SportsFrame Limited - Limited company - abbreviated - 11.9

SportsFrame Limited - Limited company - abbreviated - 11.9

SPORTSFRAME LIMITED - Company Information

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REGISTERED NUMBER: 04698738 (England and Wales)




















Abbreviated Unaudited Accounts

for the Year Ended 31 March 2015

for

SportsFrame Limited

SportsFrame Limited (Registered number: 04698738)






Contents of the Abbreviated Accounts
for the Year Ended 31 March 2015




Page

Company Information 1

Abbreviated Balance Sheet 2

Notes to the Abbreviated Accounts 4

SportsFrame Limited

Company Information
for the Year Ended 31 March 2015







DIRECTORS: A Gascoigne
L Gascoigne





REGISTERED OFFICE: 10 Cheyne Walk
Northampton
NN1 5PT





REGISTERED NUMBER: 04698738 (England and Wales)





ACCOUNTANTS: Blue Cube Business Ltd
10 Cheyne Walk
Northampton
Northamptonshire
NN1 5PT
Page 1
SportsFrame Limited (Registered number: 04698738)

Abbreviated Balance Sheet
31 March 2015

2015 2014
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 2 5,800 6,525
Tangible assets 3 13,582 18,060
19,382 24,585

CURRENT ASSETS
Stocks 17,134 17,737
Debtors 70,606 65,833
Cash at bank and in hand 336 30,938
88,076 114,508
CREDITORS
Amounts falling due within one year 71,371 72,460
NET CURRENT ASSETS 16,705 42,048
TOTAL ASSETS LESS CURRENT
LIABILITIES
36,087
66,633

CREDITORS
Amounts falling due after more than
one year
(29,415		 )
(54,505		 )

PROVISIONS FOR LIABILITIES (1,225 ) (1,793 )
NET ASSETS 5,447 10,335

The notes form part of these abbreviated accounts

Page 2 continued...
SportsFrame Limited (Registered number: 04698738)

Abbreviated Balance Sheet - continued
31 March 2015

2015 2014
Notes £    £    £    £   
CAPITAL AND RESERVES
Called up share capital 4 5,060 5,060
Profit and loss account 387 5,275
SHAREHOLDERS' FUNDS 5,447 10,335

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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 22 December 2015 and were signed
on its behalf by:





A Gascoigne - Director


The notes form part of these abbreviated accounts

Page 3
SportsFrame Limited (Registered number: 04698738)

Notes to the Abbreviated Accounts
for the Year Ended 31 March 2015

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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2003, is being amortised evenly over its estimated useful life of twenty years.

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 - 20% on cost and 15% 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.

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

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to the profit and loss account on a straight line basis
over the period of the lease.

Page 4 continued...
SportsFrame Limited (Registered number: 04698738)

Notes to the Abbreviated Accounts - continued
for the Year Ended 31 March 2015

2. INTANGIBLE FIXED ASSETS
Total
£   
COST
At 1 April 2014
and 31 March 2015 14,500
AMORTISATION
At 1 April 2014 7,975
Amortisation for year 725
At 31 March 2015 8,700
NET BOOK VALUE

At 31 March 2015 5,800
At 31 March 2014 6,525

3. TANGIBLE FIXED ASSETS
Total
£   
COST
At 1 April 2014 85,368
Additions 1,535
At 31 March 2015 86,903
DEPRECIATION
At 1 April 2014 67,308
Charge for year 6,013
At 31 March 2015 73,321
NET BOOK VALUE
At 31 March 2015 13,582
At 31 March 2014 18,060

Page 5 continued...
SportsFrame Limited (Registered number: 04698738)

Notes to the Abbreviated Accounts - continued
for the Year Ended 31 March 2015

4. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2015 2014
value: £    £   
100 Ordinary £1 5,060 5,060

Page 6