JAC Sport Limited - Limited company - abbreviated - 11.6

REGISTERED NUMBER: 07783800 (England and Wales)

Abbreviated Unaudited Accounts for the Year Ended 30 September 2014

for

JAC Sport Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTORS:

Mr J Cundy

Miss C P Kelkel

REGISTERED OFFICE:

Unit 1 Ashton Farm

4 High Street

Braithwell

Rotherham

South Yorkshire

S66 7AL

REGISTERED NUMBER:

07783800 (England and Wales)

FIXED ASSETS

Tangible assets

2

3,020

4,649

CURRENT ASSETS

Debtors

1,403

123

Cash at bank

2,964

13,504

4,367

13,627

CREDITORS

Amounts falling due within one year

7,771

9,866

NET CURRENT (LIABILITIES)/ASSETS

(3,404

)

3,761

TOTAL ASSETS LESS CURRENT LIABILITIES

(384

)

8,410

PROVISIONS FOR LIABILITIES

604

926

NET (LIABILITIES)/ASSETS

(988

)

7,484

CAPITAL AND RESERVES

Called up share capital

3

2

2

Profit and loss account

(990

)

7,482

SHAREHOLDERS' FUNDS

(988

)

7,484

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

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

Mr J Cundy - 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 invoices sales of goods and services, 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.

Plant and machinery etc

-

25% on cost and 20% on cost

Deferred tax

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

sheet date.

Going concern

At the year end the company had net liabilities of £988. However, the directors confirmed that it remains

appropriate to prepare the accounts on a going concern basis due to the continued financial support from the

company's creditors.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 October 2013

and 30 September 2014

7,332

DEPRECIATION

At 1 October 2013

2,683

Charge for year

1,629

At 30 September 2014

4,312

NET BOOK VALUE

At 30 September 2014

3,020

At 30 September 2013

4,649

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30.9.14

30.9.13

value:

£

£

2

Ordinary

£1

2

2

4.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

During the year the company paid dividends to the director; Mr J Cundy totalling £7,000 (2013: £17,600).