Village Inns Southern Ltd - Abbreviated accounts 16.3

REGISTERED NUMBER: 09394606 (England and Wales)

Abbreviated Unaudited Accounts

for the Period 1 April 2015 to 31 May 2016

for

Village Inns Southern Ltd

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

Del Robert Agar

Lee Anthony Devine

Timothy Paul Preston

REGISTERED OFFICE:

Castle Farm Barn North

Denmead Road

Southwick

Hampshire

PO17 6EX

REGISTERED NUMBER:

09394606 (England and Wales)

ACCOUNTANTS:

KT Accountants Limited

Castle Farm Barn North

Denmead Road

Southwick

Hampshire

PO17 6EX

FIXED ASSETS

Tangible assets

2

26,303

-

CURRENT ASSETS

Stocks

14,840

-

Debtors

11,150

-

Cash at bank and in hand

57,137

3

83,127

3

CREDITORS

Amounts falling due within one year

87,723

-

NET CURRENT (LIABILITIES)/ASSETS

(4,596

)

3

TOTAL ASSETS LESS CURRENT
LIABILITIES

21,707

3

PROVISIONS FOR LIABILITIES

662

-

NET ASSETS

21,045

3

CAPITAL AND RESERVES

Called up share capital

3

Profit and loss account

21,042

-

SHAREHOLDERS' FUNDS

21,045

3

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 May 2016.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 May 2016 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.

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 Board of Directors on 24 February 2017 and were
signed on its behalf by:

Del Robert Agar - Director

Lee Anthony Devine - Director

Timothy Paul Preston - 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.

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.

Deferred tax

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

reversed at the balance sheet date.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to the profit and loss account on a straight line

basis over the period of the lease.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

Additions

35,071

At 31 May 2016

35,071

DEPRECIATION

Charge for period

8,768

At 31 May 2016

8,768

NET BOOK VALUE

At 31 May 2016

26,303

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.5.16

31.3.15

value:

£

3

Ordinary

£1

3