Abbreviated Company Accounts - THOROGOOD SPORTS LTD

THOROGOOD SPORTS LTD - Company Information

08050397 THOROGOOD SPORTS LTD 2015-04-30 false 2014-05-01 2015-04-30 true 08050397 2014-05-01 2015-04-30 08050397 2015-04-30 08050397 2014-04-30 08050397 uk-gaap-cd-bus:Director1 2014-05-01 2015-04-30 08050397 uk-gaap-cd-bus:Director2 2014-05-01 2015-04-30 uk-gaap-cd-bus:OrdinaryShareClass1 2014-05-01 2015-04-30 uk-gaap-cd-bus:OrdinaryShareClass1 2015-04-30 uk-gaap-cd-bus:OrdinaryShareClass1 2014-04-30 iso4217:GBP shares

Registered Number 08050397

THOROGOOD SPORTS LTD

Abbreviated Accounts

30 April 2015

THOROGOOD SPORTS LTD Registered Number 08050397

Abbreviated Balance Sheet as at 30 April 2015

	Notes	2015	2014
		£	£
Fixed assets
Tangible assets	2	3,483	1,172
		3,483	1,172
Current assets
Stocks		106,040	99,811
Debtors		4,881	37
Cash at bank and in hand		620,607	291,343
		731,528	391,191
Creditors: amounts falling due within one year		(184,648)	(105,372)
Net current assets (liabilities)		546,880	285,819
Total assets less current liabilities		550,363	286,991
Total net assets (liabilities)		550,363	286,991
Capital and reserves
Called up share capital	3	1	1
Profit and loss account		550,362	286,990
Shareholders' funds		550,363	286,991

For the year ending 30 April 2015 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 13 November 2015

And signed on their behalf by:
Frankie Thorogood, Director

THOROGOOD SPORTS LTD Registered Number 08050397

Notes to the Abbreviated Accounts for the period ended 30 April 2015

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 amounts receivable for goods and services net of VAT and trade discounts.

Tangible assets depreciation policy
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to
write off the cost less estimated residual value of each asset over its expected useful life, as follows:
Computer equipment 25% Reducing Balance
Fixtures, fittings & equipment 25% Reducing Balance

2Tangible fixed assets

	£
Cost
At 1 May 2014	1,682
Additions	3,471
Disposals	-
Revaluations	-
Transfers	-
At 30 April 2015	5,153
Depreciation
At 1 May 2014	510
Charge for the year	1,160
On disposals	-
At 30 April 2015	1,670
Net book values
At 30 April 2015	3,483
At 30 April 2014	1,172

3Called Up Share Capital
Allotted, called up and fully paid:

	2015 £	2014 £
1 Ordinary shares of £1 each	1	1