REGISTERED NUMBER: 05287189 (England and Wales)

Abbreviated Unaudited Accounts for the Year Ended 30 September 2013

for

ABAC Leisure Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

Mr A E J Catten

Mrs A M Catten

Miss B J Catten

REGISTERED OFFICE:

The Arena Leisure Centre

Circular Road East

Colchester

Essex

CO2 7SZ

REGISTERED NUMBER:

05287189 (England and Wales)

ACCOUNTANTS:

Finnigan & Co

37 Lower Brook Street

Ipswich

Suffolk

IP4 1AQ

FIXED ASSETS

Tangible assets

2

8,131

9,959

CURRENT ASSETS

Stocks

2,500

2,500

Debtors

3,939

8,419

Cash at bank and in hand

1,221

2,695

7,660

13,614

CREDITORS

Amounts falling due within one year

3

55,262

65,579

NET CURRENT LIABILITIES

(47,602

)

(51,965

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(39,471

)

(42,006

)

CAPITAL AND RESERVES

Called up share capital

4

100

100

Profit and loss account

(39,571

)

(42,106

)

SHAREHOLDERS' FUNDS

(39,471

)

(42,006

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2013.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2013 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 abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the Board of Directors on 16 June 2014 and were signed on its behalf by:

Mrs A M Catten - Director

1.	ACCOUNTING POLICIES

Accounting convention

The financial statements have been prepared under the historical cost convention and in accordance with the

Financial Reporting Standard for Smaller Entities (effective April 2008).

Turnover

Turnover represents net invoiced sales of goods, excluding value added tax.

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

-

15% on reducing balance

Computer equipment

-

30% on reducing balance

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow

moving items.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance

sheet date.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to the profit and loss account on a straight line basis over the

period of the lease.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 October 2012

and 30 September 2013

31,544

DEPRECIATION

At 1 October 2012

21,585

Charge for year

1,828

At 30 September 2013

23,413

NET BOOK VALUE

At 30 September 2013

8,131

At 30 September 2012

9,959

3.

CREDITORS

Creditors include an amount of £ 14,121 (30.9.12 - £ 16,411 ) for which security has been given.

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30.9.13

30.9.12

value:

£

£

100

Ordinary

£1

100

100