Abbreviated Company Accounts - LEISURE TIME HIRE LIMITED

LEISURE TIME HIRE LIMITED - Company Information

Registered Number 08251291

LEISURE TIME HIRE LIMITED

Abbreviated Accounts

31 October 2016

LEISURE TIME HIRE LIMITED Registered Number 08251291

Abbreviated Balance Sheet as at 31 October 2016

	Notes	2016	2015
		£	£
Fixed assets
Tangible assets	2	6,119	7,073
		6,119	7,073
Current assets
Debtors		24	90
Cash at bank and in hand		887	1,055
		911	1,145
Creditors: amounts falling due within one year		(11,600)	(12,662)
Net current assets (liabilities)		(10,689)	(11,517)
Total assets less current liabilities		(4,570)	(4,444)
Total net assets (liabilities)		(4,570)	(4,444)
Capital and reserves
Called up share capital		100	100
Profit and loss account		(4,670)	(4,544)
Shareholders' funds		(4,570)	(4,444)

For the year ending 31 October 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 11 July 2017

And signed on their behalf by:
U M Brown, Director

LEISURE TIME HIRE LIMITED Registered Number 08251291

Notes to the Abbreviated Accounts for the period ended 31 October 2016

1Accounting Policies

Basis of measurement and preparation of accounts
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 policy
Turnover represents the amount derived from the provision of goods and services falling withing the company's activities after deduction of trade discount and value added tax.

Tangible assets depreciation policy
Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful economic life of that asset as follows:

Fixtures & Fittings - 25% Reducing balance

Valuation information and policy
All fixed assets are initially recorded at cost.

2Tangible fixed assets

	£
Cost
At 1 November 2015	12,060
Additions	1,085
Disposals	-
Revaluations	-
Transfers	-
At 31 October 2016	13,145
Depreciation
At 1 November 2015	4,987
Charge for the year	2,039
On disposals	-
At 31 October 2016	7,026
Net book values
At 31 October 2016	6,119
At 31 October 2015	7,073