REGISTERED NUMBER: 07180702 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 March 2017

for

ABR Leisure Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

C J O'Connell

REGISTERED OFFICE:

Elmstone Court

Upper Minety

Malmesbury

Wiltshire

SN16 9PR

REGISTERED NUMBER:

07180702 (England and Wales)

ACCOUNTANTS:

Morley & Co (UK) Ltd

Chartered Certified Accountants,

2 Cricklade Court

Old Town

Swindon

Wiltshire

SN1 3EY

FIXED ASSETS

Tangible assets

4

22,397

23,725

CURRENT ASSETS

Stocks

5,437

4,543

Debtors

5

21,002

30,437

Cash at bank and in hand

17,606

13,499

44,045

48,479

CREDITORS

Amounts falling due within one year

6

79,946

101,140

NET CURRENT LIABILITIES

(35,901

)

(52,661

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(13,504

)

(28,936

)

CREDITORS

Amounts falling due after more than one year

7

59,615

60,027

NET LIABILITIES

(73,119

)

(88,963

)

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

(73,219

)

(89,063

)

(73,119

)

(88,963

)

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2017 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 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 19 December 2017 and were signed by:

C J O'Connell - Director

1.	STATUTORY INFORMATION

ABR Leisure Ltd 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.

The company transitioned to FRS 102 from previously extant UK GAAP as at 1 April 2016. No significant

adjustments were required to the current or prior year accounts as a result of the transition to FRS 102.

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.

Leasehold improvements

-

10% on cost

Plant and machinery

-

25% on cost

Fixtures and fittings

-

25% 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.

Financial instruments

Basic financial instruments, including trade and other receivables and payables, cash and bank balances, bank

loans and loans to or from other group companies are initially recognised at transaction price, unless the

arrangement constitutes a financing transaction, where the transaction is measured at the present value of the

future receipts discounted at a market rate of interest. Such assets are subsequently carried at amortised cost

using the effective interest method.

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.

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 16 .

4.	TANGIBLE FIXED ASSETS

Fixtures

Leasehold

Plant and

and

Computer

improvements

machinery

fittings

equipment

Totals

£

£

£

£

£

COST

At 1 April 2016

40,100

42,031

32,334

3,401

117,866

Additions

2,420

3,009

54

-

5,483

Disposals

-

(1,666

)

(452

)

-

(2,118

)

At 31 March 2017

42,520

43,374

31,936

3,401

121,231

DEPRECIATION

At 1 April 2016

20,686

39,017

32,090

2,349

94,142

Charge for year

4,252

1,644

85

829

6,810

Eliminated on disposal

-

(1,666

)

(452

)

-

(2,118

)

At 31 March 2017

24,938

38,995

31,723

3,178

98,834

NET BOOK VALUE

At 31 March 2017

17,582

4,379

213

223

22,397

At 31 March 2016

19,414

3,014

244

1,052

23,724

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

£

Directors' current accounts

-

3,966

Deferred tax asset

12,639

17,700

Prepayments

8,363

8,771

21,002

30,437

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

£

Trade creditors

29,227

19,777

Tax

1

1

Social security and other taxes

1,442

3,384

VAT

8,921

12,557

Other creditors

37,805

62,523

Net Wages

100

1,313

Accrued expenses

2,450

1,585

79,946

101,140

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2017

2016

£

£

Amounts owed to group undertakings

59,615

60,027

8.	OTHER FINANCIAL COMMITMENTS

The following financial commitments are due to be paid within 12 months

Rent to M Sadler £32,000

Van lease to Network £5,398

9.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

As at 31 March 2017, the company owed the director, CJ O'Connell £37,805 (2016: £62,523).

This amount is disclosed in the accounts as other creditors.

This amount was loaned interest free and is repayable on demand.

10.	GOING CONCERN

At 31 March 2017 the company had a negative balance sheet of £73,119 (2016: £88,963) but had made a trading

profit of £20,905 (2016: £4,853) for the year.

The directors are continuing to support the business and continue to believe that the going concern basis is

appropriate in the preparation of these accounts. If adoption of the going concern basis was inappropriate,

adjustments would be required to write down assets to their recoverable value, to reclassify fixed assets as

current assets and to provide for any further liabilities that may arise.