Leeds Esprit Gymnastics Club Ltd - Abbreviated accounts 16.3

REGISTERED NUMBER: 07313134 (England and Wales)

Abbreviated Unaudited Accounts for the Year Ended 31 October 2016

for

Leeds Esprit Gymnastics Club Ltd

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTORS:

C R Walker

Mrs C V Walker

Mrs A Kier

Miss A D R Walker

Mrs Z Lloyd

SECRETARY:

Mrs C V Walker

REGISTERED OFFICE:

4 Beechwood Avenue

Drighlington

Bradford

West Yorkshire

BD11 1AQ

REGISTERED NUMBER:

07313134 (England and Wales)

ACCOUNTANTS:

Frank W Dobby & Co Limited

Chartered Certified Accountants

55 Fountain Street

Morley

Leeds

West Yorkshire

LS27 0AA

FIXED ASSETS

Tangible assets

2

10,376

6,943

CURRENT ASSETS

Cash at bank

25,418

17,204

CREDITORS

Amounts falling due within one year

803

804

NET CURRENT ASSETS

24,615

16,400

TOTAL ASSETS LESS CURRENT LIABILITIES

34,991

23,343

RESERVES

General reserve

34,991

23,343

34,991

23,343

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 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 23 May 2017 and were signed on its behalf by:

C R Walker - 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 services, 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.

Gymnastics equipment

-

20% on cost

Computer equipment

-

33% 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.

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 November 2015

29,246

Additions

6,805

At 31 October 2016

36,051

DEPRECIATION

At 1 November 2015

22,303

Charge for year

3,372

At 31 October 2016

25,675

NET BOOK VALUE

At 31 October 2016

10,376

At 31 October 2015

6,943

3.

STATUS

Leeds Esprit Gymnastics Club Ltd is a company limited by guarantee and has no share capital. In the event of the

winding up of the company, the liability of members is limited to £1 each.