false true true false 2009-04-01 2010-03-31 2010-03-31 true 06164577 2009-04-01 2010-03-31 06164577 2008-04-01 2009-03-31 06164577 2010-03-31 06164577 2009-03-31 06164577 2009-03-31 06164577 2008-04-01 06164577 uk-bus:Director1 2009-04-01 2010-03-31 06164577 uk-bus:Director1 2009-04-01 06164577 uk-bus:Director1 2010-03-31 06164577 uk-bus:Director2 2009-04-01 2010-03-31 06164577 uk-bus:Director2 2009-04-01 06164577 uk-bus:Director2 2010-03-31 06164577 uk-bus:CompanySecretary 2009-04-01 2010-03-31 06164577 uk-gaap:OwnedOrFreeholdTangibleFixedAssets 2009-04-01 2010-03-31 06164577 uk-gaap:OwnedOrFreeholdTangibleFixedAssets 2008-04-01 2009-03-31 06164577 uk-gaap:LeasedTangibleFixedAssets 2009-04-01 2010-03-31 06164577 uk-gaap:LeasedTangibleFixedAssets 2008-04-01 2009-03-31 06164577 uk-gaap:NetGoodwill 2009-04-01 2010-03-31 06164577 uk-gaap:NetGoodwill 2008-04-01 2009-03-31 06164577 uk-gaap:IntangibleAssetsOtherThanGoodwill 2009-04-01 2010-03-31 06164577 uk-gaap:IntangibleAssetsOtherThanGoodwill 2008-04-01 2009-03-31 06164577 uk-bus:AllEntityOfficers 2009-04-01 2010-03-31 06164577 uk-bus:AllEntityOfficers 2008-04-01 2009-03-31 06164577 uk-bus:AllOrdinaryShares 2009-04-01 2010-03-31 06164577 uk-bus:AllOrdinaryShares 2010-03-31 06164577 uk-bus:AllOrdinaryShares 2008-04-01 2009-03-31 06164577 uk-bus:AllOrdinaryShares 2009-03-31 06164577 uk-bus:AllPreferenceShares 2009-04-01 2010-03-31 06164577 uk-bus:AllPreferenceShares 2010-03-31 06164577 uk-bus:AllPreferenceShares 2008-04-01 2009-03-31 06164577 uk-bus:AllPreferenceShares 2009-03-31 06164577 uk-gaap:NetGoodwill 2010-03-31 06164577 uk-gaap:NetGoodwill 2009-03-31 06164577 uk-gaap:IntangibleAssetsOtherThanGoodwill 2010-03-31 06164577 uk-gaap:IntangibleAssetsOtherThanGoodwill 2009-03-31 06164577 uk-gaap:LandBuildings 2010-03-31 06164577 uk-gaap:LandBuildings 2009-04-01 2010-03-31 06164577 uk-gaap:LandBuildings 2009-03-31 06164577 uk-gaap:PlantMachinery 2010-03-31 06164577 uk-gaap:PlantMachinery 2009-04-01 2010-03-31 06164577 uk-gaap:PlantMachinery 2009-03-31 06164577 uk-gaap:FixturesFittings 2010-03-31 06164577 uk-gaap:FixturesFittings 2009-04-01 2010-03-31 06164577 uk-gaap:FixturesFittings 2009-03-31 06164577 uk-gaap:MotorVehicles 2010-03-31 06164577 uk-gaap:MotorVehicles 2009-04-01 2010-03-31 06164577 uk-gaap:MotorVehicles 2009-03-31 06164577 uk-gaap:OfficeEquipment 2010-03-31 06164577 uk-gaap:OfficeEquipment 2009-04-01 2010-03-31 06164577 uk-gaap:OfficeEquipment 2009-03-31 06164577 uk-bus:RegisteredOffice 2009-04-01 2010-03-31 06164577 uk-gaap:WithinOneYear 2010-03-31 06164577 uk-gaap:WithinOneYear 2009-03-31 06164577 uk-gaap:AfterOneYear 2010-03-31 06164577 uk-gaap:AfterOneYear 2009-03-31 06164577 uk-gaap:BetweenOneFiveYears 2010-03-31 06164577 uk-gaap:BetweenOneFiveYears 2009-03-31 06164577 uk-gaap:MoreThanFiveYears 2010-03-31 06164577 uk-gaap:MoreThanFiveYears 2009-03-31 iso4217:GBP xbrli:pure xbrli:shares

P S LEISURE LIMITED




Company Registration Number:
06164577 (England and Wales)



Report of the Directors and Unaudited Financial Statements



Period of accounts


Start date: 01st April 2009

End date: 31st March 2010

SUBMITTED

P S LEISURE LIMITED

Contents of the Financial Statements
for the Period Ended
31st March 2010

Company Information
Report of the Directors
Profit and Loss Account
Balance sheet
Notes to the Financial Statements

P S LEISURE LIMITED

Company Information
for the Period Ended
31st March 2010




Director: Mr. peter Bird
Mrs. Sarah Bird
Registered office: FUSION Church Road
Jackfield
Shropshire
TF8 7AP
Company Registration Number: 06164577 (England and Wales)

P S LEISURE LIMITED

Directors’ Report Period Ended 31st March 2010

The directors present their report with the financial statements of the company for the period ended 31st March 2010

Principal activities
The principal activity of the company in the period under review was:
Sale, hire and repair of bicycles

Directors
The directors shown below have held office during the whole of the period from
01st April 2009 to 31st March 2010
Mr. peter Bird
Mrs. Sarah Bird

The above report has been prepared in accordance with the special provisions in part 15 of the Companies Act 2006

This report was approved by the board of directors on 15 November 2010
And Signed On Behalf Of The Board By:

