The Warehouse Centre Limited - Abbreviated accounts 16.1

The Warehouse Centre Limited - Abbreviated accounts 16.1

THE MEGACENTRE RAYLEIGH LTD - Company Information

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REGISTERED NUMBER: 02866701 (England and Wales)













ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 30 SEPTEMBER 2015

FOR

THE WAREHOUSE CENTRE LIMITED

THE WAREHOUSE CENTRE LIMITED (REGISTERED NUMBER: 02866701)






CONTENTS OF THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 30 SEPTEMBER 2015




Page

Company Information 1

Abbreviated Balance Sheet 2

Notes to the Abbreviated Accounts 4


THE WAREHOUSE CENTRE LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 SEPTEMBER 2015







DIRECTORS: L V Cantle
F S Chapman
P Goldsmith





REGISTERED OFFICE: 7-9 Brook Road
Rayleigh
Essex
SS6 7UT





REGISTERED NUMBER: 02866701 (England and Wales)





ACCOUNTANTS: Connah Goldsworthy
Chartered Certified Accountants
12 Station Court
Station Approach
Wickford
Essex
SS11 7AT
Page 1
THE WAREHOUSE CENTRE LIMITED (REGISTERED NUMBER: 02866701)

ABBREVIATED BALANCE SHEET
30 SEPTEMBER 2015

30.9.15 30.9.14
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 2 287,663 356,713

CURRENT ASSETS
Stocks 5,233 5,853
Debtors - 914
Cash at bank 35,606 -
40,839 6,767
CREDITORS
Amounts falling due within one year 3 130,571 149,771
NET CURRENT LIABILITIES (89,732 ) (143,004 )
TOTAL ASSETS LESS CURRENT
LIABILITIES
197,931
213,709

CREDITORS
Amounts falling due after more than one
year
38,693
68,967
NET ASSETS 159,238 144,742

CAPITAL AND RESERVES
Called up share capital 4 1,100,000 1,100,000
Profit and loss account (940,762 ) (955,258 )
SHAREHOLDERS' FUNDS 159,238 144,742

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2015 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 notes form part of these abbreviated accounts

Page 2 continued...
THE WAREHOUSE CENTRE LIMITED (REGISTERED NUMBER: 02866701)

ABBREVIATED BALANCE SHEET - continued
30 SEPTEMBER 2015


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 Board of Directors on 1 March 2016 and were signed on its behalf by:





L V Cantle - Director


The notes form part of these abbreviated accounts

Page 3
THE WAREHOUSE CENTRE LIMITED (REGISTERED NUMBER: 02866701)

NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 30 SEPTEMBER 2015

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 January 2015).

The company meets its day to day capital requirements through the support of its parent undertaking, Active
Christian Trust. The nature of the parent undertaking business is such that there can be unpredictable
variations in the timing of cash inflows which may affect its ability to support the company. On the basis of
projections prepared by the directors, they consider that they will continue to operate within acceptable
requirement levels. However, the margin of facilities over requirements is not large and inherently there can be
no certainty in relation to such matters. On this basis, the directors consider it appropriate to prepare financial
statements on a going concern basis. The financial statements do not include any adjustments that would result
from the unavailability of financing from the parent undertaking.

Changes in accounting policies
The directors have reviewed the method of depreciation previously applied and concluded that it should be
amended so as to ensure that assets were written off over their useful estimated life.

Turnover
Turnover represents the net received sales of goods and provision of recreational facilities, excluding value
added tax.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Improvements to property - 10% on cost
Plant & equipment - 15% on cost
Fixtures and fittings - 15% on cost
Computer equipment - 33% on cost

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

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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension
scheme are charged to the profit and loss account in the period to which they relate.

Page 4 continued...
THE WAREHOUSE CENTRE LIMITED (REGISTERED NUMBER: 02866701)

NOTES TO THE ABBREVIATED ACCOUNTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2015

2. TANGIBLE FIXED ASSETS
Total
£   
COST
At 1 October 2014 1,167,535
Additions 60,968
Grants (18,000 )
At 30 September 2015 1,210,503
DEPRECIATION
At 1 October 2014 810,822
Charge for year 112,018
At 30 September 2015 922,840
NET BOOK VALUE
At 30 September 2015 287,663
At 30 September 2014 356,713

3. CREDITORS

Creditors include an amount of £ 0 (30.9.14 - £ 896 ) for which security has been given.

They also include the following debts falling due in more than five years:

30.9.15 30.9.14
£    £   
Repayable by instalments - 12,618

4. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.9.15 30.9.14
value: £    £   
1,100,000 Ordinary £1 1,100,000 1,100,000

5. ULTIMATE PARENT COMPANY

The ultimate parent undertaking of this company is Active Christian Trust, which is a registered charity
number 1015452.

Page 5