SANDS_AMUSEMENTS_LIMITED - Accounts

SANDS AMUSEMENTS LIMITED - Company Information

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Company Registration No. 08385344 (England and Wales)

SANDS AMUSEMENTS LIMITED

ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 31 MARCH 2015

Richard Anthony

Chartered Accountants

SANDS AMUSEMENTS LIMITED

CONTENTS

Page

Abbreviated balance sheet

1 - 2

Notes to the abbreviated accounts

3 - 4

SANDS AMUSEMENTS LIMITED

ABBREVIATED BALANCE SHEET

AS AT

31 MARCH 2015

- 1 -

2015

2014

Notes

Fixed assets

Intangible assets

268,908

419,503

Tangible assets

131,639

152,223

400,547

571,726

Current assets

Stocks

37,235

43,800

Debtors

205,521

1,759

Cash at bank and in hand

203,275

209,779

446,031

255,338

Creditors: amounts falling due within one year

(437,260)

(618,285)

Net current assets/(liabilities)

8,771

(362,947)

Total assets less current liabilities

409,318

208,779

Provisions for liabilities

(21,317)

(19,717)

388,001

189,062

Capital and reserves

Called up share capital

Profit and loss account

387,999

189,060

Shareholders' funds

388,001

189,062

SANDS AMUSEMENTS LIMITED

ABBREVIATED BALANCE SHEET (CONTINUED)

AS AT

31 MARCH 2015

- 2 -

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 25 November 2015

Mr D Parnham

Mrs N Parnham

Director

Company Registration No. 08385344

SANDS AMUSEMENTS LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 31 MARCH 2015

- 3 -

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 takings after accounting for payouts and refills. Takings subject to VAT are net of VAT.

1.4

Goodwill

Acquired goodwill is written off in equal annual instalments over its estimated useful economic life of 10 years.

1.5

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:

Gaming Machines

25% straight line basis

Fixtures, fittings & equipment

25% reducing balance basis

Fixed assets

Intangible assets

Tangible assets

Total

Cost

At 1 April 2014

466,114

202,965

669,079

Additions

64,225

Disposals

(129,980)

(31,695)

(161,675)

At 31 March 2015

336,134

235,495

571,629

Depreciation

At 1 April 2014

46,611

50,742

97,353

On disposals

(12,998)

(4,751)

(17,749)

Charge for the year

33,613

57,865

91,478

At 31 March 2015

67,226

103,856

171,082

Net book value

At 31 March 2015

268,908

131,639

400,547

At 31 March 2014

419,503

152,223

571,726

SANDS AMUSEMENTS LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2015

- 4 -

Share capital

2015

2014

Allotted, called up and fully paid

2 Ordinary of £1 each