LEISURE_BARS_LIMITED - Accounts

LEISURE BARS LIMITED - Company Information

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Company Registration No. 03802461 (England and Wales)

LEISURE BARS LIMITED

UNAUDITED ABBREVIATED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 NOVEMBER 2014

LEISURE BARS LIMITED

CONTENTS

Page

Abbreviated balance sheet

Notes to the abbreviated accounts

2 - 3

LEISURE BARS LIMITED

ABBREVIATED BALANCE SHEET

AS AT

30 NOVEMBER 2014

- 1 -

2014

2013

Notes

Fixed assets

Tangible assets

5,738

1,210

Current assets

Stocks

7,121

2,462

Debtors

6,228

13,261

Cash at bank and in hand

55,854

9,698

69,203

25,421

Creditors: amounts falling due within one year

(49,997)

(27,839)

Net current assets/(liabilities)

19,206

(2,418)

Total assets less current liabilities

24,944

(1,208)

Creditors: amounts falling due after more than one year

(4,450)

24,944

(5,658)

Capital and reserves

Called up share capital

1,000

Profit and loss account

23,944

(6,658)

Shareholders' funds

24,944

(5,658)

For the financial year ended 30 November 2014 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The member has not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.

These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.

Approved by the Board for issue on 13 May 2015

Mr R C Lawrence

Director

Company Registration No. 03802461

LEISURE BARS LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 30 NOVEMBER 2014

- 2 -

Accounting policies

1.1

Accounting convention

The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).

1.2

Compliance with accounting standards

The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).

1.3

Turnover

Turnover represents total sales, excluding value added tax, from the operation of a licensed bar.

1.4

Tangible fixed assets and depreciation

Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:

Computer equipment

33% Reducing balance

Fixtures, fittings & equipment

10% Reducing balance

1.5

Stock

Stock is valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Fixed assets

Tangible assets

Cost

At 1 December 2013

10,895

Additions

5,196

At 30 November 2014

16,091

Depreciation

At 1 December 2013

9,685

Charge for the year

668

At 30 November 2014

10,353

Net book value

At 30 November 2014

5,738

At 30 November 2013

1,210

LEISURE BARS LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)

FOR THE YEAR ENDED 30 NOVEMBER 2014

- 3 -

Share capital

2014

2013

Allotted, called up and fully paid

1,000 Ordinary of £1 each

1,000