Island Leisure Products Limited - Limited company - abbreviated - 11.6
Island Leisure Products Limited - Limited company - abbreviated - 11.6
| REGISTERED NUMBER: |
| Abbreviated Accounts |
| for the Year Ended 30 September 2014 |
| for |
| ISLAND LEISURE PRODUCTS LIMITED |
| ISLAND LEISURE PRODUCTS LIMITED (REGISTERED NUMBER: 03732326) |
| Contents of the Abbreviated Accounts |
| for the Year Ended 30 September 2014 |
| Page |
| Company Information | 1 |
| Abbreviated Balance Sheet | 2 |
| Notes to the Abbreviated Accounts | 4 |
| ISLAND LEISURE PRODUCTS LIMITED |
| Company Information |
| for the Year Ended 30 September 2014 |
| DIRECTOR: |
| SECRETARY: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| ISLAND LEISURE PRODUCTS LIMITED (REGISTERED NUMBER: 03732326) |
| Abbreviated Balance Sheet |
| 30 September 2014 |
| 30.9.14 | 30.9.13 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Tangible assets | 2 |
| Investments | 3 |
| CURRENT ASSETS |
| Stocks |
| Debtors |
| Cash at bank and in hand |
| CREDITORS |
| Amounts falling due within one year | 4 |
| NET CURRENT ASSETS |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| CREDITORS |
| Amounts falling due after more than one year | 4 |
| NET ASSETS |
| CAPITAL AND RESERVES |
| Called up share capital | 5 |
| Profit and loss account |
| SHAREHOLDERS' FUNDS |
| 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. |
| ISLAND LEISURE PRODUCTS LIMITED (REGISTERED NUMBER: 03732326) |
| Abbreviated Balance Sheet - continued |
| 30 September 2014 |
| The financial statements were approved by the director on |
| ISLAND LEISURE PRODUCTS LIMITED (REGISTERED NUMBER: 03732326) |
| Notes to the Abbreviated Accounts |
| for the Year Ended 30 September 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 |
| The turnover shown in the profit and loss account represents the value of work carried out in the year. |
| Tangible fixed assets |
| Freehold property | - |
| Plant and machinery | - |
| Fixtures and fittings | - |
| Motor vehicles | - |
| 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 |
| where transactions or events have occurred at that date that will result in an obligation to pay more, or a right to pay less or |
| to receive more tax. Deferred tax is measured on an undiscounted basis at the tax rates that are expected to apply in the |
| periods in which timing differences reverse, based on tax rates and laws enacted or substantively enacted at the balance |
| sheet date. |
| Foreign currencies |
| Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet |
| date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. |
| Exchange differences are taken into account in arriving at the operating result. |
| 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. |
| 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. |
| ISLAND LEISURE PRODUCTS LIMITED (REGISTERED NUMBER: 03732326) |
| Notes to the Abbreviated Accounts - continued |
| for the Year Ended 30 September 2014 |
| 2. | TANGIBLE FIXED ASSETS |
| Total |
| £ |
| COST |
| At 1 October 2013 |
| Additions |
| At 30 September 2014 |
| DEPRECIATION |
| At 1 October 2013 |
| Charge for year |
| At 30 September 2014 |
| NET BOOK VALUE |
| At 30 September 2014 |
| At 30 September 2013 |
| 3. | FIXED ASSET INVESTMENTS |
| Investments |
| other |
| than |
| loans |
| £ |
| COST |
| At 1 October 2013 |
| and 30 September 2014 | 20,000 |
| NET BOOK VALUE |
| At 30 September 2014 |
| At 30 September 2013 |
| The company's investments at the Balance Sheet date in the share capital of companies include the following: |
| Nature of business: |
| % |
| Class of shares: | holding |
| Ordinary | 100.00 |
| £ | £ |
| Aggregate capital and reserves | 1,026 | 1,026 |
| 4. | CREDITORS |
| Creditors include an amount of £ |
| ISLAND LEISURE PRODUCTS LIMITED (REGISTERED NUMBER: 03732326) |
| Notes to the Abbreviated Accounts - continued |
| for the Year Ended 30 September 2014 |
| 4. | CREDITORS - continued |
| They also include the following debts falling due in more than five years: |
| 30.9.14 | 30.9.13 |
| £ | £ |
| Repayable by instalments | 71,465 | - |
| 5. | CALLED UP SHARE CAPITAL |
| Allotted, issued and fully paid: |
| Number: | Class: | Nominal | 30.9.14 | 30.9.13 |
| value: | £ | £ |
| Ordinary | £1 |
| 6. | ULTIMATE CONTROLLING PARTY |
| The controlling party is |