Brandhall Labour Club Limited - Accounts to registrar (filleted) - small 18.1
Brandhall Labour Club Limited - Accounts to registrar (filleted) - small 18.1
| REGISTERED NUMBER: |
| FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 NOVEMBER 2017 |
| FOR |
| BRANDHALL LABOUR CLUB LIMITED |
| BRANDHALL LABOUR CLUB LIMITED (REGISTERED NUMBER: 00752686) |
| CONTENTS OF THE FINANCIAL STATEMENTS |
| for the Year Ended 30 November 2017 |
| Page |
| Company Information | 1 |
| Balance Sheet | 2 |
| Notes to the Financial Statements | 3 |
| BRANDHALL LABOUR CLUB LIMITED |
| COMPANY INFORMATION |
| for the Year Ended 30 November 2017 |
| DIRECTORS: |
| SECRETARY: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| SENIOR STATUTORY AUDITOR: |
| AUDITORS: |
| Statutory Auditors |
| Logistics House |
| 1325a Stratford Road |
| Hall Green |
| Birmingham |
| B28 9HH |
| BRANDHALL LABOUR CLUB LIMITED (REGISTERED NUMBER: 00752686) |
| BALANCE SHEET |
| 30 November 2017 |
| 2017 | 2016 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Tangible assets | 4 |
| CURRENT ASSETS |
| Stocks |
| Debtors | 5 |
| Prepayments and accrued income |
| Cash at bank and in hand |
| CREDITORS |
| Amounts falling due within one year | 6 |
| NET CURRENT (LIABILITIES)/ASSETS | ( |
) |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| CREDITORS |
| Amounts falling due after more than one year |
7 |
| NET ASSETS |
| CAPITAL AND RESERVES |
| Called up share capital |
| Retained earnings |
| SHAREHOLDERS' FUNDS |
| 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 |
| BRANDHALL LABOUR CLUB LIMITED (REGISTERED NUMBER: 00752686) |
| NOTES TO THE FINANCIAL STATEMENTS |
| for the Year Ended 30 November 2017 |
| 1. | STATUTORY INFORMATION |
| Brandhall Labour Club Limited is a |
| 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 |
| Turnover |
| The club's turnover represents the value, excluding value added tax, of bar goods and catering sold during the |
| year. |
| Tangible fixed assets |
| Freehold property | - |
| Property improvements | - |
| Smoking shelter | - |
| Car park extension | - |
| Snooker room improvements | - |
| Fixtures and fittings | - |
| No depreciation has been provided in respect of the freehold property and the car park extension as the directors |
| are of the opinion that their residual value is at least equal to the net book value shown in the accounts. As a |
| result the corresponding depreciation would not be material and therefore it is not charged in the profit and loss |
| account. |
| Stocks |
| Stocks are valued at the lower of cost and net realisable value by an independent stocktaker. |
| 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. |
| BRANDHALL LABOUR CLUB LIMITED (REGISTERED NUMBER: 00752686) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| for the Year Ended 30 November 2017 |
| 3. | EMPLOYEES AND DIRECTORS |
| The average number of employees during the year was |
| 4. | TANGIBLE FIXED ASSETS |
| Freehold | Property | Smoking |
| property | improvements | shelter |
| £ | £ | £ |
| COST |
| At 1 December 2016 |
| Additions |
| At 30 November 2017 |
| DEPRECIATION |
| At 1 December 2016 |
| Charge for year |
| At 30 November 2017 |
| NET BOOK VALUE |
| At 30 November 2017 |
| At 30 November 2016 |
| Snooker | Fixtures |
| Car park | room | and |
| extension | improvements | fittings | Totals |
| £ | £ | £ | £ |
| COST |
| At 1 December 2016 |
| Additions |
| At 30 November 2017 |
| DEPRECIATION |
| At 1 December 2016 |
| Charge for year |
| At 30 November 2017 |
| NET BOOK VALUE |
| At 30 November 2017 |
| At 30 November 2016 |
| 5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2017 | 2016 |
| £ | £ |
| Other debtors |
| BRANDHALL LABOUR CLUB LIMITED (REGISTERED NUMBER: 00752686) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| for the Year Ended 30 November 2017 |
| 6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2017 | 2016 |
| £ | £ |
| Trade creditors |
| Taxation and social security |
| Other creditors |
| 7. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
| 2017 | 2016 |
| £ | £ |
| Other creditors |
| 8. | LEASING AGREEMENTS |
| Minimum lease payments under non-cancellable operating leases fall due as follows: |
| 2017 | 2016 |
| £ | £ |
| Within one year |
| Between one and five years |
| 9. | DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006 |
| The Report of the Auditors was unqualified. |
| for and on behalf of |
| 10. | GOING CONCERN |
| The accounts have been prepared on a going concern basis. The club made a loss of £19,227 during the year and |
| trading subsequent to 30 November 2017 has been difficult. The directors are committed to support the working |
| capital requirements of the club for the period of 12 months from the date of approval of these financial |
| statements. |
| 11. | FIRST YEAR ADOPTION |
| This is the first year that the company has presented its financial statements under Financial Reporting Standard |
| 102 1A issued by Financial Reporting Council. The last financial statements for the year ended 30 November |
| 2016 were prepared under previous UK GAAP. The transition date to FRS 102 1A is 1 December 2015. |
| As a consequence of adopting FRS 102 1A there have been no material changes to the company's results. |