Abbreviated Company Accounts - PLAYGOLF COLCHESTER LIMITED

PLAYGOLF COLCHESTER LIMITED - Company Information

Registered Number 07131980

PLAYGOLF COLCHESTER LIMITED

Abbreviated Accounts

31 March 2015

PLAYGOLF COLCHESTER LIMITED Registered Number 07131980

Abbreviated Balance Sheet as at 31 March 2015

	Notes	2015	2014
		£	£
Fixed assets
Intangible assets	2	90,000	105,000
Tangible assets	3	2,912,384	2,752,730
		3,002,384	2,857,730
Current assets
Stocks		8,968	3,766
Debtors		169,788	256,466
Cash at bank and in hand		68,230	30,226
		246,986	290,458
Creditors: amounts falling due within one year		(466,771)	(464,238)
Net current assets (liabilities)		(219,785)	(173,780)
Total assets less current liabilities		2,782,599	2,683,950
Creditors: amounts falling due after more than one year		(3,796,362)	(3,497,956)
Total net assets (liabilities)		(1,013,763)	(814,006)
Capital and reserves
Called up share capital		100	100
Profit and loss account		(1,013,863)	(814,106)
Shareholders' funds		(1,013,763)	(814,006)

For the year ending 31 March 2015 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 30 March 2016

And signed on their behalf by:
Mr Allan Saud, Director

PLAYGOLF COLCHESTER LIMITED Registered Number 07131980

Notes to the Abbreviated Accounts for the period ended 31 March 2015

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities effective April 2008.

Turnover policy
The turnover shown in the profit and loss account represents amounts invoiced during the year,
exclusive of Value Added Tax.

Tangible assets depreciation policy
Leasehold Property - Over the life of lease
Plant & Machinery - 25% Straight line
Motor Vehicles - 25% Straight line
Equipment - 25% Straight line

Intangible assets amortisation policy
Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value,
over the useful economic life of that asset as follows:
Goodwill - Over 10 years

Valuation information and policy
Stocks are valued at the lower of cost and net realisable value, after making due allowance for
obsolete and slow moving items.

2Intangible fixed assets

	£
Cost
At 1 April 2014	150,000
Additions	-
Disposals	-
Revaluations	-
Transfers	-
At 31 March 2015	150,000
Amortisation
At 1 April 2014	45,000
Charge for the year	15,000
On disposals	-
At 31 March 2015	60,000
Net book values
At 31 March 2015	90,000
At 31 March 2014	105,000

3Tangible fixed assets

	£
Cost
At 1 April 2014	2,862,590
Additions	227,449
Disposals	-
Revaluations	-
Transfers	-
At 31 March 2015	3,090,039
Depreciation
At 1 April 2014	109,860
Charge for the year	67,795
On disposals	-
At 31 March 2015	177,655
Net book values
At 31 March 2015	2,912,384
At 31 March 2014	2,752,730