MW Amusements Limited - Abbreviated accounts 16.3

MW Amusements Limited - Abbreviated accounts 16.3

MW AMUSEMENTS LIMITED - Company Information

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REGISTERED NUMBER: 03161961 (England and Wales)















MW AMUSEMENTS LIMITED

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 31 MARCH 2016






MW AMUSEMENTS LIMITED (REGISTERED NUMBER: 03161961)






CONTENTS OF THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 MARCH 2016




Page

Company Information 1

Abbreviated Balance Sheet 2

Notes to the Abbreviated Accounts 4

MW AMUSEMENTS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2016







DIRECTORS: Mr J M Woolls
Mr M W Woolls





SECRETARY: Mr M W Woolls





REGISTERED OFFICE: 424 Margate Road
Westwood
Ramsgate
Kent
CT12 6SR





REGISTERED NUMBER: 03161961 (England and Wales)





ACCOUNTANTS: Spurling Cannon
Chartered Certified Accountants
424 Margate Road
Westwood
Ramsgate
Kent
CT12 6SJ
Page 1
MW AMUSEMENTS LIMITED (REGISTERED NUMBER: 03161961)

ABBREVIATED BALANCE SHEET
31 MARCH 2016

2016 2015
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 2 - -
Tangible assets 3 2,828,819 2,846,983
2,828,819 2,846,983

CURRENT ASSETS
Debtors 7,071 8,031
Cash at bank and in hand 289,647 147,343
296,718 155,374
CREDITORS
Amounts falling due within one year 4 124,048 156,264
NET CURRENT ASSETS/(LIABILITIES) 172,670 (890 )
TOTAL ASSETS LESS CURRENT
LIABILITIES
3,001,489
2,846,093

CREDITORS
Amounts falling due after more than one
year
4
82,151
109,220
NET ASSETS 2,919,338 2,736,873

CAPITAL AND RESERVES
Called up share capital 5 225,000 225,000
Profit and loss account 2,694,338 2,511,873
SHAREHOLDERS' FUNDS 2,919,338 2,736,873

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 notes form part of these abbreviated accounts

Page 2 continued...
MW AMUSEMENTS LIMITED (REGISTERED NUMBER: 03161961)

ABBREVIATED BALANCE SHEET - continued
31 MARCH 2016


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:





Mr J M Woolls - Director


The notes form part of these abbreviated accounts

Page 3
MW AMUSEMENTS LIMITED (REGISTERED NUMBER: 03161961)

NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 MARCH 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 income from trading activities net of Value Added Tax.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 1996, is being amortised evenly over its estimated useful life of ten years.

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 - in accordance with the property
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance
sheet date.

2. INTANGIBLE FIXED ASSETS
Total
£   
COST
At 1 April 2015
and 31 March 2016 60,601
AMORTISATION
At 1 April 2015
and 31 March 2016 60,601
NET BOOK VALUE

At 31 March 2016 -
At 31 March 2015 -

Page 4 continued...
MW AMUSEMENTS LIMITED (REGISTERED NUMBER: 03161961)

NOTES TO THE ABBREVIATED ACCOUNTS - continued
FOR THE YEAR ENDED 31 MARCH 2016

3. TANGIBLE FIXED ASSETS
Total
£   
COST
At 1 April 2015 3,506,039
Additions 7,733
At 31 March 2016 3,513,772
DEPRECIATION
At 1 April 2015 659,056
Charge for year 25,897
At 31 March 2016 684,953
NET BOOK VALUE
At 31 March 2016 2,828,819
At 31 March 2015 2,846,983

4. CREDITORS

Creditors include an amount of £ 112,151 (2015 - £ 139,220 ) for which security has been given.

5. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2016 2015
value: £    £   
225,000 Ordinary £1 225,000 225,000

Page 5