THE_BRITANNIA_INN_(BRAMPT - Accounts

THE BRITANNIA INN (BRAMPTON) LIMITED - Company Information

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Company Registration No. 07311423 (England and Wales)

THE BRITANNIA INN (BRAMPTON) LIMITED

ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 31 JULY 2014

THE BRITANNIA INN (BRAMPTON) LIMITED

CONTENTS

Page

Abbreviated balance sheet

Notes to the abbreviated accounts

2 - 3

THE BRITANNIA INN (BRAMPTON) LIMITED

ABBREVIATED BALANCE SHEET

AS AT

31 JULY 2014

- 1 -

2014

2013

Notes

Fixed assets

Tangible assets

26,768

33,035

Current assets

Stocks

17,536

11,637

Debtors

4,100

3,624

Cash at bank and in hand

19,881

19,965

41,517

35,226

Creditors: amounts falling due within one year

(59,105)

(51,040)

Net current liabilities

(17,588)

(15,814)

Total assets less current liabilities

9,180

17,221

Provisions for liabilities

(5,037)

(5,975)

4,143

11,246

Capital and reserves

Called up share capital

Profit and loss account

4,141

11,244

Shareholders' funds

4,143

11,246

For the financial year ended 31 July 2014 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' 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 directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.

These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.

Approved by the Board for issue on 9 January 2015

Miss Jodie Hallam

Director

Company Registration No. 07311423

THE BRITANNIA INN (BRAMPTON) LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 31 JULY 2014

- 2 -

Accounting policies

1.1

Accounting convention

The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).

1.2

Compliance with accounting standards

The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).

1.3

Turnover

Turnover represents amounts receivable for goods and services net of VAT and trade discounts.

1.4

Tangible fixed assets and depreciation

Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:

Land and buildings Leasehold

Straight line over the life of the lease

Plant and machinery

25% reducing balance

Fixtures, fittings & equipment

25% reducing balance

1.5

Deferred taxation

Deferred taxation is provided in full in respect of taxation deferred by timing differences between the treatment of certain items for taxation and accounting purposes. The deferred tax balance has not been discounted.

Fixed assets

Tangible assets

Cost

At 1 August 2013

62,983

Additions

3,330

At 31 July 2014

66,313

Depreciation

At 1 August 2013

29,947

Charge for the year

9,598

At 31 July 2014

39,545

Net book value

At 31 July 2014

26,768

At 31 July 2013

33,035

THE BRITANNIA INN (BRAMPTON) LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)

FOR THE YEAR ENDED 31 JULY 2014

- 3 -

Share capital

2014

2013

Allotted, called up and fully paid

2 Ordinary shares of £1 each

Related party relationships and transactions

Advances and credits granted to the directors during the year are outlined in the table below:

% Rate

Opening Balance

Amounts Advanced

Interest Charged

Amounts Repaid

Closing Balance

Miss Jodie Hallam -

(9,090)

63,594

50,404

4,100

(9,090)

63,594

50,404

4,100