Langtree Pub & Kitchens Limited,Ltd - AccountsLtd - Accounts

Langtree Pub & Kitchens Limited,Ltd - AccountsLtd - Accounts

LANGTREE HOLDINGS LTD - Company Information

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Langtree Pub & Kitchens Limited
Registered Number:08872384
For the year ended 31 July 2017
England and Wales
Unaudited Financial Statements
2
For the year ended 31 July 2017
Langtree Pub & Kitchens Limited
Contents Page
1
Statement of Financial Position
2 to 5
Notes to the Financial Statements
3
As at 31 July 2017
Langtree Pub & Kitchens Limited
Statement of Financial Position
Registered Number :
08872384
£
£
2016
2017
Notes
Fixed assets
Property, plant and equipment
61,171
74,281
2
61,171
74,281
Current assets
Inventories
8,400
11,500
3
Trade and other receivables
17,033
98,390
4
124,552
Cash and cash equivalents
217,471
327,361
149,985
Trade and other payables: amounts falling due within one year
(78,747)
(156,650)
5
71,238
170,711
Net current assets
Total assets less current liabilities
231,882
145,519
Trade and other payables: amounts falling due after more than
one year
-
(60,070)
6
(16,600)
-
Provisions for liabilities
155,212
Net assets
145,519
Capital and reserves
Called up share capital
856
856
Share premium account
149,744
149,744
Retained earnings
4,612
(5,081)
155,212
145,519
Shareholders' funds
For the year ended 31 July 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 of its financial statements for the year ended 31 July 2017 in accordance with Section 476 of the Companies Act 2006
The directors acknowledge their responsibilities for:a) ensuring that the company keeps proper 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 Section 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.
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.
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.
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4
For the year ended 31 July 2017
Langtree Pub & Kitchens Limited
Statement of Financial Position Continued
J Ainsworth Director
These financial statements were approved and authorised for issue by the Board on 19 February 2018 and were signed by:
The notes form part of these financial statements
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5
For the year ended 31 July 2017
Langtree Pub & Kitchens Limited
Notes to the Financial Statements
Statutory Information
Langtree Pub & Kitchens Limited is a private limited company, limited by shares, domiciled in England and Wales, registration
number 08872384.
Registered address:
The Boathouse
Mill Lane
Appley Bridge
WN6 9DA
The presentation currency is £ sterling.
1. Accounting policies
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A 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 costs convention as modified by the revaluation of certain
assets.
Revenue recognition
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Property, plant and equipment
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Plant and machinery
25% Straight line
33% Straight line
Computer equipment
20% Straight line
Fixtures and fittings
Government grants
Government grants received are credited to deferred income. Grants towards capital expenditure are released to the profit and loss account over the expected useful life of the assets. Grants received towards revenue expenditure are released to the profit and loss account as the related expenditure is incurred.
Inventories
Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.
Hire purchase and leasing commitments
The finance element of the rental payment is charged to the profit and loss account on a straight line basis.
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6
For the year ended 31 July 2017
Langtree Pub & Kitchens Limited
Notes to the Financial Statements Continued
2. Property, plant and equipment
Total
Computer
equipment
Fixtures and
fittings
Plant and
machinery
£
£
£
£
Cost or valuation
At 01 August 2016
118,670
1,833
116,408
429
7,402
405
6,997
-
Additions
(141)
(5,044)
-
Disposals
(5,185)
At 31 July 2017
429
118,361
2,097
120,887
Provision for depreciation and impairment
At 01 August 2016
44,389
578
43,727
84
Charge for year
20,512
557
19,886
69
(5,185)
(141)
(5,044)
-
On disposal
At 31 July 2017
59,716
994
58,569
153
At 31 July 2017
Net book value
276
59,792
1,103
61,171
At 31 July 2016
345
72,681
1,255
74,281
3. Inventories
2016
2017
£
£
Stocks
11,500
8,400
4. Trade and other receivables
2016
2017
£
£
Trade debtors
7,300
7,958
Other debtors
91,090
9,075
17,033
98,390
The debtors above include the following amounts falling due after more than one year:
Other debtors
51,856
-
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7
For the year ended 31 July 2017
Langtree Pub & Kitchens Limited
Notes to the Financial Statements Continued
5. Trade and other payables: amounts falling due within one year
2016
2017
£
£
Bank loans and overdraft
23,381
2
Trade creditors
52,348
33,395
Taxation and social security
48,307
23,996
Other creditors
32,614
21,354
156,650
78,747
6. Trade and other payables: amounts falling due after more than one year
2016
2017
£
£
Bank loans and overdraft
60,070
-
7. Related party transactions
Langtree Property Ltd, a company who the directors are material shareholders, entered a loan arrangement at arms length,
the amount outstanding is £, 82,015
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