Lakes Hotel & Supertours Limited - Abbreviated accounts 16.1

REGISTERED NUMBER: 02508371 (England and Wales)

ABBREVIATED ACCOUNTS FOR THE YEAR ENDED 30 APRIL 2016

FOR

LAKES HOTEL & SUPERTOURS LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

Mr A J Dobson

Mrs M P A Dobson

SECRETARY:

Mrs M P A Dobson

REGISTERED OFFICE:

T/as Lakes Lodge and Lakes Supertours

Lakes Lodge

1 High Street

WINDERMERE

Cumbria

LA23 1AF

REGISTERED NUMBER:

02508371 (England and Wales)

ACCOUNTANTS:

Lakes Accountancy Limited

Chartered Accountants

11-12 Church Street

WINDERMERE

Cumbria

LA23 1AQ

FIXED ASSETS

Intangible assets

2

-

Tangible assets

3

23,906

31,668

23,906

31,668

CURRENT ASSETS

Stocks

550

500

Debtors

12,056

35,737

Cash at bank and in hand

2,553

1,518

15,159

37,755

CREDITORS

Amounts falling due within one year

34,263

54,826

NET CURRENT LIABILITIES

(19,104

)

(17,071

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

4,802

14,597

CREDITORS

Amounts falling due after more than one
year

-

(8,090

)

PROVISIONS FOR LIABILITIES

(4,596

)

(6,108

)

NET ASSETS

206

399

CAPITAL AND RESERVES

Called up share capital

4

8

Profit and loss account

198

391

SHAREHOLDERS' FUNDS

206

399

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2016 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 20 June 2016 and were signed on its behalf by:

Mr A J Dobson - 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 January 2015).

Turnover

Turnover represents net invoiced sales of goods, excluding value added tax, except in respect of service contracts

where turnover is recognised when the company obtains the right to consideration.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2004, is being amortised evenly over its estimated useful life of ten years.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Fixtures and fittings

-

30% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

30% on reducing balance

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

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held

under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases

are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to the profit and loss account over the relevant period. The

capital element of the future payments is treated as a liability.

2.	INTANGIBLE FIXED ASSETS

Total

£

COST

At 1 May 2015

and 30 April 2016

56,150

AMORTISATION

At 1 May 2015

and 30 April 2016

56,150

NET BOOK VALUE

At 30 April 2016

-

At 30 April 2015

-

3.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 May 2015

and 30 April 2016

93,870

DEPRECIATION

At 1 May 2015

62,202

Charge for year

7,762

At 30 April 2016

69,964

NET BOOK VALUE

At 30 April 2016

23,906

At 30 April 2015

31,668

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2016

2015

value:

£

8

Ordinary

1

8

5.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 30 April 2016 and

30 April 2015:

2016

2015

£

Mr A J Dobson

Balance outstanding at start of year

11,973

5,520

Amounts advanced

14,450

22,953

Amounts repaid

(26,853

)

(16,500

)

Balance outstanding at end of year

(430

)

11,973

Mrs M P A Dobson

Balance outstanding at start of year

11,973

5,520

Amounts advanced

22,789

30,918

Amounts repaid

(35,192

)

(24,465

)

Balance outstanding at end of year

(430

)

11,973