Company Registration No. 04490285 (England and Wales)
1ST LEISURE LIMITED
ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 JULY 2015
Evolution Business and Tax Advisors LLP
Wynyard Park House
Wynyard Avenue
Wynyard
TS22 5TB
1ST LEISURE LIMITED
CONTENTS
Page
Abbreviated balance sheet
1
Notes to the abbreviated accounts
2 - 3
1ST LEISURE LIMITED
ABBREVIATED BALANCE SHEET
AS AT
31 JULY 2015
31 July 2015
- 1 -
2015
2014
Notes
£
£
£
£
Fixed assets
Tangible assets
2
1,503,867
1,489,225
Current assets
Debtors
7,115
3,837
Cash at bank and in hand
4,664
-
11,779
3,837
Creditors: amounts falling due within one year
(299,679)
(300,841)
Net current liabilities
(287,900)
(297,004)
Total assets less current liabilities
1,215,967
1,192,221
Creditors: amounts falling due after more than one year
(1,123,922)
(1,140,898)
Provisions for liabilities
(1,020)
(1,550)
91,025
49,773
Capital and reserves
Called up share capital
3
5
5
Profit and loss account
91,020
49,768
Shareholders' funds
91,025
49,773
For the financial year ended 31 July 2015 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
-
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;
-
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.
Approved by the Board for issue on 29 April 2016
Mr C J Wilkinson
Director
Company Registration No. 04490285
1ST LEISURE LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 JULY 2015
- 2 -
1
Accounting policies
1.1
Accounting convention
The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).
1.2
Compliance with accounting standards
The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).
1.3
Tangible fixed assets and depreciation
Tangible fixed assets other than freehold land are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:
Freehold land and buildings
Nil
Plant and machinery
33% straight line
Fixtures, fittings & equipment
10% reducing balance
Motor vehicles
25% reducing balance
1.4
Deferred taxation
Deferred taxation 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.
2
Fixed assets
Tangible assets
£
Cost
At 1 August 2014
1,542,659
Additions
18,742
At 31 July 2015
1,561,401
Depreciation
At 1 August 2014
53,434
Charge for the year
4,100
At 31 July 2015
57,534
Net book value
At 31 July 2015
1,503,867
At 31 July 2014
1,489,225
1ST LEISURE LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)
FOR THE YEAR ENDED 31 JULY 2015
- 3 -
3
Share capital
2015
2014
£
£
Allotted, called up and fully paid
5 ordinary shares of £1 each
5
5