Priory (Leamington Spa) Limited - Abbreviated accounts 16.3

Priory (Leamington Spa) Limited - Abbreviated accounts 16.3

PRIORY (LEAMINGTON SPA) LIMITED - Company Information

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08422927 1.3.15 29.2.16 29.2.16 Company accounts Private Limited Company FY true false true false false true false Ordinary 1.00000 Ordinary A 1.00000 Ordinary B 1.00000 1.00000 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pure084229272015-02-28084229272016-02-29084229272015-03-012016-02-29084229272014-02-28084229272014-03-012015-02-28084229272015-02-2808422927ns12:England2015-03-012016-02-2908422927ns14:PoundSterling2015-03-012016-02-2908422927ns7:Director12015-03-012016-02-2908422927ns7:OrdinaryShareClass12015-03-012016-02-2908422927ns7:OrdinaryShareClass22015-03-012016-02-2908422927ns7:OrdinaryShareClass32015-03-012016-02-2908422927ns7:RegisteredOffice2015-03-012016-02-2908422927ns7:EntityAccountantsOrAuditors2015-03-012016-02-2908422927ns7:OrdinaryShareClass12016-02-2908422927ns7:OrdinaryShareClass12015-02-2808422927ns7:OrdinaryShareClass22016-02-2908422927ns7:OrdinaryShareClass22015-02-2808422927ns7:OrdinaryShareClass32016-02-2908422927ns7:OrdinaryShareClass32015-02-28
REGISTERED NUMBER: 08422927 (England and Wales)















ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 29TH FEBRUARY 2016

FOR

PRIORY (LEAMINGTON SPA) LIMITED

PRIORY (LEAMINGTON SPA) LIMITED (REGISTERED NUMBER: 08422927)






CONTENTS OF THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 29TH FEBRUARY 2016




Page

Company Information 1

Abbreviated Balance Sheet 2

Notes to the Abbreviated Accounts 3

PRIORY (LEAMINGTON SPA) LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 29TH FEBRUARY 2016







DIRECTOR: J P Williams





REGISTERED OFFICE: 1&2 Mercia Village
Torwood Close
Westwood Business Park
Coventry
West Midlands
CV4 8HX





REGISTERED NUMBER: 08422927 (England and Wales)





ACCOUNTANTS: Armstrongs
Chartered Accountants and Business Advisors
1&2 Mercia Village
Torwood Close
Westwood Business Park
Coventry
West Midlands
CV4 8HX
Page 1
PRIORY (LEAMINGTON SPA) LIMITED (REGISTERED NUMBER: 08422927)

ABBREVIATED BALANCE SHEET
29TH FEBRUARY 2016

2016 2015
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 2 - 3,333

CURRENT ASSETS
Stocks 4,200 5,000
Debtors 18,245 10,872
Cash at bank 692 2,900
23,137 18,772
CREDITORS
Amounts falling due within one year 22,766 23,213
NET CURRENT ASSETS/(LIABILITIES) 371 (4,441 )
TOTAL ASSETS LESS CURRENT
LIABILITIES
371
(1,108
)

CAPITAL AND RESERVES
Called up share capital 3 102 100
Profit and loss account 269 (1,208 )
SHAREHOLDERS' FUNDS 371 (1,108 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29th February 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 29th February 2016 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director on 29th November 2016 and were signed by:



J P Williams - Director


The notes form part of these abbreviated accounts

Page 2
PRIORY (LEAMINGTON SPA) LIMITED (REGISTERED NUMBER: 08422927)

NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 29TH FEBRUARY 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).

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

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2013, is being amortised evenly over its estimated useful life of three years.

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

Deferred tax
Deferred taxation has been recognised as a liability or asset if transactions occurred at the balance sheet date that
gives rise to an obligation to pay more taxation in future or a right to pay less in taxation in future. An asset is not
recognised to the extent that transfer of economic benefit in future is uncertain. Deferred tax assets or liabilities
recognised have not been discounted as at the balance sheet date.

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.

2. INTANGIBLE FIXED ASSETS
Total
£   
COST
At 1st March 2015
and 29th February 2016 10,000
AMORTISATION
At 1st March 2015 6,667
Amortisation for year 3,333
At 29th February 2016 10,000
NET BOOK VALUE

At 29th February 2016 -
At 28th February 2015 3,333

Page 3 continued...
PRIORY (LEAMINGTON SPA) LIMITED (REGISTERED NUMBER: 08422927)

NOTES TO THE ABBREVIATED ACCOUNTS - continued
FOR THE YEAR ENDED 29TH FEBRUARY 2016

3. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2016 2015
value: £    £   
100 Ordinary £1.00 100 100
1 Ordinary A £1 1 -
1 Ordinary B £1 1 -
102 100

The following shares were issued during the year for cash at par :

1 Ordinary A share of £1
1 Ordinary B share of £1

Page 4