Rowton Pub Company Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 10549153 (England and Wales)

Unaudited Financial Statements

for the Period

5 January 2017 to 31 January 2018

for

Rowton Pub Company Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

S D Preston

REGISTERED OFFICE:

The Pheasant

54 Market Street

Wellington

Telford

Shropshire

TF1 1DT

REGISTERED NUMBER:

10549153 (England and Wales)

ACCOUNTANTS:

Tranter Lowe (Oakengates) Limited

Chartered Accountants

International House

6 Market Street

Oakengates

Telford

Shropshire

TF2 6EF

FIXED ASSETS

Tangible assets

4

12,352

CURRENT ASSETS

Stocks

5

11,036

Debtors

6

10,117

Cash at bank and in hand

36,189

57,342

CREDITORS

Amounts falling due within one year

7

43,684

NET CURRENT ASSETS

13,658

TOTAL ASSETS LESS CURRENT LIABILITIES

26,010

PROVISIONS FOR LIABILITIES

2,347

NET ASSETS

23,663

CAPITAL AND RESERVES

Called up share capital

8

100

Retained earnings

9

23,563

SHAREHOLDERS' FUNDS

23,663

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 January 2018.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 January 2018 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director on 26 September 2018 and were signed by:

S D Preston - Director

1.	STATUTORY INFORMATION

Rowton Pub Company 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

-

15% on reducing balance

Fixtures and fittings

-

15% on reducing balance

Computer equipment

-

50% on 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 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.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension

scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the period was 12 .

4.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Computer

machinery

fittings

equipment

Totals

£

£

£

£

COST

Additions

2,950

11,438

192

14,580

At 31 January 2018

2,950

11,438

192

14,580

DEPRECIATION

Charge for period

273

1,859

96

2,228

At 31 January 2018

273

1,859

96

2,228

NET BOOK VALUE

At 31 January 2018

2,677

9,579

96

12,352

5.

STOCKS

£

Stocks

11,036

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

£

Other debtors

5,000

Prepayments

5,117

10,117

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

£

Trade creditors

18,238

Tax

4,889

Social security and other taxes

560

VAT

8,499

Directors' current accounts

9,443

Accrued expenses

2,055

43,684

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

value:

£

100

Ordinary

1

100

9.

RESERVES

The difference between the Profit and Loss Account Reserves brought forward and carried forward is the result

of the profit for the year and dividends.