Registered Number 02991596
QUEENSGATE LEISURE SERVICES LIMITED
Abbreviated Accounts
31 October 2016
Notes | 2016 | 2015 | |
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£ | £ | ||
Fixed assets | |||
Intangible assets | 2 |
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Tangible assets | 3 |
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Investments | 4 |
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Current assets | |||
Stocks |
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Debtors |
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Cash at bank and in hand |
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Creditors: amounts falling due within one year |
( |
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Net current assets (liabilities) |
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Total assets less current liabilities |
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Total net assets (liabilities) |
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Capital and reserves | |||
Called up share capital | 5 |
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Share premium account |
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Other reserves |
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Profit and loss account |
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Shareholders' funds |
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Approved by the Board on
And signed on their behalf by:
1 Accounting Policies
Basis of measurement and preparation of accounts
Turnover policy
Tangible assets depreciation policy
Freehold land and buildings Buildings 50 years on a straight line basis
Leasehold land and buildings On a straight line over 24 years
Plant and machinery Over 4 - 10 years on a straight line basis
Fixtures fittings and equipment Over 5 years on a straight line basis
Motor vehicles 25% per annum on a reducing balance basis
Intangible assets amortisation policy
Other accounting policies
Stock is valued at the lower of cost and net realisable value.
Pensions
The company operates a defined contribution pension scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.
Deferred taxation
Full provision is made for deferred taxation resulting from timing differences between the recognition of gains and losses in the accounts and their recognition for tax purposes. Deferred taxation is calculated on an un-discounted basis at the tax rates which are expected to apply in the periods when the timing difference will reverse
£ | |
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Cost | |
At 1 November 2015 |
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Additions |
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Disposals |
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Revaluations |
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Transfers |
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At 31 October 2016 |
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Amortisation | |
At 1 November 2015 |
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Charge for the year |
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On disposals |
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At 31 October 2016 |
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Net book values | |
At 31 October 2016 | 101,413 |
At 31 October 2015 | 140,444 |
£ | |
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Cost | |
At 1 November 2015 |
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Additions |
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Disposals |
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Revaluations |
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Transfers |
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At 31 October 2016 |
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Depreciation | |
At 1 November 2015 |
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Charge for the year |
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On disposals |
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At 31 October 2016 |
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Net book values | |
At 31 October 2016 | 82,428 |
At 31 October 2015 | 61,987 |
4
Fixed assets Investments
Disposal (£160,000)
Cost 31 October 2016 -
6 Transactions with directors
Name of director receiving advance or credit: |
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Description of the transaction: |
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Balance at 1 November 2015: |
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Advances or credits made: | £ |
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Advances or credits repaid: | £ |
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Balance at 31 October 2016: | £ |
Name of director receiving advance or credit: |
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Description of the transaction: |
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Balance at 1 November 2015: |
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Advances or credits made: | £ |
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Advances or credits repaid: | £ |
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Balance at 31 October 2016: | £ |