Pub World Memorabilia Limited - Abbreviated accounts 16.1

REGISTERED NUMBER: 01775000 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS FOR THE YEAR ENDED 30 JUNE 2016

FOR

PUB WORLD MEMORABILIA LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

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)

ACCOUNTANTS:

Burrells Accountancy Limited

Jubilee House

Jubilee Court

Dersingham

King's Lynn

Norfolk

PE31 6HH

BANKERS:

Barclays Bank plc

Thetford and Breckland Branch

4 Bridge Street

Thetford

Norfolk

IP24 3AB

FIXED ASSETS

Tangible assets

2

2,317

2,349

CURRENT ASSETS

Stocks

14,050

14,750

Debtors

8,505

6,403

Cash at bank

17,895

25,779

40,450

46,932

CREDITORS

Amounts falling due within one year

22,042

25,393

NET CURRENT ASSETS

18,408

21,539

TOTAL ASSETS LESS CURRENT
LIABILITIES

20,725

23,888

CAPITAL AND RESERVES

Called up share capital

3

100

Profit and loss account

20,625

23,788

SHAREHOLDERS' FUNDS

20,725

23,888

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2016 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 abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the director on 15 December 2016 and were signed by:

P B Green - Director

1.	ACCOUNTING POLICIES

Accounting convention

The financial statements have been prepared under the historical cost convention and in accordance

with the Financial Reporting Standard for Smaller Entities (effective January 2015).

Turnover

Turnover represents net invoiced sales of goods, excluding value added tax.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant & equipment

-

20% straight line on cost

Fixtures and fittings

-

25% on reducing balance

Motor vehicles

-

25% on reducing balance

Stocks

Stock is valued at the lower of cost or net realisable value. Stock includes expenditure on product

development which is to be written off over three year period or the life of the product whichever is the

lesser.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at

the balance sheet date.

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.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 July 2015

14,887

Additions

792

At 30 June 2016

15,679

DEPRECIATION

At 1 July 2015

12,538

Charge for year

824

At 30 June 2016

13,362

NET BOOK VALUE

At 30 June 2016

2,317

At 30 June 2015

2,349

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30.6.16

30.6.15

value:

£

100

Ordinary

£1

100