City Arms Ltd

City Arms Ltd

CITY ARMS LTD - Company Information

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Company Registration No. 9775282 (England and Wales)
City Arms Ltd Unaudited accounts for the year ended 31 March 2018
City Arms Ltd Unaudited accounts Contents
Page
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City Arms Ltd Company Information for the year ended 31 March 2018
Director
Michael Dunne
Company Number
9775282 (England and Wales)
Registered Office
MELBOURNE HOUSE 36 CHAMBERLAIN STREET WELLS SOMERSET BA5 2PJ UNITED KINGDOM
Accountants
BMG Accountancy Services 98 Shaftgate Avenue Shepton Mallet Somerset BA4 5YQ
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City Arms Ltd Accountants' report
Accountants' report to the director of City Arms Ltd on the preparation of the unaudited statutory accounts for the year ended 31 March 2018
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of City Arms Ltd for the year ended 31 March 2018 as set out on pages 5 - 7 from the company's accounting records and from information and explanations you have given us.
This report is made solely to the Board of Directors of City Arms Ltd, as a body, in accordance with the terms of our engagement letter dated 7 June 2017. Our work has been undertaken solely to prepare for your approval the accounts of City Arms Ltd and state those matters that we have agreed to state to them, as a body, in this report. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than City Arms Ltd and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that City Arms Ltd has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and loss of City Arms Ltd. You consider that City Arms Ltd is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of City Arms Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.
BMG Accountancy Services 98 Shaftgate Avenue Shepton Mallet Somerset BA4 5YQ 18 June 2018
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City Arms Ltd Statement of financial position as at 31 March 2018
2018 
2017 
Notes
£ 
£ 
Fixed assets
Tangible assets
4
18,232 
27,348 
Current assets
Inventories
5
7,136 
4,699 
Debtors
6
790 
573 
Cash at bank and in hand
6,511 
4,521 
14,437 
9,793 
Creditors: amounts falling due within one year
7
(197,726)
(158,967)
Net current liabilities
(183,289)
(149,174)
Net liabilities
(165,057)
(121,826)
Capital and reserves
Called up share capital
1 
1 
Profit and loss account
(165,058)
(121,827)
Shareholders' funds
(165,057)
(121,826)
For the year ending 31 March 2018 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
Approved by the Board on 18 June 2018.
Michael Dunne Director Company Registration No. 9775282
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City Arms Ltd Notes to the Accounts for the year ended 31 March 2018
1
Statutory information
City Arms Ltd is a private company, limited by shares, registered in England and Wales, registration number 9775282. The registered office is MELBOURNE HOUSE, 36 CHAMBERLAIN STREET, WELLS, SOMERSET, BA5 2PJ, UNITED KINGDOM.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
These financial statements for the year ended 31 March 2018 are the first financial statements that comply with FRS 102 Section 1A Small Entities. The date of transition is 1 April 2016. The transition to FRS 102 Section 1A Small Entities has resulted in a small number of changes in accounting policies to those used previously. The nature of these changes and their impact on opening equity and profit for the comparative period are explained in the notes below.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
4
Tangible fixed assets
Fixtures & fittings 
£ 
Cost or valuation
At cost 
At 1 April 2017
44,443 
At 31 March 2018
44,443 
Depreciation
At 1 April 2017
17,095 
Charge for the year
9,116 
At 31 March 2018
26,211 
Net book value
At 31 March 2018
18,232 
At 31 March 2017
27,348 
5
Inventories
2018 
2017 
£ 
£ 
Raw materials
7,136 
4,699 
7,136 
4,699 
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City Arms Ltd Notes to the Accounts for the year ended 31 March 2018
6
Debtors
2018 
2017 
£ 
£ 
Trade debtors
790 
573 
7
Creditors: amounts falling due within one year
2018 
2017 
£ 
£ 
Trade creditors
4,716 
10,644 
Taxes and social security
7,975 
5,914 
Loans from directors
185,035 
142,409 
197,726 
158,967 
8
Average number of employees
During the year the average number of employees was 10 (2017: 10).
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