N and C Leisure Limited - Limited company accounts 11.9

REGISTERED NUMBER: 07351026 (England and Wales)

Report of the Directors and

Unaudited Financial Statements for the Year Ended 31 August 2017

for

N and C Leisure Limited

Page

Company Information

1

Report of the Directors

2

Profit and Loss Account

3

Balance Sheet

4

Notes to the Financial Statements

6

DIRECTORS:

P M Saunders

Mrs C Saunders

SECRETARY:

REGISTERED OFFICE:

43 Kenwin Close

Swindon

Wiltshire

SN3 4NY

REGISTERED NUMBER:

07351026 (England and Wales)

ACCOUNTANTS:

Blizzard Blue Accountancy Limited

43 Kenwin Close

Stratton St. Margaret

Swindon

Wiltshire

SN3 4NY

The directors present their report with the financial statements of the company for the year ended 31 August 2017.

DIRECTORS

The directors shown below have held office during the whole of the period from 1 September 2016

to the date of this report.

P M Saunders

Mrs C Saunders

This report has been prepared in accordance with the special provisions of Part 15 of the

Companies Act 2006 relating to small companies.

ON BEHALF OF THE BOARD:

P M Saunders - Director

22 May 2018

TURNOVER

255,864

291,960

Cost of sales

197,836

205,390

GROSS PROFIT

58,028

86,570

Administrative expenses

90,212

85,918

OPERATING (LOSS)/PROFIT

2

(32,184

)

652

Interest payable and similar charges

586

-

(LOSS)/PROFIT ON ORDINARY
ACTIVITIES BEFORE TAXATION

(32,770

)

652

Tax on (loss)/profit on ordinary
activities

3

-

(LOSS)/PROFIT FOR THE
FINANCIAL YEAR

(32,770

)

652

FIXED ASSETS

Tangible assets

4

10,940

15,360

CURRENT ASSETS

Stocks

5,900

Debtors

5

100

3,484

Cash in hand

6,309

8,457

12,309

17,841

CREDITORS

Amounts falling due within one year

6

74,682

51,864

NET CURRENT LIABILITIES

(62,373

)

(34,023

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

(51,433

)

(18,663

)

CAPITAL AND RESERVES

Called up share capital

7

100

Profit and loss account

8

(51,533

)

(18,763

)

SHAREHOLDERS' FUNDS

(51,433

)

(18,663

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 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 in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies and with the Financial Reporting Standard for Smaller Entities (effective April 2008).

The financial statements were approved by the Board of Directors on 22 May 2018 and were
signed on its behalf by:

P M Saunders - Director

1.	ACCOUNTING POLICIES

Accounting convention

The financial statements have been prepared under the historical cost convention and in

accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).

Turnover

Turnover represents net invoiced sales of goods, 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

-

25% on cost and 15% 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.

Deferred tax

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

reversed at the balance sheet date.

2.	OPERATING (LOSS)/PROFIT

The operating loss (2016 - operating profit) is stated after charging:

31.8.17

31.8.16

£

Depreciation - owned assets

4,420

5,700

Directors' remuneration and other benefits etc

-

3.

TAXATION

Analysis of the tax charge

No liability to UK corporation tax arose on ordinary activities for the year ended

31 August 2017 nor for the year ended 31 August 2016.

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 September 2016

and 31 August 2017

45,289

DEPRECIATION

At 1 September 2016

29,929

Charge for year

4,420

At 31 August 2017

34,349

NET BOOK VALUE

At 31 August 2017

10,940

At 31 August 2016

15,360

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.8.17

31.8.16

£

Trade debtors

-

3,384

Other debtors

100

3,484

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.8.17

31.8.16

£

Bank loans and overdrafts

22,483

-

Trade creditors

6,035

5,293

Taxation and social security

7,915

9,238

Other creditors

38,249

37,333

74,682

51,864

7.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.8.17

31.8.16

value:

£

100

Ordinary

£1

100

8.

RESERVES

Profit

and loss

account

£

At 1 September 2016

(18,763

)

Deficit for the year

(32,770

)

At 31 August 2017

(51,533

)