Sportshall Markings Limited - Limited company - abbreviated - 11.6

REGISTERED NUMBER: 01477529 (England and Wales)

Abbreviated Unaudited Accounts for the Year Ended 31 July 2014

for

Sportshall Markings Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTORS:

D V Johnston

I J Johnston

REGISTERED OFFICE:

21 Church Road

Parkstone

Poole

Dorset

BH14 8UF

REGISTERED NUMBER:

01477529 (England and Wales)

ACCOUNTANTS:

Richard Allen & Associates

21 Church Road

Parkstone

Poole

Dorset

BH14 8UF

FIXED ASSETS

Tangible assets

2

13,970

17,951

CURRENT ASSETS

Stocks

12,500

6,500

Debtors

36,330

30,324

Cash at bank

5,264

14,453

54,094

51,277

CREDITORS

Amounts falling due within one year

33,178

33,385

NET CURRENT ASSETS

20,916

17,892

TOTAL ASSETS LESS CURRENT LIABILITIES

34,886

35,843

CAPITAL AND RESERVES

Called up share capital

3

110

110

Profit and loss account

34,776

35,733

SHAREHOLDERS' FUNDS

34,886

35,843

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2014.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2014 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 26 February 2015 and were signed on its behalf by:

D V Johnston - 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.

Garage

-

10% on cost

Office

-

15% on reducing balance

Equipment

-

20% on reducing balance

Office equipment

-

20% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

33% on cost

Stocks

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.

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 August 2013

119,021

Additions

391

At 31 July 2014

119,412

DEPRECIATION

At 1 August 2013

101,070

Charge for year

4,372

At 31 July 2014

105,442

NET BOOK VALUE

At 31 July 2014

13,970

At 31 July 2013

17,951

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2014

2013

value:

£

£

100

Ordinary 'A'

£1.00

100

100

10

Ordinary 'B'

£1.00

10

10

110

110