Lexden Rackets and Fitness Club Limited - Abbreviated accounts 16.3

REGISTERED NUMBER: 03315004 (England and Wales)

Lexden Rackets and Fitness Club Limited

(A Company Limited by Guarantee)

Abbreviated Unaudited Accounts

for the Year Ended 31st August 2016

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTORS:

G St Claire Cameron Deane

M Hall

P J Webber

Mrs C E Hogan

Ing J C Van Heumen

Mrs J C Jarvis

D A Waters

SECRETARY:

G St Claire Cameron Deane

REGISTERED OFFICE:

Chitts Hill

Lexden

Colchester

Essex.

CO3 5ST

REGISTERED NUMBER:

03315004 (England and Wales)

ACCOUNTANTS:

Cheney & Co

310 Wellingborough Road

Northampton

NN1 4EP

CURRENT ASSETS

Debtors

33,355

31,269

Cash at bank and in hand

61,429

62,067

94,784

93,336

CREDITORS

Amounts falling due within one year

29,626

30,178

NET CURRENT ASSETS

65,158

63,158

TOTAL ASSETS LESS CURRENT LIABILITIES

65,158

63,158

RESERVES

Development reserve

65,158

63,158

65,158

63,158

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31st August 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 13th March 2017 and were signed on its behalf by:

G St Claire Cameron Deane - 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 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.

Computer equipment

-

33% on cost

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.

Development reserve

The company's Memorandum and Articles of Association prohibits the distribution of any profits to members.

Accordingly, (deficits)/surpluses are transferred to a development reserve for the promotion of the company's

objects.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1st September 2015

and 31st August 2016

970

DEPRECIATION

At 1st September 2015

and 31st August 2016

970

NET BOOK VALUE

At 31st August 2016

-

At 31st August 2015

-