M & D Publicans Limited - Accounts to registrar (filleted) - small 18.2

M & D Publicans Limited - Accounts to registrar (filleted) - small 18.2


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REGISTERED NUMBER: 11005463(England and Wales)















Unaudited Financial Statements for the Year Ended 30 June 2019

for

M & D Publicans Limited

M & D Publicans Limited (Registered number: 11005463)






Contents of the Financial Statements
for the Year Ended 30 June 2019




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


M & D Publicans Limited

Company Information
for the Year Ended 30 June 2019







DIRECTORS: M S Hardy
Mrs D Hardy





REGISTERED OFFICE: Castle Farm Barn North
Denmead Road
Southwick
Fareham
Hampshire
PO17 6EX





REGISTERED NUMBER: 11005463(England and Wales)





ACCOUNTANTS: KT Accountants Limited
Castle Farm Barn North
Denmead Road
Southwick
Hampshire
PO17 6EX

M & D Publicans Limited (Registered number: 11005463)

Balance Sheet
30 June 2019

30.6.19 30.6.18
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 55,992 74,656
Tangible assets 5 30,663 28,193
86,655 102,849

CURRENT ASSETS
Stocks 6 14,081 14,824
Debtors 7 5,902 4,786
Cash at bank and in hand 232,147 146,522
252,130 166,132
CREDITORS
Amounts falling due within one year 8 331,718 259,130
NET CURRENT LIABILITIES (79,588 ) (92,998 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

7,067

9,851

PROVISIONS FOR LIABILITIES 5,826 5,357
NET ASSETS 1,241 4,494

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 1,141 4,394
SHAREHOLDERS' FUNDS 1,241 4,494

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2019.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2019 in accordance with Section 476 of the Companies Act 2006.

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.

M & D Publicans Limited (Registered number: 11005463)

Balance Sheet - continued
30 June 2019


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

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 by the Board of Directors on 23 October 2019and were
signed on its behalf by:




M S Hardy- Director



Mrs D Hardy- Director


M & D Publicans Limited (Registered number: 11005463)

Notes to the Financial Statements
for the Year Ended 30 June 2019

1. STATUTORY INFORMATION

M & D Publicans Limited 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.

The presentation currency of the financial statements is the Pound Sterling (£).


2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" 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 0, is being amortised evenly over its estimated useful life of nil 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.

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 Statement
of Income and Retained Earnings, 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.


M & D Publicans Limited (Registered number: 11005463)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2019

2. ACCOUNTING POLICIES - continued
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.

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 25(2018 - 30) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 July 2018
and 30 June 2019 93,320
AMORTISATION
At 1 July 2018 18,664
Amortisation for year 18,664
At 30 June 2019 37,328
NET BOOK VALUE
At 30 June 2019 55,992
At 30 June 2018 74,656

M & D Publicans Limited (Registered number: 11005463)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2019

5. TANGIBLE FIXED ASSETS
Fixtures
and
fittings
£   
COST
At 1 July 2018 37,591
Additions 12,691
At 30 June 2019 50,282
DEPRECIATION
At 1 July 2018 9,398
Charge for year 10,221
At 30 June 2019 19,619
NET BOOK VALUE
At 30 June 2019 30,663
At 30 June 2018 28,193

6. STOCKS
30.6.19 30.6.18
£    £   
Stocks 14,081 14,824

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.19 30.6.18
£    £   
Other debtors 4,640 4,786
Prepayments 1,262 -
5,902 4,786

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.19 30.6.18
£    £   
Trade creditors 21,056 16,260
Amounts owed to group undertakings 258,000 200,000
Corporation tax 16,751 5,001
Social security and other taxes - 2,179
VAT 27,864 28,088
Other creditors - 263
Pension creditor 734 393
Directors' current accounts 2,467 1,302
Accrued expenses 4,846 5,644
331,718 259,130

M & D Publicans Limited (Registered number: 11005463)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2019

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the year ended
30 June 2019 and the period ended 30 June 2018:

30.6.19 30.6.18
£    £   
M S Hardyand Mrs D Hardy
Balance outstanding at start of year (1,302 ) -
Amounts advanced (1,165 ) (1,302 )
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (2,467 ) (1,302 )

Included in creditors is an amount due to the directors of £2,467 (2018 - £1,302). This loan
is interest free, undated, unsecured and repayable on demand.