New Road Leisure Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 09601642 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 December 2017

for

New Road Leisure Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

S J Simpson

Mrs J Simpson

REGISTERED OFFICE:

12a Marlborough Place

BRIGHTON

East Sussex

BN1 1WN

REGISTERED NUMBER:

09601642 (England and Wales)

ACCOUNTANTS:

Ghiaci Goodhand Smith Limited

12a Marlborough Place

BRIGHTON

East Sussex

BN1 1WN

FIXED ASSETS

Tangible assets

4

232,548

257,930

CURRENT ASSETS

Stocks

5

10,000

10,000

Debtors

6

4,306

9,560

Cash at bank and in hand

604,160

228,393

618,466

247,953

CREDITORS

Amounts falling due within one year

7

469,339

408,154

NET CURRENT ASSETS/(LIABILITIES)

149,127

(160,201

)

TOTAL ASSETS LESS CURRENT LIABILITIES

381,675

97,729

PROVISIONS FOR LIABILITIES

9

13,965

18,358

NET ASSETS

367,710

79,371

CAPITAL AND RESERVES

Called up share capital

10

800

800

Retained earnings

11

366,910

78,571

SHAREHOLDERS' FUNDS

367,710

79,371

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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 19 September 2018 and were signed on its behalf by:

S J Simpson - Director

1.	STATUTORY INFORMATION

New Road 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.

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

-

25% on reducing balance

Fixtures and fittings

-

25% 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 12 (2016 - 12 ) .

4.	TANGIBLE FIXED ASSETS

Improvements

Fixtures

to

Plant and

and

Computer

property

machinery

fittings

equipment

Totals

£

£

£

£

£

COST

At 1 January 2017

and 31 December 2017

160,000

118,403

11,899

627

290,929

DEPRECIATION

At 1 January 2017

-

29,601

3,154

244

32,999

Charge for year

-

22,200

2,975

207

25,382

At 31 December 2017

-

51,801

6,129

451

58,381

NET BOOK VALUE

At 31 December 2017

160,000

66,602

5,770

176

232,548

At 31 December 2016

160,000

88,802

8,745

383

257,930

5.

STOCKS

31.12.17

31.12.16

£

£

Stocks

10,000

10,000

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.17

31.12.16

£

£

Trade debtors

4,306

9,560

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.17

31.12.16

£

£

Trade creditors

46,153

57,188

Amounts owed to group undertakings

295,421

308,723

Tax

73,498

5

Social security and other taxes

3,307

2,186

VAT

48,960

38,052

Accrued expenses

2,000

2,000

469,339

408,154

8.	LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

31.12.17

31.12.16

£

£

Between one and five years

62,748

62,748

9.	PROVISIONS FOR LIABILITIES

31.12.17

31.12.16

£

£

Deferred tax

13,965

18,358

Deferred

tax

£

Balance at 1 January 2017

18,358

Accelerated capital allowances

(4,393

)

Balance at 31 December 2017

13,965

10.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.12.17

31.12.16

value:

£

£

300

Ordinary A

£1

300

300

300

Ordinary B

£1

300

300

200

Ordinary C

£1

200

200

800

800

11.

RESERVES

Retained

earnings

£

At 1 January 2017

78,571

Profit for the year

288,339

At 31 December 2017

366,910