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Blacksticks Restaurant Limited
Registered Number:06762824
For the year ended 31 March 2018
England and Wales
Unaudited Financial Statements
2
For the year ended 31 March 2018
Blacksticks Restaurant Limited
Contents Page
1
Statement of Financial Position
2 to 4
Notes to the Financial Statements
3
As at 31 March 2018
Blacksticks Restaurant Limited
Statement of Financial Position
Registered Number :
06762824
£
£
2017
2018
Notes
Fixed assets
Intangible assets
12,398
13,526
2
Property, plant and equipment
33,250
37,070
3
45,648
50,596
Current assets
Inventories
10,500
11,500
4
Trade and other receivables
10,136
-
5
100,757
Cash and cash equivalents
92,871
104,371
121,393
Trade and other payables: amounts falling due within one
year
(78,909)
(64,568)
6
42,484
39,803
Net current assets
Total assets less current liabilities
85,451
93,080
85,451
Net assets
93,080
Capital and reserves
Called up share capital
100
100
Retained earnings
85,351
92,980
85,451
93,080
Shareholders' funds
For the year ended 31 March 2018 the company was entitled to exemption from audit under Section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2018 in accordance with Section 476 of the Companies Act 2006
The director acknowledges his responsibilities for:a) ensuring that the company keeps proper 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 Section
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 Income Statement has not been delivered.
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
Mr John Doyle Director
These financial statements were approved and authorised for issue by the Board on 29 October 2018 and were signed by:
The notes form part of these financial statements
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4
For the year ended 31 March 2018
Blacksticks Restaurant Limited
Notes to the Financial Statements
Statutory Information
Blacksticks Restaurant Limited is a private limited company, limited by shares, domiciled in England and Wales,
registration number 06762824.
Principal place of business:
221 Monton Road
Eccles
Manchester
M30 9PN
Registered address:
4A Moss Lane
Swinton
Manchester
Lancashire
M27 9SA
The presentation currency is £ sterling.
1. Accounting policies
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A 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 costs convention as
modified by the revaluation of certain assets.
Revenue recognition
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 0, is being amortised evenly over its estimated useful life of 20 years.
Property, plant and equipment
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Plant and machinery
15% Reducing balance
10% Reducing balance
Fixtures and fittings
Inventories
Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.
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5
For the year ended 31 March 2018
Blacksticks Restaurant Limited
Notes to the Financial Statements Continued
2. Intangible fixed assets
Goodwill
Cost or valuation
£
At 01 April 2017
22,550
At 31 March 2018
22,550
Amortisation
At 01 April 2017
9,024
1,128
Charge for year
At 31 March 2018
10,152
Net book value
At 31 March 2018
12,398
At 31 March 2017
13,526
3. Property, plant and equipment
Total
Fixtures and
fittings
Plant and
machinery
£
£
£
Cost or
valuation
At 01 April 2017
50,450
44,748
5,702
At 31 March 2018
5,702
44,748
50,450
Provision for depreciation and impairment
At 01 April 2017
13,380
9,935
3,445
Charge for year
3,820
3,481
339
At 31 March 2018
17,200
13,416
3,784
At 31 March 2018
Net book value
1,918
31,332
33,250
At 31 March 2017
2,257
34,813
37,070
4. Inventories
2017
2018
£
£
Stocks
11,500
10,500
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6
For the year ended 31 March 2018
Blacksticks Restaurant Limited
Notes to the Financial Statements Continued
5. Trade and other receivables
2017
2018
£
£
Other debtors
-
10,136
The debtors above include the following amounts falling due after more than one year:
Other debtors
-
10,136
6. Trade and other payables: amounts falling due within one year
2017
2018
£
£
Trade creditors
18,522
24,873
Taxation and social security
25,316
36,058
Other creditors
20,730
17,978
64,568
78,909
Included within other creditors are amounts owing to the director Mr J Doyle £19789.94 This loan is interest free and repayable on demand.
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