Sportech Motorsport Ltd

Sportech Motorsport Ltd

CTS BUS LIMITED - Company Information

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1 September 2014 true false 69826422014-08-31 69826422014-09-012015-08-31 69826422015-08-31 69826422014-08-31 6982642uk-bus:Director12014-09-012015-08-31 6982642uk-gaap:PlantMachinery2014-09-012015-08-31 6982642uk-gaap:MotorVehicles2014-09-012015-08-31 6982642uk-gaap:PlantMachinery2014-08-31 6982642uk-gaap:MotorVehicles2014-08-31 6982642uk-gaap:PlantMachinery2015-08-31 6982642uk-gaap:MotorVehicles2015-08-31 6982642uk-bus:OrdinaryShareClass12015-08-31 6982642uk-bus:OrdinaryShareClass12014-09-012015-08-31 6982642uk-bus:OrdinaryShareClass12014-08-31 iso4217:GBP xbrli:shares
Company Registration No. 6982642 (England and Wales)
Sportech Motorsport Ltd Abbreviated unaudited accounts for the year ended 31 August 2015
Sportech Motorsport Ltd Abbreviated Balance Sheet as at 31 August 2015
2015 
2014 
Notes
£ 
£ 
Fixed assets
Tangible assets
2
5,176 
1,410 
Current assets
Debtors
1,738 
- 
Cash at bank and in hand
2,957 
1,126 
4,695 
1,126 
Creditors: amounts falling due within one year
(4,984)
(1,418)
Net current liabilities
(289)
(292)
Net assets
4,887 
1,118 
Capital and reserves
Called up share capital
3
1,000 
1,000 
Profit and loss account
3,887 
118 
Total shareholders' funds
4,887 
1,118 
For the year ending 31 August 2015 the company was entitled to exemption from audit 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 and in accordance with the Financial Reporting Standard for Smaller Entities (effective 2008).
Approved by the board on 4 March 2016
Mr K J Musselwhite Director Company Registration No. 6982642
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Sportech Motorsport Ltd Notes to the Abbreviated Accounts for the year ended 31 August 2015
1
Accounting policies
Basis of preparation
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
Turnover represents the value, net of VAT and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
Tangible fixed assets policy
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
20
Motor vehicles
20
2
Tangible fixed assets
Plant & machinery 
Motor vehicles 
Total 
£ 
£ 
£ 
Cost
At 1 September 2014
- 
1,880 
1,880 
Additions
600 
4,000 
4,600 
At 31 August 2015
600 
5,880 
6,480 
Depreciation
At 1 September 2014
- 
470 
470 
Charge for the year
10 
824 
834 
At 31 August 2015
10 
1,294 
1,304 
Net book value
At 31 August 2015
590 
4,586 
5,176 
At 31 August 2014
- 
1,410 
1,410 
3
Share capital
2015 
2014 
£ 
£ 
Allotted, called up and fully paid:
1,000 Ordinary shares of £1 each
1,000 
1,000 
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