Sale Road Gym Limited - Abbreviated accounts 16.1

Sale Road Gym Limited - Abbreviated accounts 16.1

SALE ROAD GYM LIMITED - Company Information

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REGISTERED NUMBER: 03011298 (England and Wales)













Abbreviated Unaudited Accounts for the Year Ended 31 January 2016

for

SALE ROAD GYM LIMITED

SALE ROAD GYM LIMITED (REGISTERED NUMBER: 03011298)






Contents of the Abbreviated Accounts
for the year ended 31 January 2016




Page

Company Information 1

Abbreviated Balance Sheet 2

Notes to the Abbreviated Accounts 3

Accountants' Report 4

SALE ROAD GYM LIMITED

Company Information
for the year ended 31 January 2016







DIRECTORS: Mr R E Halford
Mrs G J Halford





SECRETARY: Mrs G J Halford





REGISTERED OFFICE: Queens Head House
The Street
Acle
Norwich
NR13 3DY





REGISTERED NUMBER: 03011298 (England and Wales)





ACCOUNTANTS: Hines Harvey Woods Ltd
Chartered Certified Accountants
Queens Head House
The Street
Acle
Norwich
NR13 3DY
Page 1
SALE ROAD GYM LIMITED (REGISTERED NUMBER: 03011298)

Abbreviated Balance Sheet
31 January 2016

2016 2015
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 2 10,102 12,628

CURRENT ASSETS
Cash at bank 10,853 9,616

CREDITORS
Amounts falling due within one year 1,753 1,755
NET CURRENT ASSETS 9,100 7,861
TOTAL ASSETS LESS CURRENT
LIABILITIES
19,202
20,489

PROVISIONS FOR LIABILITIES - 1
NET ASSETS 19,202 20,488

CAPITAL AND RESERVES
Called up share capital 3 2 2
Profit and loss account 19,200 20,486
SHAREHOLDERS' FUNDS 19,202 20,488

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2016 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 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 20 June 2016 and were signed on its behalf by:





Mr R E Halford - Director


The notes form part of these abbreviated accounts

Page 2
SALE ROAD GYM LIMITED (REGISTERED NUMBER: 03011298)

Notes to the Abbreviated Accounts
for the year ended 31 January 2016

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).

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

Short leasehold - 4% on cost
Plant and machinery - 25% on reducing balance

Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods
different from those in which they are included in the company's accounts. Deferred tax is provided in full on
timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates
that are expected to apply when the timing differences reverse, based on current tax rates and laws.

Deferred tax is not provided on timing differences arising from the revaluation of fixed assets where there is no
commitment to sell the asset.

Deferred tax assets and liabilities are not discounted.

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.

Rental income
Rental income is recognised on a straight line basis over the term of the lease.

2. TANGIBLE FIXED ASSETS
Total
£   
COST
At 1 February 2015
and 31 January 2016 64,368
DEPRECIATION
At 1 February 2015 51,740
Charge for year 2,526
At 31 January 2016 54,266
NET BOOK VALUE
At 31 January 2016 10,102
At 31 January 2015 12,628

3. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2016 2015
value: £    £   
2 Ordinary £1 2 2

Page 3
Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
Sale Road Gym Limited

The following reproduces the text of the report prepared for the directors in respect of the company's annual
unaudited financial statements, from which the unaudited abbreviated accounts (set out on pages two to three)
have been prepared.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the
financial statements of Sale Road Gym Limited for the year ended 31 January 2016 which comprise the Profit and Loss
Account, the Balance Sheet, and the related notes from the company's accounting records and from information and
explanations you have given us.

As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/rulebook.

This report is made solely to the Board of Directors of Sale Road Gym Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Sale Road Gym Limited and state those matters that we have agreed to state to the Board of Directors of Sale Road Gym Limited, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/factsheet163. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Sale Road Gym Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Sale Road Gym Limited. You consider that Sale Road Gym Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Sale Road Gym Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Hines Harvey Woods Ltd
Chartered Certified Accountants
Queens Head House
The Street
Acle
Norwich
NR13 3DY


20 June 2016

This page does not form part of the abbreviated accounts

Page 4