Company Registration No. SC278404 (Scotland)
Ayrshire Leisure Ltd
Unaudited accounts
for the year ended 31 January 2017
Ayrshire Leisure Ltd
Unaudited accounts
Contents
Ayrshire Leisure Ltd
Company Information
for the year ended 31 January 2017
Directors
Paul James Moon
Gordon Sutherland
Company Number
SC278404 (Scotland)
Registered Office
3 DUNLIN WAY
COATBRIDGE
LANARKSHIRE
ML5 4UY
Accountants
Oak Team Associates Limited
272 Bath Street
Glasgow
G2 4JR
Ayrshire Leisure Ltd
Statement of financial position
as at 31 January 2017
Intangible assets
42,900
44,000
Tangible assets
175,953
179,502
Creditors: amounts falling due within one year
(88,756)
(109,888)
Net current liabilities
(43,604)
(85,418)
Total assets less current liabilities
175,249
138,084
Creditors: amounts falling due after more than one year
(164,574)
(176,005)
Net assets/(liabilities)
10,675
(37,921)
Called up share capital
2
2
Profit and loss account
10,673
(37,923)
Shareholders' funds
10,675
(37,921)
For the year ending 31 January 2017 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
Approved by the Board on 8 September 2017.
Paul James Moon
Director
Company Registration No. SC278404
Ayrshire Leisure Ltd
Notes to the Accounts
for the year ended 31 January 2017
Ayrshire Leisure Ltd is a private company, limited by shares, registered in Scotland, registration number SC278404. The principal place of business is Stewarton Arms, 6 Avenue Square, Stewarton, KA3 5AB.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
These financial statements for the year ended 31 January 2017 are the first financial statements that comply with FRS 102 Section 1A Small Entities. The date of transition is 1 February 2015.
The transition to FRS 102 Section 1A Small Entities has resulted in a small number of changes in accounting policies to those used previously.
The nature of these changes and their impact on opening equity and profit for the comparative period are explained in the notes below.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover represents the value, net of VAT and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
Tangible fixed assets policy
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Land & buildings
No depreciation is charged on heritable property
Fixtures & fittings
Between 10% and 33% on a straight line basis
Intangible fixed assets (including purchased goodwill and patents) are amortised at rates calculated to write off the assets on a straight basis over their estimated useful economic lives. Impairment of intangible fixed assets is only reviewed where circumstances indicate that the carrying value of an asset may not be fully recoverable.
Ayrshire Leisure Ltd
Notes to the Accounts
for the year ended 31 January 2017
4
Intangible fixed assets
Goodwill
5
Tangible fixed assets
Land & buildings
Plant & machinery
Total
Cost or valuation
At cost
At cost
At 1 February 2016
206,735
224,993
431,728
At 31 January 2017
206,735
224,993
431,728
At 1 February 2016
30,782
221,444
252,226
Charge for the year
-
3,549
3,549
At 31 January 2017
30,782
224,993
255,775
At 31 January 2017
175,953
-
175,953
At 31 January 2016
175,953
3,549
179,502
Finished goods
4,087
2,895
Other debtors
41,065
21,575
Ayrshire Leisure Ltd
Notes to the Accounts
for the year ended 31 January 2017
8
Creditors: amounts falling due within one year
2017
2016
Bank loans and overdrafts
19,543
19,884
Trade creditors
3,576
23,557
Taxes and social security
24,622
3,535
Other creditors
40,665
48,155
Loans from directors
-
14,757
9
Creditors: amounts falling due after more than one year
2017
2016
Bank loans
164,574
176,005
Allotted, called up and fully paid:
2 Ordinary shares of £1 each
2
2
11
Average number of employees
During the year the average number of employees was 6 (2016: 6).
