Company Registration No. 08140679 (England and Wales)
FOSSE LEISURE LIMITED
UNAUDITED ABBREVIATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2015
FOSSE LEISURE LIMITED
CONTENTS
Page
Abbreviated balance sheet
1
Notes to the abbreviated accounts
2
FOSSE LEISURE LIMITED
ABBREVIATED BALANCE SHEET
- 1 -
2015
2014
Notes
£
£
£
£
Fixed assets
Tangible assets
2
126
624
Current assets
Stocks
11,492
6,257
Cash at bank and in hand
8,095
10,040
19,587
16,297
Creditors: amounts falling due within one year
(13,431)
(13,261)
Net current assets
6,156
3,036
Total assets less current liabilities
6,282
3,660
Provisions for liabilities
-
(199)
6,282
3,461
Capital and reserves
Called up share capital
3
2
2
Profit and loss account
6,280
3,459
Shareholders' funds
6,282
3,461
For the financial year ended 31 July 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 21 April 2016
Mr C Regan
Mr S Tunnicliffe
Director
Director
Company Registration No. 08140679
FOSSE LEISURE LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 JULY 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:
Fixtures, fittings & equipment
3 years straight line
1.5
Stock
Stock is valued at the lower of cost and net realisable value.
2
Fixed assets
Tangible assets
£
Cost
At 1 August 2014 & at 31 July 2015
1,494
Depreciation
At 1 August 2014
870
Charge for the year
498
At 31 July 2015
1,368
Net book value
At 31 July 2015
126
At 31 July 2014
624
3
Share capital
2015
2014
£
£
Allotted, called up and fully paid
2 Ordinary shares of £1 each
2
2
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