Pauls Bacon (Great Yarmouth) Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 04221169 (England and Wales)

Unaudited Financial Statements for the Year Ended 30 November 2019

for

Pauls Bacon (Great Yarmouth) Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

Chartered Accountants' Report

7

DIRECTORS:

P Betts

L J Betts

REGISTERED OFFICE:

2 Kitchener Road

Great Yarmouth

Norfolk

NR30 4HU

REGISTERED NUMBER:

04221169 (England and Wales)

ACCOUNTANTS:

East Coast Accounting Services Limited

293 El Alamein Way

Bradwell

Norfolk

NR31 8TX

FIXED ASSETS

Tangible assets

4

118,356

115,983

CURRENT ASSETS

Stocks

3,500

3,500

Debtors

5

3,221

3,781

Cash at bank and in hand

23,274

26,023

29,995

33,304

CREDITORS

Amounts falling due within one year

6

84,827

95,691

NET CURRENT LIABILITIES

(54,832

)

(62,387

)

TOTAL ASSETS LESS CURRENT LIABILITIES

63,524

53,596

CREDITORS

Amounts falling due after more than one year

7

(500

)

-

PROVISIONS FOR LIABILITIES

(309

)

(443

)

NET ASSETS

62,715

53,153

CAPITAL AND RESERVES

Called up share capital

2

2

Retained earnings

62,713

53,151

SHAREHOLDERS' FUNDS

62,715

53,153

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2019.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2019 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 applicable to companies subject to the small companies regime.

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 Board of Directors and authorised for issue on 11 August 2020 and were signed on its behalf by:

P Betts - Director

1.	STATUTORY INFORMATION

Pauls Bacon (Great Yarmouth) 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 etc

-

33% on cost

Motor vehicles 25% reducing balance

Fixtures and fittings 25% reducing balance

Freehold property is not depreciated as the Directors anticipate its residual value will be greater than its original

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 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 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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2018 - 3 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

COST

At 1 December 2018

116,138

57,661

173,799

Additions

-

51

51

At 30 November 2019

116,138

57,712

173,850

DEPRECIATION

At 1 December 2018

-

57,816

57,816

Charge for year

-

(2,322

)

(2,322

)

At 30 November 2019

-

55,494

55,494

NET BOOK VALUE

At 30 November 2019

116,138

2,218

118,356

At 30 November 2018

116,138

(155

)

115,983

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.11.19

30.11.18

£

£

Trade debtors

2,000

2,000

Other debtors

1,221

1,781

3,221

3,781

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.11.19

30.11.18

£

£

Trade creditors

10,244

10,827

Taxation and social security

2,106

3,253

Other creditors

72,477

81,611

84,827

95,691

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

30.11.19

30.11.18

£

£

Other creditors

500

-

8.	RELATED PARTY DISCLOSURES

During the year the company operated an interest free loan with the director. At the year end the company owed

the director £ 71,148 (2018 £80,736). This is repayable on demand.

During the year a dividend of £2,000 was paid to the Director

The following reproduces the text of the report prepared for the directors in respect of the company's annual

unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file

a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the

Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the

financial statements of Pauls Bacon (Great Yarmouth) Limited for the year ended 30 November 2019 which comprise the

Statement of Income and Retained Earnings, Balance Sheet and the related notes from the company's accounting records

and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Pauls Bacon (Great Yarmouth) Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Pauls Bacon (Great Yarmouth) Limited and state those matters that we have agreed to state to the Board of Directors of Pauls Bacon (Great Yarmouth) Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Pauls Bacon (Great Yarmouth) Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Pauls Bacon (Great Yarmouth) Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Pauls Bacon (Great Yarmouth) Limited. You consider that Pauls Bacon (Great Yarmouth) Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Pauls Bacon (Great Yarmouth) Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

East Coast Accounting Services Limited

293 El Alamein Way

Bradwell

Norfolk

NR31 8TX

12 August 2020