Athlete Nutrition Limited - Limited company - abbreviated - 11.6

REGISTERED NUMBER: 08593665 (England and Wales)

Athlete Nutrition Limited

Abbreviated Unaudited Accounts

for the Period 2nd July 2013 to 31st July 2014

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

Chartered Certified Accountants' Report

5

DIRECTORS:

C F Newbould

S F Newbould

Mrs J Newbould

REGISTERED OFFICE:

Cheldon Barton

Cheldon

Chumleigh

Devon

EX18 7JB

REGISTERED NUMBER:

08593665 (England and Wales)

ACCOUNTANTS:

Dyke Ruscoe & Hayes Ltd

Chartered Certified Accountants

110 Corve Street

Ludlow

Shropshire

SY8 1DJ

FIXED ASSETS

Tangible assets

2

5,057

CURRENT ASSETS

Stocks

6,967

Debtors

12,395

Cash at bank

1,038

20,400

CREDITORS

Amounts falling due within one year

78,259

NET CURRENT LIABILITIES

(57,859

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(52,802

)

PROVISIONS FOR LIABILITIES

1,011

NET LIABILITIES

(53,813

)

CAPITAL AND RESERVES

Called up share capital

3

100

Profit and loss account

(53,913

)

SHAREHOLDERS' FUNDS

(53,813

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31st July 2014.

The members have not required the company to obtain an audit of its financial statements for the period ended 31st July 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 28th August 2015 and were signed on its behalf by:

S F Newbould - 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.

Plant and machinery

-

Straight line over 3 years

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.

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the

balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at

the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension

scheme are charged to the profit and loss account in the period to which they relate.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

Additions

7,910

At 31st July 2014

7,910

DEPRECIATION

Charge for period

2,853

At 31st July 2014

2,853

NET BOOK VALUE

At 31st July 2014

5,057

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

value:

£

100

Ordinary

£1

100

4.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the period ended 31st July 2014:

£

C F Newbould

Balance outstanding at start of period

-

Amounts repaid

(2,065

)

Balance outstanding at end of period

(2,065

)

S F Newbould

Balance outstanding at start of period

-

Amounts repaid

(9,329

)

Balance outstanding at end of period

(9,329

)

Mrs J Newbould

Balance outstanding at start of period

-

Amounts repaid

(9,329

)

Balance outstanding at end of period

(9,329

)

Loans to and from directors are repayable on demand and no interest has been charged on these loans.

5.	GOING CONCERN

The directors are committed to provide financial support to the company for at least the next 12 months on the

basis that they believe it may yet be in a position to realise profits sufficient to enable it to trade out of its

insolvent position and, as a result, the going concern basis of accounting has been adopted.

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

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

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 Athlete Nutrition Limited for the period ended 31st July 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 Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://rulebook.accaglobal.com.

This report is made solely to the Board of Directors of Athlete Nutrition Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Athlete Nutrition Limited and state those matters that we have agreed to state to the Board of Directors of Athlete Nutrition Limited, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/factsheet163. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Athlete Nutrition 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 loss of Athlete Nutrition Limited. You consider that Athlete Nutrition Limited is exempt from the statutory audit requirement for the period.

We have not been instructed to carry out an audit or a review of the financial statements of Athlete Nutrition 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.

Dyke Ruscoe & Hayes Ltd

Chartered Certified Accountants

110 Corve Street

Ludlow

Shropshire

SY8 1DJ

28th August 2015