Potters Leisure (Crediton) Ltd - Limited company - abbreviated - 11.6

REGISTERED NUMBER: 08178974 (England and Wales)

ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 31 AUGUST 2014

FOR

POTTERS LEISURE (CREDITON) LTD

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTOR:

A J Rowe

REGISTERED OFFICE:

18 High West Street

Dorchester

Dorset

DT1 1UW

REGISTERED NUMBER:

08178974 (England and Wales)

ACCOUNTANTS:

Pugsley Revill

18 High West Street

Dorchester

Dorset

DT1 1UW

FIXED ASSETS

Tangible assets

2

1,538

675

CURRENT ASSETS

Stocks

2,300

6,762

Debtors

80

-

Cash in hand

962

1,280

3,342

8,042

CREDITORS

Amounts falling due within one year

8,151

7,820

NET CURRENT (LIABILITIES)/ASSETS

(4,809

)

222

TOTAL ASSETS LESS CURRENT LIABILITIES

(3,271

)

897

PROVISIONS FOR LIABILITIES

-

135

NET (LIABILITIES)/ASSETS

(3,271

)

762

CAPITAL AND RESERVES

Called up share capital

3

10

10

Profit and loss account

(3,281

)

752

SHAREHOLDERS' FUNDS

(3,271

)

762

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 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 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 May 2015 and were signed by:

A J Rowe - 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.

Tangible fixed assets

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

Furniture and equipment

-

20% 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.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 September 2013

850

Additions

1,247

At 31 August 2014

2,097

DEPRECIATION

At 1 September 2013

175

Charge for year

384

At 31 August 2014

559

NET BOOK VALUE

At 31 August 2014

1,538

At 31 August 2013

675

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2014

2013

value:

£

£

10

Ordinary

£1

10

10