Abbreviated Company Accounts - GO LEISURE COLCHESTER LIMITED

GO LEISURE COLCHESTER LIMITED - Company Information

09288322 GO LEISURE COLCHESTER LIMITED 2016-10-31 false 2015-11-01 2016-10-31 true 09288322 2015-11-01 2016-10-31 09288322 2016-10-31 09288322 2015-10-31 09288322 uk-gaap-cd-bus:Director1 2015-11-01 2016-10-31 09288322 uk-gaap-cd-bus:Director2 2015-11-01 2016-10-31 uk-gaap-cd-bus:OrdinaryShareClass1 2015-11-01 2016-10-31 uk-gaap-cd-bus:OrdinaryShareClass1 2016-10-31 uk-gaap-cd-bus:OrdinaryShareClass1 2015-10-31 iso4217:GBP shares

Registered Number 09288322

GO LEISURE COLCHESTER LIMITED

Abbreviated Accounts

31 October 2016

GO LEISURE COLCHESTER LIMITED Registered Number 09288322

Abbreviated Balance Sheet as at 31 October 2016

	Notes	2016	2015
		£	£
Fixed assets
Intangible assets	2	35,100	-
Tangible assets	3	37,351	-
		72,451	-
Current assets
Debtors		74,897	5,000
Cash at bank and in hand		18,709	49,600
		93,606	54,600
Creditors: amounts falling due within one year		(107,692)	(54,500)
Net current assets (liabilities)		(14,086)	100
Total assets less current liabilities		58,365	100
Creditors: amounts falling due after more than one year		(140,600)	-
Total net assets (liabilities)		(82,235)	100
Capital and reserves
Called up share capital	4	100	100
Profit and loss account		(82,335)	-
Shareholders' funds		(82,235)	100

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 14 July 2017

And signed on their behalf by:
Mr G Chamberlain, Director

GO LEISURE COLCHESTER LIMITED Registered Number 09288322

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

1Accounting Policies

Basis of measurement and preparation of accounts
The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).

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 are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Freehold - 10 Year straight line
Leasehold - 10 Year straight line
Fixtures & fittings - 15% Reducing balance

Intangible assets amortisation policy
Other intangible assets are franchise fees and is amortised to profit and loss account over its estimated economic life of 10 years.

Other accounting policies
Debtors
Debtors include an amount of £18,000 (2015 - £-) falling due after more than one year.

Transaction with and Loans to directors
At the balance sheet date the company was owed £41,500 (2015 - £0) by Go Leisure Building & Mainteance Limited. Go Leisure Build & Maintenance Limited is controlled by Mr A O'Brien and Mr G Chamberlain.

At the balance sheet date the company owed £18,059 (2015 - £0) to Go Leisure Limited Limited for Management charges. Total charge in the year of £24,660. Go Leisure Limited is controlled by Mr A Chamberlain.

Mr A Chamberlain was owed £5,306 at the balance sheet date (2015 - £54,500) and is included in creditors.

Other Commitments
HSBC Bank PLC has a fixed and floating charge that covers all the property or undertaking of the company.

Ultimate controlling party
The company was controlled throughout the current year by Mr A Chamberlain, M G Chamberlain and Mr A O'Brien by virtue of their ownership of the entire issued share capital.

2Intangible fixed assets

	£
Cost
At 1 November 2015	-
Additions	39,000
Disposals	-
Revaluations	-
Transfers	-
At 31 October 2016	39,000
Amortisation
At 1 November 2015	-
Charge for the year	3,900
On disposals	-
At 31 October 2016	3,900
Net book values
At 31 October 2016	35,100
At 31 October 2015	-

3Tangible fixed assets

	£
Cost
At 1 November 2015	-
Additions	43,586
Disposals	-
Revaluations	-
Transfers	-
At 31 October 2016	43,586
Depreciation
At 1 November 2015	-
Charge for the year	6,235
On disposals	-
At 31 October 2016	6,235
Net book values
At 31 October 2016	37,351
At 31 October 2015	-

4Called Up Share Capital
Allotted, called up and fully paid:

	2016 £	2015 £
100 Ordinary shares of £1 each	100	100