The Rover Sports Register Limited - Abbreviated accounts 16.1

THE ROVER SPORTS REGISTER LIMITED

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 30 JUNE 2016

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

M J Maher

I Elliott

R N Bryant

M J Woollard

N J Dunning

M Hinman

J H Holford

P K Williams

K Oxley

C Cartmell

REGISTERED OFFICE:

Flat 8, Quebec Mansions

102 Filsham Road

St. Leonards-on-Sea

East Sussex

TN38 0PG

REGISTERED NUMBER:

01556970 (England and Wales)

ACCOUNTANTS:

Sibbalds Limited

Chartered Accountants and Business Advisers

Oakhurst House

57 Ashbourne Road

Derby

Derbyshire

DE22 3FS

FIXED ASSETS

Tangible assets

2

264

352

CURRENT ASSETS

Stocks

3,541

4,131

Debtors

1,750

3,277

Cash at bank and in hand

36,829

30,365

42,120

37,773

CREDITORS

Amounts falling due within one year

12,786

11,661

NET CURRENT ASSETS

29,334

26,112

TOTAL ASSETS LESS CURRENT LIABILITIES

29,598

26,464

RESERVES

Income and expenditure account

29,598

26,464

MEMBERS' FUNDS

29,598

26,464

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2016 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 surplus or deficit 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 1 October 2016 and were signed on its behalf by:

M J Maher - Director

M Hinman - 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).

Income from subscriptions

The amount shown is the amount receivable in the accounting period under review.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Equipment

-

25% on cost

Stocks

Stocks are valued at the lower of cost and net realisable value. Cost is determined on a "first in, first out" basis.

Because of the nature of the company, which exists to provide a service to members rather than to maximise profit

and turnover, stock may be held for several years. It is also often bought in bulk in order to achieve the optimum size

and price for an order.

As a result, the average period for which stock may be held before being sold is about three years. No provisions for

slow moving stock are made before this period has expired.

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 1 July 2015

9,313

Disposals

(2,855

)

At 30 June 2016

6,458

DEPRECIATION

At 1 July 2015

8,961

Charge for year

88

Eliminated on disposal

(2,855

)

At 30 June 2016

6,194

NET BOOK VALUE

At 30 June 2016

264

At 30 June 2015

352