South Coast Amusements Limited - Period Ending 2015-08-31

Company No. 05990938

South Coast Amusements Limited

Abbreviated Accounts

Year Ended

31 August 2015
 

Brett Pittwood

Chartered Accountants

South Coast Amusements Limited   Accounts Year Ended 31 August 2015

INDEX Page

Abbreviated balance sheet 1

Notes to the abbreviated accounts 2

South Coast Amusements Limited Abbreviated balance sheet at 31 August 2015

page 787878787 Company No. 05990938

		Note			2015						2014
Current assets
Debtors								4,732						6,070
Cash at bank and in hand								1,089						6,541
								5,821						12,611
CREDITORS: amounts falling due within one year								(540)						(1,460)
Total assets less current liabilities								5,281						11,151
CREDITORS: amounts falling due after more than one year								(999,305)						(940,625)
Net liabilities								(£994,024)						(£929,474)
Capital and reserves
Called up share capital		2			100						100
Profit and loss account					(994,124)						(929,574)
								(£994,024)						(£929,474)

For the year ending 31 August 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 23 May 2016 and signed on its behalf by:

M E Willson
Director

South Coast Amusements Limited Notes to the abbreviated accounts   Year Ended 31 August 2015

page 787878787

1	Accounting policies

Basis of preparation

The full financial statements, from which these abbreviated accounts have been extracted, 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 amounts chargeable, net of value added tax, in respect of the sale of goods and services to customers.

Goodwill

Positive goodwill is capitalised, classified as an asset on the balance sheet and amortised over it's useful economic life.

Amortisation

Amortisation is provided on intangible fixed assets so as to write off the cost, less any estimated residual value, over their expected useful economic life as follows:

Asset class	Amortisation method and rate
Goodwill	20 years straight line

Depreciation

Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows:

Asset class	Depreciation method and rate
Fixtures and equipment	25% on reducing balance
Arcade machines	33% on reducing balance

Hire purchase and leasing

Rentals payable under operating leases are charged in the profit and loss account on a straight line basis over the lease term.

2	Share capital

Allotted, called up and fully paid shares

	2015						2014
		No.			£			No.			£
Ordinary shares of £1 each		100			100			100			100