Keynsham Fish Bar Ltd - Accounts to registrar (filleted) - small 18.2

Keynsham Fish Bar Ltd - Accounts to registrar (filleted) - small 18.2

KEYNSHAM FISH BAR LTD - Company Information

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REGISTERED NUMBER: 04520425 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2018

for

Keynsham Fish Bar Ltd
Keynsham Fish Bar Ltd (Registered number: 04520425)






Contents of the Financial Statements
for the Year Ended 31 March 2018




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Keynsham Fish Bar Ltd

Company Information
for the Year Ended 31 March 2018







DIRECTOR: M Manaei





REGISTERED OFFICE: 3 Bath Hill
Keynsham
Bristol
Avon
BS31 1EB





REGISTERED NUMBER: 04520425 (England and Wales)





ACCOUNTANTS: Norton Accountancy Ltd
7 Soundwell Road
Staple Hill
Bristol
BS16 4QG
Page 1
Keynsham Fish Bar Ltd (Registered number: 04520425)

Balance Sheet
31 March 2018

31.3.18 31.3.17
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 40,000 48,000
Tangible assets 5 25,954 28,179
65,954 76,179

CURRENT ASSETS
Stocks 1,785 1,785
Cash at bank and in hand 9,510 12,078
11,295 13,863
CREDITORS
Amounts falling due within one year 6 21,064 22,274
NET CURRENT LIABILITIES (9,769 ) (8,411 )
TOTAL ASSETS LESS CURRENT
LIABILITIES
56,185
67,768

CREDITORS
Amounts falling due after more than one
year
7
37,125
55,199
NET ASSETS 19,060 12,569

CAPITAL AND RESERVES
Called up share capital 50 50
Retained earnings 19,010 12,519
SHAREHOLDERS' FUNDS 19,060 12,569

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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 notes form part of these financial statements

Page 2 continued...
Keynsham Fish Bar Ltd (Registered number: 04520425)

Balance Sheet - continued
31 March 2018


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 Income Statement has not been delivered.

The financial statements were approved by the director on 19 December 2018 and were signed by:





M Manaei - Director


The notes form part of these financial statements

Page 3
Keynsham Fish Bar Ltd (Registered number: 04520425)

Notes to the Financial Statements
for the Year Ended 31 March 2018

1. STATUTORY INFORMATION

Keynsham Fish Bar 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, 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 twenty 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.
Plant and machinery etc - 25% 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.

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.

Page 4 continued...
Keynsham Fish Bar Ltd (Registered number: 04520425)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2018

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 9 (2017 - 9 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2017
and 31 March 2018 160,000
AMORTISATION
At 1 April 2017 112,000
Charge for year 8,000
At 31 March 2018 120,000
NET BOOK VALUE
At 31 March 2018 40,000
At 31 March 2017 48,000

5. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 April 2017
and 31 March 2018 19,281 89,312 108,593
DEPRECIATION
At 1 April 2017 - 80,414 80,414
Charge for year - 2,225 2,225
At 31 March 2018 - 82,639 82,639
NET BOOK VALUE
At 31 March 2018 19,281 6,673 25,954
At 31 March 2017 19,281 8,898 28,179

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.18 31.3.17
£    £   
Trade creditors 5,779 6,192
Taxation and social security 11,315 12,238
Other creditors 3,970 3,844
21,064 22,274

Page 5 continued...
Keynsham Fish Bar Ltd (Registered number: 04520425)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2018

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.18 31.3.17
£    £   
Other creditors 37,125 55,199

8. RELATED PARTY DISCLOSURES

During the year, total dividends of £5,000 were paid to the director .

The company is controlled by the director by virtue of shareholding

Page 6