Element Games North West Gaming Centre - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 10093883 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 March 2018

for

Element Games North West Gaming Centre

Limited

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

G M Plail

B J Orde

REGISTERED OFFICE:

Hallam Business Centre

1st Floor

Hallam Street

Stockport

Cheshire

SK2 6PT

REGISTERED NUMBER:

10093883 (England and Wales)

ACCOUNTANTS:

Bennett Brooks & Co Limited

Chartered Accountants

St George's Court

Winnington Avenue

Northwich

Cheshire

CW8 4EE

FIXED ASSETS

Tangible assets

4

3,379

1,628

CURRENT ASSETS

Stocks

1,450

1,450

Cash at bank and in hand

6,018

21,694

7,468

23,144

CREDITORS

Amounts falling due within one year

39,574

27,199

NET CURRENT LIABILITIES

(32,106

)

(4,055

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(28,727

)

(2,427

)

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

(28,827

)

(2,527

)

SHAREHOLDERS' FUNDS

(28,727

)

(2,427

)

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 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.

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the year ended 31 March 2018 in accordance with Section 444(2A) of the Companies Act 2006.

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 5 December 2018 and were signed on its behalf by:

G M Plail - Director

1.	STATUTORY INFORMATION

Element Games North West Gaming Centre 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.

The presentation currency of the financial statements is the Pound Sterling (£).

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.

The financial statements have been prepared on a going concern basis which assumes that the company will continue in

operational existence for the foreseeable future. The validity of this assumption depends upon the continued support of the

related companies. The directors believes that it is appropriate for the financial statements to be prepared on a going concern

basis.

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

Tangible fixed assets are stated at cost less accumulated depreciation. Cost includes the original purchase price of the asset

and the costs attributable to bringing the asset to its working condition for its intended use.

Depreciation is provided on all tangible fixed assets, at rates calculated to write off the cost, less estimated residual value, of

each asset on a systematic basis over its expected useful life as follows:

Plant & machinery -

20% 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.

Short term debtors and creditors

Short term debtors and creditors with no stated interest rate are recorded at transaction price. Any losses arising from

impairment are recognised in the profit and loss account.

Share capital

Ordinary shares are classed as equity.

Cash and cash equivalents

Cash and cash equivalents includes cash in hand, cash held with banks and bank overdrafts. Bank overdrafts are shown

within borrowings in current liabilities.

Operating lease commitments

Rentals payable under operating leases are charged to the income statement on a straight line basis over the period of the

lease.

3.	EMPLOYEES AND DIRECTORS

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

4.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 1 April 2017

1,846

Additions

2,539

At 31 March 2018

4,385

DEPRECIATION

At 1 April 2017

218

Charge for year

788

At 31 March 2018

1,006

NET BOOK VALUE

At 31 March 2018

3,379

At 31 March 2017

1,628

5.	OTHER FINANCIAL COMMITMENTS

At the balance sheet date the company has non cancellable operating lease commitments totalling £34,800 (2017: £52,200).