Able Taverns Ltd - Period Ending 2016-07-31

Able Taverns Ltd

trading as The Mouse

Unaudited Abbreviated Accounts

for the Year Ended 31 July 2016

AIMS Accountants for Business
Beaufort House
113 Parson St
Bristol
BS3 5QH

Able Taverns Ltd
trading as The Mouse
Contents

Accountants' Report

Abbreviated Balance Sheet

Notes to the Abbreviated Accounts

3 to 4

The following reproduces the text of the accountants' report in respect of the company's annual financial statements, from which the abbreviated accounts (set out on pages 2 to 4) have been prepared.

Chartered Accountants' Report to the Board of Directors on the Preparation of the Unaudited Statutory Accounts of
Able Taverns Ltd
trading as The Mouse
for the Year Ended 31 July 2016

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Able Taverns Ltd for the year ended 31 July 2016 set out on pages from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at icaew.com/membershandbook.

This report is made solely to the Board of Directors of Able Taverns Ltd, as a body, in accordance with the terms of our engagement letterdated 2 June 2004. Our work has been undertaken solely to prepare for your approval the accounts of Able Taverns Ltd and state those matters that we have agreed to state to them, as a body, in this report in accordance with AAF 2/10 as detailed at icaew.com/compilation. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Able Taverns Ltd and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that Able Taverns Ltd has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Able Taverns Ltd. You consider that Able Taverns Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the accounts of Able Taverns Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.

......................................

AIMS Accountants for Business
Beaufort House
113 Parson St
Bristol
BS3 5QH

12 September 2016

Page 1

Able Taverns Ltd
trading as The Mouse
(Registration number: 04698602)
Abbreviated Balance Sheet at 31 July 2016

	Note	2016 £	2015 £
Fixed assets
Tangible fixed assets		(1)	(1)
Current assets
Stocks		3,259	4,120
Debtors		13,125	15,000
Cash at bank and in hand		3,062	1,567
		19,446	20,687
Creditors: Amounts falling due within one year		(11,496)	(10,249)
Net current assets		7,950	10,438
Total assets less current liabilities		7,949	10,437
Creditors: Amounts falling due after more than one year		(7,788)	(10,188)
Net assets		161	249
Capital and reserves
Called up share capital	3	100	100
Profit and loss account		61	149
Shareholders' funds		161	249

For the year ending 31 July 2016 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime .

Approved by the Board on 12 September 2016 and signed on its behalf by:

.........................................
Mr Billy Monaghan
Director

The notes on pages 3 to 4 form an integral part of these financial statements.
Page 2

Able Taverns Ltd
trading as The Mouse
Notes to the Abbreviated Accounts for the Year Ended 31 July 2016
......... continued

1	Accounting policies

Basis of preparation

The full financial statements, from which these abbreviated accounts have been extracted, 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 amounts chargeable, net of value added tax, in respect of the sale of goods and services to customers.

Depreciation

General depreciation accounting policy

Depreciation rates

Stock

Stock is valued at the lower of cost and net realisable value, after due regard for obsolete and slow moving stocks. Net realisable value is based on selling price less anticipated costs to completion and selling costs.

Hire purchase and leasing

Rentals payable under operating leases are charged in the profit and loss account on a straight line basis over the lease term.

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Where shares are issued, any component that creates a financial liability of the company is presented as a liability in the balance sheet. The corresponding dividends relating to the liability component are charged as interest expense in the profit and loss account.

Page 3

Able Taverns Ltd
trading as The Mouse
Notes to the Abbreviated Accounts for the Year Ended 31 July 2016
......... continued

2	Fixed assets

	Tangible assets £	Total £
Cost
At 1 August 2015	30,897	30,897
At 31 July 2016	30,897	30,897
Depreciation
At 1 August 2015	30,898	30,898
At 31 July 2016	30,898	30,898
Net book value
At 31 July 2016	(1)	(1)
At 31 July 2015	(1)	(1)

3	Share capital

Allotted, called up and fully paid shares

	2016			2015
		No.	£		No.	£
Ordinary of £1 each		100	100		100	100

4	Related party transactions

Directors' advances and credits

	2016 Advance/ Credit £	2016 Repaid £	2015 Advance/ Credit £	2015 Repaid £
Mrs Elaine Monaghan
Loan to director	-	-	6,000	-


Mr Billy Monaghan
Loan to director	-	-	6,000	-

Page 4