The Megacentre Rayleigh Ltd - Accounts to registrar (filleted) - small 18.1

REGISTERED NUMBER: 02866701 (England and Wales)

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2017

FOR

THE MEGACENTRE RAYLEIGH LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

Directors' Responsibilities Statement

5

Independent Certified Accountants' Review Report

6

DIRECTORS:

L V Cantle

P Goldsmith

REGISTERED OFFICE:

7-9 Brook Road

Rayleigh

Essex

SS6 7UT

REGISTERED NUMBER:

02866701 (England and Wales)

ACCOUNTANTS:

Connah Goldsworthy

Chartered Certified Accountants

12 Station Court

Station Approach

Wickford

Essex

SS11 7AT

FIXED ASSETS

Tangible assets

4

126,511

187,237

CURRENT ASSETS

Stocks

5

4,115

4,386

Debtors

6

73

-

Cash in hand

1,533

1,578

5,721

5,964

CREDITORS

Amounts falling due within one year

7

72,532

121,577

NET CURRENT LIABILITIES

(66,811

)

(115,613

)

TOTAL ASSETS LESS CURRENT LIABILITIES

59,700

71,624

CREDITORS

Amounts falling due after more than one year

8

18,299

28,496

NET ASSETS

41,401

43,128

CAPITAL AND RESERVES

Called up share capital

1,100,000

1,100,000

Retained earnings

(1,058,599

)

(1,056,872

)

SHAREHOLDERS' FUNDS

41,401

43,128

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 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 9 April 2018 and were signed on its behalf by:

L V Cantle - Director

1.	STATUTORY INFORMATION

The Megacentre Rayleigh Ltd 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.	ACCOUNTING POLICIES

Basis of preparing the financial statements

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

Changes in accounting policies

The directors have reviewed the method of depreciation previously applied and concluded that it should be

amended so as to ensure that assets were written off over their useful estimated life.

Turnover

Turnover represents the net received sales of goods and provision of recreational facilities, 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.

Improvements to property

-

10% on cost

Plant & equipment

-

15% on cost

Fixtures and fittings

-

15% on cost

Computer equipment

-

33% on cost

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and

slow moving items.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the

lease.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's

pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 58 .

4.	TANGIBLE FIXED ASSETS

Improvements

Fixtures

to

Plant &

and

Computer

property

equipment

fittings

equipment

Totals

£

£

£

£

£

COST

At 1 October 2016

and 30 September 2017

654,690

198,419

347,870

11,074

1,212,053

DEPRECIATION

At 1 October 2016

533,540

145,883

336,122

9,271

1,024,816

Charge for year

27,777

22,709

8,437

1,803

60,726

At 30 September 2017

561,317

168,592

344,559

11,074

1,085,542

NET BOOK VALUE

At 30 September 2017

93,373

29,827

3,311

-

126,511

At 30 September 2016

121,150

52,536

11,748

1,803

187,237

5.

STOCKS

30.9.17

30.9.16

£

£

Stocks

4,115

4,386

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.9.17

30.9.16

£

£

Trade debtors

13

-

Other debtors

60

-

73

-

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.9.17

30.9.16

£

£

Bank loans and overdrafts

13,972

29,948

Big Issue Loan

-

203

Trade creditors

12,223

13,990

Amounts owed to group undertakings

8,169

45,051

Social security and other taxes

3,578

3,858

VAT

20,840

14,951

Accruals and deferred income

13,750

13,576

72,532

121,577

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

30.9.17

30.9.16

£

£

Bank loans - 1-2 years

18,299

21,600

Bank loans - 2-5 years

-

6,896

18,299

28,496

9.	SECURED DEBTS

The following secured debts are included within creditors:

30.9.17

30.9.16

£

£

Bank overdrafts

3,172

19,148

The bank overdraft is secured by a personal guarantee by one of the company's directors, L Cantle.

10.	RELATED PARTY DISCLOSURES

At the year end the company owed a balance of £8,169 (2016 - £45,051) to its parent undertaking, Active

Christian Trust.

During the year the company paid £114,396 (2016 - £114,396) to Active Christian Trust for rent of the premises

from which it operates.

The company received a reimbursement for costs incurred on behalf of Active Christian Trust in the sum of

£89,500. This is shown as Other Income in the accounts.

11.	ULTIMATE CONTROLLING PARTY

Active Christian Trust, a charity registered with the Charity Commission under number 1015452 is the ultimate

controlling party.

The following reproduces the text of the report prepared for the directors and members in respect of the

company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company

is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other

primary statements and the Report of the Directors are not required to be filed with the Registrar of

Companies.

We confirm that as directors we have met our duty in accordance with the Companies Act 2006 to:

-	ensure that the company has kept proper accounting records;

-	prepare financial statements which give a true and fair view of the state of affairs of the company as at 30 September 2017 and of its loss for that period in accordance with United Kingdom Generally Accepted Accounting Practice; and

-	follow the applicable accounting policies, subject to any material departures disclosed and explained in the notes to the financial statements.

ON BEHALF OF THE BOARD:

L V Cantle - Director

9 April 2018

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

We have reviewed the financial statements of The Megacentre Rayleigh Ltd for the year ended 30 September 2017, which comprise the Income Statement, Balance Sheet and the related notes 1 to 13. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

This report is made solely to the company's directors, as a body, in accordance with our terms of engagement. Our review has been undertaken so that we might state to the directors those matters that we have agreed with them in our engagement letter and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and the company's directors as a body for our work, for this report or the conclusions we have formed.

Directors' responsibility for the financial statements

As explained more fully in the Directors' Responsibilities Statement set out on page eight, the directors are responsible

for the preparation of the financial statements and for being satisfied that they give a true and fair view.

Accountants' responsibility

Our responsibility is to express a conclusion based on our review of the financial statements. We conducted our review

in accordance with International Standard on Review Engagements (ISRE) 2400 (Revised), 'Engagements to review

historical financial statements' and ICAEW Technical Release TECH 09/13AAF 'Assurance review engagements on

historical financial statements'. ISRE 2400 also requires us to comply with the ICAEW Code of Ethics.

Scope of the assurance review

A review of financial statements in accordance with ISRE 2400 (Revised) is a limited assurance engagement. We

have performed additional procedures to those required under a compilation engagement. These primarily consist of

making enquiries of management and others within the entity, as appropriate, applying analytical procedures and

evaluating the evidence obtained. The procedures performed in a review are substantially less than those performed in

an audit conducted in accordance with International Standards on Auditing (UK and Ireland). Accordingly, we do not

express an audit opinion on these financial statements.

Conclusion

Based on our review, nothing has come to our attention that causes us to believe that the financial statements have not been prepared:

-	so as to give a true and fair view of the state of the company's affairs as at 30 September 2017 and of its loss for the year then ended;

-	in accordance with United Kingdom Generally Accepted Accounting Practice; and

-	in accordance with the requirements of the Companies Act 2006.

Connah Goldsworthy

Chartered Certified Accountants

12 Station Court

Station Approach

Wickford

Essex

SS11 7AT

9 April 2018