MESSENGER_LEISURE_LIMITED - Accounts

MESSENGER LEISURE LIMITED - Company Information

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Company Registration No. 01321789 (England and Wales)

MESSENGER LEISURE LIMITED

UNAUDITED ABBREVIATED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2016

MESSENGER LEISURE LIMITED

CONTENTS

Page

Abbreviated balance sheet

Notes to the abbreviated accounts

2 - 3

MESSENGER LEISURE LIMITED

ABBREVIATED BALANCE SHEET

AS AT

30 APRIL 2016

- 1 -

2016

2015

Notes

Fixed assets

Tangible assets

1,992

2,656

Current assets

Debtors

3,721

Cash at bank and in hand

468

1,088

468

4,809

Creditors: amounts falling due within one year

(11,169)

(28,482)

Net current liabilities

(10,701)

(23,673)

Total assets less current liabilities

(8,709)

(21,017)

Capital and reserves

Called up share capital

4,300,000

Profit and loss account

(4,308,709)

(4,321,017)

Shareholders' funds

(8,709)

(21,017)

For the financial year ended 30 April 2016 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.

These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.

Approved by the Board for issue on 24 January 2017

S J Shah

Director

Company Registration No. 01321789

MESSENGER LEISURE LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 30 APRIL 2016

- 2 -

Accounting policies

1.1

Accounting convention

The financial statements are prepared under the historical cost convention modified to include the revaluation of freehold land and buildings and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).

The company is reliant on the support of its parent and oher group companies to meet its liabilities as they arise and there has been no indication that this support will be withdrawn. On this basis, the directors consider it appropriate to prepare the financial statements on the going concern basis. The financial statements do not include any adjustments that would result from a withdrawal of this support.

1.2

Compliance with accounting standards

The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).

1.3

Tangible fixed assets and depreciation

Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided at rates calculated to write off the cost or valuation less estimated residual value of each asset over its expected useful life, as follows:

Motor vehicles

25% reducing balance

1.4

Revenue recognition

Revenue is recognised as earned when, and to the extent that, the company obtains the right to consideration in exchange for its provision of services and sale of goods. It is measured at the fair value of the right to consideration, which represents amounts chargeable to customers, including expenses and disbursements but excluding value added tax.

Revenue is recognised as services are provided and on the dispensing of goods to the customer. Revenue not billed to clients is included in debtors and payments on account in excess of the relevant amount of revenue are included in creditors.

1.5

Deferred taxation

Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when timing differences reverse, based on current tax rates and laws.

MESSENGER LEISURE LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)

FOR THE YEAR ENDED 30 APRIL 2016

- 3 -

Fixed assets

Tangible assets

Cost or valuation

At 1 May 2015 & at 30 April 2016

11,193

Depreciation

At 1 May 2015

8,537

Charge for the year

664

At 30 April 2016

9,201

Net book value

At 30 April 2016

1,992

At 30 April 2015

2,656

Share capital

2016

2015

Allotted, called up and fully paid

3,800,000 Ordinary shares of £1 each

3,800,000

500,000 Preference shares of £1 each

500,000

4,300,000

Ultimate parent company

The ultimate parent company is Messenger Group Limited, a company incorporated in Great Britain.