Eveque Leisure Equipment Limited - Abbreviated accounts 16.1

REGISTERED NUMBER: 01475034 (England and Wales)

Abbreviated Accounts

for the Year Ended 30 November 2015

for

Eveque Leisure Equipment Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

T G Bunner

I J Bunner

SECRETARY:

T G Bunner

REGISTERED OFFICE:

Unit 11, Wincham Avenue

Northwich

Cheshire

CW9 6GB

REGISTERED NUMBER:

01475034 (England and Wales)

ACCOUNTANTS:

Sloan & Co.

Chartered Accountants

Granite Buildings

6 Stanley Street

Liverpool

Merseyside

L1 6AF

FIXED ASSETS

Tangible assets

2

21,625

26,353

CURRENT ASSETS

Stocks

259,449

234,082

Debtors

465,152

436,774

Cash at bank and in hand

2,227

1,755

726,828

672,611

CREDITORS

Amounts falling due within one year

570,723

536,608

NET CURRENT ASSETS

156,105

136,003

TOTAL ASSETS LESS CURRENT
LIABILITIES

177,730

162,356

CREDITORS

Amounts falling due after more than one
year

3

7,885

16,538

NET ASSETS

169,845

145,818

CAPITAL AND RESERVES

Called up share capital

4

3,350

Capital redemption reserve

1,650

Profit and loss account

164,845

140,818

SHAREHOLDERS' FUNDS

169,845

145,818

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2015.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2015 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 14 July 2016 and were signed on its behalf by:

T G Bunner - Director

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).

Turnover

Turnover represents net invoiced sales of goods, excluding value added tax.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Plant and machinery

-

10% on cost

Fixtures and fittings

-

25% on cost

Computer equipment

-

33% on cost

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow

moving items.

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the

balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at

the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held

under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases

are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to the profit and loss account over the relevant period. The

capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to the profit and loss account on a straight line basis over the

period of the lease.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension

scheme are charged to the profit and loss account in the period to which they relate.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 December 2014

201,911

Additions

8,784

At 30 November 2015

210,695

DEPRECIATION

At 1 December 2014

175,558

Charge for year

13,512

At 30 November 2015

189,070

NET BOOK VALUE

At 30 November 2015

21,625

At 30 November 2014

26,353

3.

CREDITORS

Creditors include the following debts falling due in more than five years:

2015

2014

£

Repayable otherwise than by instalments

-

10,000

Details of shares shown as liabilities are as follows:

Allotted, issued and fully paid:

Number:

Class:

Nominal

2015

2014

value:

£

10,000

Preference-6%

£1

-

10,000

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2015

2014

value:

£

6,700

Ordinary

£0.50

3,350