Name: Mr. peter Bird
Status: Director

P S LEISURE LIMITED

Profit and Loss Account

for the Period Ended 31st March 2010

Notes 2010
£
2009
£
Turnover: 241,993 142,253
Cost of sales: 155,112 45,896
Gross profit or (loss): 86,881 96,357
Distribution costs: 1,540 196
Administrative expenses: 2, 89,073 76,405
Other operating income: - 75
Operating profit or (loss): ( 3,732 ) 19,831
Interest receivable and similar income: - 8
Interest payable and similar charges: 313 -
Profit or (loss) on ordinary activities before taxation: ( 4,045 ) 19,839
Tax on profit or loss on ordinary activities: 0 3,478
Profit or (loss) for the financial year: ( 4,045 ) 16,361

The notes form part of these financial statements

P S LEISURE LIMITED

Statement of total recognised gains and losses
31st March 2010

Statement of total recognised gains and losses

The company does not have any gains and losses other than Profit and Loss for the period to report.

P S LEISURE LIMITED

Balance sheet
As at 31st March 2010

Notes 2010
£
2009
£
Fixed assets
Intangible assets: 4 7,000 8,000
Tangible assets: 5 5,132 7,475
Total fixed assets: 12,132 15,475
Current assets
Stocks: 3,000 96,635
Debtors: 6 2,453 2,631
Cash at bank and in hand: 21,546 4
Total current assets: 26,999 99,270
Creditors
Creditors: amounts falling due within one year 7 43,156 87,888
Net current assets (liabilities): ( 16,157 ) 11,382
Total assets less current liabilities: ( 4,025 ) 26,857
Total net assets (liabilities): ( 4,025 ) 26,857

The notes form part of these financial statements

P S LEISURE LIMITED

Balance sheet
As at 31st March 2010
continued

Notes 2010
£
2009
£
Capital and reserves
Called up share capital: 8 20 20
Profit and Loss account: ( 4,045 ) 26,837
Total shareholders funds: ( 4,025 ) 26,857

For the year ending 31 March 2010 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the Board of Directors on 15 November 2010

SIGNED ON BEHALF OF THE BOARD BY:

Name: Mr. peter Bird
Status: Director

The notes form part of these financial statements

P S LEISURE LIMITED

Notes to the Financial Statements
for the Period Ended
31st March 2010

  • 1. Accounting policies

    Basis of measurement and preparation of accounts

    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 policy

    The turnover shown in the Profit and Loss account represents amounts invoiced during the year. Exclusive of Value Added Tax.

    Tangible fixed assets depreciation policy

    Depreciation is provided, after taking account of any grants receivable, at the following annual rates in order to write off each asset over its estimated useful life: Plant and machinery 25% Reducing Balance Fixtures and fittings 20% Reducing Balance Motor vehicles 20% Reducing Balance No depreciation is provided on freehold land

    Intangible fixed assets amortisation policy

    Intangible fixed assets (including purchased goodwill and patents) are amortised at rates calculated to write off the assets on a straight basis over their estimated useful economic lives. Impairment of intangible assets is only reviewed where circumstances indicate that the carrying value of an asset may not be fully recoverable.

    Valuation information and policy

    Stocks and work-in-progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items. Cost includes all direct expenditure and an appropriate proportion of fixed and variable overheads.

    Other accounting policies

    Assets obtained under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to profit and loss account over the period of a lease at a constant proportion of the outstanding balance of capital repayments.

  • 2 . Directors' remuneration

    2010 2009
    £ £
    Directors' remuneration: 5,715 5,435
    TOTAL: 5,715 5,435
  • 3. Dividends

    2010 2009
    £ £
    Dividends paid on ordinary shares: 0 0

  • 4. Intangible assets

    Goodwill Other Total
    Cost £ £ £
    At 01st April 2009: 8,000 - 8,000
    At 31st March 2010: 8,000 - 8,000
    Amortisation £ £ £
    At 01st April 2009: 0 - 0
    Provided during the period: 1,000 - 1,000
    At 31st March 2010: 1,000 - 1,000
    Net book value £ £ £
    At 31st March 2010: 7,000 - 7,000
    At 31st March 2009: 8,000 - 8,000

  • 5. Tangible assets

    Land and buildings Plant Machinery Fixtures and fittings Office Equipment Motor vehicles Total
    Cost £ £ £ £ £ £
    At 01st April 2009: - 11,431 - - - 11,431
    Additions: - 686 - - - 686
    At 31st March 2010: - 12,117 - - - 12,117
    Depreciation
    At 01st April 2009: - 3,956 - - - 3,956
    Charge for year: - 3,029 - - - 3,029
    At 31st March 2010: - 6,985 - - - 6,985
    Net book value
    At 31st March 2010: - 5,132 - - - 5,132
    At 31st March 2009: - 7,475 - - - 7,475

  • 6. Debtors

    2010 2009
    £ £
    Trade debtors: 2,453 2,631
    Total: 2,453 2,631

  • 7. Creditors: amounts falling due within one year

    2010 2009
    £ £
    Bank loans and overdrafts: 0 22,373
    Amounts due under finance leases and hire purchase contracts: - 525
    Trade creditors: 42,850 36,023
    Taxation and social security: 306 5,953
    Other creditors: - 23,014
    Total: 43,156 87,888

  • 8. Called up share capital

    Allotted, called up and paid

    Previous period 2009
    Class Number of shares Nominal value per share Total
    Ordinary shares: 20 1 20
    Total share capital: 20
    Current period 2010
    Class Number of shares Nominal value per share Total
    Ordinary shares: 20 1 20
    Total share capital: 20