REGISTERED NUMBER: SC382828 (Scotland)

ABBREVIATED UNAUDITED ACCOUNTS FOR THE YEAR ENDED 30 NOVEMBER 2016

FOR

ACB PUBS LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTOR:

A Black

REGISTERED OFFICE:

16 Baxters Wynd

Falkirk

FK1 1PF

REGISTERED NUMBER:

SC382828 (Scotland)

ACCOUNTANTS:

MacDonald Morton Ltd

Chartered Accountants

67 March Road

Edinburgh

EH4 3SU

FIXED ASSETS

Intangible assets

2

-

-

Tangible assets

3

7,925

10,150

7,925

10,150

CURRENT ASSETS

Stocks

6,929

5,879

Debtors

26,559

14,821

Cash at bank and in hand

15,245

17,593

48,733

38,293

CREDITORS

Amounts falling due within one year

4

53,534

46,267

NET CURRENT LIABILITIES

(4,801

)

(7,974

)

TOTAL ASSETS LESS CURRENT LIABILITIES

3,124

2,176

CREDITORS

Amounts falling due after more than one year

4

-

1,614

NET ASSETS

3,124

562

CAPITAL AND RESERVES

Called up share capital

5

100

100

Profit and loss account

3,024

462

SHAREHOLDERS' FUNDS

3,124

562

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2016 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 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 director on 13 June 2017 and were signed by:

A Black - 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).

Turnover

Turnover represents net invoiced sales of goods, excluding value added tax.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2011, is being amortised evenly over its estimated useful life of five years.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Fixtures and fittings

-

20% on reducing balance

Motor vehicles

-

20% 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

The accounting policy in respect of deferred tax reflects the requirements of the Financial Reporting Standard for

Smaller Entities (effective January 2015). Deferred tax is provided in full in respect of taxation deferred by

timing differences between the treatment of certain items for taxation and accounting purposes. The deferred tax

balance has not been discounted.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held

under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases

are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to the profit and loss account over the relevant period. The

capital element of the future payments is treated as a liability.

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 December 2015

and 30 November 2016

75,000

AMORTISATION

At 1 December 2015

and 30 November 2016

75,000

NET BOOK VALUE

At 30 November 2016

-

At 30 November 2015

-

3.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 December 2015

25,105

Additions

607

At 30 November 2016

25,712

DEPRECIATION

At 1 December 2015

14,955

Charge for year

2,832

At 30 November 2016

17,787

NET BOOK VALUE

At 30 November 2016

7,925

At 30 November 2015

10,150

4.

CREDITORS

Creditors include an amount of £ 18,090 (30.11.15 - £ 13,268 ) for which security has been given.

5.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30.11.16

30.11.15

value:

£

£

51

Ordinary A

£1

51

51

49

Ordinary B

£1

49

49

100

100

6.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30 November 2016 and

30 November 2015:

30.11.16

30.11.15

£

£

A Black

Balance outstanding at start of year

9,369

-

Amounts advanced

24,973

9,369

Amounts repaid

(9,369

)

-

Balance outstanding at end of year

24,973

9,369