Premier Sports Solutions Limited - Limited company - abbreviated

REGISTERED NUMBER: 05504926 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS FOR THE YEAR ENDED 31 JULY 2015

FOR

PREMIER SPORTS SOLUTIONS LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

R G Boreham

R J Clark

SECRETARY:

R J Clark

REGISTERED OFFICE:

Suite 2

Fountain House

1a Elm Park

Stanmore

Middlesex

HA7 4AU

REGISTERED NUMBER:

05504926 (England and Wales)

ACCOUNTANTS:

Donald Jacobs & Partners

CHARTERED ACCOUNTANTS

Suite 2, Fountain House

1a Elm Park

Stanmore

Middlesex

HA7 4AU

FIXED ASSETS

Tangible assets

2

227,173

229,097

CURRENT ASSETS

Stocks

141,250

72,500

Debtors

292,654

74,432

Investments

12,500

Cash at bank

301

2,488

446,705

161,920

CREDITORS

Amounts falling due within one year

327,783

158,770

NET CURRENT ASSETS

118,922

3,150

TOTAL ASSETS LESS CURRENT
LIABILITIES

346,095

232,247

CREDITORS

Amounts falling due after more than one
year

3

147,192

115,486

NET ASSETS

198,903

116,761

CAPITAL AND RESERVES

Called up share capital

4

100

Profit and loss account

198,803

116,661

SHAREHOLDERS' FUNDS

198,903

116,761

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 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 24 September 2015 and were signed on its behalf
by:

R J Clark - 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.

Freehold property

-

not provided, see note below

Office furniture & equipments

-

25% on reducing balance

Computer equipment

-

33% on reducing balance

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.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension

scheme are charged to the profit and loss account in the period to which they relate.

Freehold property

No depreciation has been provided on Freehold Property since it is an investment property and under the

provisions of statement of Standard Accounting Practice 19 " Accounting for Investment Properties", the

directors have valued the property at 31 July 2015 as £221,606

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 August 2014

and 31 July 2015

248,406

DEPRECIATION

At 1 August 2014

19,309

Charge for year

1,924

At 31 July 2015

21,233

NET BOOK VALUE

At 31 July 2015

227,173

At 31 July 2014

229,097

3.

CREDITORS

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

31.7.15

31.7.14

£

Repayable by instalments

36,971

37,811

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.7.15

31.7.14

value:

£

100

Ordinary

£1

100

Premier Sports Solutions Limited - Limited company - abbreviated - 11.6

Premier Sports Solutions Limited - Limited company - abbreviated - 11.6