Sussex Bar Hire Ltd - Accounts to registrar - small 17.2
Sussex Bar Hire Ltd - Accounts to registrar - small 17.2
| REGISTERED NUMBER: |
| Financial Statements |
| for the Year Ended 31 July 2017 |
| for |
| Sussex Bar Hire Ltd |
| Sussex Bar Hire Ltd (Registered number: 08155607) |
| Contents of the Financial Statements |
| for the year ended 31 July 2017 |
| Page |
| Company Information | 1 |
| Balance Sheet | 2 |
| Notes to the Financial Statements | 4 |
| Sussex Bar Hire Ltd |
| Company Information |
| for the year ended 31 July 2017 |
| DIRECTORS: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANT: |
| 4th Floor |
| International House |
| Queens Road |
| Brighton |
| East Sussex |
| BN1 3XE |
| Sussex Bar Hire Ltd (Registered number: 08155607) |
| Balance Sheet |
| 31 July 2017 |
| 31.7.17 | 31.7.16 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Tangible assets | 4 |
| CURRENT ASSETS |
| Stocks |
| Debtors | 5 |
| Cash at bank and in hand |
| CREDITORS |
| Amounts falling due within one year | 6 |
| NET CURRENT LIABILITIES | ( |
) | ( |
) |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
( |
) |
| PROVISIONS FOR LIABILITIES | 7 |
| NET (LIABILITIES)/ASSETS | ( |
) |
| CAPITAL AND RESERVES |
| Called up share capital |
| Retained earnings | ( |
) |
| ( |
) |
| 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. |
| Sussex Bar Hire Ltd (Registered number: 08155607) |
| Balance Sheet - continued |
| 31 July 2017 |
| In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
| The financial statements were approved by the Board of Directors on |
| S B Daniels - Director | A J Pottinger - Director |
| P White - Director |
| Sussex Bar Hire Ltd (Registered number: 08155607) |
| Notes to the Financial Statements |
| for the year ended 31 July 2017 |
| 1. | STATUTORY INFORMATION |
| Sussex Bar Hire Ltd is a |
| registered number and registered office address can be found on the Company Information page. |
| The presentation currency of the financial statements is the Pound Sterling (£). |
| 2. | ACCOUNTING POLICIES |
| Basis of preparing the financial statements |
| 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 |
| Plant and machinery | - |
| 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. |
| Sussex Bar Hire Ltd (Registered number: 08155607) |
| Notes to the Financial Statements - continued |
| for the year ended 31 July 2017 |
| 2. | ACCOUNTING POLICIES - continued |
| Going concern note |
| Total liabilities exceed current assets at the balance sheet date. The directors consider, however that the company |
| has sufficient liquid assets, to meet its liabilities as and when they fall due, and that the company has sufficient |
| support from its creditors. Accordingly the director considers that it is appropriate to prepare the accounts on a |
| going concern basis. |
| 3. | EMPLOYEES AND DIRECTORS |
| The average number of employees during the year was |
| 4. | TANGIBLE FIXED ASSETS |
| Plant and |
| machinery |
| £ |
| COST |
| At 1 August 2016 |
| Additions |
| At 31 July 2017 |
| DEPRECIATION |
| At 1 August 2016 |
| Charge for year |
| At 31 July 2017 |
| NET BOOK VALUE |
| At 31 July 2017 |
| At 31 July 2016 |
| 5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 31.7.17 | 31.7.16 |
| £ | £ |
| Trade debtors |
| Other debtors |
| 6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 31.7.17 | 31.7.16 |
| £ | £ |
| Trade creditors |
| Taxation and social security |
| Other creditors |
| Sussex Bar Hire Ltd (Registered number: 08155607) |
| Notes to the Financial Statements - continued |
| for the year ended 31 July 2017 |
| 7. | PROVISIONS FOR LIABILITIES |
| 31.7.17 | 31.7.16 |
| £ | £ |
| Deferred tax | 614 | 1,284 |
| Deferred |
| tax |
| £ |
| Balance at 1 August 2016 |
| Provided during year | ( |
) |
| Balance at 31 July 2017 |
| 8. | DIRECTORS' ADVANCES, CREDITS AND GUARANTEES |
| The following advances and credits to directors subsisted during the years ended 31 July 2017 and 31 July 2016: |
| 31.7.17 | 31.7.16 |
| £ | £ |
| Balance outstanding at start of year |
| Amounts advanced |
| Amounts repaid |
| Amounts written off | - | - |
| Amounts waived | - | - |
| Balance outstanding at end of year |
| Balance outstanding at start of year | ( |
) | ( |
) |
| Amounts advanced |
| Amounts repaid |
| Amounts written off | - | - |
| Amounts waived | - | - |
| Balance outstanding at end of year | ( |
) | ( |
) |
| Balance outstanding at start of year | ( |
) |
| Amounts advanced |
| Amounts repaid | ( |
) | ( |
) |
| Amounts written off | - | - |
| Amounts waived | - | - |
| Balance outstanding at end of year | ( |
) | ( |
) |
| 9. | RELATED PARTY DISCLOSURES |
| During the year, total dividends of £4,550 (2016 - £12,000) were paid to the directors . |