Lions Den Fitness Centre Limited - Abbreviated accounts 16.1

REGISTERED NUMBER: 07680519 (England and Wales)

Abbreviated Unaudited Accounts for the Year Ended 31 March 2016

for

Lions Den Fitness Centre Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTORS:

G Dean

L Forshaw

Mrs A M Forshaw

SECRETARY:

REGISTERED OFFICE:

10/12 Upper Dicconson St

Wigan

Lancashire

WN1 2AD

REGISTERED NUMBER:

07680519 (England and Wales)

ACCOUNTANTS:

Ashford Rainham Limited

10-12 Upper Dicconson St

Wigan

Lancashire

WN1 2AD

FIXED ASSETS

Tangible assets

2

5,649

3,557

CURRENT ASSETS

Stocks

889

1,050

Cash at bank and in hand

8,771

3,183

9,660

4,233

CREDITORS

Amounts falling due within one year

13,852

7,499

NET CURRENT LIABILITIES

(4,192

)

(3,266

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

1,457

291

CAPITAL AND RESERVES

Called up share capital

3

100

Profit and loss account

1,357

191

SHAREHOLDERS' FUNDS

1,457

291

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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 22 December 2016 and were signed on its behalf
by:

G Dean - Director

Mrs A M Forshaw - Director

L Forshaw - 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.

Plant and machinery etc

-

15% on reducing balance

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 tax is recognised in respect of all timing differences that have originated but not reversed 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.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 April 2015

5,998

Additions

3,089

At 31 March 2016

9,087

DEPRECIATION

At 1 April 2015

2,441

Charge for year

997

At 31 March 2016

3,438

NET BOOK VALUE

At 31 March 2016

5,649

At 31 March 2015

3,557

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2016

2015

value:

£

100

Ordinary

£1

100