M & N Leisure Limited,Ltd - AccountsLtd - Accounts

M & N Leisure Limited,Ltd - AccountsLtd - Accounts

M & N LEISURE LIMITED - Company Information

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2016-10-01 04067329 2017-09-30 04067329 2016-10-01 2017-09-30 04067329 2016-09-30 04067329 2015-10-01 2016-09-30 04067329 uk-core:WithinOneYear 2016-09-30 04067329 uk-core:WithinOneYear 2017-09-30 04067329 uk-core:ShareCapital 2017-09-30 04067329 uk-core:ShareCapital 2016-09-30 04067329 uk-core:RetainedEarningsAccumulatedLosses 2017-09-30 04067329 uk-core:RetainedEarningsAccumulatedLosses 2016-09-30 04067329 uk-bus:Director1 2016-10-01 2017-09-30 04067329 uk-core:PlantMachinery 2016-10-01 2017-09-30 04067329 uk-core:FurnitureFittings 2016-10-01 2017-09-30 04067329 uk-core:FurnitureFittings 2016-09-30 04067329 uk-core:PlantMachinery 2016-09-30 04067329 uk-core:PlantMachinery 2017-09-30 04067329 uk-core:FurnitureFittings 2017-09-30 iso4217:GBP 04067329 uk-bus:AuditExemptWithAccountantsReport 2016-10-01 2017-09-30 04067329 uk-bus:FRS102 2016-10-01 2017-09-30 04067329 uk-bus:FullAccounts 2016-10-01 2017-09-30 04067329 uk-bus:PrivateLimitedCompanyLtd 2016-10-01 2017-09-30
M & N Leisure Limited
Registered Number:04067329
For the year ended 30 September 2017
England and Wales
Unaudited Financial Statements
2
For the year ended 30 September 2017
M & N Leisure Limited
Contents Page
1
Statement of Financial Position
2 to 3
Notes to the Financial Statements
3
As at 30 September 2017
M & N Leisure Limited
Statement of Financial Position
Registered Number :
04067329
£
£
2016
2017
Notes
Fixed assets
Property, plant and equipment
2,191
2,603
2
2,191
2,603
Current assets
Inventories
250
250
3
Trade and other receivables
721
1,518
4
22,665
Cash and cash equivalents
12,624
14,392
23,636
Trade and other payables: amounts falling due within one
year
(26,136)
(16,468)
5
(2,500)
(2,076)
Net current liabilities
Total assets less current liabilities
115
103
115
Net assets
103
Capital and reserves
Called up share capital
100
100
Retained earnings
15
3
115
103
Shareholders' funds
For the year ended 30 September 2017 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 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 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.
Mr Marinko Glavina Director
These financial statements were approved and authorised for issue by the Board on 29 June 2018 and were signed by:
The notes form part of these financial statements
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4
For the year ended 30 September 2017
M & N Leisure Limited
Notes to the Financial Statements
Statutory Information
M & N Leisure Limited is a private limited company, limited by shares, domiciled in England and Wales, registration
number 04067329.
Registered address:
961 Ecclesall Road
Sheffield
S11 8TN
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.
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:
Plant and machinery
25% Reducing balance
15% Reducing balance
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.
Hire purchase and leasing commitments
Rentals payable under operating leases are charged against income on a straight line basis over the lease term.
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5
For the year ended 30 September 2017
M & N Leisure Limited
Notes to the Financial Statements Continued
2. Property, plant and equipment
Total
Fixtures and
fittings
Plant and
machinery
£
£
£
Cost or
valuation
At 01 October 2016
11,022
10,722
300
At 30 September 2017
300
10,722
11,022
Provision for depreciation and impairment
At 01 October 2016
8,419
8,344
75
Charge for year
412
356
56
At 30 September 2017
8,831
8,700
131
At 30 September 2017
Net book value
169
2,022
2,191
At 30 September 2016
225
2,378
2,603
3. Inventories
2016
2017
£
£
Stocks
250
250
4. Trade and other receivables
2016
2017
£
£
Trade debtors
1,518
721
5. Trade and other payables: amounts falling due within one year
2016
2017
£
£
Trade creditors
-
(1)
Taxation and social security
9,247
9,752
Other creditors
7,221
16,385
16,468
26,136
6. Related party transactions
The ultimate controlling parties are Mr M Glavina and Mrs N Jurela-Glavina, the directors and shareholders.
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