Canpro Sports Supplies Limited - Limited company - abbreviated - 11.9

REGISTERED NUMBER: 02666451 (England and Wales)

Abbreviated Unaudited Accounts for the Year Ended 30 June 2015

for

Canpro Sports Supplies Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

Chartered Accountants' Report

6

DIRECTOR:

W A Roche

SECRETARY:

C J Roche

REGISTERED OFFICE:

Cirencester Jean Co

36 Market Place

Cirencester

Gloucestershire

GL7 2NW

REGISTERED NUMBER:

02666451 (England and Wales)

ACCOUNTANTS:

PPS Chartered Accountants

29 Devizes Road

Swindon

Wiltshire

SN1 4BG

FIXED ASSETS

Intangible assets

2

6,488

-

Tangible assets

3

184,998

195,459

191,486

195,459

CURRENT ASSETS

Stocks

37,350

35,250

Debtors

10,267

17,808

Cash at bank

30

243

47,647

53,301

CREDITORS

Amounts falling due within one year

142,660

147,331

NET CURRENT LIABILITIES

(95,013

)

(94,030

)

TOTAL ASSETS LESS CURRENT LIABILITIES

96,473

101,429

CREDITORS

Amounts falling due after more than one year

4

(47,470

)

(57,329

)

PROVISIONS FOR LIABILITIES

(606

)

(1,577

)

NET ASSETS

48,397

42,523

CAPITAL AND RESERVES

Called up share capital

5

2

2

Profit and loss account

48,395

42,521

SHAREHOLDERS' FUNDS

48,397

42,523

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2015.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2015 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director on 30 March 2016 and were signed by:

W A Roche - 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.

Land and buildings

-

2% on cost

Plant and machinery etc

-

25% 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 provided in full on timing differences which result in an obligation at the balance sheet date to

pay more tax, or a right to pay less tax, at a future date, at rates expected to apply when they crystallise, based on

current tax rates and law. Timing differences arise from the inclusion of items of income and expenditure in

taxation computations in periods different from those in which they are included in the financial statements.

Deferred tax assets are recognised to the extent that it is regarded as more likely than not that they will be

recovered. Deferred tax assets and liabilities are not discounted.

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.

2.	INTANGIBLE FIXED ASSETS

Total

£

COST

Additions

8,110

At 30 June 2015

8,110

AMORTISATION

Amortisation for year

1,622

At 30 June 2015

1,622

NET BOOK VALUE

At 30 June 2015

6,488

3.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 July 2014

335,822

Additions

999

At 30 June 2015

336,821

DEPRECIATION

At 1 July 2014

140,363

Charge for year

11,460

At 30 June 2015

151,823

NET BOOK VALUE

At 30 June 2015

184,998

At 30 June 2014

195,459

4.

CREDITORS

Creditors include the following debts falling due in more than five years:

30.6.15

30.6.14

£

£

Repayable by instalments

5,219

16,217

5.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30.6.15

30.6.14

value:

£

£

2

Ordinary

£1

2

2

6.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is W A Roche.

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

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

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 Canpro Sports Supplies Limited for the year ended 30 June 2015 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 Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at icaew.com/membershandbook.

This report is made solely to the director of Canpro Sports Supplies Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Canpro Sports Supplies Limited and state those matters that we have agreed to state to the director of Canpro Sports Supplies Limited in this report in accordance with AAF 2/10 as detailed at icaew.com/compilation. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its director for our work or for this report.

It is your duty to ensure that Canpro Sports Supplies 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 profit of Canpro Sports Supplies Limited. You consider that Canpro Sports Supplies Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Canpro Sports Supplies

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.

PPS Chartered Accountants

29 Devizes Road

Swindon

Wiltshire

SN1 4BG

30 March 2016