The Belfast Arms Company Limited Filleted accounts for Companies House (small and micro)

THE BELFAST ARMS COMPANY LIMITED - Company Information

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COMPANY REGISTRATION NUMBER: NI053819

THE BELFAST ARMS COMPANY LIMITED

FILLETED UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED

30 April 2019

THE BELFAST ARMS COMPANY LIMITED

FINANCIAL STATEMENTS

YEAR ENDED 30 APRIL 2019

CONTENTS	PAGE

Chartered accountants report to the director on the preparation of the unaudited statutory financial statements	1

Statement of financial position	2

Notes to the financial statements	4

THE BELFAST ARMS COMPANY LIMITED

CHARTERED ACCOUNTANTS REPORT TO THE DIRECTOR ON THE PREPARATION OF THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF THE BELFAST ARMS COMPANY LIMITED

YEAR ENDED 30 APRIL 2019

As described on the statement of financial position, the director of the company is responsible for the preparation of the financial statements for the year ended 30 April 2019, which comprise the statement of financial position and the related notes. You consider that the company is exempt from an audit under the Companies Act 2006. In accordance with your instructions we have compiled these financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and from information and explanations supplied to us.

HENRY MURRAY & COMPANY LTD. Chartered Accountants

23 Church Place, Lurgan, Co. Armagh. N. Ireland BT66 6EY

29 August 2019

THE BELFAST ARMS COMPANY LIMITED

STATEMENT OF FINANCIAL POSITION

30 April 2019

	2019		2018
Note	£	£	£

CURRENT ASSETS

Stocks	17,049	16,878
Cash at bank and in hand	1,691	343
	--------	--------
	18,740	17,221

CREDITORS: amounts falling due within one year	4	23,076		19,706
		--------		--------
NET CURRENT LIABILITIES			4,336	2,485
			-------	-------
TOTAL ASSETS LESS CURRENT LIABILITIES			( 4,336)	( 2,485)
			-------	-------
NET LIABILITIES			( 4,336)	( 2,485)
			-------	-------

CAPITAL AND RESERVES

Called up share capital	5	2	2
Profit and loss account		( 4,338)	( 2,487)
		-------	-------
SHAREHOLDERS DEFICIT		( 4,336)	( 2,485)
		-------	-------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.

For the year ending 30 April 2019 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;

- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

THE BELFAST ARMS COMPANY LIMITED

STATEMENT OF FINANCIAL POSITION (continued)

30 April 2019

These financial statements were approved by the board of directors and authorised for issue on 29 August 2019 , and are signed on behalf of the board by:

Mr J Black
Director

Company registration number: NI053819

THE BELFAST ARMS COMPANY LIMITED

NOTES TO THE FINANCIAL STATEMENTS

YEAR ENDED 30 APRIL 2019

1. GENERAL INFORMATION

The company is a private company limited by shares, registered in Northern Ireland. The address of the registered office is 2C Old Road, Ballinderry Upper, Lisburn, BT28 2NJ.

2. STATEMENT OF COMPLIANCE

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. ACCOUNTING POLICIES

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

Stocks

Stocks are measured 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 the stock to its present location and condition.

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

4. CREDITORS: amounts falling due within one year

	2019	2018
	£	£
Trade creditors	1,439	719
Other creditors - James Black Restorations Ltd	1,228	1,078
Other creditors	20,409	17,909
	--------	--------
	23,076	19,706
	--------	--------

5. CALLED UP SHARE CAPITAL

Issued, called up and fully paid

	2019		2018
	No.	£	No.	£
Ordinary shares of £ 1 each	2	2.00	2	2.00
	----	-----	----	-----

6. RELATED PARTY TRANSACTIONS

An amount of £1,227.55 is owed at the year end to James Black Restorations Ltd, a company owned by the director, in respect of transactions paid for on behalf of Belfast Arms Co Ltd.