Walrus Inns Limited - Abbreviated accounts 16.1
Walrus Inns Limited - Abbreviated accounts 16.1
| REGISTERED NUMBER: |
| Abbreviated Unaudited Accounts |
| for the Year Ended 31 August 2015 |
| for |
| Walrus Inns Limited |
| Walrus Inns Limited (Registered number: 07727725) |
| Contents of the Abbreviated Accounts |
| for the Year Ended 31 August 2015 |
| Page |
| Company Information | 1 |
| Abbreviated Balance Sheet | 2 |
| Notes to the Abbreviated Accounts | 4 |
| Walrus Inns Limited |
| Company Information |
| for the Year Ended 31 August 2015 |
| DIRECTOR: |
| SECRETARY: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| Walrus Inns Limited (Registered number: 07727725) |
| Abbreviated Balance Sheet |
| 31 August 2015 |
| 31.8.15 | 31.8.14 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Intangible assets | 2 |
| Tangible assets | 3 |
| CURRENT ASSETS |
| Stocks |
| Debtors |
| Cash at bank and in hand |
| CREDITORS |
| Amounts falling due within one year |
| NET CURRENT LIABILITIES | ( |
) | ( |
) |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| CREDITORS |
| Amounts falling due after more than one year | ( |
) | ( |
) |
| PROVISIONS FOR LIABILITIES | ( |
) | ( |
) |
| NET ASSETS |
| CAPITAL AND RESERVES |
| Called up share capital | 4 |
| Profit and loss account |
| SHAREHOLDERS' FUNDS |
| The director acknowledges his 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. |
| Walrus Inns Limited (Registered number: 07727725) |
| Abbreviated Balance Sheet - continued |
| 31 August 2015 |
| The financial statements were approved by the director on |
| Walrus Inns Limited (Registered number: 07727725) |
| Notes to the Abbreviated Accounts |
| for the Year Ended 31 August 2015 |
| 1. | ACCOUNTING POLICIES |
| 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 January 2015). |
| Turnover |
| Turnover represents net invoiced sales of goods, excluding value added tax. |
| Tangible fixed assets |
| Plant and machinery etc | - |
| 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. |
| Going concern |
| The director has a reasonable expectation that the company has adequate resources to continue in operational |
| existence for the foreseeable future. Thus he continues to adopt the going concern basis of accounting in |
| preparing the annual financial statements. |
| Goodwill |
| Goodwill, being the amounts paid in connection with the acquisition of businesses in 2011 and 2013, is being |
| amortised evenly over its estimated useful life of eight years. |
| 2. | INTANGIBLE FIXED ASSETS |
| Total |
| £ |
| COST |
| At 1 September 2014 |
| and 31 August 2015 |
| AMORTISATION |
| At 1 September 2014 |
| Amortisation for year |
| At 31 August 2015 |
| NET BOOK VALUE |
| At 31 August 2015 |
| At 31 August 2014 |
| Walrus Inns Limited (Registered number: 07727725) |
| Notes to the Abbreviated Accounts - continued |
| for the Year Ended 31 August 2015 |
| 3. | TANGIBLE FIXED ASSETS |
| Total |
| £ |
| COST |
| At 1 September 2014 |
| Additions |
| At 31 August 2015 |
| DEPRECIATION |
| At 1 September 2014 |
| Charge for year |
| At 31 August 2015 |
| NET BOOK VALUE |
| At 31 August 2015 |
| At 31 August 2014 |
| 4. | CALLED UP SHARE CAPITAL |
| Allotted, issued and fully paid: |
| Number: | Class: | Nominal | 31.8.15 | 31.8.14 |
| value: | £ | £ |
| Ordinary | 1p |
| Ordinary "A" | 1p |
| Ordinary "B" | 1p |
| Ordinary"C" | 1p |
| 10 | 10 |
| 5. | DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES |
| The following advances and credits to a director subsisted during the years ended 31 August 2015 and |
| 31 August 2014: |
| 31.8.15 | 31.8.14 |
| £ | £ |
| Balance outstanding at start of year |
| Amounts advanced |
| Amounts repaid | ( |
) | ( |
) |
| Balance outstanding at end of year |
| The amount advanced was repaid within 9 months. |