Help Out Mill Restaurant Limited - Accounts to registrar (filleted) - small 18.1

REGISTERED NUMBER: 07703926 (England and Wales)

Unaudited Financial Statements

for the Period 1 August 2016 to 31 October 2017

for

Help Out Mill Restaurant Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

P A Young

REGISTERED OFFICE:

Top House Farm

Heather Lane Shackerstone

Nuneaton

Warwickshire

CV13 0BT

REGISTERED NUMBER:

07703926 (England and Wales)

ACCOUNTANTS:

Geoff Cowley & Co Ltd

Willow Park

Upton Lane

Stoke Golding

Nuneaton

Warwickshire

CV13 6EU

FIXED ASSETS

Intangible assets

4

-

1,383

Tangible assets

5

-

4,592

-

5,975

CURRENT ASSETS

Stocks

-

1,502

Debtors

6

-

294

Cash at bank and in hand

58

8,099

58

9,895

CREDITORS

Amounts falling due within one year

7

58

733

NET CURRENT ASSETS

-

9,162

TOTAL ASSETS LESS CURRENT LIABILITIES

-

15,137

CREDITORS

Amounts falling due after more than one year

8

-

(19,814

)

PROVISIONS FOR LIABILITIES

-

(918

)

NET LIABILITIES

-

(5,595

)

CAPITAL AND RESERVES

Called up share capital

22

22

Retained earnings

(22

)

(5,617

)

SHAREHOLDERS' FUNDS

-

(5,595

)

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

The members have not required the company to obtain an audit of its financial statements for the period ended 31 October 2017 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director on 27 June 2018 and were signed by:

P A Young - Director

1.	STATUTORY INFORMATION

Help Out Mill Restaurant 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.

The director considers it appropriate to prepare the financial statements on the going concern basis. The

company is expected to continue to make profits in future years and the director and shareholders have

confirmed that they will continue to provide financial support to the company for the foreseeable future.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates,

value added tax and other sales taxes.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 0, is being amortised evenly over its estimated useful life of nil years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost

less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets

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

Plant and machinery

-

25% on reducing balance

Fixtures and fittings

-

25% on reducing balance

Stocks

Stock is valued at the lower of cost and Net Realisable Value

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 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 period 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 period was NIL.

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 August 2016

2,768

Disposals

(2,768

)

At 31 October 2017

-

AMORTISATION

At 1 August 2016

1,385

Eliminated on disposal

(1,385

)

At 31 October 2017

-

NET BOOK VALUE

At 31 October 2017

-

At 31 July 2016

1,383

5.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

machinery

fittings

Totals

£

£

£

COST

At 1 August 2016

7,484

5,880

13,364

Disposals

(7,484

)

(5,880

)

(13,364

)

At 31 October 2017

-

-

-

DEPRECIATION

At 1 August 2016

4,786

3,986

8,772

Eliminated on disposal

(4,786

)

(3,986

)

(8,772

)

At 31 October 2017

-

-

-

NET BOOK VALUE

At 31 October 2017

-

-

-

At 31 July 2016

2,698

1,894

4,592

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.10.17

31.7.16

£

£

Other debtors

-

294

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.10.17

31.7.16

£

£

Bank loans and overdrafts

5

-

Other creditors

53

733

58

733

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.10.17

31.7.16

£

£

Other creditors

-

19,814

9.	ULTIMATE CONTROLLING PARTY

The controlling party is P A Young.