Company Registration No. 08450475 (England and Wales)
Burrows Pub Management Limited
Unaudited accounts
for the year ended 28 February 2017
Burrows Pub Management Limited
Unaudited accounts
Contents
Burrows Pub Management Limited
Company Information
for the year ended 28 February 2017
Directors
Mr R D Burrows
Mrs R L Burrows
Company Number
08450475 (England and Wales)
Registered Office
The Pointer Inn
High Street
Newchurch
Isle of Wight
PO36 0NN
United Kingdom
Accountants
Austin Randall Ltd
Communications Building
56 Love Lane
Cowes
Isle of Wight
PO31 7EU
Burrows Pub Management Limited
Statement of financial position
as at 28 February 2017
Tangible assets
29,068
18,010
Cash at bank and in hand
321,636
342,165
Creditors: amounts falling due within one year
(58,244)
(149,730)
Net current assets
280,337
207,581
Total assets less current liabilities
309,405
225,591
Provisions for liabilities
Deferred tax
(5,199)
(3,603)
Net assets
304,206
221,988
Called up share capital
2
2
Profit and loss account
304,204
221,986
Shareholders' funds
304,206
221,988
For the year ending 28 February 2017 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
Approved by the Board on 10 October 2017.
Mrs R L Burrows
Director
Company Registration No. 08450475
Burrows Pub Management Limited
Notes to the Accounts
for the year ended 28 February 2017
Burrows Pub Management Limited is a private company, limited by shares, registered in England and Wales, registration number 08450475. The registered office and principal place of business is The Pointer Inn, High Street, Newchurch, Isle of Wight, PO36 0NN, United Kingdom.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
These financial statements for the year ended 28 February 2017 are the first financial statements that comply with FRS 102 Section 1A Small Entities. The date of transition is 1 March 2015.
The transition to FRS 102 Section 1A Small Entities has resulted in a small number of changes in accounting policies to those used previously.
The nature of these changes and their impact on opening equity and profit for the comparative period are explained in the notes below.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover represents the value, net of VAT and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
Tangible fixed assets policy
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25% reducing balance basis
Fixtures & fittings
25% reducing balance basis
Computer equipment
25% reducing balance basis
Intangible fixed assets (including purchased goodwill and patents) are amortised at rates calculated to write off the assets on a straight basis over their estimated useful economic lives. Impairment of intangible fixed assets is only reviewed where circumstances indicate that the carrying value of an asset may not be fully recoverable.
Burrows Pub Management Limited
Notes to the Accounts
for the year ended 28 February 2017
4
Intangible fixed assets
Goodwill
At 28 February 2017
84,000
At 28 February 2017
84,000
5
Tangible fixed assets
Land & buildings
Plant & machinery
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At cost
At 1 March 2016
-
23,702
8,133
390
32,225
Additions
3,078
13,500
2,635
799
20,012
Disposals
-
(125)
-
(390)
(515)
At 28 February 2017
3,078
37,077
10,768
799
51,722
At 1 March 2016
-
10,540
3,449
226
14,215
Charge for the year
-
6,635
1,830
200
8,665
On disposals
-
-
-
(226)
(226)
At 28 February 2017
-
17,175
5,279
200
22,654
At 28 February 2017
3,078
19,902
5,489
599
29,068
At 29 February 2016
-
13,162
4,684
164
18,010
Finished goods
10,665
9,149
Accrued income and prepayments
1,257
953
Burrows Pub Management Limited
Notes to the Accounts
for the year ended 28 February 2017
8
Creditors: amounts falling due within one year
2017
2016
Trade creditors
43,068
36,299
Taxes and social security
63,853
62,121
Other creditors
7,065
51,310
Loans from directors
(59,278)
-
9
Deferred taxation
2017
2016
Accelerated capital allowances
5,199
3,603
Provision at start of year
3,603
4,112
Charged/(credited) to the profit and loss account
1,596
(509)
Provision at end of year
5,199
3,603
Allotted, called up and fully paid:
2 Ordinary shares of £1 each
2
2
Brought
Forward
Advance/
credit
Repaid
Carried
Forward
Loan Balance
(22,221)
51,859
-
29,638
Loan Balance
(22,221)
51,859
-
29,638
The company has charged the Directors interest at 3% on outstanding loan balances.
12
Average number of employees
During the year the average number of employees was 22 (2016: 20).
