| A B M Catering for Leisure Limited |
| Financial Statements for the Year Ended 30 April 2017 |
| A B M Catering for Leisure Limited |
| Financial Statements for the Year Ended 30 April 2017 |
| A B M Catering for Leisure Limited |
| Company Information |
| for the Year Ended 30 April 2017 |
| DIRECTORS: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| Chartered Accountants |
| Radnor House |
| Greenwood Close |
| Cardiff Gate Business Park |
| Cardiff |
| CF23 8AA |
| BANKERS: |
| The Twyn |
| Caerphilly |
| CF83 1UE |
| Chartered Accountants' Report to the Board of Directors |
| on the Unaudited Financial Statements of |
| A B M Catering for Leisure Limited |
| The following reproduces the text of the report prepared for the directors and members in |
| respect of the company's annual unaudited financial statements. In accordance with the |
| Companies Act 2006, the company is only required to file a Balance Sheet. Readers are |
| cautioned that the Income Statement and certain other primary statements and the Report |
| of the Directors are not required to be filed with the Registrar of Companies. |
| In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for |
| your approval the financial statements of A B M Catering for Leisure Limited for the year ended |
| 30 April 2017 which comprise the Profit and Loss Account, Balance Sheet and the related notes |
| 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 within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance. |
| This report is made solely to the Board of Directors of A B M Catering for Leisure Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of A B M Catering for Leisure Limited and state those matters that we have agreed to state to the Board of Directors of A B M Catering for Leisure Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than A B M Catering for Leisure Limited Board of Directors, as a body, for our work or for this report. |
| It is your duty to ensure that A B M Catering for Leisure Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of A B M Catering for Leisure Limited. You consider that A B M Catering for Leisure Limited 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 financial statements of A B M Catering for Leisure Limited. 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 financial statements. |
| Chartered Accountants |
| A B M Catering for Leisure Limited (Registered number: 02221416) |
| Balance Sheet |
| 30 April 2017 |
| 2017 | 2016 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Intangible assets | 3 |
| Tangible assets | 4 |
| Investments | 5 |
| CURRENT ASSETS |
| Stocks |
| Debtors | 6 |
| Cash at bank and in hand |
| CREDITORS |
| Amounts falling due within one year | 7 |
| NET CURRENT ASSETS |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| CREDITORS |
| Amounts falling due after more than one year |
8 |
( |
) |
| PROVISIONS FOR LIABILITIES | ( |
) | ( |
) |
| NET ASSETS |
| CAPITAL AND RESERVES |
| Called up share capital |
| Retained earnings |
| SHAREHOLDERS' FUNDS |
| A B M Catering for Leisure Limited (Registered number: 02221416) |
| Balance Sheet - continued |
| 30 April 2017 |
| 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. |
| In accordance with Section 444 of the Companies Act 2006, the Profit and Loss Account has not been delivered. |
| The financial statements were approved by the Board of Directors on signed on its behalf by: |
| A B M Catering for Leisure Limited (Registered number: 02221416) |
| Notes to the Financial Statements |
| for the Year Ended 30 April 2017 |
| 1. | ACCOUNTING POLICIES |
| Basis of preparing the financial statements |
| 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 |
| 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 |
| Long leasehold | - |
| Fixtures and fittings | - |
| Motor vehicles | - |
| Investments in subsidiaries |
| Investments in subsidiary undertakings are recognised at cost. |
| 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 Profit and |
| Loss Account, 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. |
| A B M Catering for Leisure Limited (Registered number: 02221416) |
| Notes to the Financial Statements - continued |
| for the Year Ended 30 April 2017 |
| 1. | ACCOUNTING POLICIES - continued |
| 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. |
| Hire purchase and leasing commitments |
| Assets held under finance leases and hire purchase contracts, which are those where |
| substantially all the risks and rewards of ownership of the asset have passed to the |
| company, are capitalised in the balance sheet and depreciated over their useful lives. |
| The interest element of the rental obligations is charged to the profit and loss account over |
| the period of the lease and represents a constant proportion of the balance of capital |
| repayments outstanding. |
| Rentals paid under operating leases are charged to income on a straight line basis over the |
| lease term. |
| Pension costs |
| 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. |
| 2. | EMPLOYEES AND DIRECTORS |
| The average number of employees during the year was |
| A B M Catering for Leisure Limited (Registered number: 02221416) |
| Notes to the Financial Statements - continued |
| for the Year Ended 30 April 2017 |
| 3. | INTANGIBLE FIXED ASSETS |
| Goodwill |
| £ |
| COST |
| At 1 May 2016 |
| and 30 April 2017 |
| AMORTISATION |
| At 1 May 2016 |
| Amortisation for year |
| At 30 April 2017 |
| NET BOOK VALUE |
| At 30 April 2017 |
| At 30 April 2016 |
| 4. | TANGIBLE FIXED ASSETS |
| Fixtures |
| Long | and | Motor |
| leasehold | fittings | vehicles | Totals |
| £ | £ | £ | £ |
| COST |
| At 1 May 2016 |
| Additions |
| Disposals | ( |
) | ( |
) |
| At 30 April 2017 |
| DEPRECIATION |
| At 1 May 2016 |
| Charge for year |
| Eliminated on disposal | ( |
) | ( |
) |
| At 30 April 2017 |
| NET BOOK VALUE |
| At 30 April 2017 |
| At 30 April 2016 |
| The net book value of tangible fixed assets includes £ 13,078 (2016 - £ 31,976 ) in respect |
| of assets held under hire purchase contracts. |
| A B M Catering for Leisure Limited (Registered number: 02221416) |
| Notes to the Financial Statements - continued |
| for the Year Ended 30 April 2017 |
| 5. | FIXED ASSET INVESTMENTS |
| Shares in |
| group |
| undertakings |
| £ |
| COST |
| At 1 May 2016 |
| and 30 April 2017 |
| NET BOOK VALUE |
| At 30 April 2017 |
| At 30 April 2016 |
| 6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2017 | 2016 |
| £ | £ |
| Trade debtors |
| VAT |
| Prepayments & accrued income |
| 7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2017 | 2016 |
| £ | £ |
| Hire purchase contracts |
| Trade creditors |
| Corporation tax |
| Social security & other taxes |
| VAT | 31,762 | - |
| Other creditors |
| Directors' loan accounts | 43,867 | 11,320 |
| Accruals & deferred income |
| 8. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
| 2017 | 2016 |
| £ | £ |
| Hire purchase contracts |
| A B M Catering for Leisure Limited (Registered number: 02221416) |
| Notes to the Financial Statements - continued |
| for the Year Ended 30 April 2017 |
| 9. | SECURED DEBTS |
| The following secured debts are included within creditors: |
| 2017 | 2016 |
| £ | £ |
| Hire purchase contracts | 5,519 | 16,078 |
| 10. | OTHER FINANCIAL COMMITMENTS |
| The company had outstanding leasing commitments of £13,308 at the year end. |