Company Registration Number 00348134 (England and Wales)
IGHTEN MOUNT BOWLING CLUB LTD
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2018
PAGES FOR FILING WITH REGISTRAR
IGHTEN MOUNT BOWLING CLUB LTD
DIRECTOR'S REPORT
FOR THE YEAR ENDED 28 FEBRUARY 2018
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The director presents his annual report and financial statements for the year ended 28 February 2018.
Director
The director who held office during the year and up to the date of signature of the financial statements was as follows:
D J Procter
Disabled persons
Applications for employment by disabled persons are always fully considered, bearing in mind the aptitudes of the applicant concerned. In the event of members of staff becoming disabled, every effort is made to ensure that their employment within the company's continues and that the appropriate training is arranged. It is the policy of the company that the training, career development and promotion of disabled persons should, as far as possible, be identical to that of other employees.
This report has been prepared in accordance with the provisions applicable to companies entitled to the small companies' exemption.
On behalf of the board
D J Procter
Director
30 June 2018
IGHTEN MOUNT BOWLING CLUB LTD
BALANCE SHEET
AS AT
28 FEBRUARY 2018
28 February 2018
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2018
2017
£
£
£
£
Fixed assets
32,041
34,114
Current assets
17,051
8,355
Creditors: amounts falling due within one year
(30,107)
(32,988)
Net current liabilities
(13,056)
(24,633)
Total assets less current liabilities
18,985
9,481
Net assets
18,985
9,481
Capital and reserves
18,985
9,481
Notes to the financial statements
1
Average employees
The average number of persons (including directors) employed by the company during the year was 0 (2017 - 0).
2
Corporation Tax Calculation
Corporation Tax has been charged on £3,618 of the Profit, giving a Corporation Tax liability of £690.
Given that a large proportion of the income is Exempt from Corporation Tax because of its non-trading nature, income and expenses have been apportioned between trading activity and non-trading activity for the year.
The trading income is from Non-Members and is made up of the Bar Downstairs, Door Takings and Lettings, which totals £61,307. This is 38.5% of the total Income.
Expenses have been apportioned in line with the split of income between trading and non-trading, except that 100% of Repairs and Renewals has been charged to trading expenditure and 100% of Entertaining expenses and Investor Interest being charged to non trade expenditure. Total trading expenses is £57,688.
This results in £3,618 of Taxable Trading Profit for the year, which has been taxed using a blended Corporation Tax rate of 19.09% resulting in £690 of Corporation Tax for the year charged.
Ighten Mount Bowling Club Ltd is a private company limited by shares incorporated in England and Wales. The registered office is Romford Street, Burnley, BB12 8AF.
The director of the company has elected not to include a copy of the profit and loss account within the financial statements.
For the year ended 28 February 2018 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
IGHTEN MOUNT BOWLING CLUB LTD
BALANCE SHEET (CONTINUED)
AS AT
28 FEBRUARY 2018
28 February 2018
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The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.
These financial statements have been prepared in accordance with the micro-entity provisions and in accordance with FRS 105 'The Financial Reporting Standard applicable to the Micro-entities Regime' and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The financial statements were approved and signed by the director and authorised for issue on 30 June 2018
D J Procter
Director
Company Registration Number 00348134