P & S Carter Pubs Limited - Accounts to registrar (filleted) - small 23.1.2

REGISTERED NUMBER: 04731933 (England and Wales)

Unaudited Financial Statements for the Year Ended 30 April 2023

for

P & S Carter Pubs Limited

Page

Company Information

1

Chartered Accountants' Report

2

Balance Sheet

3

Notes to the Financial Statements

4

DIRECTORS:

Mrs S A Carter

P S Carter

SECRETARY:

Mrs S A Carter

REGISTERED OFFICE:

Endeavour House

7 Enterprise Way

Pinchbeck

Spalding

Lincolnshire

PE11 3YR

REGISTERED NUMBER:

04731933 (England and Wales)

ACCOUNTANTS:

INSIGHT

Acorn House

Church Lane

Croft

Skegness

Lincolnshire

PE24 4RW

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 Statement of Comprehensive Income 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 P & S Carter Pubs Limited for the year ended 30 April 2023 which comprise the Statement of Comprehensive Income, Balance Sheet, Statement of Changes in Equity 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 P & S Carter Pubs 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 P & S Carter Pubs Limited and state those matters that we have agreed to state to the Board of Directors of P & S Carter Pubs 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 P & S Carter Pubs Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that P & S Carter Pubs 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 loss of P & S Carter Pubs Limited. You consider that P & S Carter Pubs 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 P & S Carter Pubs 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.

INSIGHT

Acorn House

Church Lane

Croft

Skegness

Lincolnshire

PE24 4RW

9 June 2023

CURRENT ASSETS

Debtors

6

78,618

87,722

Cash at bank

-

56,019

78,618

143,741

CREDITORS

Amounts falling due within one year

7

77,618

121,552

NET CURRENT ASSETS

1,000

22,189

TOTAL ASSETS LESS CURRENT LIABILITIES

1,000

22,189

CAPITAL AND RESERVES

Called up share capital

9

1,000

1,000

Retained earnings

10

-

21,189

SHAREHOLDERS' FUNDS

1,000

22,189

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2023 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 Comprehensive Income has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 9 June 2023 and were signed on its behalf by:

P S Carter - Director

Mrs S A Carter - Director

1.	STATUTORY INFORMATION

P & S Carter Pubs 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.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2003, is being amortised evenly over its estimated useful life of ten years.

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.

Tangible fixed assets

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

Improvements to property

-

10% on cost

Plant and machinery

-

20% on cost

Fixtures and fittings

-

at variable rates on reducing balance

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.

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 2 (2022 - 6 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 May 2022

125,000

Disposals

(125,000

)

At 30 April 2023

-

AMORTISATION

At 1 May 2022

125,000

Eliminated on disposal

(125,000

)

At 30 April 2023

-

NET BOOK VALUE

At 30 April 2023

-

At 30 April 2022

-

5.	TANGIBLE FIXED ASSETS

Improvements

Fixtures

to

Plant and

and

property

machinery

fittings

Totals

£

£

£

£

COST

At 1 May 2022

95,878

12,965

95,031

203,874

Disposals

(95,878

)

(12,965

)

(95,031

)

(203,874

)

At 30 April 2023

-

-

-

-

DEPRECIATION

At 1 May 2022

95,878

12,965

95,031

203,874

Eliminated on disposal

(95,878

)

(12,965

)

(95,031

)

(203,874

)

At 30 April 2023

-

-

-

-

NET BOOK VALUE

At 30 April 2023

-

-

-

-

At 30 April 2022

-

-

-

-

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.4.23

30.4.22

£

£

Directors' current accounts

78,618

87,722

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.4.23

30.4.22

£

£

Trade creditors

-

3,000

Tax

125

16,239

VAT

-

10,348

Other creditors

-

5,352

Directors' current accounts

74,443

74,791

Accrued expenses

3,050

11,822

77,618

121,552

8.	SECURED DEBTS

The following secured debts are included within creditors:

30.4.23

30.4.22

£

£

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30.4.23

30.4.22

value:

£

£

1,000

Ordinary

£1

1,000

1,000

10.

RESERVES

Retained

earnings

£

At 1 May 2022

21,189

Deficit for the year

(11,503

)

Dividends

(9,686

)

At 30 April 2023

-

11.	TRANSACTIONS WITH DIRECTORS

The following advances and credits to directors subsisted during the years ended 30 April 2023 and 30 April 2022:

30.4.23

30.4.22

£

£

Mrs S A Carter

Balance outstanding at start of year

87,721

72,232

Amounts advanced

-

155,775

Amounts repaid

(9,102

)

(140,286

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

78,619

87,721

P S Carter

Balance outstanding at start of year

(74,791

)

14,720

Amounts advanced

5,190

50,775

Amounts repaid

(4,843

)

(140,286

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

(74,444

)

(74,791

)