Abbreviated Company Accounts - M & N LEISURE LIMITED

Abbreviated Company Accounts - M & N LEISURE LIMITED

M & N LEISURE LIMITED - Company Information

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Registered Number 04067329

M & N LEISURE LIMITED

Abbreviated Accounts

30 September 2016

M & N LEISURE LIMITED Registered Number 04067329

Abbreviated Balance Sheet as at 30 September 2016

Notes 2016 2015
£ £
Fixed assets
Tangible assets 2 2,603 3,292
2,603 3,292
Current assets
Stocks 250 250
Debtors 721 156
Cash at bank and in hand 22,665 35,192
23,636 35,598
Creditors: amounts falling due within one year (26,136) (38,789)
Net current assets (liabilities) (2,500) (3,191)
Total assets less current liabilities 103 101
Total net assets (liabilities) 103 101
Capital and reserves
Called up share capital 100 100
Profit and loss account 3 1
Shareholders' funds 103 101
  • For the year ending 30 September 2016 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
  • The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
  • The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
  • These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

Approved by the Board on 30 June 2017

And signed on their behalf by:
M GLAVINA, Director

M & N LEISURE LIMITED Registered Number 04067329

Notes to the Abbreviated Accounts for the period ended 30 September 2016

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities effective April 2008.

Turnover policy
Turnover comprises the invoiced value of goods and services supplied by the company, net of value added tax and trade discounts.

Tangible assets depreciation policy
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Plant and machinery 25% reducing balance
Fixtures and fittings 15% reducing balance

2Tangible fixed assets
£
Cost
At 1 October 2015 10,722
Additions 300
Disposals -
Revaluations -
Transfers -
At 30 September 2016 11,022
Depreciation
At 1 October 2015 7,430
Charge for the year 989
On disposals -
At 30 September 2016 8,419
Net book values
At 30 September 2016 2,603
At 30 September 2015 3,292