Vicars Game Limited - Accounts to registrar (filleted) - small 18.2
Vicars Game Limited - Accounts to registrar (filleted) - small 18.2
| REGISTERED NUMBER: |
| Financial Statements for the Year Ended 30 June 2018 |
| for |
| Vicars Game Limited |
| Vicars Game Limited (Registered number: 03032636) |
| Contents of the Financial Statements |
| for the Year Ended 30 June 2018 |
| Page |
| Company Information | 1 |
| Statement of Financial Position | 2 |
| Notes to the Financial Statements | 4 |
| Vicars Game Limited |
| Company Information |
| for the Year Ended 30 June 2018 |
| DIRECTORS: |
| SECRETARY: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| Chartered Accountants |
| 4 Reading Road |
| Pangbourne |
| Reading |
| Berkshire |
| RG8 7LY |
| BANKERS: |
| Brunel House |
| 17/27 Station Road |
| Reading |
| Berkshire |
| RG1 1LG |
| Vicars Game Limited (Registered number: 03032636) |
| Statement of Financial Position |
| 30 June 2018 |
| 2018 | 2017 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Tangible assets | 4 |
| CURRENT ASSETS |
| Stocks |
| Debtors | 5 |
| Cash at bank and in hand |
| CREDITORS |
| Amounts falling due within one year | 6 |
| NET CURRENT ASSETS |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| CREDITORS |
| Amounts falling due after more than one year |
7 |
( |
) |
( |
) |
| PROVISIONS FOR LIABILITIES | 10 | ( |
) | ( |
) |
| NET ASSETS |
| CAPITAL AND RESERVES |
| Called up share capital |
| Retained earnings |
| SHAREHOLDERS' FUNDS |
| 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. |
| Vicars Game Limited (Registered number: 03032636) |
| Statement of Financial Position - continued |
| 30 June 2018 |
| In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
| The financial statements were approved by the Board of Directors on its behalf by: |
| Vicars Game Limited (Registered number: 03032636) |
| Notes to the Financial Statements |
| for the Year Ended 30 June 2018 |
| 1. | STATUTORY INFORMATION |
| Vicars Game Limited is a |
| 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 |
| 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 |
| Improvements to property | - |
| Plant and machinery | - |
| Fixtures and fittings | - |
| Motor vehicles | - |
| Computer equipment | - |
| 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 statement of financial position date. |
| Deferred tax |
| Deferred tax is recognised in respect of all timing differences that have originated but not reversed at |
| the statement of financial position 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. |
| Vicars Game Limited (Registered number: 03032636) |
| Notes to the Financial Statements - continued |
| for the Year Ended 30 June 2018 |
| 2. | ACCOUNTING POLICIES - continued |
| Hire purchase and leasing commitments |
| Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. |
| Those held under hire purchase contracts are depreciated over their estimated useful lives. Those |
| held under finance leases are depreciated over their estimated useful lives or the lease term, |
| whichever is the shorter. |
| The interest element of these obligations is charged to profit or loss over the relevant period. The |
| capital element of the future payments is treated as a liability. |
| 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 |
| 4. | TANGIBLE FIXED ASSETS |
| Improvements | Fixtures |
| to | Plant and | and |
| property | machinery | fittings |
| £ | £ | £ |
| COST |
| At 1 July 2017 |
| Additions |
| Disposals | ( |
) |
| At 30 June 2018 |
| DEPRECIATION |
| At 1 July 2017 |
| Charge for year |
| Eliminated on disposal | ( |
) |
| At 30 June 2018 |
| NET BOOK VALUE |
| At 30 June 2018 |
| At 30 June 2017 |
| Vicars Game Limited (Registered number: 03032636) |
| Notes to the Financial Statements - continued |
| for the Year Ended 30 June 2018 |
