Nelson Leisure Limited - Accounts to registrar (filleted) - small 18.2

Nelson Leisure Limited - Accounts to registrar (filleted) - small 18.2

NELSON LEISURE LIMITED - Company Information

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REGISTERED NUMBER: 05031615 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2018

FOR

NELSON LEISURE LIMITED
NELSON LEISURE LIMITED (REGISTERED NUMBER: 05031615)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 March 2018










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


NELSON LEISURE LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 March 2018







DIRECTOR: J W Nelson





SECRETARY: Mrs K M Nelson





REGISTERED OFFICE: 13 Trinity Square
Llandudno
North Wales
LL30 2RB





REGISTERED NUMBER: 05031615 (England and Wales)





ACCOUNTANTS: Williams Denton Cyf
Chartered Certified Accountants
13 Trinity Square
Llandudno
North Wales
LL30 2RB
Page 1
NELSON LEISURE LIMITED (REGISTERED NUMBER: 05031615)

BALANCE SHEET
31 March 2018

31.3.18 31.3.17
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 27,300 27,300
Tangible assets 5 89,740 91,257
117,040 118,557

CURRENT ASSETS
Debtors 6 3,873 -
Cash at bank and in hand 86,012 83,745
89,885 83,745
CREDITORS
Amounts falling due within one year 7 8,933 13,011
NET CURRENT ASSETS 80,952 70,734
TOTAL ASSETS LESS CURRENT
LIABILITIES
197,992
189,291

CREDITORS
Amounts falling due after more than one
year
8
(8,962
)
2,702

PROVISIONS FOR LIABILITIES (16,132 ) (16,171 )
NET ASSETS 172,898 175,822

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 172,897 175,821
SHAREHOLDERS' FUNDS 172,898 175,822

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2018 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 notes form part of these financial statements

Page 2 continued...
NELSON LEISURE LIMITED (REGISTERED NUMBER: 05031615)

BALANCE SHEET - continued
31 March 2018


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 director on 3 July 2018 and were signed by:





J W Nelson - Director


The notes form part of these financial statements

Page 3
NELSON LEISURE LIMITED (REGISTERED NUMBER: 05031615)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 March 2018


1. STATUTORY INFORMATION

Nelson 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. 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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates,
value added tax and other sales taxes.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 0, is being amortised evenly over its estimated useful life of nil years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost
less any accumulated amortisation and any accumulated impairment losses.

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 reducing balance

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.

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.

Page 4 continued...
NELSON LEISURE LIMITED (REGISTERED NUMBER: 05031615)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 March 2018


3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2017 - 2 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2017
and 31 March 2018 27,300
NET BOOK VALUE
At 31 March 2018 27,300
At 31 March 2017 27,300

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2017 337,668
Additions 37,295
Disposals (24,042 )
At 31 March 2018 350,921
DEPRECIATION
At 1 April 2017 246,411
Charge for year 32,156
Eliminated on disposal (17,386 )
At 31 March 2018 261,181
NET BOOK VALUE
At 31 March 2018 89,740
At 31 March 2017 91,257

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.18 31.3.17
£    £   
Other debtors 3,873 -

Page 5 continued...
NELSON LEISURE LIMITED (REGISTERED NUMBER: 05031615)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 March 2018


7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.18 31.3.17
£    £   
Hire purchase contracts 4,694 -
Taxation and social security 2,512 11,336
Other creditors 1,727 1,675
8,933 13,011

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.18 31.3.17
£    £   
Hire purchase contracts 8,962 -
Other creditors - (2,702 )
8,962 (2,702 )

Page 6