Gainsborough Leisure Ltd - Abbreviated accounts 16.3

REGISTERED NUMBER: 01983361 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 31 MARCH 2016

FOR

GAINSBOROUGH LEISURE LTD

Page

Company Information

1

Abbreviated Balance Sheet

2

to

3

Notes to the Abbreviated Accounts

4

DIRECTORS:

K F Ellis

Mrs H L G Hunt

SECRETARY:

K F Ellis

REGISTERED OFFICE:

The Estate Office

Egginton Hall, Church Road

Egginton

DERBY

DE65 6HP

REGISTERED NUMBER:

01983361 (England and Wales)

ACCOUNTANTS:

Smith Cooper Limited

Chartered Accountants

St.Helens House

King Street

Derby

DE1 3EE

BANKERS:

Lloyds TSB

43 Irongate

Derby

Derbyshire

DE1 3FJ

FIXED ASSETS

Tangible assets

2

1,948,879

1,948,960

CURRENT ASSETS

Debtors

8,083

244

Cash at bank and in hand

68,380

21,297

76,463

21,541

CREDITORS

Amounts falling due within one year

1,144,491

1,366,364

NET CURRENT LIABILITIES

(1,068,028

)

(1,344,823

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

880,851

604,137

CREDITORS

Amounts falling due after more than one
year

(245,748

)

-

PROVISIONS FOR LIABILITIES

(569

)

-

NET ASSETS

634,534

604,137

CAPITAL AND RESERVES

Called up share capital

3

25,000

Share premium

47,552

Profit and loss account

561,982

531,585

SHAREHOLDERS' FUNDS

634,534

604,137

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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 19 December 2016 and were signed on
its behalf by:

Mrs H L G Hunt - 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.

Tangible fixed assets

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

Fixtures and fittings

-

20% on reducing balance

Motor vehicles

-

25% on reducing balance

Deferred tax

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

the balance sheet date.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 April 2015

2,107,882

Additions

6,454

Disposals

(22,349

)

At 31 March 2016

2,091,987

DEPRECIATION

At 1 April 2015

158,922

Charge for year

6,535

Eliminated on disposal

(22,349

)

At 31 March 2016

143,108

NET BOOK VALUE

At 31 March 2016

1,948,879

At 31 March 2015

1,948,960

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2016

2015

value:

£

100,000

Ordinary

£0.25

25,000