Foxford Leisure Limited,Ltd - Accounts

Foxford Leisure Limited,Ltd - Accounts

FOXFORD LEISURE LIMITED - Company Information

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2013-06-01 true false Private Limited Company 04225866 2014-05-31 04225866 2013-06-01 2014-05-31 04225866 2013-05-31 04225866 2012-06-01 2013-05-31 04225866 uk-bus:Director1 2013-06-01 2014-05-31 04225866 uk-bus:AllOrdinaryShares 2014-05-31 04225866 uk-bus:AllOrdinaryShares 2013-06-01 2014-05-31 iso4217:GBP
Foxford Leisure Limited
For the year ended 31 May 2014
Unaudited Abbreviated Report and Financial Statements
England and Wales
Registered Number: 04225866
2
Contents Page
Foxford Leisure Limited
For the year ended 31 May 2014
1
Balance Sheet
2 to 3
Notes to the Abbreviated Financial Statements
3
Abbreviated Balance Sheet
Foxford Leisure Limited
As at 31 May 2014
04225866
Registered Number :
£
£
2014
Notes
2013
Fixed assets
Tangible assets
2
470,245
485,134
470,245
485,134
Current assets
Stocks
2,863
2,946
Cash at bank and in hand
46,405
26,679
49,351
29,542
Creditors: amounts falling due within one year
(29,332)
(26,979)
210
22,372
Net current assets
Total assets less current liabilities
492,617
485,344
Creditors: amounts falling due after more than one year
(683,709)
(651,256)
(158,639)
Net liabilities
(198,365)
Capital and reserves
Called up share capital
100
3
1
Profit and loss account
(158,739)
(198,366)
(158,639)
(198,365)
Shareholders funds
For the year ended 31 May 2014 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors responsibilities: 1) The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476;
2) 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 in accordance with the provisions applicable to companies subject to the small companies regime.
Date approved by the board: 06 July 2015
G L Wedlake Director
Signed on behalf of the board of directors
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4
Notes to the Abbreviated Financial Statements
Foxford Leisure Limited
For the year ended 31 May 2014
1 Accounting Policies
Basis of accounting
The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis: Leasehold Improvments 20% reducing balance Plant&Equiment 20% 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. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.
2 Tangible fixed assets
Tangible fixed
assets
Cost or valuation
£
564,214
At 01 June 2013
10,297
Additions
(13,000)
Disposals
At 31 May 2014
561,511
Depreciation
79,080
At 01 June 2013
12,186
Charge for year
91,266
At 31 May 2014
Net book values
At 31 May 2014
470,245
485,134
At 31 May 2013
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5
Notes to the Abbreviated Financial Statements
Foxford Leisure Limited
For the year ended 31 May 2014
3 Share capital
Allotted called up and fully paid
2014
2013
£
£
100 Ordinary shares of £1.00 each
1
100
100
1
99 Ordinary £1.00 shares have been issued during the year at par for a cash consideration of £99.
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