Pauls Bacon (Great Yarmouth) Limited - Accounts to registrar (filleted) - small 18.1

REGISTERED NUMBER: 04221169 (England and Wales)

Unaudited Financial Statements for the Year Ended 30 November 2017

for

Pauls Bacon (Great Yarmouth) Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

P Betts

L J Betts

REGISTERED OFFICE:

2 Kitchener Road

Great Yarmouth

Norfolk

NR30 4HU

REGISTERED NUMBER:

04221169 (England and Wales)

ACCOUNTANTS:

East Coast Accounting Services Limited

293 El Alamein Way

Bradwell

Norfolk

NR31 8TX

FIXED ASSETS

Tangible assets

4

2,288

3,533

CURRENT ASSETS

Stocks

3,500

3,500

Debtors

5

3,099

2,852

Cash at bank and in hand

46,333

50,271

52,932

56,623

CREDITORS

Amounts falling due within one year

6

18,577

14,951

NET CURRENT ASSETS

34,355

41,672

TOTAL ASSETS LESS CURRENT LIABILITIES

36,643

45,205

PROVISIONS FOR LIABILITIES

673

919

NET ASSETS

35,970

44,286

CAPITAL AND RESERVES

Called up share capital

2

2

Retained earnings

35,968

44,284

SHAREHOLDERS' FUNDS

35,970

44,286

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 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 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors on 2 August 2018 and were signed on its behalf by:

P Betts - Director

1.	STATUTORY INFORMATION

Pauls Bacon (Great Yarmouth) 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.

Plant and machinery etc

-

33% on cost

Motor vehicles 25% reducing balance

Fixtures and fittings 25% reducing balance

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 3 .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 December 2016

57,310

Additions

351

At 30 November 2017

57,661

DEPRECIATION

At 1 December 2016

53,777

Charge for year

1,596

At 30 November 2017

55,373

NET BOOK VALUE

At 30 November 2017

2,288

At 30 November 2016

3,533

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.11.17

30.11.16

£

£

Trade debtors

2,000

2,000

Other debtors

1,099

852

3,099

2,852

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.11.17

30.11.16

£

£

Trade creditors

12,083

11,044

Taxation and social security

(397

)

414

Other creditors

6,891

3,493

18,577

14,951

7.	RELATED PARTY DISCLOSURES

During the year the company operated an interest free loan with the director. At the year end the company owed the

director £5,966 (2016 £2,518) This is repayable on demand.

The company paid dividends of £nil (2016 £2000) to Mr Betts