Atlantic Inns Norfolk Ltd - Accounts to registrar (filleted) - small 17.3

REGISTERED NUMBER: 10045103 (England and Wales)

Unaudited Financial Statements

for the Period 7 March 2016 to 31 March 2017

for

Atlantic Inns Norfolk Ltd

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

3

DIRECTORS:

J Linford

R Evans

REGISTERED OFFICE:

Evolution House

Iceni Court

Delft Way

Norwich

Norfolk

NR6 6BB

REGISTERED NUMBER:

10045103 (England and Wales)

ACCOUNTANTS:

Farnell Clarke Limited

Evolution House

Delft Way

Norwich Airport

Norwich

Norfolk

NR6 6BB

FIXED ASSETS

Tangible assets

4

17,231

CURRENT ASSETS

Stocks

24,043

Debtors

5

56,297

Cash at bank

36,993

117,333

CREDITORS

Amounts falling due within one year

6

175,198

NET CURRENT LIABILITIES

(57,865

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(40,634

)

CAPITAL AND RESERVES

Called up share capital

7

150

Retained earnings

(40,784

)

SHAREHOLDERS' FUNDS

(40,634

)

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

The members have not required the company to obtain an audit of its financial statements for the period ended 31 March 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 6 December 2017 and were signed on its behalf by:

R Evans - Director

1.	STATUTORY INFORMATION

Atlantic Inns Norfolk Ltd 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

-

33% on cost

Fixtures and fittings

-

15% on reducing balance

Computer equipment

-

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.

Taxation

Taxation for the period 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.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the period was 25 .

4.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Computer

machinery

fittings

equipment

Totals

£

£

£

£

COST

Additions

4,319

12,704

2,439

19,462

At 31 March 2017

4,319

12,704

2,439

19,462

DEPRECIATION

Charge for period

1,077

670

484

2,231

At 31 March 2017

1,077

670

484

2,231

NET BOOK VALUE

At 31 March 2017

3,242

12,034

1,955

17,231

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

£

Trade debtors

4,088

Other debtors

9,730

Prepayments

42,479

56,297

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

£

Bank loans and overdrafts

28,638

Trade creditors

73,937

Social security and other taxes

8,013

Net wages control account

19,564

VAT

22,737

Other creditors

9,184

Accruals and deferred income

13,125

175,198

7.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

value:

£

50

Ordinary A

£1

50

50

Ordinary B

£1

50

50

Ordinary C

£1

50

150

The following shares were issued during the period for cash at par :

50 Ordinary C shares of £1

8.	ULTIMATE CONTROLLING PARTY

There was no controlling party in the period.