Eddies Bookmakers Ltd - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 07580670 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31st December 2017

for

Eddies Bookmakers Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

L M Edwards

REGISTERED OFFICE:

2 Market Square

Narberth

PEMBS

SA67 7AU

REGISTERED NUMBER:

07580670 (England and Wales)

ACCOUNTANTS:

Ashmole & Co

Chartered Certified Accountants

Castle House

High Street

Ammanford

Carmarthenshire

SA18 2NB

FIXED ASSETS

Tangible assets

4

37,230

40,725

CURRENT ASSETS

Debtors

5

52,475

34,446

Cash at bank and in hand

19,695

21,287

72,170

55,733

CREDITORS

Amounts falling due within one year

6

54,665

65,387

NET CURRENT ASSETS/(LIABILITIES)

17,505

(9,654

)

TOTAL ASSETS LESS CURRENT LIABILITIES

54,735

31,071

PROVISIONS FOR LIABILITIES

2,875

2,928

NET ASSETS

51,860

28,143

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

51,760

28,043

SHAREHOLDERS' FUNDS

51,860

28,143

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st December 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st December 2017 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 26th November 2018 and were signed by:

L M Edwards - Director

1.	STATUTORY INFORMATION

Eddies Bookmakers Ltd 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 and rebates

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

-

2% on cost

Plant and machinery

-

15% on reducing balance

Fixtures and fittings

-

15% on reducing balance

Computer equipment

-

25% on cost

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.

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 7 (2016 - 7 ) .

4.	TANGIBLE FIXED ASSETS

Improvements

Fixtures

to

Plant and

and

Computer

property

machinery

fittings

equipment

Totals

£

£

£

£

£

COST

At 1st January 2017

9,145

55,201

20,942

5,757

91,045

Additions

-

-

1,844

-

1,844

At 31st December 2017

9,145

55,201

22,786

5,757

92,889

DEPRECIATION

At 1st January 2017

183

32,828

12,358

4,951

50,320

Charge for year

133

3,356

1,564

286

5,339

At 31st December 2017

316

36,184

13,922

5,237

55,659

NET BOOK VALUE

At 31st December 2017

8,829

19,017

8,864

520

37,230

At 31st December 2016

8,962

22,373

8,584

806

40,725

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.17

31.12.16

£

£

Trade debtors

852

693

Other debtors

51,623

33,753

52,475

34,446

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.17

31.12.16

£

£

Bank loans and overdrafts

221

-

Trade creditors

9,740

1,170

Amounts owed to participating interests

29,534

31,734

Taxation and social security

7,819

16,635

Other creditors

7,351

15,848

54,665

65,387

At the balance sheet date a fixed and floating charge exists over the company's assets held on all

bank borrowings.

7.	RELATED PARTY DISCLOSURES

The company rents a property jointly from the director and shareholders at a favourable rate.

Rentals of £4,317 were paid during the year (2016:£4,789).

At the balance sheet date a loan of £43,128 (2016:£26,118) was due to the company by one of the

shareholders. Interest at market rate has been charged on this loan.