Reid Leisure Ltd - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 10129070 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD 1 MAY 2019 TO 31 OCTOBER 2019

FOR

REID LEISURE LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

S C Reid

REGISTERED OFFICE:

15 Market Street

Standish

Wigan

Lancashire

WN6 0HW

REGISTERED NUMBER:

10129070 (England and Wales)

ACCOUNTANTS:

ADC Accountants Limited

Chartered Cert. Accountants

15 Market Street

Standish

Wigan

Lancashire

WN6 0HW

FIXED ASSETS

Tangible assets

4

4,725

4,725

CURRENT ASSETS

Debtors

5

165

145

Cash at bank

9,355

9,440

9,520

9,585

CREDITORS

Amounts falling due within one year

6

2,002

1,882

NET CURRENT ASSETS

7,518

7,703

TOTAL ASSETS LESS CURRENT LIABILITIES

12,243

12,428

PROVISIONS FOR LIABILITIES

945

945

NET ASSETS

11,298

11,483

CAPITAL AND RESERVES

Called up share capital

7

100

100

Retained earnings

11,198

11,383

SHAREHOLDERS' FUNDS

11,298

11,483

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 October 2019.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 October 2019 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 7 October 2020 and were signed by:

S C Reid - Director

1.	STATUTORY INFORMATION

Reid Leisure Ltd is a private company, limited by shares , registered in England and Wales. The

company's registered number and registered office address can be found on the Company

Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery etc

-

25% on reducing balance

Taxation

Taxation for the period comprises current and deferred tax. Tax is recognised in the Statement of

Income and Retained Earnings, except to the extent that it relates to items recognised in other

comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have

been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not

reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods

different from those in which they are recognised in financial statements. Deferred tax is

measured using tax rates and laws that have been enacted or substantively enacted by the

period end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is

probable that they will be recovered against the reversal of deferred tax liabilities or other future

taxable profits.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the period was NIL (2019 - 1 ).

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 May 2019

and 31 October 2019

6,300

DEPRECIATION

At 1 May 2019

and 31 October 2019

1,575

NET BOOK VALUE

At 31 October 2019

4,725

At 30 April 2019

4,725

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.10.19

30.4.19

£

£

Other debtors

165

145

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.10.19

30.4.19

£

£

Other creditors

2,002

1,882

7.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.10.19

30.4.19

value:

£

£

100

Ordinary

£1

100

100