 June 2018

4,970

At 30 June 2017

7,235

5.

STOCKS

30.6.18

30.6.17

£

£

Stock and work in progress

102,278

70,217

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.6.18

30.6.17

£

£

Trade debtors

24,716

17,630

Other debtors

194

-

VAT

3,925

-

Prepayments

400

638

29,235

18,268

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.6.18

30.6.17

£

£

Other loans

25,549

7,292

VAT

-

762

Trade creditors and accruals

14,003

10,087

Directors' current accounts

147,014

146,376

186,566

164,517