Pub World Memorabilia Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 01775000 (England and Wales)

Unaudited Financial Statements for the Year Ended 30 June 2019

for

Pub World Memorabilia Limited

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

P B Green

REGISTERED OFFICE:

The Old Coach House

92 Lodge Road

Feltwell

Thetford

Norfolk

IP26 4DN

REGISTERED NUMBER:

01775000 (England and Wales)

BANKERS:

Barclays Bank

Thetford and Breckland Branch

4 Bridge Street

Thetford

Norfolk

IP24 3AB

FIXED ASSETS

Tangible assets

4

1,802

1,727

CURRENT ASSETS

Stocks

18,240

42,530

Debtors

1,625

6,976

Cash at bank and in hand

34,111

12,972

53,976

62,478

CREDITORS

Amounts falling due within one year

21,909

27,790

NET CURRENT ASSETS

32,067

34,688

TOTAL ASSETS LESS CURRENT LIABILITIES

33,869

36,415

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

33,769

36,315

33,869

36,415

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

All the members have consented to the preparation of an abridged Statement of Income and Retained Earnings and an abridged Balance Sheet for the year ended 30 June 2019 in accordance with Section 444(2A) of the Companies Act 2006.

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 director on 27 March 2020 and were signed by:

P B Green - Director

1.	STATUTORY INFORMATION

Pub World Memorabilia 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.

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.

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

-

20% on cost

Fixtures and fittings

-

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 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.

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.

Foreign currency transactions

The company has used the closing rate method for translating foreign currency transactions.

Pension

The company operates a defined contribution pension scheme. Contributions payable for the

year are charged in the Profit and Loss Account.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2018 - 3 ) .

4.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 1 July 2018

9,015

Additions

564

At 30 June 2019

9,579

DEPRECIATION

At 1 July 2018

7,288

Charge for year

489

At 30 June 2019

7,777

NET BOOK VALUE

At 30 June 2019

1,802

At 30 June 2018

1,727

5.	RELATED PARTY DISCLOSURES

Mr P B Green is also a director of Pub World International Ltd and owed £5666 at 30 June

2019 (2018 - £5679).

During the year, total dividends of £2,000 were paid to the director .

6.	ULTIMATE CONTROLLING PARTY

The controlling party is P B Green.