PREMIER_RACEWAY_LIMITED - Accounts
PREMIER_RACEWAY_LIMITED - Accounts
Company Registration No. 06449797 (England and Wales)
UNAUDITED ABBREVIATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2015
CONTENTS
Page
Abbreviated balance sheet
1
Notes to the abbreviated accounts
2 - 3
ABBREVIATED BALANCE SHEET
AS AT
31 AUGUST 2015
- 1 -
2015
2014
Notes
£
£
£
£
Fixed assets
Tangible assets
2
Current assets
Debtors
Cash at bank and in hand
-
Creditors: amounts falling due within one year
(245,658 )
(246,623 )
Net current liabilities
(237,630 )
(223,423 )
Total assets less current liabilities
(214,221 )
(189,444 )
Capital and reserves
Called up share capital
3
Profit and loss account
(214,223 )
(189,446 )
Shareholders' funds
(214,221 )
(189,444 )
Director's responsibilities:
-
-
Approved by the Board and authorised for issue on 31 May 2016
Director
Company Registration No. 06449797
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 AUGUST 2015
- 2 -
1
Accounting policies
1.1
Accounting convention
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
1.4
Tangible fixed assets and depreciation
Land and buildings Leasehold
Plant and machinery
Computer equipment
Fixtures, fittings & equipment
Motor vehicles
1.5
Deferred taxation
Deferred taxation is provided in full in respect of taxation deferred by timing differences between the treatment of certain items for taxation and accounting purposes. The deferred tax balance has not been discounted.
2
Fixed assets
Tangible assets
£
Cost
At 1 September 2014
132,204
Disposals
(16,500)
At 31 August 2015
115,704
Depreciation
At 1 September 2014
98,225
On disposals
(11,004)
Charge for the year
5,074
At 31 August 2015
92,295
Net book value
At 31 August 2015
23,409
At 31 August 2014
33,979
NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2015
- 3 -
3
Share capital
2015
2014
£
£
Allotted, called up and fully paid