The director's statements required by sections 475 (2) and (3) are shown on the following page which forms part of this Balance Sheet.

The notes on pages 3 to 6 form an integral part of these financial statements.

Page 1

R S & J Ltd

Registration number: 03904519

Balance Sheet as at 28 February 2018 (continued)

For the financial year ending 28 February 2018 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

•	The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
•	The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Profit and Loss Account has been taken.

Approved and authorised by the Board on 14 August 2018 and signed on its behalf by:
 

R E McCluskey

Director

The notes on pages 3 to 6 form an integral part of these financial statements.

Page 2

R S & J Ltd

Notes to the Financial Statements for the Year Ended 28 February 2018

1	General information

The company is a private company limited by share capital, incorporated in United Kingdom.

The address of its registered office is:
Wymondham Business Centre
1 Town Green
Wymondham
Norfolk
NR18 0PN
England

The principal place of business is:
Adam & Eve Public House
17 Bishopgate
Norwich
Norfolk
NR3 1RZ

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

The financial statements are presented in sterling which is the functional currency of the company and rounded to the nearest £.

Page 3

R S & J Ltd

Notes to the Financial Statements for the Year Ended 28 February 2018 (continued)

2	Accounting policies (continued)

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tangible assets

Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
Furniture and fittings	15% Reducing balance method
Short Leasehold Improvements	5% Straight line method
Leasehold Buildings	5% Straight line method
Equipment	15% Reducing balance method

Stocks

Stocks are stated at the lower of cost and estimated selling price.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

Page 4

R S & J Ltd

Notes to the Financial Statements for the Year Ended 28 February 2018 (continued)

3	Staff numbers

The average number of persons employed by the company (including directors) during the year, was 8 (2017 - 8).

4	Tangible assets

	Land and buildings £	Furniture, fittings and equipment  £	Other property, plant and equipment  £	Total £
Cost or valuation
At 1 March 2017	108,288	22,905	19,058	150,251
Additions	-	559	-	559
At 28 February 2018	108,288	23,464	19,058	150,810
Depreciation
At 1 March 2017	87,912	18,848	15,313	122,073
Charge for the year	5,414	642	611	6,667
At 28 February 2018	93,326	19,490	15,924	128,740
Carrying amount
At 28 February 2018	14,962	3,974	3,134	22,070
At 28 February 2017	20,376	4,057	3,745	28,178

Included within the net book value of land and buildings above is £Nil (2017 - £Nil) in respect of long leasehold land and buildings and £14,962 (2017 - £20,376) in respect of short leasehold land and buildings.
 

5

Stocks

	2018 £	2017 £
Other inventories	6,800	6,500

Page 5

R S & J Ltd

Notes to the Financial Statements for the Year Ended 28 February 2018 (continued)

6

Debtors

	2018 £	2017 £
Other debtors	5,114	5,288
Total current trade and other debtors	5,114	5,288

7

Creditors

Creditors: amounts falling due within one year

	Note	2018 £	2017 £
Due within one year
Trade creditors		8,923	11,210
Directors loan accounts		5,827	5,880
Taxation and social security		6,448	6,710
Other creditors		2,793	2,658
		23,991	26,458