Crab and Cask Limited Company Accounts
Crab and Cask Limited Company Accounts
COMPANY REGISTRATION NUMBER:
01358890
|
|
|
|
Financial Statements |
Year ended 31 March 2018
Contents |
Page |
Statement of financial position |
1 |
Notes to the financial statements |
3 |
|
Statement of Financial Position |
2018 |
2017 |
||
Note |
£ |
£ |
£ |
Fixed assets
Tangible assets |
5 |
|
|
|
Current assets
Stocks |
|
|
||
Debtors |
6 |
|
|
|
Cash at bank and in hand |
|
|
||
------- |
------- |
|||
|
|
|||
Creditors: amounts falling due within one year |
7 |
|
|
|
-------- |
-------- |
|||
Net current liabilities |
|
|
||
------- |
------- |
|||
Total assets less current liabilities |
(
|
(
|
||
Creditors: amounts falling due after more than one year |
8 |
|
|
|
------- |
------- |
|||
Net liabilities |
(
|
(
|
||
------- |
------- |
|||
|
Statement of Financial Position (continued) |
2018 |
2017 |
||
Note |
£ |
£ |
£ |
Capital and reserves
Called up share capital |
|
|
|
Profit and loss account |
(
|
(
|
|
--------- |
--------- |
||
Shareholders deficit |
(
|
(
|
|
--------- |
--------- |
||
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
Directors' responsibilities:
-
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476
;
-
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements
.
These financial statements were approved by the
board of directors
and authorised for issue on
27 July 2018
, and are signed on behalf of the board by:
|
|
Director |
Director |
Company registration number:
01358890
|
Notes to the Financial Statements |
Year ended 31 March 2018
1.
General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Midway House, Herrick Way, Staverton Technology Park, Cheltenham, Gloucestershire, GL51 6TQ.
2.
Statement of compliance
3.
Accounting policies
Basis of preparation
Going concern
Revenue recognition
Tangible assets
Depreciation
Depreciation is calculated so as to write off the cost of an asset, less its residual value, over the useful economic life of that asset as follows:
Leasehold improvements |
- |
equal instalments over the period of the lease |
|
Fixtures, fittings and equipment |
- |
25% and 40% per annum of the reducing balance |
|
Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.
Stocks
4.
Employee numbers
The average number of persons employed by the company during the year amounted to
9
(2017:
9
).
5.
Tangible assets
Leasehold improvements |
Fixtures, fittings and equipment |
Total |
|
£ |
£ |
£ |
|
Cost |
|||
At 1 April 2017 |
|
|
|
Additions |
– |
|
|
Disposals |
– |
(
|
(
|
-------- |
-------- |
-------- |
|
At 31 March 2018 |
|
|
|
-------- |
-------- |
-------- |
|
Depreciation |
|||
At 1 April 2017 |
|
|
|
Charge for the year |
– |
|
|
Disposals |
– |
(
|
(
|
-------- |
-------- |
-------- |
|
At 31 March 2018 |
|
|
|
-------- |
-------- |
-------- |
|
Carrying amount |
|||
At 31 March 2018 |
– |
|
|
-------- |
-------- |
-------- |
|
At 31 March 2017 |
– |
|
|
-------- |
-------- |
-------- |
|
6.
Debtors
2018 |
2017 |
|
£ |
£ |
|
Other debtors |
|
|
------- |
------- |
|
7.
Creditors:
amounts falling due within one year
2018 |
2017 |
|
£ |
£ |
|
Bank overdraft |
|
|
Trade creditors |
|
|
Social security and other taxes |
|
|
Other creditors |
|
|
-------- |
-------- |
|
|
|
|
-------- |
-------- |
|
The bank overdraft is secured by a fixed and floating charge over the company's assets.
8.
Creditors:
amounts falling due after more than one year
2018 |
2017 |
|
£ |
£ |
|
Other creditors |
|
|
------- |
------- |
|
9.
Financial commitments
At the balance sheet date the company had future commitments under an operating lease of £91,667 (2017 - £111,667).
10.
Related party transactions
During the year the company paid rent of £15,000 (2017 - £11,000) to the directors for its trading premises. At the reporting date the company owed £1,168 (2017 - £688) to the directors on their loan accounts. No interest has been charged by the directors on these loans.