WE R SPORTS LTD Accounts filed on 31-03-2014
WE R SPORTS LTD Accounts filed on 31-03-2014
WE R SPORTS LTD
Company Registration Number:
08012218 (England and Wales)
Report of the Directors and Unaudited Financial Statements
Period of accounts
Start date: 01st April 2013
End date: 31st March 2014
SUBMITTED
WE R SPORTS LTD
Contents of the Financial Statements
for the Period Ended
31st March 2014
Company Information | |
Report of the Directors | |
Profit and Loss Account | |
Gains and Losses | |
Balance sheet | |
Notes to the Financial Statements |
WE R SPORTS LTD
Company Information
for the Period Ended
31st March 2014
Director: |
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Registered office: |
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Company Registration Number: |
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WE R SPORTS LTD
Directors' Report Period Ended 31st March 2014
The directors present their report with the financial statements of the company for the period ended 31st March 2014
Principal activities
The principal activity of the company in the period under review was:
Directors
The directors shown below have held office during the whole of the period from
01st April 2013 to 31st March 2014
Vatan Bakija
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
And Signed On Behalf Of The Board By:
Name: Vatan Bakija
Status: Director
WE R SPORTS LTD
Profit and Loss Account
for the Period Ended 31st March 2014
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2013 £ |
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Turnover: |
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Cost of sales: |
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Gross profit or (loss): |
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Administrative expenses: | , |
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Operating profit or (loss): |
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Profit or (loss) on ordinary activities before taxation: |
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Tax on profit or (loss) on ordinary activities: |
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Profit or (loss) for the financial year: |
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The notes form part of these financial statements
WE R SPORTS LTD
Statement of total recognised gains and losses
31st March 2014
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.The notes form part of these financial statements
WE R SPORTS LTD
Balance sheet
As at 31st March 2014
Notes | 2014 £ |
2013 £ |
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Fixed assets | |||
Tangible assets: | 2 |
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Total fixed assets: |
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Current assets | |||
Stocks: | 3 |
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Cash at bank and in hand: |
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Total current assets: |
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Creditors: amounts falling due within one year | 4 |
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Net current assets (liabilities): |
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Total assets less current liabilities: |
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Total net assets (liabilities): |
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The notes form part of these financial statements
WE R SPORTS LTD
Balance sheet
As at 31st March 2014
continued
Notes | 2014 £ |
2013 £ |
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Capital and reserves | |||
Called up share capital: | 5 |
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Profit and Loss account: | 6 |
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Total shareholders funds: |
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The financial statements were approved by the Board of Directors on
SIGNED ON BEHALF OF THE BOARD BY:
Name: Vatan Bakija
Status: Director
The notes form part of these financial statements
WE R SPORTS LTD
Notes to the Financial Statements
for the Period Ended
31st March 2014
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1. Accounting policies
Basis of measurement and preparation of accounts
Accounting policies The accounts are prepared under the historical cost convention, Tangible fixed assets depreciation policy
Depreciation is provided on all tangible assets, other than freehold land and building at a rate calculated to write off the cost of valuation, less estimated residual value, of each asset evenly over its expected useful life as follows: Furniture and Fittings - 20% pa on a straight-line basis Office Equipment - 20% pa on a straight-line basis
WE R SPORTS LTD
Notes to the Financial Statements
for the Period Ended
31st March 2014
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2. Tangible assets
Land and buildings Plant Machinery Fixtures and fittings Office Equipment Motor vehicles Total Cost £ £ £ £ £ £ At 01st April 2013: - - 1,655 627 - 2,282 At 31st March 2014: - - 1,655 627 - 2,282 Depreciation At 01st April 2013: - - 331 125 - 456 Charge for year: - - 331 125 - 456 At 31st March 2014: - - 662 250 - 912 Net book value At 31st March 2014: - - 993 377 - 1,370 At 31st March 2013: - - 1,324 502 - 1,826
WE R SPORTS LTD
Notes to the Financial Statements
for the Period Ended
31st March 2014
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3. Stocks
2014 2013 £ £ Finished goods and goods for resale: 554,195 196,702 Total: 554,195 196,702
WE R SPORTS LTD
Notes to the Financial Statements
for the Period Ended
31st March 2014
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4. Creditors: amounts falling due within one year
2014 2013 £ £ Trade creditors: 138,304 - Taxation and social security: 58,945 8,784 Accruals and deferred income: 15,312 3,178 Other creditors: 283,164 211,811 Total: 495,725 223,773
WE R SPORTS LTD
Notes to the Financial Statements
for the Period Ended
31st March 2014
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6. Profit and loss account
2014 2013 £ £ Opening balance: 35,089 0 Profit or (loss) for the period: 87,315 35,089 Equity dividends paid: 0 0 Retained profit: 122,404 35,089