Company Registration No. 04490285 (England and Wales)
1ST LEISURE LIMITED
ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 JULY 2016
Evolution
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 2016
31 July 2016
- 1 -
2016
2015
Notes
£
£
£
£
Fixed assets
Tangible assets
2
1,520,240
1,503,867
Current assets
Debtors
1,298
7,115
Cash at bank and in hand
1,549
4,664
2,847
11,779
Creditors: amounts falling due within one year
(290,027)
(299,679)
Net current liabilities
(287,180)
(287,900)
Total assets less current liabilities
1,233,060
1,215,967
Creditors: amounts falling due after more than one year
(1,123,922)
(1,123,922)
Provisions for liabilities
(4,533)
(1,020)
104,605
91,025
Capital and reserves
Called up share capital
3
5
5
Profit and loss account
104,600
91,020
Shareholders' funds
104,605
91,025
For the financial year ended 31 July 2016 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 her 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 25 April 2017
Miss C L Wilkinson
Director
Company Registration No. 04490285
1ST LEISURE LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 JULY 2016
- 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 January 2015).
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 2015
1,561,401
Additions
20,000
At 31 July 2016
1,581,401
Depreciation
At 1 August 2015
57,534
Charge for the year
3,627
At 31 July 2016
61,161
Net book value
At 31 July 2016
1,520,240
At 31 July 2015
1,503,867
1ST LEISURE LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)
FOR THE YEAR ENDED 31 JULY 2016
- 3 -
3
Share capital
2016
2015
£
£
Allotted, called up and fully paid
5 ordinary shares of £1 each
5
5