Abbreviated Company Accounts - SPORTS AND SCHOOLWEAR SUPPLIERS LIMITED

SPORTS AND SCHOOLWEAR SUPPLIERS LIMITED - Company Information

07133621 SPORTS AND SCHOOLWEAR SUPPLIERS LIMITED 2016-03-31 false 2015-04-01 2016-03-31 true 07133621 2015-04-01 2016-03-31 07133621 2016-03-31 07133621 2015-03-31 07133621 uk-gaap-cd-bus:Director1 2015-04-01 2016-03-31 07133621 uk-gaap-cd-bus:Director2 2015-04-01 2016-03-31 uk-gaap-cd-bus:Director3 2015-04-01 2016-03-31 uk-gaap-cd-bus:Director3 2016-03-31 uk-gaap-cd-bus:Director3 2015-03-31 uk-gaap-cd-bus:OrdinaryShareClass1 2015-04-01 2016-03-31 uk-gaap-cd-bus:OrdinaryShareClass1 2016-03-31 uk-gaap-cd-bus:OrdinaryShareClass1 2015-03-31 iso4217:GBP shares

Registered Number 07133621

SPORTS AND SCHOOLWEAR SUPPLIERS LIMITED

Abbreviated Accounts

31 March 2016

SPORTS AND SCHOOLWEAR SUPPLIERS LIMITED Registered Number 07133621

Abbreviated Balance Sheet as at 31 March 2016

	Notes	2016	2015
		£	£
Fixed assets
Tangible assets	2	45,934	57,582
		45,934	57,582
Current assets
Stocks		180,000	121,040
Debtors		90,394	96,865
Cash at bank and in hand		10,454	18,745
		280,848	236,650
Creditors: amounts falling due within one year		(117,412)	(43,579)
Net current assets (liabilities)		163,436	193,071
Total assets less current liabilities		209,370	250,653
Creditors: amounts falling due after more than one year		(129,811)	(229,048)
Total net assets (liabilities)		79,559	21,605
Capital and reserves
Called up share capital	3	100	100
Profit and loss account		79,459	21,505
Shareholders' funds		79,559	21,605

For the year ending 31 March 2016 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 12 August 2016

And signed on their behalf by:
A BLAIR, Director

SPORTS AND SCHOOLWEAR SUPPLIERS LIMITED Registered Number 07133621

Notes to the Abbreviated Accounts for the period ended 31 March 2016

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 value of goods and services supplied excluding VAT and arose entirely within the U.K.

Tangible assets depreciation policy
Depreciation is calculated to write down the cost of tangible Fixed Assets over their expected useful lives using the following rates:-
Plant & Machinery - 20% pa on reducing balance
Office Equipment - 25% pa straight line reduction.

Valuation information and policy
Stock and Work-in-Progress is valued at the lower of cost and net realiseable value after making due allowance for obsolete and slow-moving items.

2Tangible fixed assets

	£
Cost
At 1 April 2015	112,610
Additions	167
Disposals	-
Revaluations	-
Transfers	-
At 31 March 2016	112,777
Depreciation
At 1 April 2015	55,028
Charge for the year	11,815
On disposals	-
At 31 March 2016	66,843
Net book values
At 31 March 2016	45,934
At 31 March 2015	57,582

3Called Up Share Capital
Allotted, called up and fully paid:

	2016 £	2015 £
100 Ordinary shares of £1 each	100	100

4Transactions with directors

Name of director receiving advance or credit:	A BLAIR
Description of the transaction:	Director's Loan Account
Balance at 1 April 2015:	£ 172,618
Advances or credits made:	£ 98,007
Advances or credits repaid:	£ 185,364
Balance at 31 March 2016:	£ 85,261