| 4. | TANGIBLE FIXED ASSETS - continued |
| Motor | Computer |
| vehicles | equipment | Totals |
| £ | £ | £ |
| COST |
| At 1 July 2017 |
| Additions |
| Disposals | ( |
) | ( |
) | ( |
) |
| At 30 June 2018 |
| DEPRECIATION |
| At 1 July 2017 |
| Charge for year |
| Eliminated on disposal | ( |
) | ( |
) | ( |
) |
| At 30 June 2018 |
| NET BOOK VALUE |
| At 30 June 2018 |
| At 30 June 2017 |
| Fixed assets, included in the above, which are held under hire purchase contracts are as follows: |
| Motor |
| vehicles |
| £ |
| COST |
| At 1 July 2017 |
| Additions |
| Transfer to ownership | (78,023 | ) |
| At 30 June 2018 |
| DEPRECIATION |
| At 1 July 2017 |
| Charge for year |
| Transfer to ownership | (30,156 | ) |
| At 30 June 2018 |
| NET BOOK VALUE |
| At 30 June 2018 |
| At 30 June 2017 |
| Vicars Game Limited (Registered number: 03032636) |
| Notes to the Financial Statements - continued |
| for the Year Ended 30 June 2018 |
| 5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2018 | 2017 |
| £ | £ |
| Trade debtors |
| Other debtors |
| Directors' current accounts |
| Tax |
| VAT |
| Prepayments and accrued income |
| 6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2018 | 2017 |
| £ | £ |
| Hire purchase contracts (see note 8) |
| Trade creditors |
| Tax |
| Social security and other taxes |
| Other creditors |
| Accrued expenses |
| 7. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
| 2018 | 2017 |
| £ | £ |
| Hire purchase contracts (see note 8) |
| 8. | LEASING AGREEMENTS |
| Minimum lease payments fall due as follows: |
| Hire purchase |
| contracts |
| 2018 | 2017 |
| £ | £ |
| Net obligations repayable: |
| Within one year |
| Between one and five years |
| Non-cancellable |
| operating leases |
| 2018 | 2017 |
| £ | £ |
| Within one year |
| Between one and five years |
| Vicars Game Limited (Registered number: 03032636) |
| Notes to the Financial Statements - continued |
| for the Year Ended 30 June 2018 |
| 8. | LEASING AGREEMENTS - continued |
| The lease on the property occupied by the company is secured by the personal guarantee of A D |
| Hayward, a director. |
| 9. | SECURED DEBTS |
| Bank loans and overdrafts are secured by a debenture over the assets of the company and by the |
| personal guarantee of A D Hayward, a director. |
| The amounts included in obligations under finance leases and hire purchase contracts are secured |
| over the assets to which they relate. |
| 10. | PROVISIONS FOR LIABILITIES |
| 2018 | 2017 |
| £ | £ |
| Deferred taxation provision | 90,441 | 94,621 |
| Deferred |
| tax |
| £ |
| Balance at 1 July 2017 |
| Accelerated capital allowances | (4,180 | ) |
| Balance at 30 June 2018 |
| 11. | DIRECTORS' ADVANCES, CREDITS AND GUARANTEES |
| At the 30 June 2018, a director and participator jointly owed the company £97,308 (2017 : £202,389). |
| During the year advances of £97,989 and repayments of £203,070 were made with the director of the |
| company.There were no set repayment terms on the loans and the amounts were provided interest |
| free. The maximum amount outstanding during the year was £287,760. |
| At the 30 June 2018, a director and participator jointly owed the company 23,602 (2017 : £55,104). |
| During the year advances of £24,498 and repayment of £56,000 were made with the director of the |
| company.There were no set repayment terms on the loans and the amounts were provided interest |
| free. The maximum amount outstanding during the year was £78,485. |
| 12. | RELATED PARTY DISCLOSURES |
| The directors and participators in the above note are A D Hayward & Mrs E Hayward and O P Hayward |
| & Mrs S Hayward respectively. |
| As at 30 June 2018 Vicars Game Properties Ltd, a company A D Hayward and O P Hayward are |
| Directors of, owed the company £672,769. This loan is interest free and repayable on demand. The |
| maximum amount outstanding was £672,769. |