Company Registration No. 05893366 (England and Wales)
Welcome Taverns Limited
Unaudited accounts
for the year ended 30 July 2019
Welcome Taverns Limited
Unaudited accounts
Contents
Welcome Taverns Limited
Company Information
for the year ended 30 July 2019
Directors
Daniel Joshua Lee
Jeremy Mark Jones
Debra Ann Jones
Company Number
05893366 (England and Wales)
Registered Office
The Thomas Egerton
272 Blackburn Road
Bolton
BL7 9SR
Accountants
Dunscar Financial Services
286 Blackburn Road
Egerton
Bolton
BL7 9TB
Welcome Taverns Limited
Statement of financial position
as at 30 July 2019
Intangible assets
132,141
132,141
Tangible assets
128,396
122,934
Cash at bank and in hand
9,394
15,107
Creditors: amounts falling due within one year
(134,454)
(135,203)
Net current (liabilities)/assets
(41,265)
7,352
Total assets less current liabilities
219,272
262,427
Creditors: amounts falling due after more than one year
(15,311)
(17,094)
Net assets
203,961
245,333
Called up share capital
100
100
Revaluation reserve
132,141
132,141
Profit and loss account
71,720
113,092
Shareholders' funds
203,961
245,333
For the year ending 30 July 2019 the company was entitled to exemption from audit 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.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 17 June 2020 and were signed on its behalf by
Daniel Joshua Lee
Director
Company Registration No. 05893366
Welcome Taverns Limited
Notes to the Accounts
for the year ended 30 July 2019
Welcome Taverns Limited is a private company, limited by shares, registered in England and Wales, registration number 05893366. The registered office is The Thomas Egerton, 272 Blackburn Road, Bolton, BL7 9SR.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Land & buildings
10% reducing balance
Plant & machinery
25% reducing balance
Fixtures & fittings
25% reducing balance
Computer equipment
25% reducing balance
4
Intangible fixed assets
Other
Welcome Taverns Limited
Notes to the Accounts
for the year ended 30 July 2019
5
Tangible fixed assets
Land & buildings
Plant & machinery
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At cost
At 31 July 2018
223,096
109,954
93,557
6,347
432,954
Additions
16,657
7,000
-
-
23,657
At 30 July 2019
239,753
116,954
93,557
6,347
456,611
At 31 July 2018
116,738
106,541
81,046
5,695
310,020
Charge for the year
12,302
2,604
3,127
162
18,195
At 30 July 2019
129,040
109,145
84,173
5,857
328,215
At 30 July 2019
110,713
7,809
9,384
490
128,396
At 30 July 2018
106,358
3,413
12,511
652
122,934
Raw materials
28,603
20,427
Deferred tax asset
2,180
1,993
Accrued income and prepayments
33,389
34,001
Other debtors
19,623
50,353
8
Creditors: amounts falling due within one year
2019
2018
Bank loans and overdrafts
12,010
13,756
Trade creditors
96,977
90,882
Taxes and social security
21,623
27,102
Other creditors
3,844
3,463
9
Creditors: amounts falling due after more than one year
2019
2018
Welcome Taverns Limited
Notes to the Accounts
for the year ended 30 July 2019
Allotted, called up and fully paid:
85 Ordinary shares of £1 each
85
85
15 Redeemable shares of £1 each
15
15
11
Average number of employees
During the year the average number of employees was 34 (2018: 31).
