Company Registration No. 05301611 (England and Wales)
LASER ESCAPE LIMITED T/A LASER ZONE
UNAUDITED ABBREVIATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2015
LASER ESCAPE LIMITED T/A LASER ZONE
CONTENTS
Page
Abbreviated balance sheet
1
Notes to the abbreviated accounts
2 - 3
LASER ESCAPE LIMITED T/A LASER ZONE
ABBREVIATED BALANCE SHEET
AS AT
31 MARCH 2015
31 March 2015
- 1 -
2015
2014
Notes
£
£
£
£
Fixed assets
Tangible assets
2
25,154
48,461
Current assets
Stocks
2,200
2,200
Debtors
27,849
24,067
Cash at bank and in hand
99,015
104,347
129,064
130,614
Creditors: amounts falling due within one year
(83,712)
(74,169)
Net current assets
45,352
56,445
Total assets less current liabilities
70,506
104,906
Capital and reserves
Called up share capital
3
2
2
Profit and loss account
70,504
104,904
Shareholders' funds
70,506
104,906
For the financial year ended 31 March 2015 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
-
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
-
The directors acknowledge their 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 October 2015
Mr A G Smith
Mr C A Farrow
Director
Director
Company Registration No. 05301611
LASER ESCAPE LIMITED T/A LASER ZONE
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 MARCH 2015
- 2 -
1
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 amounts receivable for goods and services net of VAT and trade discounts.
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:
Land and buildings Leasehold
10% straight line
Plant and machinery
15% reducing balance and 20% straight line
Computer equipment
25% straight line
Fixtures, fittings & equipment
15% reducing balance and 20% straight line
2
Fixed assets
Tangible assets
£
Cost
At 1 April 2014
217,957
Additions
4,062
Disposals
(2,778)
At 31 March 2015
219,241
Depreciation
At 1 April 2014
169,496
On disposals
(1,955)
Charge for the year
26,546
At 31 March 2015
194,087
Net book value
At 31 March 2015
25,154
At 31 March 2014
48,461
LASER ESCAPE LIMITED T/A LASER ZONE
NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2015
- 3 -
3
Share capital
2015
2014
£
£
Allotted, called up and fully paid
2 Ordinary shares of £1 each
2
2
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