Slumgothic Limited - Accounts to registrar (filleted) - small 18.1

REGISTERED NUMBER: 05880117 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 July 2017

for

Slumgothic Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

M Hammond

Ms M E Ward-Lowery

Ms D L M Clark

D D Doughty

V F Barrett

SECRETARY:

Mrs H E Hammond

REGISTERED OFFICE:

The Shooting Lodge

Scotter Road

Laughton

Gainsborough

Lincolnshire

DN21 3PT

REGISTERED NUMBER:

05880117 (England and Wales)

ACCOUNTANTS:

ABC Accounting Services

Flexadux House

Grange Road

Corringham Rd. Ind. Est.

Gainsborough

Lincolnshire

DN21 1QB

FIXED ASSETS

Tangible assets

4

67,323

72,655

CURRENT ASSETS

Stocks

275

250

Debtors

5

555

-

Cash at bank and in hand

22,936

17,692

23,766

17,942

CREDITORS

Amounts falling due within one year

6

17,198

18,658

NET CURRENT ASSETS/(LIABILITIES)

6,568

(716

)

TOTAL ASSETS LESS CURRENT LIABILITIES

73,891

71,939

ACCRUALS AND DEFERRED INCOME

80,601

82,633

NET LIABILITIES

(6,710

)

(10,694

)

RESERVES

Income and expenditure account

(6,710

)

(10,694

)

(6,710

)

(10,694

)

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

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 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 surplus or deficit 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 15 May 2018 and were signed on its behalf by:

M Hammond - Director

1.	STATUTORY INFORMATION

Slumgothic Limited is a private company, limited by guarantee , 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.

Although the accounts show net liabilities, the director, who is the company's principal creditor has given

assurances that he will not seek repayment of his loan unless the company is financially able to afford it.

Turnover

The company's turnover represents sales from its café, fees and subscriptions. The company is not vat registered.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Landlord property improvements

-

10% on cost

Plant and machinery

-

10% on cost

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 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.In light of the small amount involved no provision has been made in the accounts.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 .

4.	TANGIBLE FIXED ASSETS

Landlord

property

Plant and

Computer

improvements

machinery

equipment

Totals

£

£

£

£

COST

At 1 August 2016

106,761

7,000

-

113,761

Additions

2,982

3,426

415

6,823

At 31 July 2017

109,743

10,426

415

120,584

DEPRECIATION

At 1 August 2016

39,006

2,100

-

41,106

Charge for year

10,974

1,043

138

12,155

At 31 July 2017

49,980

3,143

138

53,261

NET BOOK VALUE

At 31 July 2017

59,763

7,283

277

67,323

At 31 July 2016

67,755

4,900

-

72,655

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.7.17

31.7.16

£

£

Trade debtors

555

-

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.7.17

31.7.16

£

£

Social security and other taxes

97

117

Directors' current accounts

17,101

18,541

17,198

18,658

7.	RELATED PARTY DISCLOSURES

The company occupies premises owned by Mr M Hammond, a director of the company on a rent free basis.

At the year end date the company owed Mr Hammond £17,101, (2016,£18,541).

Mr Hammond has indicated that he will not seek repayment of this loan unless the company's finances permit.

8.	LIMITED BY GUARANTEE

The company has no share capital and is limited by guarantee.