SANDS_AMUSEMENTS_LIMITED - Accounts

SANDS AMUSEMENTS LIMITED - Company Information

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Company Registration No. 08385344 (England and Wales)

SANDS AMUSEMENTS LIMITED

ABBREVIATED ACCOUNTS

FOR THE PERIOD ENDED 31 MARCH 2014

Richard Anthony and Company

Chartered Accountants

SANDS AMUSEMENTS LIMITED

CONTENTS

Page

Abbreviated balance sheet

Notes to the abbreviated accounts

2 - 3

SANDS AMUSEMENTS LIMITED

ABBREVIATED BALANCE SHEET

AS AT

31 MARCH 2014

- 1 -

2014

Notes

Fixed assets

Intangible assets

419,503

Tangible assets

152,223

571,726

Current assets

Stocks

43,800

Debtors

1,759

Cash at bank and in hand

209,779

255,338

Creditors: amounts falling due within one year

(618,285)

Net current liabilities

(362,947)

Total assets less current liabilities

208,779

Provisions for liabilities

(19,717)

189,062

Capital and reserves

Called up share capital

Profit and loss account

189,060

Shareholders' funds

189,062

For the financial Period ended 31 March 2014 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its financial statements for the Period in question in accordance with section 476;

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.

These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.

Approved by the Board for issue on 27 October 2014

Mr D Parnham

Mrs N Parnham

Director

Company Registration No. 08385344

SANDS AMUSEMENTS LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE PERIOD ENDED 31 MARCH 2014

- 2 -

Accounting policies

1.1

Accounting convention

The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).

1.2

Compliance with accounting standards

The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).

1.3

Turnover

Turnover represents amounts receivable for goods and services net of VAT and trade discounts.

1.4

Goodwill

Acquired goodwill is written off in equal annual instalments over its estimated useful economic life of 10 years.

1.5

Tangible fixed assets and depreciation

Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:

Gaming Machines

25% straight line basis

Fixtures, fittings & equipment

25% reducing balance basis

Fixed assets

Intangible assets

Tangible assets

Total

Cost

At 1 February 2013

Additions

466,114

217,755

683,869

Disposals

(14,790)

At 31 March 2014

466,114

202,965

669,079

Depreciation

At 1 February 2013

Charge for the period

46,611

50,742

97,353

At 31 March 2014

46,611

50,742

97,353

Net book value

At 31 March 2014

419,503

152,223

571,726

SANDS AMUSEMENTS LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)

FOR THE PERIOD ENDED 31 MARCH 2014

- 3 -

Share capital

2014

Allotted, called up and fully paid

2 Ordinary of £1 each

During the year 2 ordinary shares of £1 each were allotted and fully paid at par for cash consideration.