The Endless Pleasure Company Limited - Abbreviated accounts 16.3

REGISTERED NUMBER: 04431534 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2016

FOR

THE ENDLESS PLEASURE COMPANY LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTORS:

G Baio

T N Chastney

J W Skinner

REGISTERED OFFICE:

30 Whiteladies Road

Clifton

Bristol

BS8 2LG

REGISTERED NUMBER:

04431534 (England and Wales)

ACCOUNTANTS:

Gordon Wood Scott & Partners Limited

Chartered Accountants

Dean House

94 Whiteladies Road

Bristol

BS8 2QX

FIXED ASSETS

Tangible assets

2

6,476

7,445

CURRENT ASSETS

Stocks

11,583

13,929

Debtors

78,082

61,699

Cash at bank and in hand

10,222

42,633

99,887

118,261

CREDITORS

Amounts falling due within one year

3

175,154

173,164

NET CURRENT LIABILITIES

(75,267

)

(54,903

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(68,791

)

(47,458

)

CAPITAL AND RESERVES

Called up share capital

4

180,000

180,000

Share premium

70,000

70,000

Profit and loss account

(318,791

)

(297,458

)

SHAREHOLDERS' FUNDS

(68,791

)

(47,458

)

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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 9 May 2017 and were signed on its behalf by:

T N Chastney - Director

1.	ACCOUNTING POLICIES

Basis of preparing the financial statements

At the year end the company was in an insolvent position. The ability to continue trading is dependent on the

willingness of the directors to continue to extend finance to the company which they are both 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.

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 the value of drinks, food and services supplied, 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.

Leasehold improvements

-

10 years or the term of lease if less

Short leasehold

-

over the term of the lease

Plant & equipment

-

33% on cost

Motor vehicles

-

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 provided on the liability method to take account of timing differences between the treatment of

certain items for accounts purposes and their treatment for tax purposes. Tax deferred is accounted for in respect

of all material timing differences that have originated but not reversed at the balance sheet date other than for

timing differences arising from the revaluation of tangible fixed assets. Deferred tax assets and liabilities are not

discounted.

Tax on losses available to carry forward against future profits is recognised as a deferred tax asset, where on the

basis of available evidence it is more likely than not that there will be taxable profits in the future against which

the deferred tax asset can be offset.

Operating leases

Rentals paid under operating leases are charged to the profit and loss account as incurred.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 April 2015

635,614

Additions

2,000

At 31 March 2016

637,614

DEPRECIATION

At 1 April 2015

628,169

Charge for year

2,969

At 31 March 2016

631,138

NET BOOK VALUE

At 31 March 2016

6,476

At 31 March 2015

7,445

3.

CREDITORS

Creditors include an amount of £ 45,718 (31.3.15 - £ 38,845 ) for which security has been given.

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.16

31.3.15

value:

£

£

180,000

Ordinary

£1

180,000

180,000

5.	RELATED PARTY DISCLOSURES

6.	ULTIMATE CONTROLLING PARTY