Game & Country (Leominster) Ltd - Limited company - abbreviated - 11.0.0

REGISTERED NUMBER: 06963736 (England and Wales)

GAME & COUNTRY (LEOMINSTER) LTD

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 31 JULY 2014

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

J D W Bellison

Mrs B H Herbert

SECRETARY:

Mrs B H Herbert

REGISTERED OFFICE:

13/14 Station Yard,

Leominster

Herefordshire

HR6 8TN

REGISTERED NUMBER:

06963736 (England and Wales)

ACCOUNTANTS:

Davies Edwards & Co

Chartered Certified Accountants

West Lodge

Rainbow Street

Leominster

Herefordshire

HR6 8DQ

FIXED ASSETS

Intangible assets

2

-

-

Tangible assets

3

10,708

13,676

10,708

13,676

CURRENT ASSETS

Stocks

134,500

106,100

Debtors

17,381

16,429

Cash in hand

1,329

874

153,210

123,403

CREDITORS

Amounts falling due within one year

138,618

128,063

NET CURRENT ASSETS/(LIABILITIES)

14,592

(4,660

)

TOTAL ASSETS LESS CURRENT LIABILITIES

25,300

9,016

CREDITORS

Amounts falling due after more than one year

31,987

35,960

NET LIABILITIES

(6,687

)

(26,944

)

CAPITAL AND RESERVES

Called up share capital

4

100

100

Profit and loss account

(6,787

)

(27,044

)

SHAREHOLDERS' FUNDS

(6,687

)

(26,944

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2014.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2014 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 3 March 2015 and were signed on its behalf by:

J D W Bellison - 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 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 the business in 2009, was amortised fully

in the period when the expenditure occurred.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Plant and machinery

-

20% on reducing balance

Fixtures and fittings

-

15% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

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.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held

under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases

are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to the profit and loss account over the relevant period. The

capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to the profit and loss account on a straight line basis over the

period of the lease.

2.	INTANGIBLE FIXED ASSETS

Total

£

COST

At 1 August 2013

and 31 July 2014

1

AMORTISATION

At 1 August 2013

and 31 July 2014

1

NET BOOK VALUE

At 31 July 2014

-

At 31 July 2013

-

3.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 August 2013

25,866

Additions

167

At 31 July 2014

26,033

DEPRECIATION

At 1 August 2013

12,190

Charge for year

3,135

At 31 July 2014

15,325

NET BOOK VALUE

At 31 July 2014

10,708

At 31 July 2013

13,676

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2014

2013

value:

£

£

100

Ordinary

£1

100

100