Bromsgrove Community Leisure Ltd - Limited company - abbreviated - 11.9

REGISTERED NUMBER: 09043509 (England and Wales)

BROMSGROVE COMMUNITY LEISURE LTD

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE PERIOD 16TH MAY 2014 TO 31ST MAY 2015

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

Chartered Accountants' Report

4

DIRECTORS:

Ms J C Ross

Ms S Duncombe

Mr P S Ormerod

SECRETARY:

Ms J C Ross

REGISTERED OFFICE:

The Oakley

Kidderminster Road

Droitwich

Worcestershire

WR9 9AY

REGISTERED NUMBER:

09043509 (England and Wales)

ACCOUNTANTS:

Ormerod Rutter Limited

Chartered Accountants

The Oakley

Kidderminster Road

Droitwich

Worcestershire

WR9 9AY

BANKERS:

Lloyds TSB Bank plc

112 High Street

Bromsgrove

Worcestershire

B61 8EZ

FIXED ASSETS

Tangible assets

2

16,220

CURRENT ASSETS

Stocks

3,519

Debtors

75,775

Cash at bank and in hand

19,089

98,383

CREDITORS

Amounts falling due within one year

128,133

NET CURRENT LIABILITIES

(29,750

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(13,530

)

RESERVES

Income and expenditure account

(13,530

)

(13,530

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31st May 2015.

The members have not required the company to obtain an audit of its financial statements for the period ended 31st May 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 surplus or deficit 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 11th February 2016 and were signed on its behalf by:

Ms S Duncombe - 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 invoiced sales of services.

Tangible fixed assets

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

Fixtures, fittings and equipment

-

20% on cost and 10% on cost

Computer equipment

-

33% on cost

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow

moving items.

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 income and expenditure account on a straight line basis

over the period of the lease.

Going concern

These financial statements have been drawn up on the going concern basis. If the going concern basis were not

appropriate, adjustments would have been made to reduce assets to recoverable amounts, to provide for any

further liabilities that might arise and to re-classify fixed assets as current assets and long term liabilities as

current liabilities.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

Additions

17,751

At 31st May 2015

17,751

DEPRECIATION

Charge for period

1,531

At 31st May 2015

1,531

NET BOOK VALUE

At 31st May 2015

16,220

3.	LIMITED LIABILITY

The company is limited by guarantee and does not have share capital, but members are obliged to pay £1 in the

event of the company being unable to pay its liabilities.

4.	COMPARATIVES

This is the company's first period of trade, therefore there are no comparatives.

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 three)

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 Bromsgrove Community Leisure Ltd for the period ended 31st May 2015 which comprise the

Income and Expenditure 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 in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at icaew.com/membershandbook.

This report is made solely to the Board of Directors of Bromsgrove Community Leisure 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 Bromsgrove Community Leisure Ltd and state those matters that we have agreed to state to the Board of Directors of Bromsgrove Community Leisure Ltd, as a body, in this report in accordance with AAF 2/10 as detailed at icaew.com/compilation. 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 Bromsgrove Community Leisure 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 Bromsgrove Community Leisure Ltd. You consider that Bromsgrove Community Leisure Ltd is exempt from the statutory audit requirement for the period.

We have not been instructed to carry out an audit or a review of the financial statements of Bromsgrove Community

Leisure 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.

Ormerod Rutter Limited

Chartered Accountants

The Oakley

Kidderminster Road

Droitwich

Worcestershire

WR9 9AY

11th February 2016