DF Taverns Limited - Abbreviated accounts 16.1

REGISTERED NUMBER: SC196266 (Scotland)

Abbreviated Unaudited Accounts for the Year Ended 31 May 2016

for

DF Taverns Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

Mrs L Sandford

G Sandford

G Davidson

SECRETARY:

G Davidson

REGISTERED OFFICE:

51 Windmillhill Street

Motherwell

ML1 1RY

REGISTERED NUMBER:

SC196266 (Scotland)

ACCOUNTANTS:

Smith Inglis & Tait

1 Auchingramont Road

Hamilton

ML3 6JP

FIXED ASSETS

Tangible assets

2

274,462

276,013

CURRENT ASSETS

Stocks

12,233

11,181

Cash at bank and in hand

3,012

4,489

15,245

15,670

CREDITORS

Amounts falling due within one year

93,692

91,349

NET CURRENT LIABILITIES

(78,447

)

(75,679

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

196,015

200,334

CREDITORS

Amounts falling due after more than
one year

20,557

48,462

NET ASSETS

175,458

151,872

CAPITAL AND RESERVES

Called up share capital

3

2

Profit and loss account

175,456

151,870

SHAREHOLDERS' FUNDS

175,458

151,872

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 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 3 November 2016 and were
signed on its behalf by:

G Davidson - 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.

Tangible fixed assets

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

Plant and machinery etc

-

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.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 June 2015

408,663

Additions

4,874

At 31 May 2016

413,537

DEPRECIATION

At 1 June 2015

132,650

Charge for year

6,425

At 31 May 2016

139,075

NET BOOK VALUE

At 31 May 2016

274,462

At 31 May 2015

276,013

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.5.16

31.5.15

value:

£

2

Ordinary Shares

1

2

4.	CONTROLLING PARTY

The company was controlled by its directors throughout the year.