The Megacentre Rayleigh Ltd - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 02866701 (England and Wales)

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2019

FOR

THE MEGACENTRE RAYLEIGH LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

Directors' Responsibilities Statement

7

Independent Certified Accountants' Review Report

8

DIRECTORS:

L V Cantle

P Goldsmith

REGISTERED OFFICE:

7-9 Brook Road

Rayleigh

Essex

SS6 7UT

REGISTERED NUMBER:

02866701 (England and Wales)

ACCOUNTANTS:

Connah Goldsworthy

Chartered Certified Accountants

12 Station Court

Station Approach

Wickford

Essex

SS11 7AT

FIXED ASSETS

Tangible assets

4

72,862

105,371

CURRENT ASSETS

Stocks

5

4,623

4,200

Debtors

6

7,854

-

Cash at bank and in hand

13,905

13,299

26,382

17,499

CREDITORS

Amounts falling due within one year

7

75,240

74,812

NET CURRENT LIABILITIES

(48,858

)

(57,313

)

TOTAL ASSETS LESS CURRENT LIABILITIES

24,004

48,058

CREDITORS

Amounts falling due after more than one year

8

-

8,102

NET ASSETS

24,004

39,956

CAPITAL AND RESERVES

Called up share capital

1,100,000

1,100,000

Retained earnings

(1,075,996

)

(1,060,044

)

SHAREHOLDERS' FUNDS

24,004

39,956

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2019.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2019 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 financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 29 June 2020 and were signed on its behalf by:

L V Cantle - Director

P Goldsmith - Director

1.	STATUTORY INFORMATION

The Megacentre Rayleigh Ltd is a private company, limited by shares , registered in England and Wales. The

company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Changes in accounting policies

The directors have reviewed the method of depreciation previously applied and concluded that it should be

amended so as to ensure that assets were written off over their useful estimated life.

Turnover

Turnover represents the net received sales of goods and provision of recreational facilities, 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.

Improvements to property

-

10% on cost

Plant & equipment

-

15% on cost

Fixtures and fittings

-

15% on cost

Computer equipment

-

33% on cost

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

Rentals paid under operating leases are charged to profit or loss 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 profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 62 (2018 - 56 ) .

4.	TANGIBLE FIXED ASSETS

Improvements

Fixtures

to

Plant &

and

Computer

property

equipment

fittings

equipment

Totals

£

£

£

£

£

COST

At 1 October 2018

and 30 September 2019

662,110

198,419

363,904

11,074

1,235,507

DEPRECIATION

At 1 October 2018

585,026

185,606

348,430

11,074

1,130,136

Charge for year

19,164

10,397

2,948

-

32,509

At 30 September 2019

604,190

196,003

351,378

11,074

1,162,645

NET BOOK VALUE

At 30 September 2019

57,920

2,416

12,526

-

72,862

At 30 September 2018

77,084

12,813

15,474

-

105,371

5.

STOCKS

30.9.19

30.9.18

£

£

Stocks

4,623

4,200

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.9.19

30.9.18

£

£

Trade debtors

4,719

-

Prepayments

3,135

-

7,854

-

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.9.19

30.9.18

£

£

Bank loans and overdrafts

6,293

10,800

Trade creditors

15,444

22,562

Amounts owed to group undertakings

15,000

8,169

Social security and other taxes

3,953

4,457

VAT

19,200

14,074

Accruals and deferred income

15,350

14,750

75,240

74,812

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

30.9.19

30.9.18

£

£

Bank loans - 1-2 years

-

8,102

9.	SECURED DEBTS

The bank overdraft is secured by a personal guarantee by one of the company's directors, L Cantle.

10.	RELATED PARTY DISCLOSURES

At the year end the company owed a balance of £15,000 (2018 - £8,169) to its parent undertaking, Active

Christian Trust.

During the year the company paid £114,396 (2018 - £114,396) to Active Christian Trust for rent of the premises

from which it operates.

11.	ULTIMATE CONTROLLING PARTY

Active Christian Trust, a charity registered with the Charity Commission under number 1015452 is the ultimate

controlling party.

The following reproduces the text of the report prepared for the directors and members in respect of the

company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is

only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other

primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

We confirm that as directors we have met our duty in accordance with the Companies Act 2006 to:

-	ensure that the company has kept proper accounting records;

-	prepare financial statements which give a true and fair view of the state of affairs of the company as at 30 September 2019 and of its loss for that period in accordance with United Kingdom Generally Accepted Accounting Practice; and

-	follow the applicable accounting policies, subject to any material departures disclosed and explained in the notes to the financial statements.

ON BEHALF OF THE BOARD:

L V Cantle - Director

P Goldsmith - Director

29 June 2020

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

We have reviewed the financial statements of The Megacentre Rayleigh Ltd for the year ended 30 September 2019, which comprise the Income Statement, Balance Sheet and the related notes 1 to 13. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

This report is made solely to the company's directors, as a body, in accordance with our terms of engagement. Our review has been undertaken so that we might state to the directors those matters that we have agreed with them in our engagement letter and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and the company's directors as a body for our work, for this report or the conclusions we have formed.

Directors' responsibility for the financial statements

As explained more fully in the Directors' Responsibilities Statement set out on page nine, the directors are responsible

for the preparation of the financial statements and for being satisfied that they give a true and fair view.

Accountants' responsibility

Our responsibility is to express a conclusion based on our review of the financial statements. We conducted our review

in accordance with International Standard on Review Engagements (ISRE) 2400 (Revised), 'Engagements to review

historical financial statements' and ICAEW Technical Release TECH 09/13AAF 'Assurance review engagements on

historical financial statements'. ISRE 2400 also requires us to comply with the ICAEW Code of Ethics.

Scope of the assurance review

A review of financial statements in accordance with ISRE 2400 (Revised) is a limited assurance engagement. We have

performed additional procedures to those required under a compilation engagement. These primarily consist of making

enquiries of management and others within the entity, as appropriate, applying analytical procedures and evaluating the

evidence obtained. The procedures performed in a review are substantially less than those performed in an audit

conducted in accordance with International Standards on Auditing (UK and Ireland). Accordingly, we do not express an

audit opinion on these financial statements.

Conclusion

Based on our review, nothing has come to our attention that causes us to believe that the financial statements have not been prepared:

-	so as to give a true and fair view of the state of the company's affairs as at 30 September 2019 and of its loss for the year then ended;

-	in accordance with United Kingdom Generally Accepted Accounting Practice; and

-	in accordance with the requirements of the Companies Act 2006.

Connah Goldsworthy

Chartered Certified Accountants

12 Station Court

Station Approach

Wickford

Essex

SS11 7AT

29 June 2020