Sporting Club Leigh Limited - Limited company - abbreviated - 11.0.0

REGISTERED NUMBER: 04587402 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 31 DECEMBER 2013

FOR

SPORTING CLUB LEIGH LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

M J Norris

D J Beaumont

REGISTERED OFFICE:

Leigh Sports Village Stadium

Sale Way

Leigh

Lancashire

WN7 4JY

REGISTERED NUMBER:

04587402 (England and Wales)

ACCOUNTANTS:

Styles and Co Accountants Limited

Chartered Accountants

Heather House

473 Warrington Road

Culcheth

Warrington

Cheshire

WA3 5QU

BANKERS:

National Westminster Bank

32 Market Street

Leigh

Lancashire

WN7 1DX

FIXED ASSETS

Tangible assets

2

3,863

3,273

CURRENT ASSETS

Stocks

6,000

6,000

Debtors

24,705

16,391

30,705

22,391

CREDITORS

Amounts falling due within one year

(147,223

)

(256,345

)

NET CURRENT LIABILITIES

(116,518

)

(233,954

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(112,655

)

(230,681

)

CAPITAL AND RESERVES

Called up share capital

3

63

37

Share premium

308,041

254,966

Profit and loss account

(420,759

)

(485,684

)

SHAREHOLDERS' FUNDS

(112,655

)

(230,681

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2013.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2013 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 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 Board of Directors on 30 September 2014 and were signed on its behalf by:

M J Norris - Director

1.	ACCOUNTING POLICIES

Basis of preparing the financial statements

At 31 December 2013, the company had net current liabilities amounting to £116,518 (2012:

£233,954) and the equity shareholders' debt was £112,655 (2012: £230,681). These factors on their

own would clearly affect the Company's ability to continue trading. The Company is dependent upon

the continued financial support of the Directors.

During the period to 31 December 2013, the company made a profit of £64,925 (2012 loss :

£48,856).

In view of this, the Directors consider it appropriate to prepare the financial statements on the going

concern basis.

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 April 2008).

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.

Office equipment

-

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. No provision for deferred taxation is necessary in these financial

statements due to availability of trading losses.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 January 2013

18,278

Additions

1,555

At 31 December 2013

19,833

DEPRECIATION

At 1 January 2013

15,005

Charge for year

965

At 31 December 2013

15,970

NET BOOK VALUE

At 31 December 2013

3,863

At 31 December 2012

3,273

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.12.13

31.12.12

value:

£

£

63

Ordinary

£1

63

37

(31.12.12 - 37 )

During the year, 26 ordinary shares of £1 each were allotted as fully paid at a premium.