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UNAUDITED FINANCIAL STATEMENTS |
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FOR THE YEAR ENDED 31 DECEMBER 2017 |
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THE ESPLANADE FISH BAR LTD |
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REGISTERED NUMBER:
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UNAUDITED FINANCIAL STATEMENTS |
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FOR THE YEAR ENDED 31 DECEMBER 2017 |
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FOR |
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THE ESPLANADE FISH BAR LTD |
THE ESPLANADE FISH BAR LTD (REGISTERED NUMBER: 04986164) |
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CONTENTS OF THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 31 DECEMBER 2017 |
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Company Information | 1 |
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Balance Sheet | 2 |
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Notes to the Financial Statements | 4 |
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THE ESPLANADE FISH BAR LTD |
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COMPANY INFORMATION |
FOR THE YEAR ENDED 31 DECEMBER 2017 |
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DIRECTOR: |
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REGISTERED OFFICE: |
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REGISTERED NUMBER: |
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ACCOUNTANTS: |
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Chartered Accountants |
The Custom House |
The Strand |
Barnstaple |
Devon |
EX31 1EU |
THE ESPLANADE FISH BAR LTD (REGISTERED NUMBER: 04986164) |
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BALANCE SHEET |
31 DECEMBER 2017 |
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2017 | 2016 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Intangible assets | 5 |
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Tangible assets | 6 |
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CURRENT ASSETS |
Stocks |
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Debtors | 7 |
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Cash at bank |
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CREDITORS |
Amounts falling due within one year | 8 |
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NET CURRENT LIABILITIES | ( |
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TOTAL ASSETS LESS CURRENT
LIABILITIES |
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PROVISIONS FOR LIABILITIES | 9 |
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NET ASSETS |
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CAPITAL AND RESERVES |
Called up share capital | 10 |
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Retained earnings | 11 |
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SHAREHOLDERS' FUNDS |
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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 ESPLANADE FISH BAR LTD (REGISTERED NUMBER: 04986164) |
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BALANCE SHEET - continued |
31 DECEMBER 2017 |
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In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
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The financial statements were approved and authorised for issue by the director on
by: |
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THE ESPLANADE FISH BAR LTD (REGISTERED NUMBER: 04986164) |
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NOTES TO THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 31 DECEMBER 2017 |
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1. | STATUTORY INFORMATION |
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The Esplanade Fish Bar Ltd is a private company, limited by shares, registered in England and Wales. The |
company's registered number, registered office address and business address can be found on the Company |
Information page. |
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2. | STATEMENT OF COMPLIANCE |
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The accounts have been prepared in accordance with the provisions of FRS102 (Section 1A) small entities. |
There were no material departures from that standard. |
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3. | ACCOUNTING POLICIES |
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Basis of preparing the financial statements |
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The accounts have been prepared on the going concern basis. The director has considered the financial position |
of the company for the twelve months from the date of approving these financial statements and considers that |
the going concern basis is appropriate. |
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The company is dependant on the continued support of the director. |
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It is the intention of the director that the company will continue in its trading activities for a period of at least |
twelve months from the date of approval of these financial statements |
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The director, being sufficiently knowledgeable, considers that the company will be commercially able to |
continue trading in the current economic climate. |
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The financial statements are prepared in sterling which is the functional currency of the company and rounded to |
the nearest pound. |
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Turnover |
Turnover represents the amounts receivable for goods and services net of value added tax, and is derived from |
ordinary activities. |
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Goodwill |
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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. |
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Tangible fixed assets |
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Fixtures, fittings & equipment | - |
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Motor vehicles | - |
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Stocks |
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow |
moving items. |
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THE ESPLANADE FISH BAR LTD (REGISTERED NUMBER: 04986164) |
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NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 31 DECEMBER 2017 |
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3. | ACCOUNTING POLICIES - continued |
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. |
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Current or deferred taxation assets and liabilities are not discounted. |
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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. |
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Deferred tax |
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance |
sheet date. |
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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. |
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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. |
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Financial instruments |
Financial Instruments are defined as a contract which gives rise to a financial asset of one entity and a financial |
liability or equity instrument of another entity. |
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Basic financial instruments are classified under section 11 of FRS 102 and are held at amortised cost. These |
include cash, trade debtors and creditors and other non-complicated loans. |
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4. | EMPLOYEES AND DIRECTORS |
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The average number of employees during the year was
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5. | INTANGIBLE FIXED ASSETS |
Goodwill |
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COST |
At 1 January 2017 |
and 31 December 2017 |
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AMORTISATION |
At 1 January 2017 |
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Amortisation for year |
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At 31 December 2017 |
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NET BOOK VALUE |
At 31 December 2017 |
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At 31 December 2016 |
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THE ESPLANADE FISH BAR LTD (REGISTERED NUMBER: 04986164) |
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NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 31 DECEMBER 2017 |
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6. | TANGIBLE FIXED ASSETS |
Fixtures, |
fittings | Motor |
& equipment | vehicles | Totals |
£ | £ | £ |
COST |
At 1 January 2017 |
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Additions |
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At 31 December 2017 |
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DEPRECIATION |
At 1 January 2017 |
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Charge for year |
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At 31 December 2017 |
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NET BOOK VALUE |
At 31 December 2017 |
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At 31 December 2016 |
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7. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2017 | 2016 |
£ | £ |
Other debtors |
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Directors' current accounts | - |
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Prepayments |
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8. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2017 | 2016 |
£ | £ |
Bank loans and overdrafts |
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Tax |
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Social security and other taxes |
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Directors' current accounts |
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Accruals |
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9. | PROVISIONS FOR LIABILITIES |
2017 | 2016 |
£ | £ |
Deferred tax | 4,628 | 2,762 |
THE ESPLANADE FISH BAR LTD (REGISTERED NUMBER: 04986164) |
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NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 31 DECEMBER 2017 |
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9. | PROVISIONS FOR LIABILITIES - continued |
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Deferred |
tax |
£ |
Balance at 1 January 2017 |
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Accelerated capital allowances |
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Balance at 31 December 2017 |
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10. | CALLED UP SHARE CAPITAL |
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Allotted, issued and fully paid: |
Number: | Class: | Nominal | 2017 | 2016 |
value: | £ | £ |
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Ordinary | £1 |
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11. | RESERVES |
Retained |
earnings |
£ |
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At 1 January 2017 |
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Deficit for the year | ( |
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Dividends | ( |
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At 31 December 2017 |
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12. | RELATED PARTY DISCLOSURES |
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During the year, total dividends of £10,000 were paid to the director . |
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The company trades from premises owned by the director at a market rent of £22,000 (2016 - £22,000). |