Company Registration No. 08450475 (England and Wales)
Burrows Pub Management Limited
Unaudited accounts
for the year ended 29 February 2020
Burrows Pub Management Limited
Unaudited accounts
Contents
Burrows Pub Management Limited
Company Information
for the year ended 29 February 2020
Directors
Mr R D Burrows
Mrs R L Burrows
Company Number
08450475 (England and Wales)
Registered Office
The Pointer Inn
High Street
Newchurch
Isle of Wight
PO36 0NN
United Kingdom
Accountants
Austin Randall Ltd
Unit 1
Nicholson Road
Ryde
Isle of Wight
PO33 1BE
Burrows Pub Management Limited
Statement of financial position
as at 29 February 2020
Tangible assets
481,182
464,972
Cash at bank and in hand
222,180
499,652
Creditors: amounts falling due within one year
129,466
(186,291)
Net current assets
383,589
344,613
Total assets less current liabilities
864,771
809,585
Creditors: amounts falling due after more than one year
(163,823)
(199,450)
Provisions for liabilities
Deferred tax
(10,163)
(11,347)
Net assets
690,785
598,788
Called up share capital
2
2
Profit and loss account
690,783
598,786
Shareholders' funds
690,785
598,788
For the year ending 29 February 2020 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 30 November 2020 and were signed on its behalf by
Mr R D Burrows
Director
Company Registration No. 08450475
Burrows Pub Management Limited
Notes to the Accounts
for the year ended 29 February 2020
Burrows Pub Management Limited is a private company, limited by shares, registered in England and Wales, registration number 08450475. The registered office is The Pointer Inn, High Street, Newchurch, Isle of Wight, PO36 0NN, United Kingdom.
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.
Turnover represents the value, net of VAT and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
Tangible fixed assets policy
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25% reducing balance basis
Fixtures & fittings
25% reducing balance basis
Computer equipment
25% reducing balance basis
Intangible fixed assets (including purchased goodwill and patents) are amortised at rates calculated to write off the assets on a straight basis over their estimated useful economic lives. Impairment of intangible fixed assets is only reviewed where circumstances indicate that the carrying value of an asset may not be fully recoverable.
4
Intangible fixed assets
Goodwill
At 29 February 2020
84,000
At 29 February 2020
84,000
Burrows Pub Management Limited
Notes to the Accounts
for the year ended 29 February 2020
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 1 March 2019
405,250
103,266
15,648
2,700
526,864
Additions
22,440
13,118
2,167
-
37,725
Disposals
-
(7,303)
(1,069)
(691)
(9,063)
At 29 February 2020
427,690
109,081
16,746
2,009
555,526
At 1 March 2019
-
51,626
9,129
1,137
61,892
Charge for the year
-
15,475
2,059
297
17,831
On disposals
-
(4,445)
(618)
(316)
(5,379)
At 29 February 2020
-
62,656
10,570
1,118
74,344
At 29 February 2020
427,690
46,425
6,176
891
481,182
At 28 February 2019
405,250
51,640
6,519
1,563
464,972
Finished goods
23,305
21,917
Accrued income and prepayments
-
4,287
8
Creditors: amounts falling due within one year
2020
2019
Bank loans and overdrafts
2,553
-
Trade creditors
60,349
64,816
Taxes and social security
124,646
117,849
Other creditors
7,975
15,203
Loans from directors
(324,989)
(11,577)
9
Creditors: amounts falling due after more than one year
2020
2019
Bank loans
158,981
195,831
Burrows Pub Management Limited
Notes to the Accounts
for the year ended 29 February 2020
Allotted, called up and fully paid:
2 Ordinary shares of £1 each
2
2
The Company runs a workplace pension scheme with the Peoples Pension.
Brought
Forward
Advance/
credit
Repaid
Carried
Forward
Loan Balance
5,789
-
-
5,789
Loan Balance
5,789
-
-
5,789
13
Average number of employees
During the year the average number of employees was 0 (2019: 39).
