Accounts filed on 31-10-2016


Registered number: 02384898






M & F Leisure (Penkridge) Limited


ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 31/10/2016
























Prepared By:
Carthy Accountants Limited
Certified practising accountants
33 Eastgate Street
Stafford
ST16 2LZ


M & F Leisure (Penkridge) Limited


ABBREVIATED ACCOUNTS


FOR THE YEAR ENDED 31/10/2016

















INDEX TO THE ACCOUNTS




Abbreviated Balance Sheet		2

Notes to the Abbreviated Accounts		3



The company's registered number is 02384898


Registered Number: 02384898

BALANCE SHEET AT 31/10/2016

			2016		2015
	Notes		£		£

FIXED ASSETS
Intangible assets	2		20,000		20,000
Tangible assets	3		577,844		287,478

			597,844		307,478

CURRENT ASSETS
Cash at bank and in hand		203,293		178,248
		203,293		178,248
CREDITORS: Amounts falling due within one year		580,030		263,463
NET CURRENT LIABILITIES			(376,737)		(85,215)
TOTAL ASSETS LESS CURRENT LIABILITIES			221,107		222,263

CAPITAL AND RESERVES

Called up share capital	4		50,000		50,000
Profit and loss account			171,107		172,263
SHAREHOLDERS' FUNDS			221,107		222,263

For the year ending 31/10/2016 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 29/03/2017 and signed on their behalf by




Francis Billot
Director

1. ACCOUNTING POLICIES




1a. Basis Of Accounting
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).




1b. Cash Flow Statement
The Company is exempt from including a statement of cash flows in its accounts in accordance with Financial Reporting Standard for Smaller Entities (effective January 2015).




1c. Depreciation
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.

Plant and Machinery		reducing balance 20%
Fixtures and Fittings		reducing balance 15%




1d. Taxation
Corporation tax payable is provided on taxable profits at the current rates.
Provision is made for deferred taxation in so far as a liability or asset has arisen as a result of transactions that had occurred by the balance sheet date and have given rise to an obligation to pay more tax in the future, or the right to pay less tax in the future. An asset has not been recognised to the extent that the transfer of economic benefits in the future is uncertain. Deferred tax assets and liabilities recognised have not been discounted.




1e. Turnover
Turnover represents the invoiced value of goods and services supplied by the company, net of value added tax and trade discounts.




1f. Goodwill
Goodwill arising in connection with the acquisition of businesses is capitalised and amortised over its estimated economic life to a maximum of 20 years. Goodwill is reviewed annually for impairment if events or changes in circumstances indicate that the carrying value may not be recoverable.




4. SHARE CAPITAL	2016	2015
	£	£
Allotted, issued and fully paid:
50000 Ordinary shares of £1 each	50000	50000
	50,000	50,000