P E Sport Solutions Ltd - Limited company - abbreviated - 11.9

REGISTERED NUMBER: 07672903 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 31ST AUGUST 2015

FOR

P E SPORT SOLUTIONS LTD

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTOR:

J G Mandry

REGISTERED OFFICE:

76 Aldwick Road

Bognor Regis

West Sussex

PO21 2PE

REGISTERED NUMBER:

07672903 (England and Wales)

ACCOUNTANTS:

Bromley Clackett Limited

76 Aldwick Road

Bognor Regis

West Sussex

PO21 2PE

FIXED ASSETS

Tangible assets

2

789

928

CURRENT ASSETS

Stocks

650

1,350

Debtors

5,164

3,126

Cash at bank

3,963

3,932

9,777

8,408

CREDITORS

Amounts falling due within one year

9,144

9,219

NET CURRENT ASSETS/(LIABILITIES)

633

(811

)

TOTAL ASSETS LESS CURRENT LIABILITIES

1,422

117

CAPITAL AND RESERVES

Called up share capital

3

100

100

Profit and loss account

1,322

17

SHAREHOLDERS' FUNDS

1,422

117

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31st August 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 4th April 2016 and were signed by:

J G Mandry - 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 for services, excluding value added tax.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.

Plant and machinery etc

-

15% on reducing balance

Stocks

Work in progress is valued at the lower of cost and net realisable value.

Cost includes all direct expenditure and an appropriate proportion of fixed and variable overheads.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1st September 2014

and 31st August 2015

1,328

DEPRECIATION

At 1st September 2014

400

Charge for year

139

At 31st August 2015

539

NET BOOK VALUE

At 31st August 2015

789

At 31st August 2014

928

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.8.15

31.8.14

value:

£

£

100

Ordinary

1.00

100

100

4.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31st August 2015 and

31st August 2014:

31.8.15

31.8.14

£

£

J G Mandry

Balance outstanding at start of year

(87

)

(332

)

Amounts advanced

2,480

245

Amounts repaid

-

-

Balance outstanding at end of year

2,393

(87

)