Spinnaker Sports & Leisurewear Limited - Abbreviated accounts 16.1

REGISTERED NUMBER: 03101358 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 30TH SEPTEMBER 2015

FOR

SPINNAKER SPORTS & LEISUREWEAR LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTOR:

Mr G Reynolds

SECRETARY:

Mr J Jeffrey

REGISTERED OFFICE:

126 Acre Road

Kingston

Surrey

KT2 6EN

REGISTERED NUMBER:

03101358 (England and Wales)

ACCOUNTANTS:

Alex Johnson Limited

Chartered Certified Accountants

344 - 354 Grays Inn Road

London

WC1X 8BP

FIXED ASSETS

Tangible assets

2

6,643

7,406

CURRENT ASSETS

Stocks

11,470

11,164

Debtors

47,850

45,974

Cash at bank and in hand

5,260

5,318

64,580

62,456

CREDITORS

Amounts falling due within one year

49,828

53,505

NET CURRENT ASSETS

14,752

8,951

TOTAL ASSETS LESS CURRENT
LIABILITIES

21,395

16,357

CAPITAL AND RESERVES

Called up share capital

3

60,000

Profit and loss account

(38,605

)

(43,643

)

SHAREHOLDERS' FUNDS

21,395

16,357

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30th September 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 29th June 2016 and were signed by:

Mr G Reynolds - 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 January 2015).

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.

Plant and machinery etc

-

20% 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.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1st October 2014

127,320

Additions

896

At 30th September 2015

128,216

DEPRECIATION

At 1st October 2014

119,914

Charge for year

1,659

At 30th September 2015

121,573

NET BOOK VALUE

At 30th September 2015

6,643

At 30th September 2014

7,406

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2015

2014

value:

£

60,000

Ordinary

£1

60,000