Quayside Leisure Limited - Accounts to registrar - small 17.2

REGISTERED NUMBER: 03772248 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30TH APRIL 2017

FOR

QUAYSIDE LEISURE LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

N R Gibbs

A D Gibbs

SECRETARY:

Mrs J Gibbs

REGISTERED OFFICE:

Pyle House

136/137 Pyle Street

Newport

Isle of Wight

PO30 1JW

REGISTERED NUMBER:

03772248 (England and Wales)

ACCOUNTANTS:

Harrison Black Limited

Pyle House

136/137 Pyle Street

Newport

Isle of Wight

PO30 1JW

CURRENT ASSETS

Debtors

6

1,110,033

1,057,602

Cash at bank

80,989

74,252

1,191,022

1,131,854

CREDITORS

Amounts falling due within one year

7

183,769

196,384

NET CURRENT ASSETS

1,007,253

935,470

TOTAL ASSETS LESS CURRENT LIABILITIES

1,007,253

935,470

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

1,007,153

935,370

SHAREHOLDERS' FUNDS

1,007,253

935,470

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30th April 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 30th April 2017 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps 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 Sections 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.

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.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors on 30th August 2017 and were signed on its behalf by:

N R Gibbs - Director

1.	STATUTORY INFORMATION

Quayside Leisure Limited is a private company, limited by shares , registered in England and Wales.

The company's registered number and registered office address can be found on the Company

Information page.

2.	STATEMENT OF COMPLIANCE

These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

3.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements for the year ended 30 April 2017, are the first financial statements that

comply with FRS 102. The date of transition is 1 May 2016.

The transition to FRS 102 has resulted in a small number of changes in accounting policies to those

used previously.

The financial statements have been prepared under the historical cost convention. The presentation

currency is £ sterling.

Turnover

Turnover represents net invoiced sales of labour, excluding value added tax.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery etc

-

5% on cost

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement,

except to the extent that it relates to items recognised in other comprehensive income or directly in

equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been

enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at

the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods

different from those in which they are recognised in financial statements. Deferred tax is measured

using tax rates and laws that have been enacted or substantively enacted by the year end and that are

expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable

that they will be recovered against the reversal of deferred tax liabilities or other future taxable

profits.

4.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 119 (2016 - 133 ) .

5.	TANGIBLE FIXED ASSETS

Motor

vehicles

£

COST

At 1st May 2016

and 30th April 2017

2,350

DEPRECIATION

At 1st May 2016

and 30th April 2017

2,350

NET BOOK VALUE

At 30th April 2017

-

At 30th April 2016

-

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

£

Trade debtors

161,690

181,622

Other debtors

948,343

875,980

1,110,033

1,057,602

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

£

Trade creditors

5,778

2,328

Taxation and social security

136,118

116,460

Other creditors

41,873

77,596

183,769

196,384

8.	RELATED PARTY DISCLOSURES

During the year, total dividends of £40,000 were paid to the directors .

9.	ULTIMATE CONTROLLING PARTY