Abbreviated Company Accounts - L.G. LEISURE LIMITED

L.G. LEISURE LIMITED - Company Information

Registered Number 04666184

L.G. LEISURE LIMITED

Abbreviated Accounts

31 March 2014

L.G. LEISURE LIMITED Registered Number 04666184

Abbreviated Balance Sheet as at 31 March 2014

	Notes	2014	2013
		£	£
Fixed assets
Intangible assets	2	85,079	89,134
Tangible assets	3	498,418	457,547
		583,497	546,681
Current assets
Stocks		24,056	15,522
Debtors		6,474	18,447
Cash at bank and in hand		42,637	24,248
		73,167	58,217
Creditors: amounts falling due within one year		(370,184)	(279,928)
Net current assets (liabilities)		(297,017)	(221,711)
Total assets less current liabilities		286,480	324,970
Creditors: amounts falling due after more than one year		(443,780)	(459,332)
Total net assets (liabilities)		(157,300)	(134,362)
Capital and reserves
Called up share capital		4	4
Profit and loss account		(157,304)	(134,366)
Shareholders' funds		(157,300)	(134,362)

For the year ending 31 March 2014 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

Approved by the Board on 23 December 2014

And signed on their behalf by:
MRS L FISHER, Director

L.G. LEISURE LIMITED Registered Number 04666184

Notes to the Abbreviated Accounts for the period ended 31 March 2014

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities effective April 2008.

Turnover policy
The company's turnover represents the value, excluding Value Added Tax, of goods and services supplied to customers during the year.

2Intangible fixed assets

	£
Cost
At 1 April 2013	162,195
Additions	-
Disposals	-
Revaluations	-
Transfers	-
At 31 March 2014	162,195
Amortisation
At 1 April 2013	73,061
Charge for the year	4,055
On disposals	-
At 31 March 2014	77,116
Net book values
At 31 March 2014	85,079
At 31 March 2013	89,134

3Tangible fixed assets

	£
Cost
At 1 April 2013	1,073,946
Additions	87,957
Disposals	-
Revaluations	-
Transfers	-
At 31 March 2014	1,161,903
Depreciation
At 1 April 2013	616,399
Charge for the year	47,086
On disposals	-
At 31 March 2014	663,485
Net book values
At 31 March 2014	498,418
At 31 March 2013	457,547