Abbreviated Company Accounts - ELITE SPORT PERFORMANCE TECHNOLOGIES LTD

ELITE SPORT PERFORMANCE TECHNOLOGIES LTD - Company Information

Registered Number 07467535

ELITE SPORT PERFORMANCE TECHNOLOGIES LTD

Abbreviated Accounts

30 September 2015

ELITE SPORT PERFORMANCE TECHNOLOGIES LTD Registered Number 07467535

Abbreviated Balance Sheet as at 30 September 2015

	Notes	2015	2014
		£	£
Fixed assets
Tangible assets	2	19,046	16,640
		19,046	16,640
Current assets
Stocks		163,240	25,384
Debtors		207,439	104,049
		370,679	129,433
Creditors: amounts falling due within one year		(186,947)	(124,038)
Net current assets (liabilities)		183,732	5,395
Total assets less current liabilities		202,778	22,035
Total net assets (liabilities)		202,778	22,035
Capital and reserves
Called up share capital		384	200
Share premium account		145,499	-
Profit and loss account		56,895	21,835
Shareholders' funds		202,778	22,035

For the year ending 30 September 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 14 June 2016

And signed on their behalf by:
V.J. Neville, Director

ELITE SPORT PERFORMANCE TECHNOLOGIES LTD Registered Number 07467535

Notes to the Abbreviated Accounts for the period ended 30 September 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.

Turnover policy
Turnover represents the total invoice value, excluding value added tax, of sales made during the year and derives from the provision of goods falling within the company's ordinary activities.

Tangible assets depreciation policy
Depreciation is provided at rates to write off the cost less residual value of each asset over its expected useful life, as follows:

Plant and machinery - 15% straight line
Fixtures, fittings and equipment - 25% straight line
Motor vehicles - 25% straight line

Other accounting policies
Stock and work in progress are valued at the lower of cost and net realisable value.

2Tangible fixed assets

	£
Cost
At 1 October 2014	23,951
Additions	10,075
Disposals	-
Revaluations	-
Transfers	-
At 30 September 2015	34,026
Depreciation
At 1 October 2014	7,311
Charge for the year	7,669
On disposals	-
At 30 September 2015	14,980
Net book values
At 30 September 2015	19,046
At 30 September 2014	16,640