PKLB Pub Management Limited - Abbreviated accounts 16.1

PKLB Pub Management Limited - Abbreviated accounts 16.1

PKLB PUB MANAGEMENT LIMITED - Company Information

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REGISTERED NUMBER: 08507950 (England and Wales)















ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 30 JUNE 2016

FOR

PKLB PUB MANAGEMENT LIMITED

PKLB PUB MANAGEMENT LIMITED (REGISTERED NUMBER: 08507950)






CONTENTS OF THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 30 JUNE 2016




Page

Company Information 1

Abbreviated Balance Sheet 2

Notes to the Abbreviated Accounts 4

PKLB PUB MANAGEMENT LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 JUNE 2016







DIRECTORS: C P Kingham
L E Seaborne





REGISTERED OFFICE: The Sun Inn
Bassenthwaite
Nr Keswick
Cumbria
CA12 4QP





REGISTERED NUMBER: 08507950 (England and Wales)





ACCOUNTANTS: Walker Thompson Ltd
Accountants & Registered Auditors
Empress House
43A Binley Road
Coventry
CV3 1HU
Page 1
PKLB PUB MANAGEMENT LIMITED (REGISTERED NUMBER: 08507950)

ABBREVIATED BALANCE SHEET
30 JUNE 2016

2016 2015
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 2 10,000 15,000
Tangible assets 3 56,019 63,736
66,019 78,736

CURRENT ASSETS
Stocks 12,050 12,050
Debtors 15,202 12,720
Cash at bank and in hand 9,550 21,586
36,802 46,356
CREDITORS
Amounts falling due within one year 4 32,909 37,386
NET CURRENT ASSETS 3,893 8,970
TOTAL ASSETS LESS CURRENT
LIABILITIES
69,912
87,706

CREDITORS
Amounts falling due after more than one
year
4
56,057
76,521
NET ASSETS 13,855 11,185

CAPITAL AND RESERVES
Called up share capital 5 2 2
Profit and loss account 13,853 11,183
SHAREHOLDERS' FUNDS 13,855 11,185

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2016 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 notes form part of these abbreviated accounts

Page 2 continued...
PKLB PUB MANAGEMENT LIMITED (REGISTERED NUMBER: 08507950)

ABBREVIATED BALANCE SHEET - continued
30 JUNE 2016


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 October 2016 and were signed on its
behalf by:




L E Seaborne - Director



C P Kingham - Director


The notes form part of these abbreviated accounts

Page 3
PKLB PUB MANAGEMENT LIMITED (REGISTERED NUMBER: 08507950)

NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 30 JUNE 2016

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 sales of drink and food,excluding value added tax, and is recognised at the time
of sale.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2013, is being amortised evenly over its estimated useful life of five years.

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

Short leasehold - Straight line over period of the lease
Equipment - 20% on reducing balance
Fixtures and fittings - 20% on reducing balance

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.

2. INTANGIBLE FIXED ASSETS
Total
£   
COST
At 1 July 2015
and 30 June 2016 25,000
AMORTISATION
At 1 July 2015 10,000
Amortisation for year 5,000
At 30 June 2016 15,000
NET BOOK VALUE

At 30 June 2016 10,000
At 30 June 2015 15,000

Page 4 continued...
PKLB PUB MANAGEMENT LIMITED (REGISTERED NUMBER: 08507950)

NOTES TO THE ABBREVIATED ACCOUNTS - continued
FOR THE YEAR ENDED 30 JUNE 2016

3. TANGIBLE FIXED ASSETS
Total
£   
COST
At 1 July 2015 84,666
Additions 2,541
At 30 June 2016 87,207
DEPRECIATION
At 1 July 2015 20,930
Charge for year 10,258
At 30 June 2016 31,188
NET BOOK VALUE
At 30 June 2016 56,019
At 30 June 2015 63,736

4. CREDITORS

Creditors include an amount of £ 56,057 (2015 - £ 81,521 ) for which security has been given.

5. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2016 2015
value: £    £   
2 Ordinary £1 2 2

Page 5