Aspire Leeds Limited - Limited company - abbreviated - 11.9

REGISTERED NUMBER: 06506597 (England and Wales)

Abbreviated Unaudited Accounts for the Year Ended 30 June 2015

for

Aspire Leeds Limited

Page

Abbreviated Balance Sheet

1

Notes to the Abbreviated Accounts

2

FIXED ASSETS

Tangible assets

2

342,449

365,296

CURRENT ASSETS

Stocks

7,250

7,320

Debtors

570,033

448,415

Cash at bank and in hand

63,992

36,797

641,275

492,532

CREDITORS

Amounts falling due within one year

454,215

461,914

NET CURRENT ASSETS

187,060

30,618

TOTAL ASSETS LESS CURRENT LIABILITIES

529,509

395,914

CAPITAL AND RESERVES

Called up share capital

3

10,000

10,000

Profit and loss account

519,509

385,914

SHAREHOLDERS' FUNDS

529,509

395,914

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2015.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2015 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 16 November 2015 and were signed by:

M A Heaney - 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 the value of conference and banqueting services provided to customers during the year.

Tangible fixed assets

Depreciation is provided on tangible fixed assets to write them off over their estimated useful lives at the

following annual rates :

Property improvements 4% on cost

Fixtures & fittings 20% reducing balance

Glassware & cutlery not depreciated

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow

moving items.

Deferred tax

Deferred tax is recognised in respect of all material timing differences that have originated but not reversed 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.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 July 2014

463,271

Additions

3,921

At 30 June 2015

467,192

DEPRECIATION

At 1 July 2014

97,975

Charge for year

26,768

At 30 June 2015

124,743

NET BOOK VALUE

At 30 June 2015

342,449

At 30 June 2014

365,296

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30.6.15

30.6.14

value:

£

£

10,000

Ordinary

£1

10,000

10,000