Sporting Designs Limited - Abbreviated accounts

Registered number

05637546

Sporting Designs Limited

Abbreviated Accounts

31 December 2014

Sporting Designs Limited
Registered number:		05637546
Abbreviated Balance Sheet
as at 31 December 2014

Notes			2014			2013
£				£
Fixed assets
Tangible assets	2		7,424			3,519

Current assets
Stocks		400			400
Debtors		3,692			10,500
Cash at bank and in hand		17,036			12,136
		21,128			23,036

Creditors: amounts falling due within one year		(3,069)			(5,360)

Net current assets			18,059			17,676

Net assets			25,483			21,195

Capital and reserves
Called up share capital	3		1,000			1,000
Profit and loss account			24,483			20,195

Shareholder's funds			25,483			21,195

The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies subject to the small companies regime.



P M Girdham
Director
Approved by the board on 18 March 2015

Sporting Designs Limited
Notes to the Abbreviated Accounts
for the year ended 31 December 2014

1	Accounting policies

	Basis of preparation
	The accounts 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 the value, net of value added tax and discounts, of goods provided to customers and work carried out in respect of services provided to customers.

	Depreciation
	Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.

	Plant and machinery			20% reducing balance


	Stocks
	Stock is valued at the lower of cost and net realisable value.

	Foreign currencies
	Transactions in foreign currencies are recorded at the rate ruling at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are translated at the rate of exchange ruling at the balance sheet date. All differences are taken to the profit and loss account.


2	Tangible fixed assets					£

	Cost
	At 1 January 2014					10,823
	Additions					5,762
	At 31 December 2014					16,585

	Depreciation
	At 1 January 2014					7,304
	Charge for the year					1,857
	At 31 December 2014					9,161

	Net book value
	At 31 December 2014					7,424
	At 31 December 2013					3,519


3	Share capital	Nominal		2014		2014		2013
value			Number		£		£
	Allotted, called up and fully paid:
	Ordinary shares	£1 each		-		1,000		1,000