The Waiting Game (Bristol) Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 07063018 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 March 2021

for

The Waiting Game (Bristol) Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr T J Pickles

Mr B J J Pickles

REGISTERED OFFICE:

Stafford House

Blackbrook Park Avenue

Taunton

Somerset

TA1 2PX

REGISTERED NUMBER:

07063018 (England and Wales)

ACCOUNTANTS:

A C Mole & Sons

Stafford House

Blackbrook Park Avenue

Taunton

Somerset

TA1 2PX

FIXED ASSETS

Intangible assets

4

43,014

40,413

Tangible assets

5

31,331

35,832

74,345

76,245

CURRENT ASSETS

Stocks

3,000

7,500

Debtors

6

119,234

65,254

Cash at bank and in hand

50,464

56,627

172,698

129,381

CREDITORS

Amounts falling due within one year

7

49,104

127,866

NET CURRENT ASSETS

123,594

1,515

TOTAL ASSETS LESS CURRENT LIABILITIES

197,939

77,760

CREDITORS

Amounts falling due after more than one year

8

(183,600

)

(5,193

)

PROVISIONS FOR LIABILITIES

(1,508

)

(447

)

NET ASSETS

12,831

72,120

CAPITAL AND RESERVES

Called up share capital

250

250

Retained earnings

12,581

71,870

12,831

72,120

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2021 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 18 August 2021 and were signed on its behalf by:

Mr B J J Pickles - Director

Mr T J Pickles - Director

1.	STATUTORY INFORMATION

The Waiting Game (Bristol) 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.

The presentation currency of the financial statements is the Pound Sterling (£).

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.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Development costs are being amortised evenly over their estimated useful life of ten years.

Tangible fixed assets

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

Land and buildings

-

10% on cost and over the lease term

Plant and machinery etc

-

33% on cost, 25% on reducing balance and 15% on reducing balance

Government grants

Government grants received in respect of Coronavirus assistance are recognised under the accrual method. Under the accruals method, government grants relating to revenue are recognised on a systematic basis over the periods in which the company recognises the related costs for which the grant is intended to compensate. Grants that are receivable as compensation for expenses or losses already incurred or for the purpose of giving immediate financial support to the entity with no future related costs are recognised in income in the period in which it becomes receivable.

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 Income Statement, 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.

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 profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 714 (2020 - 155 ) .

4.	INTANGIBLE FIXED ASSETS

Other

intangible

assets

£

COST

At 1 April 2020

50,491

Additions

8,500

At 31 March 2021

58,991

AMORTISATION

At 1 April 2020

10,078

Charge for year

5,899

At 31 March 2021

15,977

NET BOOK VALUE

At 31 March 2021

43,014

At 31 March 2020

40,413

5.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

COST

At 1 April 2020

47,246

14,984

62,230

Additions

-

335

335

At 31 March 2021

47,246

15,319

62,565

DEPRECIATION

At 1 April 2020

17,380

9,018

26,398

Charge for year

3,510

1,326

4,836

At 31 March 2021

20,890

10,344

31,234

NET BOOK VALUE

At 31 March 2021

26,356

4,975

31,331

At 31 March 2020

29,866

5,966

35,832

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2021

2020

£

£

Trade debtors

3,884

44,554

Amounts owed by group undertakings

76,761

-

Other debtors

38,589

20,700

119,234

65,254

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2021

2020

£

£

Bank loans and overdrafts

35,531

10,386

Trade creditors

1,809

2,946

Taxation and social security

3,469

104,225

Other creditors

8,295

10,309

49,104

127,866

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2021

2020

£

£

Bank loans

183,600

5,193

9.	SECURED DEBTS

The following secured debts are included within creditors:

2021

2020

£

£

Bank loans

219,131

15,579

The bank loan and overdraft are secured by a personal guarantee by the company's directors.

10.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 March 2021 and 31 March 2020:

2021

2020

£

£

Mr T J Pickles

Balance outstanding at start of year

1,057

562

Amounts advanced

793

495

Amounts repaid

(1,850

)

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

-

1,057

Mr B J J Pickles

Balance outstanding at start of year

1,057

561

Amounts advanced

793

567

Amounts repaid

(1,850

)

(71

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

-

1,057

Repayable on demand.

11.	RELATED PARTY DISCLOSURES

The immediate and ultimate parent undertaking is Pickles and Pickles Limited, a company registered in England.

Dividends

Dividends of £11,251 (2020 - £125,400) were paid to Pickles and Pickles Limited, a company which is owned 100% by the directors of The Waiting Game (Bristol) Limited.