B & M Taverns Ltd - Accounts to registrar (filleted) - small 17.3

REGISTERED NUMBER: 01943224 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 NOVEMBER 2017

FOR

B & M TAVERNS LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

B S Stafford

Mrs M Stafford

P Stafford

Mrs J L Murphy

REGISTERED OFFICE:

The Blue Lias Inn

Stockton Road, Stockton

Southam

Warwickshire

CV47 8LD

REGISTERED NUMBER:

01943224 (England and Wales)

ACCOUNTANTS:

Bernard Rogers & Co

Bank Gallery

High Street

Kenilworth

Warwickshire

CV8 1LY

FIXED ASSETS

Tangible assets

4

67,767

79,251

CURRENT ASSETS

Stocks

5,623

6,227

Debtors

5

5,225

7,958

Cash at bank and in hand

45,544

64,501

56,392

78,686

CREDITORS

Amounts falling due within one year

6

117,969

148,081

NET CURRENT LIABILITIES

(61,577

)

(69,395

)

TOTAL ASSETS LESS CURRENT LIABILITIES

6,190

9,856

PROVISIONS FOR LIABILITIES

12,288

-

NET (LIABILITIES)/ASSETS

(6,098

)

9,856

CAPITAL AND RESERVES

Called up share capital

2

2

Retained earnings

(6,100

)

9,854

SHAREHOLDERS' FUNDS

(6,098

)

9,856

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 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 9 January 2018 and were signed on its behalf by:

B S Stafford - Director

1.	STATUTORY INFORMATION

B & M Taverns 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 etc

-

25% on reducing balance, 15% on reducing balance and 10% 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.

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.

Going concern

The financial statements are prepared on a going concern basis. This assumes that the company will continue in

operational existence for the foreseeable future, due to the continued support of its directors.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 25 .

4.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

COST

At 1 December 2016

158,683

208,686

367,369

Additions

-

2,155

2,155

At 30 November 2017

158,683

210,841

369,524

DEPRECIATION

At 1 December 2016

152,003

136,115

288,118

Charge for year

5,685

7,954

13,639

At 30 November 2017

157,688

144,069

301,757

NET BOOK VALUE

At 30 November 2017

995

66,772

67,767

At 30 November 2016

6,680

72,571

79,251

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

£

Other debtors

5,225

7,958

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

£

Trade creditors

12,393

15,110

Taxation and social security

11,380

14,752

Other creditors

94,196

118,219

117,969

148,081

7.	RELATED PARTY DISCLOSURES

Included in other creditors are loans made to the Company by the Directors totalling £91,336 (£111,421 as at 30

November 2016).

Going concern

The financial statements are prepared on a going concern basis. This assumes that the company will continue in

operational existence for the foreseeable future, due to the continued support of its directors.

8.	ULTIMATE CONTROLLING PARTY

The controlling party is Mr B & Mrs M Stafford.