John Henry Sports Limited - Limited company - abbreviated - 11.6

REGISTERED NUMBER: 04467747 (England and Wales)

Abbreviated Unaudited Accounts

For The Year Ended 31 January 2015

for

John Henry Sports Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

P G Milbank

K D Townsend

SECRETARY:

R J Kennedy

REGISTERED OFFICE:

207 Wellingborough Road

Northampton

Northants

NN1 4ED

REGISTERED NUMBER:

04467747 (England and Wales)

ACCOUNTANTS:

Cottons Accountants LLP

Regency House

3 Albion Place

Northampton

Northants

NN1 1UD

FIXED ASSETS

Tangible assets

2

26,063

8,989

CURRENT ASSETS

Stocks

164,129

122,557

Debtors

23,663

18,590

Cash at bank

130,085

101,683

317,877

242,830

CREDITORS

Amounts falling due within one year

135,686

105,773

NET CURRENT ASSETS

182,191

137,057

TOTAL ASSETS LESS CURRENT LIABILITIES

208,254

146,046

PROVISIONS FOR LIABILITIES

4,681

1,150

NET ASSETS

203,573

144,896

CAPITAL AND RESERVES

Called up share capital

3

200

200

Capital redemption reserve

100

100

Profit and loss account

203,273

144,596

SHAREHOLDERS' FUNDS

203,573

144,896

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2015.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2015 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 20 May 2015 and were signed on its behalf by:

P G Milbank - Director

K D Townsend - 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.

Website

-

33.3% on cost

Plant and machinery

-

20% on reducing balance

Fixtures and fittings

-

20% on reducing balance

Computer equipment

-

33.3% 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.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 February 2014

63,502

Additions

23,675

At 31 January 2015

87,177

DEPRECIATION

At 1 February 2014

54,513

Charge for year

6,601

At 31 January 2015

61,114

NET BOOK VALUE

At 31 January 2015

26,063

At 31 January 2014

8,989

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31/1/15

31/1/14

value:

£

£

200

Ordinary

£1

200

200