REGISTERED NUMBER: 05289089 (England and Wales)

Financial Statements for the Year Ended 30 April 2017

for

A.B.V. Bars Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

C Smythe

REGISTERED OFFICE:

The Old City Bar

2 Oaten Hill Place

Canterbury

Kent

CT1 3HJ

REGISTERED NUMBER:

05289089 (England and Wales)

ACCOUNTANTS:

A.K & Co (Accountancy Services) Ltd

19 Victoria Terrace

Hove

East Sussex

BN3 2WB

FIXED ASSETS

Intangible assets

4

50,316

60,904

Tangible assets

5

198,363

229,384

248,679

290,288

CURRENT ASSETS

Stocks

32,928

34,833

Debtors

6

44,728

48,212

Cash at bank

63,848

98,230

141,504

181,275

CREDITORS

Amounts falling due within one year

7

150,859

208,855

NET CURRENT LIABILITIES

(9,355

)

(27,580

)

TOTAL ASSETS LESS CURRENT LIABILITIES

239,324

262,708

CREDITORS

Amounts falling due after more than one year

8

(2,000

)

(15,945

)

PROVISIONS FOR LIABILITIES

(9,562

)

(11,775

)

NET ASSETS

227,762

234,988

CAPITAL AND RESERVES

Called up share capital

2

2

Retained earnings

227,760

234,986

SHAREHOLDERS' FUNDS

227,762

234,988

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 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.

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 3 July 2017 and were signed by:

C Smythe - Director

1.	STATUTORY INFORMATION

A.B.V. Bars 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.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2008, is being amortised evenly over its estimated useful life of fourteen years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost

less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets

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

Freehold property

-

not provided

Short leasehold

-

Straight line over 15 years

Fixtures and fittings

-

25% on reducing balance

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.

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 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.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension

scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 46 .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 May 2016

and 30 April 2017

145,942

AMORTISATION

At 1 May 2016

85,038

Amortisation for year

10,588

At 30 April 2017

95,626

NET BOOK VALUE

At 30 April 2017

50,316

At 30 April 2016

60,904

5.	TANGIBLE FIXED ASSETS

Fixtures

Freehold

Short

and

Motor

property

leasehold

fittings

vehicles

Totals

£

£

£

£

£

COST

At 1 May 2016

2

205,793

103,440

38,922

348,157

Additions

-

-

13,993

-

13,993

Disposals

-

-

(8,869

)

-

(8,869

)

At 30 April 2017

2

205,793

108,564

38,922

353,281

DEPRECIATION

At 1 May 2016

-

48,726

43,440

26,607

118,773

Charge for year

-

21,048

17,702

3,079

41,829

Eliminated on disposal

-

-

(5,684

)

-

(5,684

)

At 30 April 2017

-

69,774

55,458

29,686

154,918

NET BOOK VALUE

At 30 April 2017

2

136,019

53,106

9,236

198,363

At 30 April 2016

2

157,067

60,000

12,315

229,384

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

£

Trade debtors

-

445

Other debtors

44,728

47,767

44,728

48,212

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

£

Bank loans and overdrafts

13,945

23,667

Trade creditors

75,441

83,507

Taxation and social security

36,437

72,691

Other creditors

25,036

28,990

150,859

208,855

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2017

2016

£

£

Bank loans

2,000

15,945

9.	RELATED PARTY DISCLOSURES

During the year, total dividends of £19,887 (2016 - £5,800) were paid to the director .

At the year end, the company owed Mr C Smythe £nil (2016: £5,500). The loan was interest free and repayable

on demand.

10.	ULTIMATE CONTROLLING PARTY

The controlling party is C Smythe.