Perfect Day Pubs and Bars Limited

		Period to 31 October 2016
	Notes	£	£
FIXED ASSETS
Tangible Assets	2		36,440

			36,440
CURRENT ASSETS
Stocks		4,008
Debtors		10,112
Cash at bank and in hand		11,495

		25,615
Creditors: Amounts Falling Due Within One Year		(27,897 )

NET CURRENT ASSETS (LIABILITIES)			(2,282 )

TOTAL ASSETS LESS CURRENT LIABILITIES			34,158

Creditors: Amounts Falling Due After More Than One Year	3		(54,271 )

NET ASSETS			(20,113 )

Profit and Loss Account			(20,113 )

SHAREHOLDERS' FUNDS			(20,113 )

Company No. 09839064

Abbreviated Balance Sheet (continued) 31 October 2016

For the period ending 31 October 2016 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

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 abbreviated accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the Financial Reporting Standard for Smaller Entities (effective 2015).

On behalf of the board

Miss Sally Baker	Mr Martin Thomas-Taylor
21st July 2017

1. Accounting Policies

1.1. Basis of Preparation of Financial Statements

The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).

1.2. Turnover

Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.

1.3. Research and Development

Expenditure on research and development is written off in the year it is incurred.

1.4. Tangible Fixed Assets and Depreciation

Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Plant & Machinery	15
Motor Vehicles	25
Fixtures & Fittings	15
Computer Equipment	50

1.5. Stocks and Work in Progress

Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.

2. Tangible Assets


	Total
Cost	£
As at 11 December 2015	-
Additions	42,871

As at 31 October 2016	42,871

Depreciation
As at 11 December 2015	-
Provided during the period	6,431

As at 31 October 2016	6,431

Net Book Value
As at 31 October 2016	36,440

As at 11 December 2015	-

Page 2

Perfect Day Pubs and Bars Limited

Notes to the Abbreviated Accounts (continued)

For the Period 11 December 2015 to 31 October 2016

3. Creditors: Amounts Falling Due After More Than One Year

	Period to 31 October 2016
	£
Bank loans	11,415
Directors loan account	42,856

	54,271

4. Ultimate Controlling Party

The company's ultimate controlling party is by virtue of his ownership of 100% of the issued share capital in the company.