Adcroft Amusements Ltd - Limited company - abbreviated

REGISTERED NUMBER: NI043068 (Northern Ireland)

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 30 JUNE 2015

FOR

ADCROFT AMUSEMENTS LTD

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

Chartered Accountants' Report

6

DIRECTORS:

Mr John William Adcroft

Mrs Lindsey Caris Adcroft

SECRETARY:

Mrs Lindsey Caris Adcroft

REGISTERED OFFICE:

10 Knockantern Grove

Mount Sandal

Coleraine

Co. Antrim

BT52 1NU

REGISTERED NUMBER:

NI043068 (Northern Ireland)

ACCOUNTANTS:

D M McNaught & Co Ltd

Chartered Accountants

166 Buchanan Street

Glasgow

Lanarkshire

G1 2LW

BANKERS:

Royal Bank of Scotland Plc

Glasgow Paisley Road Branch

469 Paisley Road

Glasgow

G5 8RJ

SOLICITORS:

Stephen Perrott & Co

Solicitors

49c High Street

Holywood

Co Down

BT18 9AB

FIXED ASSETS

Tangible assets

2

615,050

633,280

Investments

3

12,752

627,802

646,032

CURRENT ASSETS

Stocks

135,645

162,300

Cash at bank and in hand

10,218

6,243

145,863

168,543

CREDITORS

Amounts falling due within one year

4

123,164

186,822

NET CURRENT ASSETS/(LIABILITIES)

22,699

(18,279

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

650,501

627,753

CREDITORS

Amounts falling due after more than one
year

4

219,306

195,462

NET ASSETS

431,195

432,291

CAPITAL AND RESERVES

Called up share capital

5

100

Share premium

417,419

Profit and loss account

13,676

14,772

SHAREHOLDERS' FUNDS

431,195

432,291

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2015.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2015 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the Board of Directors on 8 July 2015 and were signed on its behalf by:

Mr John William Adcroft - Director

1.	ACCOUNTING POLICIES

Accounting convention

The financial statements have been prepared under the historical cost convention and in accordance with the

Financial Reporting Standard for Smaller Entities (effective April 2008).

Turnover

Turnover represents the total cash takings from amusement machines , less vat and machine games duty.

Tangible fixed assets

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

Freehold property

-

2% on cost

Plant and machinery

-

25% on reducing balance

Fixtures and fittings

-

15% on reducing balance

Stocks

Work in progress is valued at the lower of cost and net realisable value.

Cost includes all direct expenditure and an appropriate proportion of fixed and variable overheads.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance

sheet date.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to the profit and loss account on a straight line basis over the

period of the lease.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 July 2014

1,172,148

Additions

12,723

At 30 June 2015

1,184,871

DEPRECIATION

At 1 July 2014

538,868

Charge for year

30,953

At 30 June 2015

569,821

NET BOOK VALUE

At 30 June 2015

615,050

At 30 June 2014

633,280

3.	FIXED ASSET INVESTMENTS

Investments

other

than

loans

£

COST

At 1 July 2014

and 30 June 2015

12,752

NET BOOK VALUE

At 30 June 2015

12,752

At 30 June 2014

12,752

The company's investments at the Balance Sheet date in the share capital of companies include the following:

Kiddieland Ltd

Nature of business: Non Trading

%

Class of shares:

holding

Ordinary

100.00

30/9/14

30/9/13

£

Aggregate capital and reserves

12,572

4.

CREDITORS

Creditors include an amount of £ 248,095 (2014 - £ 253,935 ) for which security has been given.

5.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2015

2014

value:

£

100

ORDINARY

£1

100

The following reproduces the text of the report prepared for the directors in respect of the company's annual

unaudited financial statements, from which the unaudited abbreviated accounts (set out on pages two to five)

have been prepared.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the

financial statements of Adcroft Amusements Ltd for the year ended 30 June 2015 which comprise the Profit and Loss

Account, the Balance Sheet, and the related notes from the company's accounting records and from information and

explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants of Scotland, we are subject to its ethical and other professional requirements which are detailed at http://www.icas.org.uk/accountspreparationguidance.

This report is made solely to the Board of Directors of Adcroft Amusements Ltd, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Adcroft Amusements Ltd and state those matters that we have agreed to state to the Board of Directors of Adcroft Amusements Ltd, as a body, in this report in accordance with the requirements of the Institute of Chartered Accountants of Scotland as detailed at http://www.icas.org.uk/accountspreparationguidance. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Adcroft Amusements Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Adcroft Amusements Ltd. You consider that Adcroft Amusements Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Adcroft Amusements Ltd.

For this reason, we have not verified the accuracy or completeness of the accounting records or information and

explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

D M McNaught & Co Ltd

Chartered Accountants

166 Buchanan Street

Glasgow

Lanarkshire

G1 2LW

9 July 2015

Adcroft Amusements Ltd - Limited company - abbreviated - 11.6

Adcroft Amusements Ltd - Limited company - abbreviated - 11.6