Canpro Sports Supplies Limited - Limited company - abbreviated - 11.6

REGISTERED NUMBER: 02666451 (England and Wales)

Abbreviated Unaudited Accounts for the Year Ended 30 June 2014

for

Canpro Sports Supplies Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

Chartered Accountants' Report

6

DIRECTOR:

W A Roche

SECRETARY:

C J Roche

REGISTERED OFFICE:

Cirencester Jean Co

36 Market Place

Cirencester

Gloucestershire

GL7 2NW

REGISTERED NUMBER:

02666451 (England and Wales)

ACCOUNTANTS:

PPS Chartered Accountants

29 Devizes Road

Swindon

Wiltshire

SN1 4BG

FIXED ASSETS

Tangible assets

2

195,459

207,133

CURRENT ASSETS

Stocks

35,250

35,320

Debtors

17,808

15,698

Cash at bank

243

30

53,301

51,048

CREDITORS

Amounts falling due within one year

147,331

154,774

NET CURRENT LIABILITIES

(94,030

)

(103,726

)

TOTAL ASSETS LESS CURRENT LIABILITIES

101,429

103,407

CREDITORS

Amounts falling due after more than one year

3

(57,329

)

(66,901

)

PROVISIONS FOR LIABILITIES

(1,577

)

(2,787

)

NET ASSETS

42,523

33,719

CAPITAL AND RESERVES

Called up share capital

4

2

2

Profit and loss account

42,521

33,717

SHAREHOLDERS' FUNDS

42,523

33,719

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2014.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2014 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 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 director on 31 March 2015 and were signed by:

W A Roche - 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.

Land and buildings

-

2% on cost

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.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance

sheet date.

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 July 2013

and 30 June 2014

335,822

DEPRECIATION

At 1 July 2013

128,689

Charge for year

11,674

At 30 June 2014

140,363

NET BOOK VALUE

At 30 June 2014

195,459

At 30 June 2013

207,133

3.

CREDITORS

Creditors include the following debts falling due in more than five years:

30.6.14

30.6.13

£

£

Repayable by instalments

16,217

26,895

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30.6.14

30.6.13

value:

£

£

2

Ordinary

£1

2

2

5.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is W A Roche.

The following reproduces the text of the report prepared for the director in respect of the company's annual

unaudited financial statements, from which the unaudited abbreviated accounts (set out on pages two to five)

have been prepared.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the

financial statements of Canpro Sports Supplies Limited for the year ended 30 June 2014 which comprise the Profit and

Loss Account, the Balance Sheet and the related notes from the company's accounting records and from information and

explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject

to its ethical and other professional requirements which are detailed at icaew.com/membershandbook.

This report is made solely to the director of Canpro Sports Supplies Limited in accordance with our terms of

engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Canpro

Sports Supplies Limited and state those matters that we have agreed to state to the director of Canpro Sports Supplies

Limited in this report in accordance with AAF 2/10 as detailed at icaew.com/compilation. To the fullest extent permitted

by law, we do not accept or assume responsibility to anyone other than the company and its director for our work or for

this report.

It is your duty to ensure that Canpro Sports Supplies Limited has kept adequate accounting records and to prepare

statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of

Canpro Sports Supplies Limited. You consider that Canpro Sports Supplies Limited is exempt from the statutory audit

requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Canpro Sports Supplies

Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and

explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

PPS Chartered Accountants

29 Devizes Road

Swindon

Wiltshire

SN1 4BG

31 March 2015