Number One Sandwich Bar Limited - Accounts to registrar - small 17.2

REGISTERED NUMBER: 07142730 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2017

FOR

NUMBER ONE SANDWICH BAR LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

P A Evans

Mrs A J Evans

SECRETARY:

Mrs A J Evans

REGISTERED OFFICE:

12 Lambourne Close

Ledbury

Herefordshire

HR8 2HW

REGISTERED NUMBER:

07142730 (England and Wales)

ACCOUNTANTS:

Mitchell Glanville Limited

41 Rodney Road

Cheltenham

Gloucestershire

GL50 1HX

FIXED ASSETS

Tangible assets

4

3,958

5,272

CURRENT ASSETS

Stocks

1,654

1,523

Debtors

5

450

71

Cash at bank and in hand

5,137

2,558

7,241

4,152

CREDITORS

Amounts falling due within one year

6

9,664

10,803

NET CURRENT LIABILITIES

(2,423

)

(6,651

)

TOTAL ASSETS LESS CURRENT LIABILITIES

1,535

(1,379

)

CAPITAL AND RESERVES

Called up share capital

4

4

Retained earnings

1,531

(1,383

)

SHAREHOLDERS' FUNDS

1,535

(1,379

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2017 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.

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 16 September 2017 and were signed on its behalf by:

P A Evans - Director

1.	STATUTORY INFORMATION

Number One Sandwich Bar 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 etc

-

25% on cost and 20% 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.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 February 2016

22,678

Disposals

(1,327

)

At 31 January 2017

21,351

DEPRECIATION

At 1 February 2016

17,406

Charge for year

1,314

Eliminated on disposal

(1,327

)

At 31 January 2017

17,393

NET BOOK VALUE

At 31 January 2017

3,958

At 31 January 2016

5,272

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

£

Other debtors

450

71

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

£

Trade creditors

391

489

Taxation and social security

2,535

2,963

Other creditors

6,738

7,351

9,664

10,803

7.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 January 2017 and 31 January 2016:

2017

2016

£

£

P A Evans and Mrs A J Evans

Balance outstanding at start of year

(7,351

)

(6,018

)

Amounts advanced

6,000

5,282

Amounts repaid

(5,387

)

(6,615

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

(6,738

)

(7,351

)