Champion Leisure Lincoln Ltd - Limited company - abbreviated - 11.6

Champion Leisure Lincoln Ltd - Limited company - abbreviated - 11.6

CHAMPION LEISURE LINCOLN LTD - Company Information

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REGISTERED NUMBER: 06290516 (England and Wales)















ABBREVIATED UNAUDITED ACCOUNTS FOR THE YEAR ENDED 30 JUNE 2014

FOR

CHAMPION LEISURE LINCOLN LTD

CHAMPION LEISURE LINCOLN LTD (REGISTERED NUMBER: 06290516)






CONTENTS OF THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 30 JUNE 2014




Page

Company Information 1

Abbreviated Balance Sheet 2

Notes to the Abbreviated Accounts 4

CHAMPION LEISURE LINCOLN LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 30 JUNE 2014







DIRECTOR: D J Hubbard





REGISTERED OFFICE: 83 Waterloo Street
Lincoln
Lincolnshire
LN6 7AQ





REGISTERED NUMBER: 06290516 (England and Wales)





ACCOUNTANTS: Russell Payne & Co Limited
Landmark House
1 Riseholme Road
Lincoln
Lincolnshire
LN1 3SN
Page 1
CHAMPION LEISURE LINCOLN LTD (REGISTERED NUMBER: 06290516)

ABBREVIATED BALANCE SHEET
30 JUNE 2014

2014 2013
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 2 - -
Tangible assets 3 18,288 21,043
18,288 21,043

CURRENT ASSETS
Stocks 1,300 1,000
Cash at bank and in hand 2,193 6,478
3,493 7,478
CREDITORS
Amounts falling due within one year 19,655 24,380
NET CURRENT LIABILITIES (16,162 ) (16,902 )
TOTAL ASSETS LESS CURRENT
LIABILITIES
2,126
4,141

PROVISIONS FOR LIABILITIES 2,110 2,444
NET ASSETS 16 1,697

CAPITAL AND RESERVES
Called up share capital 4 1 1
Profit and loss account 15 1,696
SHAREHOLDERS' FUNDS 16 1,697

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2014.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2014 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 notes form part of these abbreviated accounts

Page 2 continued...
CHAMPION LEISURE LINCOLN LTD (REGISTERED NUMBER: 06290516)

ABBREVIATED BALANCE SHEET - continued
30 JUNE 2014


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 director on 13 February 2015 and were signed by:





D J Hubbard - Director


The notes form part of these abbreviated accounts

Page 3
CHAMPION LEISURE LINCOLN LTD (REGISTERED NUMBER: 06290516)

NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 30 JUNE 2014

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 April 2008).

Turnover
Turnover represents net invoiced sales of goods, excluding value added tax.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2007, is being amortised evenly over its estimated useful life of five years.

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

Plant and machinery etc - 25% on reducing balance and 15% 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
Rentals paid under operating leases are charged to the profit and loss account on a straight line basis over the
period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension
scheme are charged to the profit and loss account in the period to which they relate.

2. INTANGIBLE FIXED ASSETS
Total
£   
COST
At 1 July 2013
and 30 June 2014 5,000
AMORTISATION
At 1 July 2013
and 30 June 2014 5,000
NET BOOK VALUE

At 30 June 2014 -
At 30 June 2013 -

Page 4 continued...
CHAMPION LEISURE LINCOLN LTD (REGISTERED NUMBER: 06290516)

NOTES TO THE ABBREVIATED ACCOUNTS - continued
FOR THE YEAR ENDED 30 JUNE 2014

3. TANGIBLE FIXED ASSETS
Total
£   
COST
At 1 July 2013
and 30 June 2014 46,379
DEPRECIATION
At 1 July 2013 25,336
Charge for year 2,755
At 30 June 2014 28,091
NET BOOK VALUE
At 30 June 2014 18,288
At 30 June 2013 21,043

4. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2014 2013
value: £    £   
1 Ordinary 1 1 1

Page 5