|
|
REGISTERED NUMBER:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
FINANCIAL STATEMENTS FOR THE YEAR ENDED 30TH JUNE 2018 |
|
FOR |
|
ARNOLD AND DISTRICT LIBERAL CLUB COMPANY |
LIMITED |
|
|
REGISTERED NUMBER:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
FINANCIAL STATEMENTS FOR THE YEAR ENDED 30TH JUNE 2018 |
|
FOR |
|
ARNOLD AND DISTRICT LIBERAL CLUB COMPANY |
LIMITED |
ARNOLD AND DISTRICT LIBERAL CLUB COMPANY |
LIMITED (REGISTERED NUMBER: 00026588) |
|
|
|
|
|
|
CONTENTS OF THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 30TH JUNE 2018 |
|
|
|
|
Page |
|
Company Information | 1 |
|
Balance Sheet | 2 |
|
Notes to the Financial Statements | 4 |
|
ARNOLD AND DISTRICT LIBERAL CLUB COMPANY |
LIMITED |
|
COMPANY INFORMATION |
FOR THE YEAR ENDED 30TH JUNE 2018 |
|
|
|
|
|
|
|
DIRECTORS: |
|
|
|
|
|
|
SECRETARY: |
|
|
|
|
REGISTERED OFFICE: |
|
|
|
|
|
|
|
|
REGISTERED NUMBER: |
|
|
|
|
ACCOUNTANTS: |
|
Chartered Certified Accountants |
The Old Drill Hall |
10 Arnot Hill Road |
Arnold |
Nottingham |
Nottinghamshire |
NG5 6LJ |
|
|
|
BANKERS: |
|
ARNOLD AND DISTRICT LIBERAL CLUB COMPANY |
LIMITED (REGISTERED NUMBER: 00026588) |
|
BALANCE SHEET |
30TH 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 LIABILITIES | ( |
) | ( |
) |
TOTAL ASSETS LESS CURRENT
LIABILITIES |
|
|
|
CREDITORS |
Amounts falling due after more than one
year |
7 |
|
|
NET ASSETS |
|
|
|
CAPITAL AND RESERVES |
Called up share capital |
|
|
Share premium |
|
|
Revaluation reserve | 8 |
|
|
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. |
ARNOLD AND DISTRICT LIBERAL CLUB COMPANY |
LIMITED (REGISTERED NUMBER: 00026588) |
|
BALANCE SHEET - continued |
30TH 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
by: |
|
|
|
|
|
|
|
ARNOLD AND DISTRICT LIBERAL CLUB COMPANY |
LIMITED (REGISTERED NUMBER: 00026588) |
|
NOTES TO THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 30TH JUNE 2018 |
|
1. | STATUTORY INFORMATION |
|
ARNOLD AND DISTRICT LIBERAL CLUB COMPANY LIMITED is a
|
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 |
|
|
The financial statements have been prepared on a going concern basis although material uncertainties exist. See |
note 9. |
|
Turnover |
Turnover represents cash receipts from the sale of alcoholic beverages and sundry bar items, excluding value |
added tax. |
|
Tangible fixed assets |
|
Freehold property | - |
|
Fixtures and fittings | - |
|
|
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. |
ARNOLD AND DISTRICT LIBERAL CLUB COMPANY |
LIMITED (REGISTERED NUMBER: 00026588) |
|
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 30TH JUNE 2018 |
|
2. | ACCOUNTING POLICIES - continued |
|
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
|
|
4. | TANGIBLE FIXED ASSETS |
Plant and |
Land and | machinery |
buildings | etc | Totals |
£ | £ | £ |
COST OR VALUATION |
At 1st July 2017 |
and 30th June 2018 |
|
|
|
DEPRECIATION |
At 1st July 2017 |
|
|
|
Charge for year |
|
|
|
At 30th June 2018 |
|
|
|
NET BOOK VALUE |
At 30th June 2018 |
|
|
|
At 30th June 2017 |
|
|
|
|
Cost or valuation at 30th June 2018 is represented by: |
|
Plant and |
Land and | machinery |
buildings | etc | Totals |
£ | £ | £ |
Valuation in 2014 | 325,000 | - | 325,000 |
Valuation in 2015 | - | 158,123 | 158,123 |
Valuation in 2016 | - | 8,554 | 8,554 |
325,000 | 166,677 | 491,677 |
|
If Freehold Land and Buildings had not been revalued they would have been included at the following historical |
cost: |
|
2018 | 2017 |
£ | £ |
Cost | 251,540 | 251,540 |
Aggregate depreciation | 104,019 | 104,019 |
|
Freehold Land and Buildings were valued on an open market basis on 1st April 2014 by Messrs NG Chartered Surveyors |
. |
ARNOLD AND DISTRICT LIBERAL CLUB COMPANY |
LIMITED (REGISTERED NUMBER: 00026588) |
|
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 30TH JUNE 2018 |
|
5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2018 | 2017 |
£ | £ |
Other debtors |
|
|
|
6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2018 | 2017 |
£ | £ |
Hire purchase contracts |
|
|
Trade creditors |
|
|
Taxation and social security |
|
|
Other creditors |
|
|
|
|
|
7. |
CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR |
2018 | 2017 |
£ | £ |
Hire purchase contracts |
|
|
|
8. | RESERVES |
Revaluation |
reserve |
£ |
At 1st July 2017 |
|
Transfer excess depreciation | (1,671 | ) |
|
At 30th June 2018 |
|
|
9. | GOING CONCERN |
|
During the year the company made a loss of £2,153 (2017: £13,310). The Company had an excess of liabilities |
over current assets at 30th June 2018 of £11,284 (2017 - £17,983). |
|
However the company made a cash profit for the year. The directors are confident that the cash and net asset |
position of the company will continue to improve. |
|
The Accounts have been prepared on a Going Concern basis as the Directors feel this is still the appropriate |
basis of preparation. The Accounts do not include any adjustments which may be necessary if the Company |
bankers do not provide support. |