REGISTERED NUMBER: SC314341 (Scotland)

Abbreviated Unaudited Accounts

for the Year Ended 30 April 2016

for

A & J Taverns Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

J Dempster

A R Gray

SECRETARY:

P Dempster

REGISTERED OFFICE:

55 Farmeloan Road

1 Victoria Street

Rutherglen

Glasgow

G73 1DN

REGISTERED NUMBER:

SC314341 (Scotland)

ACCOUNTANTS:

Wallace and Company C.A.

10 Clydesdale Street

Hamilton

Strathclyde

ML3 0DP

FIXED ASSETS

Intangible assets

2

4,201

8,051

Tangible assets

3

3,948

4,087

8,149

12,138

CURRENT ASSETS

Stocks

3,200

3,300

Debtors

12,770

12,759

Cash at bank and in hand

7,182

10,868

23,152

26,927

CREDITORS

Amounts falling due within one year

83,889

56,929

NET CURRENT LIABILITIES

(60,737

)

(30,002

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(52,588

)

(17,864

)

CREDITORS

Amounts falling due after more than one year

10,974

25,309

NET LIABILITIES

(63,562

)

(43,173

)

CAPITAL AND RESERVES

Called up share capital

4

2

2

Profit and loss account

(63,564

)

(43,175

)

SHAREHOLDERS' FUNDS

(63,562

)

(43,173

)

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 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 25 January 2017 and were signed on its behalf by:

J Dempster - 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).

Exemption from preparing a cash flow statement

Exemption has been taken from preparing a cash flow statement on the grounds that the company qualifies as a

small company.

Turnover

Turnover is measured at the fair value of the consideration received or receivable net of sales tax, and is

attributable to the continuing principal activity of the company.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2007, is being amortised evenly over its estimated useful life of ten years.

Tangible fixed assets

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

Plant and machinery etc

-

33.33% on cost and 15% 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

Full provision is made for deferred tax assets and liabilities arising from all timing differences between the

recognition of gains and losses in the financial statements and recognition in the tax computation.

A net deferred tax asset is recognised only if it can be regarded as more likely than not that there will be suitable

taxable profits from which the reversal of the underlying timing differences can be deducted.

Deferred tax assets and liabilities are calculated at the tax rates expected to be effective at the time the timing

differences are expected to reverse.eferred 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.	INTANGIBLE FIXED ASSETS

Total

£

COST

At 1 May 2015

and 30 April 2016

38,502

AMORTISATION

At 1 May 2015

30,451

Amortisation for year

3,850

At 30 April 2016

34,301

NET BOOK VALUE

At 30 April 2016

4,201

At 30 April 2015

8,051

3.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 May 2015

15,000

Additions

711

At 30 April 2016

15,711

DEPRECIATION

At 1 May 2015

10,913

Charge for year

850

At 30 April 2016

11,763

NET BOOK VALUE

At 30 April 2016

3,948

At 30 April 2015

4,087

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2016

2015

value:

£

£

2

Ordinary

£1

2

2