Reedley Leisure Ltd - Period Ending 2014-02-28
Reedley Leisure Ltd - Period Ending 2014-02-28
Registration number:
Unaudited Abbreviated Accounts
for the Year Ended
MacMahon Leggate
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Reedley Leisure Ltd
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The following reproduces the text of the accountants' report in respect of the company's annual financial statements, from which the abbreviated accounts (set out on pages 2 to 4) have been prepared.
Chartered Accountants' Report to the Director on the Preparation of the Unaudited Statutory Accounts of
Reedley Leisure Ltd
for the Year Ended 28 February 2014
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Reedley Leisure Ltd for the year ended 28 February 2014 set out on pages from the company's accounting records and from information and explanations you have given us.
As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at icaew.com/membershandbook.
This report is made solely to the Board of Directors of Reedley Leisure Ltd, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of Reedley Leisure Ltd and state those matters that we have agreed to state to them, as a body, in this report in accordance with AAF 2/10 as detailed at icaew.com/compilation. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Reedley Leisure Ltd and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that Reedley Leisure Ltd has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Reedley Leisure Ltd. You consider that Reedley Leisure Ltd is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of Reedley Leisure Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.
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MacMahon Leggate
Chartered Accountants
Charter House
18-20 Finsley Gate
Burnley
Lancashire
BB11 2HA
25 March 2014
Reedley Leisure Ltd
(Registration number: 04745716)
Abbreviated Balance Sheet at 28 February 2014
Note |
2014
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2013
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Fixed assets |
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Tangible fixed assets |
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Current assets |
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Debtors |
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Cash at bank and in hand |
- |
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Creditors: Amounts falling due within one year |
( |
( |
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Net current liabilities |
( |
( |
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Total assets less current liabilities |
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Creditors: Amounts falling due after more than one year |
( |
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Net assets |
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Capital and reserves |
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Called up share capital |
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Revaluation reserve |
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Profit and loss account |
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Shareholders' funds |
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Approved by the director on
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Mr A Kinder
Director
2
Reedley Leisure Ltd
Notes to the Abbreviated Accounts for the Year Ended 28 February 2014
......... continued
Accounting policies |
Basis of preparation
Turnover
Depreciation
Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows:
Asset class |
Depreciation method and rate |
Freehold property |
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Motor vehicles |
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Hire purchase and leasing
Financial instruments
Reedley Leisure Ltd
Notes to the Abbreviated Accounts for the Year Ended 28 February 2014
......... continued
Fixed assets |
Tangible assets
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Total
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Cost |
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At 1 March 2013 |
840,312 |
840,312 |
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Disposals |
(26,634) |
(26,634) |
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At 28 February 2014 |
813,678 |
813,678 |
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Depreciation |
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At 1 March 2013 |
29,076 |
29,076 |
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Charge for the year |
4,436 |
4,436 |
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Eliminated on disposals |
(19,834) |
(19,834) |
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At 28 February 2014 |
13,678 |
13,678 |
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Net book value |
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At 28 February 2014 |
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At 28 February 2013 |
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Creditors |
Included in the creditors are the following amounts due after more than five years:
2014
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2013
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After more than five years by instalments |
- |
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Share capital |
Allotted, called up and fully paid shares
2014 |
2013 |
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No. |
£ |
No. |
£ |
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