Lads Pub Company Limited - Limited company accounts 18.1.1

Lads Pub Company Limited - Limited company accounts 18.1.1

LADS PUB COMPANY LIMITED - Company Information

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REGISTERED NUMBER: 09068472 (England and Wales)















Report of the Directors and

Unaudited Financial Statements for the Year Ended 30 September 2017

for

Lads Pub Company Limited
Lads Pub Company Limited (Registered number: 09068472)






Contents of the Financial Statements
for the Year Ended 30 September 2017




Page

Company Information 1

Report of the Directors 2

Income Statement 3

Balance Sheet 4

Notes to the Financial Statements 5


Lads Pub Company Limited

Company Information
for the Year Ended 30 September 2017







DIRECTORS: A Pomaro
G Pomaro
S Robb





SECRETARY:





REGISTERED OFFICE: 341 Garratt Lane
Wandsworth
London
SW18 4DX





REGISTERED NUMBER: 09068472 (England and Wales)





ACCOUNTANTS: MSS Accountancy Services Ltd
103 Victoria Drive
Wimbledon
London
SW19 6PT
Page 1
Lads Pub Company Limited (Registered number: 09068472)

Report of the Directors
for the Year Ended 30 September 2017

The directors present their report with the financial statements of the company for the year ended 30 September 2017.

INCORPORATION
The company was incorporated on 3 June 2014 and commenced trading on the same date.

PRINCIPAL ACTIVITY
The principal activity of the company in the year under review was that of public house services, specifically selling
beverages and food to the public.

DIRECTORS
A Pomaro has held office during the whole of the period from 1 October 2016 to the date of this report.

Other changes in directors holding office are as follows:

D Baker - resigned 16 June 2017
G Pomaro - appointed 16 June 2017
S Robb - appointed 16 June 2017

All the directors who are eligible offer themselves for election at the forthcoming first Annual General Meeting.

This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small
companies.

ON BEHALF OF THE BOARD:





A Pomaro - Director


24 May 2018

Page 2
Lads Pub Company Limited (Registered number: 09068472)

Income Statement
for the Year Ended 30 September 2017

Notes £   

TURNOVER 689,751

Cost of sales 249,978
GROSS PROFIT 439,773

Administrative expenses 429,321
OPERATING PROFIT 4 10,452


Interest payable and similar expenses 8,225
PROFIT BEFORE TAXATION 2,227

Tax on profit -
PROFIT FOR THE FINANCIAL YEAR 2,227

The notes form part of these financial statements

Page 3
Lads Pub Company Limited (Registered number: 09068472)

Balance Sheet
30 September 2017

Notes £    £   
FIXED ASSETS
Tangible assets 5 874

CURRENT ASSETS
Stocks 7,162
Cash at bank 46,363
53,525
CREDITORS
Amounts falling due within one year 6 49,187
NET CURRENT ASSETS 4,338
TOTAL ASSETS LESS CURRENT
LIABILITIES
5,212

CREDITORS
Amounts falling due after more than one
year
7
154,381
NET LIABILITIES (149,169 )

CAPITAL AND RESERVES
Called up share capital 10
Retained earnings (149,179 )
SHAREHOLDERS' FUNDS (149,169 )

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 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 in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the Board of Directors on 24 May 2018 and were signed on its behalf by:





A Pomaro - Director


The notes form part of these financial statements

Page 4
Lads Pub Company Limited (Registered number: 09068472)

Notes to the Financial Statements
for the Year Ended 30 September 2017

1. STATUTORY INFORMATION

Lads Pub Company Limited 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.
Fixtures and fittings - 33% 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.

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.

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 year was 14 .

Page 5 continued...
Lads Pub Company Limited (Registered number: 09068472)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2017

4. OPERATING PROFIT

The operating profit is stated after charging:

£   
Depreciation - owned assets 8,244

5. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 October 2016
and 30 September 2017 19,056 5,677 24,733
DEPRECIATION
At 1 October 2016 12,175 3,440 15,615
Charge for year 6,352 1,892 8,244
At 30 September 2017 18,527 5,332 23,859
NET BOOK VALUE
At 30 September 2017 529 345 874
At 30 September 2016 6,881 2,237 9,118

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Taxation and social security 24,855
Other creditors 24,332
49,187

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
£   
Bank loans 54,381
Other creditors 100,000
154,381

Amounts falling due in more than five years:

Repayable otherwise than by instalments
Other loans more 5yrs non-inst 100,000

Page 6