The Pony and Trap (Chew Magna) Limited - Abbreviated accounts 16.3

REGISTERED NUMBER: 07686748 (England and Wales)

Abbreviated Unaudited Accounts for the Year Ended 31 May 2016

for

THE PONY AND TRAP (CHEW MAGNA) LIMITED

Page

Company Information

1

Chartered Accountants' Report

2

Abbreviated Balance Sheet

3

Notes to the Abbreviated Accounts

5

DIRECTORS:

C J Eggleton

G Eggleton

J Eggleton

REGISTERED OFFICE:

11 Laura Place

Bath

BA2 4BL

REGISTERED NUMBER:

07686748 (England and Wales)

ACCOUNTANTS:

Richardson Swift

Chartered Accountants

11 Laura Place

Bath

BA2 4BL

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 seven) 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 The Pony and Trap (Chew Magna) Limited for the year ended 31 May 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 The Pony and Trap (Chew Magna) 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 The Pony and Trap (Chew Magna) Limited and state those matters that we have agreed to state to the Board of Directors of The Pony and Trap (Chew Magna) 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 The Pony and Trap (Chew Magna) Limited Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that The Pony and Trap (Chew Magna) 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 The Pony and Trap (Chew Magna) Limited. You consider that The Pony and Trap (Chew Magna) 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 The Pony and Trap (Chew Magna) 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.

Richardson Swift

Chartered Accountants

11 Laura Place

Bath

BA2 4BL

27 February 2017

FIXED ASSETS

Intangible assets

2

-

-

Tangible assets

3

142,818

24,208

Investments

4

10,967

10,967

153,785

35,175

CURRENT ASSETS

Stocks

10,340

10,000

Debtors

80,362

139,906

Cash at bank and in hand

57,330

92,162

148,032

242,068

CREDITORS

Amounts falling due within one year

188,677

196,582

NET CURRENT (LIABILITIES)/ASSETS

(40,645

)

45,486

TOTAL ASSETS LESS CURRENT LIABILITIES

113,140

80,661

CREDITORS

Amounts falling due after more than one year

-

2,639

NET ASSETS

113,140

78,022

CAPITAL AND RESERVES

Called up share capital

5

100

100

Profit and loss account

113,040

77,922

SHAREHOLDERS' FUNDS

113,140

78,022

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 27 February 2017 and were signed on its behalf by:

C J Eggleton - Director

G Eggleton - Director

J Eggleton - 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 sales of goods and services, excluding value added tax. Turnover is

recognised when the goods are sold or the service is rendered.

Goodwill

Goodwill has been fully amortised evenly over its estimated useful life of three years.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Fixtures and fittings

-

Varying rates over the life of the asset

Motor vehicles

-

25% on cost

Computer equipment

-

25% 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.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet.

Those held under hire purchase contracts are depreciated over their estimated useful lives. Those

held under finance leases are depreciated over their estimated useful lives or the lease term,

whichever is the shorter.

The interest element of these obligations is charged to the profit and loss account over the relevant

period. The capital element of the future payments is treated as a liability.

2.	INTANGIBLE FIXED ASSETS

Total

£

COST

At 1 June 2015

and 31 May 2016

200,000

AMORTISATION

At 1 June 2015

and 31 May 2016

200,000

NET BOOK VALUE

At 31 May 2016

-

At 31 May 2015

-

3.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 June 2015

36,893

Additions

139,340

At 31 May 2016

176,233

DEPRECIATION

At 1 June 2015

12,685

Charge for year

20,730

At 31 May 2016

33,415

NET BOOK VALUE

At 31 May 2016

142,818

At 31 May 2015

24,208

4.	FIXED ASSET INVESTMENTS

Investments

other

than

loans

£

COST

At 1 June 2015

and 31 May 2016

10,967

NET BOOK VALUE

At 31 May 2016

10,967

At 31 May 2015

10,967

5.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2016

2015

value:

£

£

50

Ordinary A

£1

50

50

30

Ordinary B

£1

30

30

20

Ordinary C

£1

20

20

100

100

6.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 May 2016 and

31 May 2015:

2016

2015

£

£

C J Eggleton

Balance outstanding at start of year

6,514

3,690

Amounts advanced

6,095

2,824

Amounts repaid

(6,550

)

-

Balance outstanding at end of year

6,059

6,514

G Eggleton

Balance outstanding at start of year

6,514

3,690

Amounts advanced

6,095

2,824

Amounts repaid

(6,550

)

-

Balance outstanding at end of year

6,059

6,514

J Eggleton

Balance outstanding at start of year

4,505

(3,683

)

Amounts advanced

26,377

8,188

Amounts repaid

(21,048

)

-

Balance outstanding at end of year

9,834

4,505