P & S Carter Pubs Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 04731933 (England and Wales)

Unaudited Financial Statements for the Year Ended 30 April 2018

for

P & S Carter Pubs Limited

Page

Company Information

1

Chartered Accountants' Report

2

Balance Sheet

3

Notes to the Financial Statements

5

DIRECTORS:

Mrs S A Carter

P S Carter

SECRETARY:

Mrs S A Carter

REGISTERED OFFICE:

15 Wheeler Gate

C/o Insight

Nottingham

Nottinghamshire

NG1 2NA

REGISTERED NUMBER:

04731933 (England and Wales)

ACCOUNTANTS:

John Chappelle

15 Wheeler Gate

C/o Insight

Nottingham

Nottinghamshire

NG1 2NA

The following reproduces the text of the report prepared for the directors in respect of the company's annual

unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file

a Balance Sheet. Readers are cautioned that the Statement of Comprehensive Income and certain other primary

statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the

financial statements of P & S Carter Pubs Limited for the year ended 30 April 2018 which comprise the Statement of

Comprehensive Income, Balance Sheet, Statement of Changes in Equity and the related notes from the company's

accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of P & S Carter Pubs Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of P & S Carter Pubs Limited and state those matters that we have agreed to state to the Board of Directors of P & S Carter Pubs Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than P & S Carter Pubs Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that P & S Carter Pubs Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of P & S Carter Pubs Limited. You consider that P & S Carter Pubs Limited 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 financial statements of P & S Carter Pubs Limited. 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 financial statements.

John Chappelle

15 Wheeler Gate

C/o Insight

Nottingham

Nottinghamshire

NG1 2NA

23 October 2018

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

18,699

17,890

18,699

17,890

CURRENT ASSETS

Stocks

6

17,500

17,500

Debtors

7

23,697

56,575

Cash at bank

40,864

58,099

82,061

132,174

CREDITORS

Amounts falling due within one year

8

47,802

101,930

NET CURRENT ASSETS

34,259

30,244

TOTAL ASSETS LESS CURRENT LIABILITIES

52,958

48,134

PROVISIONS FOR LIABILITIES

1,553

995

NET ASSETS

51,405

47,139

CAPITAL AND RESERVES

Called up share capital

10

1,000

1,000

Retained earnings

11

50,405

46,139

SHAREHOLDERS' FUNDS

51,405

47,139

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2018 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 Comprehensive Income has not been delivered.

The financial statements were approved by the Board of Directors on 23 October 2018 and were signed on its behalf by:

P S Carter - Director

Mrs S A Carter - Director

1.	STATUTORY INFORMATION

P & S Carter Pubs 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.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2003, is being amortised evenly over its estimated useful life of ten years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost

less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Improvements to property

-

10% on cost

Plant and machinery

-

20% on cost

Fixtures and fittings

-

at variable rates 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 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.

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 year was 15 (2017 - 15 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 May 2017

and 30 April 2018

125,000

AMORTISATION

At 1 May 2017

and 30 April 2018

125,000

NET BOOK VALUE

At 30 April 2018

-

At 30 April 2017

-

5.	TANGIBLE FIXED ASSETS

Improvements

Fixtures

to

Plant and

and

property

machinery

fittings

Totals

£

£

£

£

COST

At 1 May 2017

95,878

8,853

90,938

195,669

Additions

-

1,295

3,788

5,083

At 30 April 2018

95,878

10,148

94,726

200,752

DEPRECIATION

At 1 May 2017

93,158

8,853

75,768

177,779

Charge for year

340

259

3,675

4,274

At 30 April 2018

93,498

9,112

79,443

182,053

NET BOOK VALUE

At 30 April 2018

2,380

1,036

15,283

18,699

At 30 April 2017

2,720

-

15,170

17,890

6.

STOCKS

30.4.18

30.4.17

£

£

Stocks

17,500

17,500

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.4.18

30.4.17

£

£

Directors' current accounts

22,501

54,718

Prepayments

1,196

1,857

23,697

56,575

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.4.18

30.4.17

£

£

Bank loans and overdrafts

16,497

20,607

Trade creditors

3,785

26,692

Tax

4,878

29,823

Social security and other taxes

5,888

5,654

VAT

9,158

7,912

Other creditors

795

601

Pension

51

-

Accrued expenses

6,750

10,641

47,802

101,930

9.	SECURED DEBTS

The following secured debts are included within creditors:

30.4.18

30.4.17

£

£

Bank overdrafts

16,497

20,607

10.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30.4.18

30.4.17

value:

£

£

1,000

Ordinary

£1

1,000

1,000

11.

RESERVES

Retained

earnings

£

At 1 May 2017

46,139

Profit for the year

24,266

Dividends

(20,000

)

At 30 April 2018

50,405

12.	TRANSACTIONS WITH DIRECTORS

The following advances and credits to directors subsisted during the years ended 30 April 2018 and

30 April 2017:

30.4.18

30.4.17

£

£

P S Carter and Mrs S A Carter

Balance outstanding at start of year

54,718

46,954

Amounts advanced

27,476

72,383

Amounts repaid

(58,934

)

(64,619

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

23,260

54,718