Abbreviated Company Accounts - LOIZOU LEISURE LIMITED

Abbreviated Company Accounts - LOIZOU LEISURE LIMITED

LOIZOU LEISURE LIMITED - Company Information

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Registered Number 01603614

LOIZOU LEISURE LIMITED

Abbreviated Accounts

31 October 2014

LOIZOU LEISURE LIMITED Registered Number 01603614

Abbreviated Balance Sheet as at 31 October 2014

Notes 2014 2013
£ £
Fixed assets
Tangible assets 2 365,171 380,584
365,171 380,584
Current assets
Debtors 2,523 3,114
Cash at bank and in hand 128,825 101,828
131,348 104,942
Creditors: amounts falling due within one year (382,346) (385,631)
Net current assets (liabilities) (250,998) (280,689)
Total assets less current liabilities 114,173 99,895
Provisions for liabilities (41,000) (41,000)
Total net assets (liabilities) 73,173 58,895
Capital and reserves
Called up share capital 100 100
Profit and loss account 73,073 58,795
Shareholders' funds 73,173 58,895
  • For the year ending 31 October 2014 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
  • 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 in accordance with the provisions applicable to companies subject to the small companies regime.

Approved by the Board on 29 July 2015

And signed on their behalf by:
g loizou, Director
j g loizou, Director

LOIZOU LEISURE LIMITED Registered Number 01603614

Notes to the Abbreviated Accounts for the period ended 31 October 2014

1Accounting Policies

Basis of measurement and preparation of accounts
The financial statements have been prepared under the historical cost convention

Turnover policy
The turnover shown in the profit and loss account represents takings during the year excluding value added tax.

Tangible assets depreciation policy
Tangible fixed assets are stated at cost less depreciation.

Fixtures & fittings - 15% reducing balance method
Freehold land and buildings - 2% straight line

2Tangible fixed assets
£
Cost
At 1 November 2013 1,100,005
Additions 30,015
Disposals (2,214)
Revaluations -
Transfers -
At 31 October 2014 1,127,806
Depreciation
At 1 November 2013 719,421
Charge for the year 43,214
On disposals -
At 31 October 2014 762,635
Net book values
At 31 October 2014 365,171
At 31 October 2013 380,584