Wigan Pubs Limited - Limited company - abbreviated - 11.0.0

REGISTERED NUMBER: 05869919 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 30 NOVEMBER 2013

FOR

WIGAN PUBS LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTORS:

A T Callaghan

Mrs B A Callaghan

SECRETARY:

Mrs B A Callaghan

REGISTERED OFFICE:

Bretherton House

Bretherton Row

Wigan

Lancashire

WN1 1LL

REGISTERED NUMBER:

05869919 (England and Wales)

ACCOUNTANTS:

Fairhurst

Chartered Accountants

Douglas Bank House

Wigan Lane

Wigan

Lancashire

WN1 2TB

FIXED ASSETS

Intangible assets

2

49,588

52,343

Tangible assets

3

129,985

55,835

179,573

108,178

CURRENT ASSETS

Stocks

91,098

85,216

Debtors

70,630

122,555

Cash at bank and in hand

63,362

38,406

225,090

246,177

CREDITORS

Amounts falling due within one year

592,177

466,634

NET CURRENT LIABILITIES

(367,087

)

(220,457

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(187,514

)

(112,279

)

CAPITAL AND RESERVES

Called up share capital

4

100

100

Profit and loss account

(187,614

)

(112,379

)

SHAREHOLDERS' FUNDS

(187,514

)

(112,279

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2013.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2013 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 abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the Board of Directors on 28 August 2014 and were signed on its behalf by:

A T Callaghan - Director

1.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements have been prepared on the basis that the company continues to be a going concern

which the directors consider appropriate having regard to the following. At the balance sheet the directors,were

owed £28,615 (2012: £11,603) by the company and have indicated that they will not withdraw funds until such

time that profitability is restored. The directors have indicated that they will continue to support the company.

Accounting convention

The financial statements have been prepared under the historical cost convention and in accordance with the

Financial Reporting Standard for Smaller Entities (effective April 2008).

Turnover

Turnover represents the net invoice value of goods sold, excluding value added tax.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2011, is being amortised evenly over its estimated useful life of twenty years.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.

Plant and machinery etc

-

33% on cost

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow

moving items.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance

sheet date.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to the profit and loss account 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 the profit and loss account in the period to which they relate.

2.	INTANGIBLE FIXED ASSETS

Total

£

COST

At 1 December 2012

and 30 November 2013

55,098

AMORTISATION

At 1 December 2012

2,755

Amortisation for year

2,755

At 30 November 2013

5,510

NET BOOK VALUE

At 30 November 2013

49,588

At 30 November 2012

52,343

3.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 December 2012

67,702

Additions

111,599

At 30 November 2013

179,301

DEPRECIATION

At 1 December 2012

11,867

Charge for year

37,449

At 30 November 2013

49,316

NET BOOK VALUE

At 30 November 2013

129,985

At 30 November 2012

55,835

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2013

2012

value:

£

£

100

Ordinary

£1

100

100

5.

CONTROL

The company is under the control of the director, Mrs B A Callaghan