Company Registration No. SC095597 (Scotland)
Slot Leisure Limited
Abbreviated financial statements
for the year ended 30 June 2016
Slot Leisure Limited
Contents
Page
Abbreviated balance sheet
1 - 2
Notes to the abbreviated financial statements
3 - 4
Slot Leisure Limited
Abbreviated balance sheet
as at 30 June 2016
- 1 -
2016
2015
Notes
£
£
£
£
Fixed assets
Tangible assets
2
391,961
398,167
Investments
2
4,000
4,000
395,961
402,167
Current assets
Debtors
10,184
31,632
Cash at bank and in hand
9,944
10,046
20,128
41,678
Creditors: amounts falling due within one year
3
(203,224)
(206,895)
Net current liabilities
(183,096)
(165,217)
Total assets less current liabilities
212,865
236,950
Creditors: amounts falling due after more than one year
4
(66,688)
(90,962)
Provisions for liabilities
(30,787)
(31,687)
115,390
114,301
Capital and reserves
Called up share capital
5
1,000
1,000
Profit and loss account
114,390
113,301
Shareholders' funds
115,390
114,301
Slot Leisure Limited
Abbreviated balance sheet (continued)
as at 30 June 2016
- 2 -
For the financial year ended 30 June 2016 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
-
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
-
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.
Approved by the Board for issue on 29 March 2017
J H Horne
Director
Company Registration No. SC095597
Slot Leisure Limited
Notes to the abbreviated financial statements
for the year ended 30 June 2016
- 3 -
1
Accounting policies
1.1
Accounting convention
The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).
1.2
Compliance with accounting standards
The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).
1.3
Turnover
Turnover represents amounts derived from the company's ordinary activities after deduction of value added tax.
1.4
Tangible fixed assets and depreciation
Tangible fixed assets other than freehold land are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:
Land and buildings Freehold
25 years
Plant and machinery
4 to 10 years
Fixtures, fittings & equipment
4 to 10 years
In accordance with SSAP19 "Accounting for Investment Properties", no depreciation is provided on investment properties. Investment properties are carried at cost unless the directors consider that a significant difference between cost and open market value exists.
Rental income is included in the profit and loss account in the period in which it is receivable.
1.5
Investments
Fixed asset investments are stated at cost less provision for diminution in value.
Slot Leisure Limited
Notes to the abbreviated financial statements (continued)
for the year ended 30 June 2016
- 4 -
2
Fixed assets
Tangible assets
Investments
Total
£
£
£
Cost
At 1 July 2015
697,896
4,000
701,896
Additions
15,222
-
15,222
Disposals
(17,141)
-
(17,141)
At 30 June 2016
695,977
4,000
699,977
Depreciation
At 1 July 2015
299,729
-
299,729
On disposals
(16,158)
-
(16,158)
Charge for the year
20,445
-
20,445
At 30 June 2016
304,016
-
304,016
Net book value
At 30 June 2016
391,961
4,000
395,961
At 30 June 2015
398,167
4,000
402,167
3
Creditors: amounts falling due within one year
The aggregate amount of creditors for which security has been given amounted to £29,367 (2015 - £33,033).
4
Creditors: amounts falling due after more than one year
The aggregate amount of creditors for which security has been given amounted to £66,688 (2015 - £90,962).
5
Share capital
2016
2015
£
£
Allotted, called up and fully paid
1,000 Ordinary shares of £1 each
1,000
1,000