Abbreviated Company Accounts - SG SPORTS MANAGEMENT LIMITED

SG SPORTS MANAGEMENT LIMITED - Company Information

08541640 SG SPORTS MANAGEMENT LIMITED 2014-05-31 false 2013-05-23 2014-05-31 true 08541640 2013-05-23 2014-05-31 08541640 2014-05-31 08541640 uk-gaap-cd-bus:Director1 2013-05-23 2014-05-31 08541640 uk-gaap-cd-bus:Director2 2013-05-23 2014-05-31 uk-gaap-cd-bus:OrdinaryShareClass1 2013-05-23 2014-05-31 uk-gaap-cd-bus:OrdinaryShareClass1 2014-05-31 iso4217:GBP shares

Registered Number 08541640

SG SPORTS MANAGEMENT LIMITED

Abbreviated Accounts

31 May 2014

SG SPORTS MANAGEMENT LIMITED Registered Number 08541640

Abbreviated Balance Sheet as at 31 May 2014

	Notes	2014
		£
Fixed assets
Tangible assets	2	1,872
Investments	3	53,275
		55,147
Current assets
Debtors		1,896,731
Cash at bank and in hand		50
		1,896,781
Creditors: amounts falling due within one year	4	(1,951,522)
Net current assets (liabilities)		(54,741)
Total assets less current liabilities		406
Total net assets (liabilities)		406
Capital and reserves
Called up share capital	5	4
Profit and loss account		402
Shareholders' funds		406

For the year ending 31 May 2014 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

Approved by the Board on 26 June 2015

And signed on their behalf by:
S Day, Director

SG SPORTS MANAGEMENT LIMITED Registered Number 08541640

Notes to the Abbreviated Accounts for the period ended 31 May 2014

1Accounting Policies

Basis of measurement and preparation of accounts
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 policy
Turnover represents net invoiced sales of services, excluding value added tax.

Tangible assets depreciation policy
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery etc - 33% on cost

2Tangible fixed assets

	£
Cost
Additions	2,808
Disposals	-
Revaluations	-
Transfers	-
At 31 May 2014	2,808
Depreciation
Charge for the year	936
On disposals	-
At 31 May 2014	936
Net book values
At 31 May 2014	1,872

3Fixed assets Investments
Investments other than loans

COST
Additions 53,275
At 31 May 2014 53,275

NET BOOK VALUE
At 31 May 2014 53,275

4Creditors

	2014 £
Secured Debts	200,000

5Called Up Share Capital
Allotted, called up and fully paid:

	2014 £
4 Ordinary shares of £1 each	4

4 Ordinary shares of £1 each were allotted and fully paid for cash at par during the period.