CHRIS_HOLDER_UK_LIMITED - Accounts
CHRIS_HOLDER_UK_LIMITED - Accounts
Company Registration No. 08188624 (England and Wales)
UNAUDITED ABBREVIATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2015
Company Registration No. 08188624 (England and Wales)
ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 MARCH 2015
CONTENTS
Page
Abbreviated balance sheet
1
Notes to the abbreviated accounts
2 - 3
ABBREVIATED BALANCE SHEET
AS AT
31 MARCH 2015
- 1 -
2015
2014
Notes
£
£
£
£
Fixed assets
Tangible assets
2
Current assets
Debtors
Cash at bank and in hand
Creditors: amounts falling due within one year
(189,238 )
(168,400 )
Net current liabilities
(63,689 )
(26,297 )
Total assets less current liabilities
(11,618 )
(9,560 )
Capital and reserves
Called up share capital
3
Profit and loss account
(11,619 )
(9,561 )
Shareholders' funds
(11,618 )
(9,560 )
Directors' responsibilities:
-
-
Approved by the Board for issue on 28 December 2015
Director
Company Registration No. 08188624
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 MARCH 2015
- 2 -
1
Accounting policies
1.1
Accounting convention
1.2
Compliance with accounting standards
The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).
1.3
Turnover
1.4
Tangible fixed assets and depreciation
Plant and machinery
Computer equipment
Motor vehicles
1.5
Deferred taxation
Deferred taxation is recognised in respect of all timing differences which have originated but not reversed at the balance sheet date. Timing differences are differences between taxable profits and the results as stated in the financial statements which arise from the inclusion of gains and losses in tax assessments in periods different from those in which they are recognised for tax purposes.
A net deferred tax asset is regarded as recoverable and therefore recognised only when it can be regarded as more likely than not that there will be suitable taxable profits from which the future reversal of underlying timing differences can be deducted.
Deferred tax is not recognised when fixed assets are revalued unless by the balance sheet date there is a binding agreement to sell the revalued asset and the resulting gain or loss has been recognised in the financial statements. Neither is deferred tax recognised when fixed assets are sold and it is more likely than not that the taxable gain will be rolled over, being charged to tax only if and when the replacement assets are sold.
Deferred tax is measured at the average tax rates which are expected to apply in the periods in which the timing differences are expected to reverse, based on tax rates and laws which have been enacted or substantively enacted by the balance sheet date. Deferred tax is measured on a non-discounted basis.
NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2015
- 3 -
2
Fixed assets
Tangible assets
£
Cost
At 1 April 2014
22,314
Additions
42,153
At 31 March 2015
64,467
Depreciation
At 1 April 2014
5,577
Charge for the year
6,819
At 31 March 2015
12,396
Net book value
At 31 March 2015
52,071
At 31 March 2014
16,737
3
Share capital
2015
2014
£
£
Allotted, called up and fully paid
4
Related party relationships and transactions
During the year the company recharged expenses of £95,422 (2014: £121,428) to Intereuropean Sports Ltd, a company registered in Poland. At the balance sheet date amount due to Intereuropean Sports Ltd was £17,520 (2014: £nil). Intereuropean Sports Ltd is a company under common control.
During the year the company continued to traded with Onegear Limited, At the balance sheet date amount due from Onegear Limited was £13,965 (2014: £3,000). Onegear Limited is also a company under common control.