Company Registration No. 07645454 (England and Wales)
2 FAT LADIES LEISURE LIMITED
UNAUDITED ABBREVIATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2016
2 FAT LADIES LEISURE LIMITED
CONTENTS
Page
Abbreviated balance sheet
1 - 2
Notes to the abbreviated accounts
3 - 4
2 FAT LADIES LEISURE LIMITED
ABBREVIATED BALANCE SHEET
AS AT
31 OCTOBER 2016
31 October 2016
- 1 -
2016
2015
Notes
£
£
£
£
Fixed assets
Intangible assets
2
37,200
44,640
Tangible assets
2
10,174
12,718
Investments
2
20,000
25,000
67,374
82,358
Current assets
Stocks
4,201
4,063
Debtors
4,700
4,737
Cash at bank and in hand
214,566
161,183
223,467
169,983
Creditors: amounts falling due within one year
(72,828)
(68,427)
Net current assets
150,639
101,556
Total assets less current liabilities
218,013
183,914
Creditors: amounts falling due after more than one year
(71,639)
(80,238)
146,374
103,676
Capital and reserves
Called up share capital
3
30
30
Profit and loss account
146,344
103,646
Shareholders' funds
146,374
103,676
2 FAT LADIES LEISURE LIMITED
ABBREVIATED BALANCE SHEET (CONTINUED)
AS AT
31 OCTOBER 2016
31 October 2016
- 2 -
For the financial year ended 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 of its financial statements for the year in question in accordance with section 476;
-
The directors acknowledge their 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 and authorised for issue on 11 May 2017
Mr Paul Hocking
Director
Company Registration No. 07645454
2 FAT LADIES LEISURE LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 OCTOBER 2016
- 3 -
1
Accounting policies
1.1
Accounting convention
The financial statements are prepared under the historical cost convention.
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
Turnover
Turnover represents amounts receivable for goods and services net of VAT and trade discounts.
1.4
Goodwill
Acquired goodwill is written off in equal annual instalments over its estimated useful economic life.
1.5
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 less estimated residual value of each asset over its expected useful life, as follows:
Plant and machinery
20% reducing balance
1.6
Investments
Fixed asset investments are stated at cost less provision for diminution in value.
1.7
Stock
Stock is valued at the lower of cost and net realisable value.
1.8
Pensions
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are charged to the profit and loss account in the year they are payable.
1.9
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 FAT LADIES LEISURE LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)
FOR THE YEAR ENDED 31 OCTOBER 2016
- 4 -
2
Fixed assets
Intangible assets
Tangible assets
Investments
Total
£
£
£
£
Cost
At 1 November 2015
74,400
29,960
25,000
129,360
Disposals
-
-
(5,000)
(5,000)
At 31 October 2016
74,400
29,960
20,000
124,360
Depreciation
At 1 November 2015
29,760
17,242
-
47,002
Charge for the year
7,440
2,544
-
9,984
At 31 October 2016
37,200
19,786
-
56,986
Net book value
At 31 October 2016
37,200
10,174
20,000
67,374
At 31 October 2015
44,640
12,718
25,000
82,358
3
Share capital
2016
2015
£
£
Allotted, called up and fully paid
30 Ordinary of £1 each
30
30