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REGISTERED NUMBER: 09600370 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MAY 2018

FOR

ALEM LEISURE LIMITED

ALEM LEISURE LIMITED (REGISTERED NUMBER: 09600370)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2018










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


ALEM LEISURE LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MAY 2018







DIRECTORS: Mr A P Ivins
Mrs E Ivins





SECRETARY: Mrs E Ivins





REGISTERED OFFICE: Bottom Cottage
Owslebury Bottom
Winchester
Hampshire
SO21 1LY





BUSINESS ADDRESS: Bottom Cottage
Owslebury Bottom
Winchester
Hampshire
SO211LY





REGISTERED NUMBER: 09600370 (England and Wales)





ACCOUNTANTS: Casson Beckman
Chartered Accountants
Murrills House
48 East Street
Portchester
Fareham
Hampshire
PO16 9XS

ALEM LEISURE LIMITED (REGISTERED NUMBER: 09600370)

BALANCE SHEET
31 MAY 2018

2018 2017
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 5,241 3,200
Tangible assets 5 107,111 23,125
112,352 26,325

CURRENT ASSETS
Stocks 10,907 14,392
Debtors 6 309,664 303,868
Cash at bank and in hand 288,444 50,341
609,015 368,601
CREDITORS
Amounts falling due within one year 7 318,909 132,445
NET CURRENT ASSETS 290,106 236,156
TOTAL ASSETS LESS CURRENT
LIABILITIES

402,458

262,481

CREDITORS
Amounts falling due after more than one
year

8

(56,318

)

-

PROVISIONS FOR LIABILITIES (17,363 ) (4,394 )
NET ASSETS 328,777 258,087

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 328,677 257,987
SHAREHOLDERS' FUNDS 328,777 258,087

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 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.

ALEM LEISURE LIMITED (REGISTERED NUMBER: 09600370)

BALANCE SHEET - continued
31 MAY 2018


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 7 September 2018 and were signed on its behalf
by:




Mr A P Ivins - Director



Mrs E Ivins - Director


ALEM LEISURE LIMITED (REGISTERED NUMBER: 09600370)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2018


1. STATUTORY INFORMATION

Alem 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.

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.

Turnover
Turnover represents amounts received for drinks and entertainment provided, net of VAT.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2015 and 2017, is being
amortised over its estimated useful life of ten years on each.

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
Motor vehicles - 25% on reducing balance
Computer equipment - 33% 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.

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.

ALEM LEISURE LIMITED (REGISTERED NUMBER: 09600370)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 2018


2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Hire purchase is secured over the assets to which it relates.

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 11 (2017 - 13 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 June 2017 4,000
Additions 2,712
At 31 May 2018 6,712
AMORTISATION
At 1 June 2017 800
Charge for year 671
At 31 May 2018 1,471
NET BOOK VALUE
At 31 May 2018 5,241
At 31 May 2017 3,200

5. TANGIBLE FIXED ASSETS
Plant and Motor Computer
machinery vehicles equipment Totals
£    £    £    £   
COST
At 1 June 2017 26,978 - 932 27,910
Additions 10,776 104,520 - 115,296
At 31 May 2018 37,754 104,520 932 143,206
DEPRECIATION
At 1 June 2017 4,369 - 416 4,785
Charge for year 5,008 26,130 172 31,310
At 31 May 2018 9,377 26,130 588 36,095
NET BOOK VALUE
At 31 May 2018 28,377 78,390 344 107,111
At 31 May 2017 22,609 - 516 23,125

ALEM LEISURE LIMITED (REGISTERED NUMBER: 09600370)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 2018


6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2018 2017
£    £   
Amounts owed by associates 205,000 75,428
Other debtors 104,664 228,440
309,664 303,868

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2018 2017
£    £   
Hire purchase contracts 12,634 -
Trade creditors 48,148 53,500
Amounts owed to associates 119,500 -
Taxation and social security 124,932 72,401
Other creditors 13,695 6,544
318,909 132,445

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2018 2017
£    £   
Hire purchase contracts 56,318 -

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 May 2018 and
31 May 2017:

2018 2017
£    £   
Mr A P Ivins and Mrs E Ivins
Balance outstanding at start of year 129,995 (118,327 )
Amounts advanced 85,104 251,319
Amounts repaid (219,474 ) (2,997 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (4,375 ) 129,995