Pub World Memorabilia Limited - Accounts to registrar (filleted) - small 17.3

REGISTERED NUMBER: 01775000 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2017

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)

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

3

1,786

2,317

CURRENT ASSETS

Stocks

18,180

14,050

Debtors

6,581

8,505

Cash at bank

19,631

17,895

44,392

40,450

CREDITORS

Amounts falling due within one year

21,024

22,042

NET CURRENT ASSETS

23,368

18,408

TOTAL ASSETS LESS CURRENT LIABILITIES

25,154

20,725

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

25,054

20,625

SHAREHOLDERS' FUNDS

6

25,154

20,725

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2017 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 of Part 15 of the Companies Act 2006 relating to small companies.

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the year ended 30 June 2017 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director on 24 January 2018 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 the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" 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 & 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.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement,

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.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 1 July 2016

and 30 June 2017

15,679

DEPRECIATION

At 1 July 2016

13,362

Charge for year

531

At 30 June 2017

13,893

NET BOOK VALUE

At 30 June 2017

1,786

At 30 June 2016

2,317

4.	RELATED PARTY DISCLOSURES

During the year the company paid Mr P B Green, director of the company, Royalties of £2000 (2016 -

£2000).

5.	ULTIMATE CONTROLLING PARTY

The controlling party is P B Green.

6.	RECONCILIATION OF MOVEMENTS IN SHAREHOLDERS' FUNDS

30.6.17

30.6.16

£

£

Profit for the financial year

9,429

6,837

Dividends

(5,000

)

(10,000

)

Net addition/(reduction) to shareholders' funds

4,429

(3,163

)

Opening shareholders' funds

20,725

23,888

Closing shareholders' funds

25,154

20,725

7.	FIRST YEAR ADOPTION

The company transitioned from previously extant UK GAAP to FRS 102 as at 1 July 2015. The

transition to FRS 102 has not affected the reported financial position and financial performance.