Wigan Pubs Limited - Abbreviated accounts 16.3

Wigan Pubs Limited - Abbreviated accounts 16.3

WIGAN PUBS LIMITED - Company Information

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REGISTERED NUMBER: 05869919 (England and Wales)


















ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 30 NOVEMBER 2016

FOR

WIGAN PUBS LIMITED

WIGAN PUBS LIMITED (REGISTERED NUMBER: 05869919)






CONTENTS OF THE ABBREVIATED ACCOUNTS
for the Year Ended 30 November 2016




Page

Company Information 1

Abbreviated Balance Sheet 2

Notes to the Abbreviated Accounts 4

WIGAN PUBS LIMITED

COMPANY INFORMATION
for the Year Ended 30 November 2016







DIRECTORS: A T Callaghan
Mrs B A Callaghan





SECRETARY: Mrs B A Callaghan





REGISTERED OFFICE: Bretherton House
Bretherton Row
Wigan
Lancashire
WN1 1LL





REGISTERED NUMBER: 05869919 (England and Wales)





ACCOUNTANTS: Fairhurst
Chartered Accountants
Douglas Bank House
Wigan Lane
Wigan
Lancashire
WN1 2TB
Page 1
WIGAN PUBS LIMITED (REGISTERED NUMBER: 05869919)

ABBREVIATED BALANCE SHEET
30 November 2016

2016 2015
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 2 41,323 44,078
Tangible assets 3 56,003 80,370
97,326 124,448

CURRENT ASSETS
Stocks 120,189 93,053
Debtors 166,214 123,623
Cash at bank and in hand 108,671 117,668
395,074 334,344
CREDITORS
Amounts falling due within one year 611,998 643,802
NET CURRENT LIABILITIES (216,924 ) (309,458 )
TOTAL ASSETS LESS CURRENT
LIABILITIES
(119,598
)
(185,010
)

PROVISIONS FOR LIABILITIES 6,553 -
NET LIABILITIES (126,151 ) (185,010 )

CAPITAL AND RESERVES
Called up share capital 4 100 100
Profit and loss account (126,251 ) (185,110 )
SHAREHOLDERS' FUNDS (126,151 ) (185,010 )

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 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...
WIGAN PUBS LIMITED (REGISTERED NUMBER: 05869919)

ABBREVIATED BALANCE SHEET - continued
30 November 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 31 August 2017 and were signed on its behalf by:





Mrs B A Callaghan - Director


The notes form part of these abbreviated accounts

Page 3
WIGAN PUBS LIMITED (REGISTERED NUMBER: 05869919)

NOTES TO THE ABBREVIATED ACCOUNTS
for the Year Ended 30 November 2016

1. ACCOUNTING POLICIES

Basis of preparing the financial statements and going concern
The financial statements have been prepared on the going concern basis which assumes that the company will
continue in operational existence for the foreseeable future.

The company is dependent on the financial support of both the breweries, associated companies and the
directors.

At the balance sheet date the directors' current account amounted to £1,394 (2015 - £9,424) and would normally
be repayable on demand. The directors, however, have indicated that they will not demand repayment of the loan
during a period of at least one year from the date on which the directors approve the financial statements.

The directors are aware of their duty to present a balanced assessment of the company's financial position and
prospects.They conclude that it is appropriate to adopt the going concern basis having regard to the trading
performance and cash flows since the year end and are confident that the company has sufficient assets to meet
the liabilities. The directors continue to strive to improve the cash flow position of the company, and are
confident of maintaining profitability.

On this basis, together with the willingness of the above parties to maintain their financial support, the directors
consider the company to be a going concern, but, inherently, there can be no certainty to these views.

The financial statements do not include any adjustments that would result from the going concern basis of
preparation being inappropriate.

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 the net invoice value of goods sold, excluding value added tax.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2011, is being amortised evenly over its estimated useful life of twenty years.

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

Plant and machinery etc - 33% 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.

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.

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 the profit and loss account in the period to which they relate.

Page 4 continued...
WIGAN PUBS LIMITED (REGISTERED NUMBER: 05869919)

NOTES TO THE ABBREVIATED ACCOUNTS - continued
for the Year Ended 30 November 2016

2. INTANGIBLE FIXED ASSETS
Total
£   
COST
At 1 December 2015
and 30 November 2016 55,098
AMORTISATION
At 1 December 2015 11,020
Amortisation for year 2,755
At 30 November 2016 13,775
NET BOOK VALUE

At 30 November 2016 41,323
At 30 November 2015 44,078

3. TANGIBLE FIXED ASSETS
Total
£   
COST
At 1 December 2015 297,653
Additions 57,651
At 30 November 2016 355,304
DEPRECIATION
At 1 December 2015 217,283
Charge for year 82,018
At 30 November 2016 299,301
NET BOOK VALUE
At 30 November 2016 56,003
At 30 November 2015 80,370

4. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2016 2015
value: £    £   
100 Ordinary £1 100 100

5. CONTROL

The company is under the control of the director, Mrs B A Callaghan

Page 5