Go Leisure Colchester Limited
Go Leisure Colchester Limited
Registered number: 09288322
Unaudited Financial Statements
For The Year Ended
31 October 2019
Ellis Hicks & Co
85 Danbury Crescent
South Ockendon
Essex
RM15 5BX
Go Leisure Colchester Limited
Unaudited Financial Statements
For The Year Ended
31 October 2019
Unaudited Financial Statements
| Contents | |
| Page | |
|---|---|
| Balance Sheet | 1—2 |
| Notes to the Financial Statements | 3—6 |
Go Leisure Colchester Limited
Balance Sheet
As at
31 October 2019
Balance Sheet
Registered number:
09288322
For the year ending 31 October 2019 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
| 2019 | 2018 | ||||
|---|---|---|---|---|---|
| Notes | £ | £ | £ | £ | |
| FIXED ASSETS | |||||
| Intangible Assets | 3 |
|
|
||
| Tangible Assets | 4 |
|
|
||
|
|
|
||||
| CURRENT ASSETS | |||||
| Debtors | 5 |
|
|
||
| Cash at bank and in hand |
|
|
|||
|
|
|
||||
| Creditors: Amounts Falling Due Within One Year | 6 |
( |
( |
||
| NET CURRENT ASSETS (LIABILITIES) |
( |
( |
|||
| TOTAL ASSETS LESS CURRENT LIABILITIES |
( |
( |
|||
| Creditors: Amounts Falling Due After More Than One Year | 7 |
( |
( |
||
| NET LIABILITIES |
( |
( |
|||
| CAPITAL AND RESERVES | |||||
| Called up share capital | 9 |
|
|
||
| Profit and Loss Account |
( |
( |
|||
| SHAREHOLDERS' FUNDS | (161,010) | (145,972) | |||
Page 1
Go Leisure Colchester Limited
Balance Sheet (continued)
As at
31 October 2019
Directors' responsibilities:
-
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. - The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
|
Director
|
|
|
The notes on pages 3 to 6 form part of these financial statements.
Page 2
Go Leisure Colchester Limited
Notes to the Financial Statements
For The Year Ended
31 October 2019
Notes to the Financial Statements
1.
Accounting Policies
1.1.
Basis of Preparation of Financial Statements
The financial statements are prepared under the historical cost convention and in accordance with the FRS 102 Section 1A Small Entities - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
1.2.
Going Concern Disclosure
As at 31st October 2019, the balance sheet at the end of the year recorded net liabilties and due to Covid-19 the coming year will be challenging, with the restructuring of costs the directors believe sufficient financial resources are available to the company to enable it to continue trading into the forseeable future. Therefore, the financial statements have been prepared on a going concern basis.
1.3.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
1.4.
Intangible Fixed Assets and Amortisation - Other Intangible
Other intangible assets are franchise fees paid, it is amortised to profit and loss account over its estimated economic life of 10 years.
1.5.
Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
| Leasehold |
|
| Fixtures & Fittings |
|
2.
Average Number of Employees
Average number of employees, including directors, during the year was as follows:
| 2019 | 2018 | ||
|---|---|---|---|
| Office and administration |
|
|
|
| Sales, marketing and distribution |
|
|
|
|
|
|
||
Page 3
Go Leisure Colchester Limited
Notes to the Financial Statements (continued)
For The Year Ended
31 October 2019
3.
Intangible Assets
| Other | |||
|---|---|---|---|
| £ | |||
| Cost | |||
| As at
|
|
||
| As at
|
|
||
| Amortisation | |||
| As at
|
|
||
| Provided during the period |
|
||
| As at
|
|
||
| Net Book Value | |||
| As at
|
|
||
| As at
|
|
||
4.
Tangible Assets
| Land & Property | |||
|---|---|---|---|
| Leasehold | Fixtures & Fittings | Total | |
| £ | £ | £ | |
| Cost | |||
| As at
|
|
|
|
| As at
|
|
|
|
| Depreciation | |||
| As at
|
|
|
|
| Provided during the period |
|
|
|
| As at
|
|
|
|
| Net Book Value | |||
| As at
|
|
|
|
| As at
|
|
|
|
Page 4
Go Leisure Colchester Limited
Notes to the Financial Statements (continued)
For The Year Ended
31 October 2019
5.
Debtors
| 2019 | 2018 | ||
|---|---|---|---|
| £ | £ | ||
| Due within one year | |||
| Trade debtors |
|
|
|
| Prepayments and accrued income |
|
|
|
|
|
|
||
| Due after more than one year | |||
| Rent Deosit |
|
|
|
|
|
|
||
|
|
|
||
6.
Creditors: Amounts Falling Due Within One Year
| 2019 | 2018 | ||
|---|---|---|---|
| £ | £ | ||
| Trade creditors |
|
|
|
| Bank loans and overdrafts |
|
|
|
| Other taxes and social security |
|
|
|
| Other creditors |
|
|
|
| Accruals and deferred income |
|
|
|
| Directors' loan accounts |
|
|
|
| Amounts owed to other participating interests | 98,775 | 90,649 | |
|
|
|
||
7.
Creditors: Amounts Falling Due After More Than One Year
| 2019 | 2018 | ||
|---|---|---|---|
| £ | £ | ||
| Bank loans |
|
|
|
|
|
|
||
Page 5
Go Leisure Colchester Limited
Notes to the Financial Statements (continued)
For The Year Ended
31 October 2019
8.
Secured Creditors
Of the creditors falling due within and after more than one year the following amounts are secured.
| 2019 | 2018 | ||
|---|---|---|---|
| £ | £ | ||
| Bank loans and overdrafts | 59,705 | 99,789 |
10.
Directors Advances, Credits and Guarantees
Mr A Chamberlain was owed £26,729 at the balance sheet date (2018 - £10,628) and is included in creditors.
11.
Related Party Transactions
At the balance sheet date the company owed £98,775 (2018 - £90,649) to Go Leisure Limited Limited for Management charges. Total charge in the year of £42,013. Go Leisure Limited is controlled by Mr A Chamberlain.
12.
General Information
Go Leisure Colchester Limited
is a private company, limited by shares, incorporated in England & Wales, registered number
09288322
. The registered office is Oyster Court, 1 & 2 St. Helens Lane, Colchester, Essex, CO1 1TY.
Page 6