Trent Leisure Limited,Ltd - AccountsLtd - Accounts

Trent Leisure Limited,Ltd - AccountsLtd - Accounts

TRENT LEISURE LIMITED - Company Information

Print Friendly Version

2016-01-01 04619316 2016-12-31 04619316 2016-01-01 2016-12-31 04619316 2015-12-31 04619316 2015-01-01 2015-12-31 04619316 uk-core:WithinOneYear 2015-12-31 04619316 uk-core:WithinOneYear 2016-12-31 04619316 uk-core:ShareCapital 2016-12-31 04619316 uk-core:ShareCapital 2015-12-31 04619316 uk-core:RetainedEarningsAccumulatedLosses 2016-12-31 04619316 uk-core:RetainedEarningsAccumulatedLosses 2015-12-31 04619316 uk-bus:Director1 2016-01-01 2016-12-31 04619316 uk-bus:Director2 2016-01-01 2016-12-31 04619316 uk-core:NetGoodwill 2016-01-01 2016-12-31 04619316 uk-core:MotorVehicles 2016-01-01 2016-12-31 04619316 uk-core:FurnitureFittings 2016-01-01 2016-12-31 04619316 uk-core:FurnitureFittings 2015-12-31 04619316 uk-core:MotorVehicles 2015-12-31 04619316 uk-core:MotorVehicles 2016-12-31 04619316 uk-core:FurnitureFittings 2016-12-31 04619316 3 uk-bus:Director1 2016-01-01 2016-12-31 04619316 3 uk-bus:Director1 2016-12-31 04619316 3 uk-bus:Director1 2015-12-31 04619316 4 uk-bus:Director2 2016-01-01 2016-12-31 04619316 4 uk-bus:Director2 2016-12-31 04619316 4 uk-bus:Director2 2015-12-31 iso4217:GBP 04619316 uk-bus:AuditExemptWithAccountantsReport 2016-01-01 2016-12-31 04619316 uk-bus:FRS102 2016-01-01 2016-12-31 04619316 uk-bus:FullAccounts 2016-01-01 2016-12-31 04619316 uk-bus:PrivateLimitedCompanyLtd 2016-01-01 2016-12-31
Trent Leisure Limited
Registered Number:04619316
For the year ended 31 December 2016
England and Wales
Unaudited Financial Statements
2
For the year ended 31 December 2016
Trent Leisure Limited
Contents Page
1
Statement of Financial Position
2 to 4
Notes to the Financial Statements
3
As at 31 December 2016
Trent Leisure Limited
Statement of Financial Position
Registered Number :
04619316
£
£
2015
2016
Notes
Fixed assets
Property, plant and equipment
17,535
26,566
2
17,535
26,566
Current assets
Inventories
24,278
21,899
Trade and other receivables
486
934
3
9,021
Cash and cash equivalents
8,388
31,221
33,785
Trade and other payables: amounts falling due within one
year
(44,578)
(29,217)
4
(10,793)
2,004
Net current assets
Total assets less current liabilities
19,539
15,773
(3,000)
(1,500)
Provisions for liabilities
16,539
Net assets
14,273
Capital and reserves
Called up share capital
10,000
10,000
Retained earnings
6,539
4,273
16,539
14,273
Shareholders' funds
For the year ended 31 December 2016 the company was entitled to exemption from audit under Section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2016 in accordance with Section 476 of the Companies Act 2006
The directors acknowledge their responsibilities for:a) ensuring that the company keeps proper accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
b) preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of
each financial year and of its profit or loss for each financial year in accordance with the requirements of Section
394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial
statements, so far as applicable to the company.
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.
The financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.
SC Sanders Director
NP Sanders Director
These financial statements were approved and authorised for issue by the Board on 10 July 2017 and were signed by:
The notes form part of these financial statements
1 of 4
4
For the year ended 31 December 2016
Trent Leisure Limited
Notes to the Financial Statements
Statutory Information
Trent Leisure Limited is a private limited company, limited by shares, domiciled in England and Wales, registration
number 04619316.
Registered address:
Unit C17 Kestrel Business Centre
Colwick Industrial Estate
Nottingham
NG4 2JR
The presentation currency is £ sterling.
1. Accounting policies
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A of Financial
Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the
Companies Act 2006. The financial statements have been prepared under the historical costs convention as
modified by the revaluation of certain assets.
Revenue recognition
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 0, is being amortised evenly over its estimated useful life of 0 years.
Property, plant and equipment
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:
25% Reducing balance
Motor vehicles
20% Straight line
Fixtures and fittings
Inventories
Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.
Hire purchase and leasing commitments
Rentals payable under operating leases are charged against income on a straight line basis over the lease term.
2 of 4
5
For the year ended 31 December 2016
Trent Leisure Limited
Notes to the Financial Statements Continued
2. Property, plant and equipment
Total
Fixtures and
fittings
Motor vehicles
£
£
£
Cost or
valuation
At 01 January 2016
56,056
53,157
2,899
3,614
3,614
-
Additions
(8,000)
-
Disposals
(8,000)
At 31 December 2016
2,899
48,771
51,670
Provision for depreciation and impairment
At 01 January 2016
29,490
27,886
1,604
Charge for year
7,845
7,520
325
(3,200)
(3,200)
-
On disposal
At 31 December 2016
34,135
32,206
1,929
At 31 December 2016
Net book value
970
16,565
17,535
At 31 December 2015
1,295
25,271
26,566
3. Trade and other receivables
2015
2016
£
£
Trade debtors
579
131
Other debtors
355
355
486
934
4. Trade and other payables: amounts falling due within one year
2015
2016
£
£
Trade creditors
10,332
11,282
Taxation and social security
9,803
5,226
Other creditors
9,082
28,070
29,217
44,578
5. Related party transactions
The company is controlled by its directors, whio own all of the issued share capital.
Dividends paid to directors during the year amounted to £10,000
3 of 4
6
For the year ended 31 December 2016
Trent Leisure Limited
Notes to the Financial Statements Continued
6. Directors advances and guarantees
Repaid
Loaned
At 01/01/2016
At 31/12/2016
£
£
£
£
NP Sanders
Loan account
(3,643)
(13,075)
14,432
5,000
(3,643)
(13,075)
14,432
5,000
SC Sanders
Loan account
(3,643)
(13,075)
14,432
5,000
(3,643)
(13,075)
14,432
5,000
7. Guarantees and other financial commitments
Other financial commitments
The company has entered into an operating lease for the rental of property. The annual commitment is £12,036 (
2015 £12,036 ) and the lease expires after more than five years from the balance sheet date.
8. Transition to FRS 102
The financial statements for the year ended 31 December 2016 are the first to be prepared under FRS102.The
transition date for the company was 1 January 2015. The directors have considered the implications of the
provisions of FRS102 for the company and have considered whether a restatement of balances at the date of
transition is required. Having carefully considered the matter the directors have concluded that no restatement is
required as a result of the transition to FRS 102.
4 of 4