22-44 The Shambles Limited - Accounts to registrar - small 17.2

REGISTERED NUMBER: 06690339 (England and Wales)

Report of the Director and

Unaudited Financial Statements for the Year Ended 31 December 2016

for

22-44 The Shambles Limited

Page

Company Information

1

Report of the Director

2

Balance Sheet

3

Notes to the Financial Statements

5

DIRECTOR:

Mrs M S Woodward

SECRETARY:

REGISTERED OFFICE:

BCL House

2 Pavilion Business Park

Royds Hall Road

LEEDS

LS12 6AJ

REGISTERED NUMBER:

06690339 (England and Wales)

ACCOUNTANTS:

BCL Accountants Ltd

BCL House

2 Pavilion Business Park

Royds Hall Road

LEEDS

LS12 6AJ

The director presents her report with the financial statements of the company for the year ended 31 December 2016.

PRINCIPAL ACTIVITY

The principal activity of the company in the year under review was that of public house.

REVIEW OF BUSINESS

This financial year has seen a continued improvement in the trading figures for the business.

The turnover figures excluding VAT are as follows

2015 £180,624

2016 £297,754

Overall increase £117,130

Percentage growth 64.8%

We will invest in a new beer delivery system which will allow even more beer pumps on the bars. This new system will

reduce wastage and allow individual beer cask to remain on the bars for a longer period.

We have committed to fund two additional individuals to undertake the mandatory licence training.

We will continue our detailed discussions with the City Centre Manager and his colleagues at "Make it York" to

develop an enclosed area in what is currently our open area facility in the Shambles Market. We believe that a

successful conclusion will have a positive impact on both the Shambles Market and our own business.

DIRECTOR

Mrs M S Woodward held office during the whole of the period from 1 January 2016 to the date of this report.

This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small

companies.

ON BEHALF OF THE BOARD:

Mrs M S Woodward - Director

2 May 2017

FIXED ASSETS

Tangible assets

4

20,720

26,386

CURRENT ASSETS

Stocks

7,500

7,500

Debtors

5

288

2,072

Cash at bank and in hand

3,882

100

11,670

9,672

CREDITORS

Amounts falling due within one year

6

283,180

280,373

NET CURRENT LIABILITIES

(271,510

)

(270,701

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(250,790

)

(244,315

)

CAPITAL AND RESERVES

Called up share capital

101

101

Retained earnings

(250,891

)

(244,416

)

SHAREHOLDERS' FUNDS

(250,790

)

(244,315

)

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2016 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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 financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director on 2 May 2017 and were signed by:

Mrs M S Woodward - Director

1.	STATUTORY INFORMATION

22-44 The Shambles Limited is a private company, limited by shares , registered in England and Wales. The

company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates,

value added tax and other sales taxes.

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

-

15% on reducing balance

Fixtures and fittings

-

20% on reducing balance

Computer equipment

-

33.3333% on cost

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and

slow moving items.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to

the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or

substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the

balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from

those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws

that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of

the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they

will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the

lease.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension

scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 .

4.	TANGIBLE FIXED ASSETS

Fixtures

Short

Plant and

and

Computer

leasehold

machinery

fittings

equipment

Totals

£

£

£

£

£

COST

At 1 January 2016

41,309

6,858

9,655

2,161

59,983

Additions

-

1,535

-

-

1,535

Disposals

-

(250

)

(253

)

(247

)

(750

)

At 31 December 2016

41,309

8,143

9,402

1,914

60,768

DEPRECIATION

At 1 January 2016

28,000

1,463

2,310

1,824

33,597

Charge for year

4,000

1,145

1,432

62

6,639

Eliminated on disposal

-

(38

)

(68

)

(82

)

(188

)

At 31 December 2016

32,000

2,570

3,674

1,804

40,048

NET BOOK VALUE

At 31 December 2016

9,309

5,573

5,728

110

20,720

At 31 December 2015

13,309

5,395

7,345

337

26,386

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.16

31.12.15

£

£

Other debtors

288

2,072

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.16

31.12.15

£

£

Bank loans and overdrafts

950

19,782

Trade creditors

19,430

17,974

Taxation and social security

23,727

8,552

Other creditors

239,073

234,065

283,180

280,373

7.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is the Directors by virtue of their shareholdings.