B & R Leisure Ltd - Limited company - abbreviated

REGISTERED NUMBER: 06398435 (England and Wales)

Abbreviated Unaudited Accounts

for the Year Ended

30 June 2015

for

B & R Leisure Ltd

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

Chartered Certified Accountants' Report

6

DIRECTOR:

W Reynolds Esq

SECRETARY:

Mrs J A Reynolds

REGISTERED OFFICE:

Bartestree Court

Bartestree

Herefordshire

HR1 4DA

REGISTERED NUMBER:

06398435 (England and Wales)

ACCOUNTANTS:

Hawkins Priday Ltd

Chartered Certified Accountants

5 Bridge Street

Hereford

HR4 9DF

BANKERS:

Lloyds TSB Bank plc

8 High Town

Hereford

HR1 2AE

SOLICITORS:

Okells Solicitors

Church Row

Ross-on-Wye

Herefordshire

HR9 5HR

FIXED ASSETS

Tangible assets

2

951,770

967,584

Investment property

3

120,971

70,769

1,072,741

1,038,353

CURRENT ASSETS

Stocks

41,480

42,228

Debtors

562,038

253,357

Cash at bank and in hand

80,604

253,040

684,122

548,625

CREDITORS

Amounts falling due within one year

166,973

133,189

NET CURRENT ASSETS

517,149

415,436

TOTAL ASSETS LESS CURRENT
LIABILITIES

1,589,890

1,453,789

PROVISIONS FOR LIABILITIES

15,572

15,259

NET ASSETS

1,574,318

1,438,530

CAPITAL AND RESERVES

Called up share capital

4

200

Share premium

1,062,272

Profit and loss account

511,846

376,058

SHAREHOLDERS' FUNDS

1,574,318

1,438,530

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 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 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 director on 31 March 2016 and were signed by:

W Reynolds Esq - 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).

Exemption from preparing a cash flow statement

Exemption has been taken from preparing a cash flow statement on the grounds that the company qualifies as a

small company.

Turnover

Turnover represents net invoiced sales of goods and services, excluding value added tax.

Tangible fixed assets

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

Land and buildings

-

2% on cost

Plant and machinery etc

-

33.3% on cost, 25% on reducing balance, 20% on reducing balance and Nil

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in

market value is transferred to a revaluation reserve.

Stocks and work in progress

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

moving items.

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

Long term work in progress is valued in accordance with the Financial Reporting standard for smaller entities

(effective April 2008). Where the outcome of such contracts can be assessed with reasonable certainty before

their conclusion, the attributable profit is calculated on a prudent basis and included within the accounts. Where

the outcome cannot be assessed with reasonable certainty before their conclusion, no profit is reflected within the

profit and loss account in respect of such contracts.

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

1,127,094

Additions

20,423

Disposals

(1,755

)

At 30 June 2015

1,145,762

DEPRECIATION

At 1 July 2014

159,510

Charge for year

36,237

Eliminated on disposal

(1,755

)

At 30 June 2015

193,992

NET BOOK VALUE

At 30 June 2015

951,770

At 30 June 2014

967,584

3.	INVESTMENT PROPERTY

Total

£

COST

At 1 July 2014

70,769

Additions

50,202

At 30 June 2015

120,971

NET BOOK VALUE

At 30 June 2015

120,971

At 30 June 2014

70,769

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30.6.15

30.6.14

value:

£

200

Ordinary

£1

200

5.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

At the start of the year the Company was owed £51,859 (2014: £15,615) by Mr W Reynolds which has been

repaid during the year. Mr W Reynolds has subsequently provided a loan to the Company and is owed £838 as at

the year end date..

All advances made either to or from the Director were interest free and are repayable on demand.

The following reproduces the text of the report prepared for the director 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

accounts of B & R Leisure Ltd for the year ended 30 June 2015 as set out on pages 3 to 9 from the company's

accounting records and from information and explanations you have given us.

As a member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other

professional requirements which are detailed at http://accaglobal.com/rulebook.

This report is made solely to the Director of B & R Leisure Ltd in accordance with the terms of our engagement letter.

Our work has been undertaken solely to prepare for approval by the Director the accounts of B & R Leisure Ltd and

state those matters that we have agreed to state to the Director of B & R Leisure Ltd , in this report in accordance with

the requirements of the Association of Chartered Certified Accountants as detailed at

http://accaglobal.com/factsheet163. To the fullest extent permitted by law, we do not accept or assume responsibility to

anyone other than B & R Leisure Ltd and its Director for our work or for this report.

It is your duty to ensure that B & R Leisure Ltd has kept adequate accounting records and to prepare statutory accounts

that give a true and fair view of the assets, liabilities, financial position and profit of B & R Leisure Ltd. You consider

that B & R Leisure 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 accounts of B & R 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 accounts.

Hawkins Priday Ltd

Chartered Certified Accountants

5 Bridge Street

Hereford

HR4 9DF

31 March 2016

B & R Leisure Ltd - Limited company - abbreviated - 11.9

B & R Leisure Ltd - Limited company - abbreviated - 11.9