Abbreviated Company Accounts - 1501 LEISURE LTD

Registered Number 09447115

1501 LEISURE LTD

Abbreviated Accounts

31 March 2016

1501 LEISURE LTD Registered Number 09447115

Abbreviated Balance Sheet as at 31 March 2016

	Notes	2016
		£
Fixed assets
Intangible assets	2	39,992
Tangible assets	3	21,072
Investments	4	2
		61,066
Current assets
Stocks		22,400
Debtors		60,250
Cash at bank and in hand		9,253
		91,903
Creditors: amounts falling due within one year		(88,392)
Net current assets (liabilities)		3,511
Total assets less current liabilities		64,577
Creditors: amounts falling due after more than one year		(64,134)
Total net assets (liabilities)		443
Capital and reserves
Called up share capital		100
Profit and loss account		343
Shareholders' funds		443

For the year ending 31 March 2016 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 15 July 2016

And signed on their behalf by:
STEFAN BELL, Director

1501 LEISURE LTD Registered Number 09447115

Notes to the Abbreviated Accounts for the period ended 31 March 2016

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities effective April 2008.

Turnover policy
Turnover represents the value, net of value added tax and discounts, of goods provided to customers and work carried out in respect of services provided to customers.

Tangible assets depreciation policy
Plant and Machinery - 10% Reducing Balance

2Intangible fixed assets

	£
Cost
Additions	39,992
Disposals	-
Revaluations	-
Transfers	-
At 31 March 2016	39,992
Amortisation
Charge for the year	0
On disposals	-
At 31 March 2016	0
Net book values
At 31 March 2016	39,992

3Tangible fixed assets

	£
Cost
Additions	21,997
Disposals	-
Revaluations	-
Transfers	-
At 31 March 2016	21,997
Depreciation
Charge for the year	925
On disposals	-
At 31 March 2016	925
Net book values
At 31 March 2016	21,072

4Fixed assets Investments
Premises Licences