Pub Leg Limited - Accounts to registrar (filleted) - small 18.2
Pub Leg Limited - Accounts to registrar (filleted) - small 18.2
| REGISTERED NUMBER: |
| Unaudited Financial Statements for the Year Ended 31 March 2019 |
| for |
| Pub Leg Limited |
| Pub Leg Limited (Registered number: 07147478) |
| Contents of the Financial Statements |
| for the Year Ended 31 March 2019 |
| Page |
| Company Information | 1 |
| Balance Sheet | 2 |
| Notes to the Financial Statements | 4 |
| Pub Leg Limited |
| Company Information |
| for the Year Ended 31 March 2019 |
| Director: |
| Registered office: |
| Registered number: |
| Accountants: |
| Chartered accountants |
| 85 Church Road |
| Hove |
| East Sussex |
| BN3 2BB |
| Pub Leg Limited (Registered number: 07147478) |
| Balance Sheet |
| 31 March 2019 |
| 2019 | 2018 |
| Notes | £ | £ | £ | £ |
| Fixed assets |
| Intangible assets | 4 |
| Tangible assets | 5 | 7,894 |
| Investments | 6 |
| Current assets |
| Stocks |
| Debtors | 7 |
| Cash at bank and in hand |
| Creditors: amounts falling due within one year |
8 |
| Net current assets |
| Total assets less current liabilities |
| Provisions for liabilities |
| Net assets |
| Capital and reserves |
| Called up share capital | 9 |
| Retained earnings | 247,791 |
| Shareholders' funds |
| 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. |
| Pub Leg Limited (Registered number: 07147478) |
| Balance Sheet - continued |
| 31 March 2019 |
| In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered. |
| The financial statements were approved by the director on |
| Pub Leg Limited (Registered number: 07147478) |
| Notes to the Financial Statements |
| for the Year Ended 31 March 2019 |
| 1. | Statutory information |
| Pub Leg Limited is a |
| 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 |
| Basis of preparing the financial statements |
| Turnover |
| Turnover is measured at the fair value of the consideration received or receivable net of VAT and |
| trade discounts.The policies adopted for the recognition of turnover are as follows: |
| Sale of goods |
| Turnover from the sale of goods is recognised when significant risks and rewards of ownership of the |
| goods have transferred to the buyer, the amount of turnover can be measured reliably, it is probable |
| that the economic benefits associated with the transaction will flow to the company and the costs |
| incurred or to be incurred in respect of the transaction can be measured reliably.This is usually on |
| dispatch of the goods. |
| Rendering of services |
| When the outcome of a transaction involving the rendering of services can be reliably estimated, |
| revenue from the rendering of services is measured by reference to the stage of completion of the |
| service transaction at the end of the reporting period. When the outcome of a transaction involving the |
| rendering of services cannot be reliably estimated, revenue is recognised only to the extent that |
| expenses recognised are recoverable. |
| Goodwill |
| Intangible assets are initially measured at cost. After initial recognition, intangible assets are |
| measured at cost less any accumulated amortisation and any accumulated impairment losses. |
| Goodwill, being the amount paid in connection with the acquisition of a business in 2010, was fully |
| amortised evenly over its estimated useful life of five years. |
| Tangible fixed assets |
| Tangible fixed assets are stated at cost less accumulated depreciation and accumulated impairment |
| losses. Cost includes costs directly attributable to making the asset capable of operating as intended. |
| Depreciation is provided at the following annual rates in order to write off each asset over its |
| estimated useful life. |
| Fixtures and fittings - 25% reducing balance and 33% straight line |
| Computer equipment - 25% straight line |
| Pub Leg Limited (Registered number: 07147478) |
| Notes to the Financial Statements - continued |
| for the Year Ended 31 March 2019 |
| 2. | Accounting policies - continued |
| Investments in subsidiaries |
| Investments in subsidiary undertakings are recognised at cost. |
| Stocks |
| Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost |
| includes all costs of purchase, costs of conversion and other costs incurred in bringing stock to its |
| present location and condition. Cost is calculated using the first-in, first-out formula. Provision is |
| made for damaged, obsolete and slow-moving stock where appropriate. |
| Financial instruments |
| A financial asset or a financial liability is recognised only when the entity becomes a party to the |
| contractual provisions of the instrument. Basic financial instruments are initially recognised at the |
| transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at |
| the present value of the future payments discounted at a market rate of interest for a similar debt |
| instrument. |
| Taxation |
| Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of |
| Income and Retained Earnings, 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 at the reporting date. Unrelieved tax |
| losses and other deferred tax assets are recognised to the extent that it is probable that they will be |
| recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is |
| measured using the tax rates and laws that have been enacted or substantively enacted by the reporting |
| date that are expected to apply to the reversal of the timing difference. |
| Leasing commitments |
| Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period |
| of the lease. |
| Pension costs and other post-retirement benefits |
| The company operates a defined contribution pension scheme. Contributions payable to the |
| company's pension scheme are charged to profit or loss in the period to which they relate. |
| 3. | Employees and directors |
| The average number of employees during the year was |
| Pub Leg Limited (Registered number: 07147478) |
| Notes to the Financial Statements - continued |
| for the Year Ended 31 March 2019 |
| 4. | Intangible fixed assets |
| Goodwill |
| £ |
| Cost |
| At 1 April 2018 |
| and 31 March 2019 |
| Amortisation |
| At 1 April 2018 |
| and 31 March 2019 |
| Net book value |
| At 31 March 2019 |
| At 31 March 2018 |
| 5. | Tangible fixed assets |
| Fixtures |
| Long | and | Computer |
| leasehold | fittings | equipment | Totals |
| £ | £ | £ | £ |
| Cost |
| At 1 April 2018 |
| Additions |
| At 31 March 2019 |
| Depreciation |
| At 1 April 2018 |
| Charge for year |
| At 31 March 2019 |
| Net book value |
| At 31 March 2019 |
| At 31 March 2018 |
| Pub Leg Limited (Registered number: 07147478) |
| Notes to the Financial Statements - continued |
| for the Year Ended 31 March 2019 |
| 6. | Fixed asset investments |
| Shares in |
| group |
| undertakings |
| £ |
| Cost |
| Additions |
| At 31 March 2019 |
| Net book value |
| At 31 March 2019 |
| 7. | Debtors: amounts falling due within one year |
| 2019 | 2018 |
| £ | £ |
| Other debtors |
| 8. | Creditors: amounts falling due within one year |
| 2019 | 2018 |
| £ | £ |
| Trade creditors |
| Taxation and social security |
| Other creditors |
| 9. | Called up share capital |
| Allotted, issued and fully paid: |
| Number: | Class: | Nominal | 2019 | 2018 |
| value: | £ | £ |
| Ordinary | £1 | 1,000 | 1,000 |