Birmingham Runner Sports Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 03148700 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31st March 2018

for

Birmingham Runner Sports Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

T Rogers

REGISTERED OFFICE:

4b One City Place

Queens Road

Chester

CH1 3BQ

REGISTERED NUMBER:

03148700 (England and Wales)

ACCOUNTANTS:

Spencer Hyde Limited

272 Regents Park Road

London

N3 3HN

FIXED ASSETS

Tangible assets

4

6,117

7,063

CURRENT ASSETS

Stocks

-

244,931

Debtors

5

12,307

39,533

Cash at bank and in hand

96

28,946

12,403

313,410

CREDITORS

Amounts falling due within one year

6

55,559

305,267

NET CURRENT (LIABILITIES)/ASSETS

(43,156

)

8,143

TOTAL ASSETS LESS CURRENT LIABILITIES

(37,039

)

15,206

CAPITAL AND RESERVES

Called up share capital

1

1

Retained earnings

(37,040

)

15,205

(37,039

)

15,206

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 2018 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 15th March 2019 and were signed by:

T Rogers - Director

1.	STATUTORY INFORMATION

Birmingham Runner Sports 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.

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 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.

Plant and machinery etc

-

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.

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.

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 3 (2017 - 9 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1st April 2017

7,947

Additions

1,351

At 31st March 2018

9,298

DEPRECIATION

At 1st April 2017

884

Charge for year

2,297

At 31st March 2018

3,181

NET BOOK VALUE

At 31st March 2018

6,117

At 31st March 2017

7,063

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2018

2017

£

£

Trade debtors

-

2,917

Amounts owed by associates

-

9,289

Other debtors

12,307

27,327

12,307

39,533

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2018

2017

£

£

Trade creditors

(1,231

)

115,476

Amounts owed to associates

18,322

177,165

Taxation and social security

34,911

1,836

Other creditors

3,557

10,790

55,559

305,267

7.	FINANCIAL COMMITMENTS, GUARANTEES AND CONTINGENT LIABILITIES

FINANCIAL COMMITMENTS

Total financial commitments which are not included in the balance sheet amount to £81,675(2017: £97,550). These

amounts consist of operating lease commitments payable over the next 5 (2017: 6) years.

8.	RELATED PARTY DISCLOSURES

At 31st March 2018 the company owed The Realbuzz Group Limited £18,322. The director Mr T Rogers is the

controlling party of the Realbuzz Group Limited.

9.	ULTIMATE CONTROLLING PARTY

The company is 100% owned by Global Retail Sports Limited, a company incorporated in England & Wales.