LAKES_CLIMBER_AND_RUNNER_ - Accounts

LAKES CLIMBER & RUNNER LIMITED - Company Information

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Company Registration No. 06056396 (England and Wales)

LAKES CLIMBER AND RUNNER LIMITED

UNAUDITED ABBREVIATED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 28 AUGUST 2015

LAKES CLIMBER AND RUNNER LIMITED

CONTENTS

Page

Abbreviated balance sheet

Notes to the abbreviated accounts

LAKES CLIMBER AND RUNNER LIMITED

ABBREVIATED BALANCE SHEET

AS AT

28 AUGUST 2015

- 1 -

2015

2014

Notes

Fixed assets

Tangible assets

42,523

Current assets

Debtors

7,514

Cash at bank and in hand

222

7,736

Creditors: amounts falling due within one year

(125,465)

(73,484)

Net current liabilities

(125,465)

(65,748)

Total assets less current liabilities

(125,465)

(23,225)

Creditors: amounts falling due after more than one year

(100,000)

(125,465)

(123,225)

Capital and reserves

Called up share capital

Profit and loss account

(125,467)

(123,227)

Shareholders' funds

(125,465)

(123,225)

For the financial year ended 28 August 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 May 2016

C R E Stead

Director

Company Registration No. 06056396

LAKES CLIMBER AND RUNNER LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 28 AUGUST 2015

- 2 -

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).

The directors and shareholders fully support the company and therefore feel that it is appropriate to continue to prepare the accounts on a going concern basis.

1.2

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:

Land and buildings Leasehold

10% reducing balance

Fixtures, fittings & equipment

25% reducing balance

1.3

Leasing and hire purchase commitments

Rentals payable under operating leases are charged against income on a straight line basis over the lease term.

Fixed assets

Tangible assets

Cost

At 29 August 2014

73,286

Disposals

(73,286)

At 28 August 2015

Depreciation

At 29 August 2014

30,763

On disposals

(30,763)

At 28 August 2015

Net book value

At 28 August 2015

At 28 August 2014

42,523

Share capital

2015

2014

Allotted, called up and fully paid

2 ordinary shares of £1 each