The Endless Pleasure Company Limited - Accounts to registrar (filleted) - small 18.2
The Endless Pleasure Company Limited - Accounts to registrar (filleted) - small 18.2
| REGISTERED NUMBER: |
| UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2018 |
| FOR |
| THE ENDLESS PLEASURE COMPANY LIMITED |
| THE ENDLESS PLEASURE COMPANY LIMITED (REGISTERED NUMBER: 04431534) |
| CONTENTS OF THE FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 31 MARCH 2018 |
| Page |
| Company Information | 1 |
| Balance Sheet | 2 |
| Notes to the Financial Statements | 3 |
| THE ENDLESS PLEASURE COMPANY LIMITED |
| COMPANY INFORMATION |
| FOR THE YEAR ENDED 31 MARCH 2018 |
| DIRECTORS: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| Chartered Accountants |
| Dean House |
| 94 Whiteladies Road |
| Bristol |
| BS8 2QX |
| THE ENDLESS PLEASURE COMPANY LIMITED (REGISTERED NUMBER: 04431534) |
| BALANCE SHEET |
| 31 MARCH 2018 |
| 31.3.18 | 31.3.17 |
| 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 |
( |
) |
| CAPITAL AND RESERVES |
| Called up share capital | 8 |
| Share premium |
| 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. |
| 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 and authorised for issue by the Board of Directors on were signed on its behalf by: |
| THE ENDLESS PLEASURE COMPANY LIMITED (REGISTERED NUMBER: 04431534) |
| NOTES TO THE FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 31 MARCH 2018 |
| 1. | STATUTORY INFORMATION |
| The Endless Pleasure Company Limited is a |
| Wales. The company's registered number and registered office address can be found on the Company |
| Information page. |
| The presentation currency of the financial statements is the Pound Sterling (£). |
| 2. | ACCOUNTING POLICIES |
| Basis of preparing the financial statements |
| At the year end the company had current liabilities in excess of current assets. The ability to continue trading is |
| dependent on the willingness of the directors to continue to extend finance to the company which they are willing |
| and able to do and have indicated that they will continue to do so for a period of at least 12 months from the date |
| of signature of these financial statements. |
| Turnover |
| Turnover represents the value of drinks, food and services supplied, excluding value added tax. |
| Tangible fixed assets |
| Leasehold improvements | - |
| Short leasehold | - |
| Plant & equipment | - |
| Motor vehicles | - |
| 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. |
| THE ENDLESS PLEASURE COMPANY LIMITED (REGISTERED NUMBER: 04431534) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| FOR THE YEAR ENDED 31 MARCH 2018 |
| 2. | ACCOUNTING POLICIES - continued |
| Operating leases |
| Rentals paid under operating leases are charged to the profit and loss account as incurred. |
| 3. | EMPLOYEES AND DIRECTORS |
| The average number of employees during the year was |
| 4. | TANGIBLE FIXED ASSETS |
| Leasehold | Short | Plant & | Motor |
| improvements | leasehold | equipment | vehicles | Totals |
| £ | £ | £ | £ | £ |
| COST |
| At 1 April 2017 |
| Additions |
| Disposals | ( |
) | ( |
) |
| At 31 March 2018 |
| DEPRECIATION |
| At 1 April 2017 |
| Charge for year |
| Eliminated on disposal | ( |
) | ( |
) |
| At 31 March 2018 |
| NET BOOK VALUE |
| At 31 March 2018 |
| At 31 March 2017 |
| 5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 31.3.18 | 31.3.17 |
| £ | £ |
| Other debtors |
| Corporation Tax |
| Deferred tax asset |
| Prepayments and accrued income |
| 6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 31.3.18 | 31.3.17 |
| £ | £ |
| Bank loans and overdrafts |
| Trade creditors |
| Tax |
| Social security and other taxes |
| VAT |
| Other creditors |
| Directors' loan accounts |
| Accruals and deferred income |
| THE ENDLESS PLEASURE COMPANY LIMITED (REGISTERED NUMBER: 04431534) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| FOR THE YEAR ENDED 31 MARCH 2018 |
| 7. | SECURED DEBTS |
| The following secured debts are included within creditors: |
| 31.3.18 | 31.3.17 |
| £ | £ |
| Bank overdraft |
| The bank overdraft is secured by a company debenture and by limited personal guarantees provided by the |
| directors. |
| 8. | CALLED UP SHARE CAPITAL |
| Allotted, issued and fully paid: |
| Number: | Class: | Nominal | 31.3.18 | 31.3.17 |
| value: | £ | £ |
| Ordinary | £1 | 180,000 | 180,000 |
| 9. | RELATED PARTY DISCLOSURES |
| The following company is deemed to be a related party of The Endless Pleasure Company Limited because some |
| of the directors of the company are also directors of, and shareholders in this company: |
| - The Endless Property Company Limited |
| Amounts due to: |
| £ |
| The Endless Property Company Limited | 158,919 |
| The Endless Pleasure Company Limited paid administration fees of £8,160 during the year to A3 Leisure Agents |
| a business owned by Mr JW Skinner. |