Wizard Amusements Limited - Limited company - abbreviated

REGISTERED NUMBER: 03198505 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 31ST DECEMBER 2014

FOR

WIZARD AMUSEMENTS LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTOR:

K E Berry

SECRETARY:

R T Cruse

REGISTERED OFFICE:

Miles Place

Off Villiers Avenue

Surbiton

Surrey

KT5 8BJ

REGISTERED NUMBER:

03198505 (England and Wales)

ACCOUNTANTS:

P.G. Draper

91 Fieldcommon Lane

Walton on Thames

Surrey

KT12 3QN

FIXED ASSETS

Intangible assets

2

-

Tangible assets

3

-

118,515

-

118,515

CURRENT ASSETS

Debtors

9,038

10,015

Cash at bank and in hand

260,409

17,257

269,447

27,272

CREDITORS

Amounts falling due within one year

39,994

42,808

NET CURRENT ASSETS/(LIABILITIES)

229,453

(15,536

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

229,453

102,979

CAPITAL AND RESERVES

Called up share capital

4

1,000

Profit and loss account

228,453

101,979

SHAREHOLDERS' FUNDS

229,453

102,979

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31st December 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 13th July 2015 and were signed by:

K E Berry - 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.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 1997, is being amortised evenly over its estimated useful life of one years.

Tangible fixed assets

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

Plant and machinery

-

at variable rates on reducing balance

Fixtures and fittings

-

15% on reducing balance

Motor vehicles

-

25% on reducing balance

Machines for hire are depreciated to reduce the net book value to market value 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.

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.

2.	INTANGIBLE FIXED ASSETS

Total

£

COST

At 1st January 2014

and 31st December 2014

4,063

AMORTISATION

At 1st January 2014

and 31st December 2014

4,063

NET BOOK VALUE

At 31st December 2014

-

At 31st December 2013

-

3.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1st January 2014

376,300

Additions

395

Disposals

(376,695

)

At 31st December 2014

-

DEPRECIATION

At 1st January 2014

257,785

Eliminated on disposal

(257,785

)

At 31st December 2014

-

NET BOOK VALUE

At 31st December 2014

-

At 31st December 2013

118,515

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2014

2013

value:

£

1,000

Ordinary

1000

1,000

5.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

Until June 2014, the company occupied premises owned by K E Berry, a director and major shareholder. The

rent paid was £15,000, (2013 £30,000) which the director considers to be a fair market rent.

Wizard Amusements Limited - Limited company - abbreviated - 11.6

Wizard Amusements Limited - Limited company - abbreviated - 11.6