Abbreviated Company Accounts - BUSINESSPORT LIMITED

BUSINESSPORT LIMITED - Company Information

Registered Number SC159924

BUSINESSPORT LIMITED

Abbreviated Accounts

31 August 2015

BUSINESSPORT LIMITED Registered Number SC159924

Abbreviated Balance Sheet as at 31 August 2015

	Notes	2015	2014
		£	£
Fixed assets
Tangible assets	2	31,650	57,318
		31,650	57,318
Current assets
Stocks		103,000	103,000
Debtors		268,098	519,338
Cash at bank and in hand		50,987	508
		422,085	622,846
Creditors: amounts falling due within one year		(326,658)	(295,909)
Net current assets (liabilities)		95,427	326,937
Total assets less current liabilities		127,077	384,255
Creditors: amounts falling due after more than one year		(300,000)	(300,000)
Total net assets (liabilities)		(172,923)	84,255
Capital and reserves
Called up share capital		210	210
Profit and loss account		(173,133)	84,045
Shareholders' funds		(172,923)	84,255

For the year ending 31 August 2015 the company was entitled to exemption 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.

Approved by the Board on 18 May 2016

And signed on their behalf by:
Peter Shields, Director

BUSINESSPORT LIMITED Registered Number SC159924

Notes to the Abbreviated Accounts for the period ended 31 August 2015

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities effective April 2008.
The company meets its day to day working capital requirements through facilities provided by its bankers which are repayable on demand. The nature of the company's business is such that there can be unpredictable variations in the timing of cash flows. The directors have prepared projected cash flow information for the period ending 6 months from the date of these financial statements and on the basis of this information the directors consider that the company will continue to operate within the facilities currently agreed which are secured by means of a fixed and floating charge over the company's assets. On this basis the directors consider it appropriate to prepare the financial statements on the going concern basis. The financial statements do not include any adjustments that would result from a withdrawal of the facilities by the company's bankers.

Turnover policy
Turnover represents amounts receivable for goods and services net of VAT and trade discounts

Tangible assets depreciation policy
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life as follows :-
Plant, Equipment and Motor Vehicles 25% on cost

2Tangible fixed assets

	£
Cost
At 1 September 2014	161,701
Additions	2,538
Disposals	-
Revaluations	-
Transfers	-
At 31 August 2015	164,239
Depreciation
At 1 September 2014	104,383
Charge for the year	28,206
On disposals	-
At 31 August 2015	132,589
Net book values
At 31 August 2015	31,650
At 31 August 2014	57,318