P & S Carter Pubs Limited - Abbreviated accounts 16.3

REGISTERED NUMBER: 04731933 (England and Wales)

Abbreviated Unaudited Accounts for the Year Ended 30 April 2016

for

P & S Carter Pubs Limited

Page

Company Information

1

Chartered Accountants' Report

2

Abbreviated Balance Sheet

3

Notes to the Abbreviated Accounts

5

DIRECTORS:

Mrs S A Carter

P S Carter

SECRETARY:

Mrs S A Carter

REGISTERED OFFICE:

Insight,Office 209

15 Wheeler Gate

Nottingham

Nottinghamshire

NG1 2NA

REGISTERED NUMBER:

04731933 (England and Wales)

ACCOUNTANTS:

John Chappelle

Insight

Chartered Accountants

15 Wheeler Gate

Nottingham

Nottinghamshire

NG1 2NA

The following reproduces the text of the report prepared for the directors in respect of the company's annual

unaudited financial statements, from which the unaudited abbreviated accounts (set out on pages three to six)

have been prepared.

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 2016 which comprise the Profit and Loss

Account, the Balance Sheet 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 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 profit 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.

John Chappelle

Insight

Chartered Accountants

15 Wheeler Gate

Nottingham

Nottinghamshire

NG1 2NA

Date: .............................................

FIXED ASSETS

Intangible assets

2

-

Tangible assets

3

19,102

18,330

19,102

18,330

CURRENT ASSETS

Stocks

16,500

Debtors

56,809

61,280

Cash at bank

72,694

52,629

146,003

130,409

CREDITORS

Amounts falling due within one year

4

108,199

94,127

NET CURRENT ASSETS

37,804

36,282

TOTAL ASSETS LESS CURRENT
LIABILITIES

56,906

54,612

PROVISIONS FOR LIABILITIES

1,397

1,391

NET ASSETS

55,509

53,221

CAPITAL AND RESERVES

Called up share capital

5

1,000

Profit and loss account

54,509

52,221

SHAREHOLDERS' FUNDS

55,509

53,221

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 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 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 7 October 2016 and were signed on its behalf by:

P S Carter - Director

Mrs S A Carter - Director

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.

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.

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

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.

2.	INTANGIBLE FIXED ASSETS

Total

£

COST

At 1 May 2015

and 30 April 2016

125,000

AMORTISATION

At 1 May 2015

and 30 April 2016

125,000

NET BOOK VALUE

At 30 April 2016

-

At 30 April 2015

-

3.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 May 2015

187,924

Additions

4,970

At 30 April 2016

192,894

DEPRECIATION

At 1 May 2015

169,594

Charge for year

4,198

At 30 April 2016

173,792

NET BOOK VALUE

At 30 April 2016

19,102

At 30 April 2015

18,330

4.

CREDITORS

Creditors include an amount of £ 17,316 (30.4.15 - £ 25,157 ) for which security has been given.

5.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30.4.16

30.4.15

value:

£

1,000

Ordinary

£1

1,000

6.	TRANSACTIONS WITH DIRECTORS

The following advances and credits to directors subsisted during the years ended 30 April 2016 and

30 April 2015:

30.4.16

30.4.15

£

P S Carter and Mrs S A Carter

Balance outstanding at start of year

52,286

52,722

Amounts advanced

57,135

93,313

Amounts repaid

(62,467

)

(93,749

)

Balance outstanding at end of year

46,954

52,286