The Waiting Game (Bristol) Limited - Accounts to registrar - small 17.2

REGISTERED NUMBER: 07063018 (England and Wales)

The Waiting Game (Bristol) Limited

Abridged Unaudited Financial Statements for the Year Ended 31 December 2016

Page

Company Information

1

Abridged Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTORS:

A M J Currie

Mrs H E Currie

B J J Pickles

T J Pickles

REGISTERED OFFICE:

4 King Square

Bridgwater

Somerset

TA6 3YF

REGISTERED NUMBER:

07063018 (England and Wales)

ACCOUNTANTS:

Maxwells

Chartered Accountants

4 King Square

Bridgwater

Somerset

TA6 3YF

BANKERS:

HSBC Bank plc

62 George White Street

Cabot Circus

Bristol

BS1 3BA

FIXED ASSETS

Tangible assets

5

46,756

43,530

CURRENT ASSETS

Stocks

9,000

7,000

Debtors

138,381

123,563

Cash at bank and in hand

8,946

4,916

156,327

135,479

CREDITORS

Amounts falling due within one year

199,626

167,458

NET CURRENT LIABILITIES

(43,299

)

(31,979

)

TOTAL ASSETS LESS CURRENT LIABILITIES

3,457

11,551

CREDITORS

Amounts falling due after more than one year

2,846

10,961

NET ASSETS

611

590

CAPITAL AND RESERVES

Called up share capital

250

250

Retained earnings

361

340

SHAREHOLDERS' FUNDS

611

590

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

All the members have consented to the preparation of an abridged Statement of Comprehensive Income and an abridged Statement of Financial Position for the year ended 31 December 2016 in accordance with Section 444(2A) of the Companies Act 2006.

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 27 September 2017 and were signed on its behalf by:

A M J Currie - Director

1.	STATUTORY INFORMATION

The Waiting Game (Bristol) 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.	STATEMENT OF COMPLIANCE

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.

3.	ACCOUNTING POLICIES

Basis of preparing the financial statements

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.

Land and buildings

-

over life of lease

Plant and machinery etc

-

25% on reducing balance, 15% on reducing balance and 10% 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 statement of financial position date.

Deferred tax

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

statement of financial position 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.

4.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 344 (2015 - 320 ) .

5.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 1 January 2016

48,694

Additions

8,364

At 31 December 2016

57,058

DEPRECIATION

At 1 January 2016

5,164

Charge for year

5,138

At 31 December 2016

10,302

NET BOOK VALUE

At 31 December 2016

46,756

At 31 December 2015

43,530

6.	SECURED DEBTS

The following secured debts are included within creditors:

31.12.16

31.12.15

£

£

Bank overdraft

7,532

-

Bank loans

10,955

18,530

18,487

18,530

The bank loan and overdraft are secured by a personal guarantee by the company's director, AMJ Currie.

7.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 December 2016 and

31 December 2015:

31.12.16

31.12.15

£

£

A M J Currie

Balance outstanding at start of year

60,142

60,978

Amounts repaid

(57,000

)

(27,000

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

53,007

60,142

8.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is A M J Currie and Mrs H E Currie.

During the current and previous year the company was controlled by the above directors, by virtue of the fact

that they own the majority of the company's issued share capital.