The Welsh Sports Association Ltd - Abbreviated accounts 16.3

REGISTERED NUMBER: 05835990 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 31 MARCH 2016

FOR

THE WELSH SPORTS ASSOCIATION LTD

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTORS:

R M K J James

J H Morgan

F Lloyd

K Allen

K Stokes-Davies

S Chisholm

REGISTERED OFFICE:

Sport Wales National Centre

Sophia Gardens

Cardiff

CF11 9SW

REGISTERED NUMBER:

05835990 (England and Wales)

ACCOUNTANTS:

Arthur Gait & Company

Chartered Accountants

18 Gold Tops

Newport

South Wales

NP20 5WJ

BANKERS:

National Westminster Bank PLC.

2 Plymouth Road

Penarth

Vale of Glamorgan

CF64 3YN

CURRENT ASSETS

Debtors

2,090

50

Cash at bank

109,250

116,412

111,340

116,462

CREDITORS

Amounts falling due within one year

68,625

31,052

NET CURRENT ASSETS

42,715

85,410

TOTAL ASSETS LESS CURRENT LIABILITIES

42,715

85,410

RESERVES

Income and expenditure account

42,715

85,410

42,715

85,410

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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 20 October 2016 and were signed on its behalf by:

J H Morgan - 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 grants receivable and sundry income.

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

-

Straight line over 3 years

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 April 2015

and 31 March 2016

1,071

DEPRECIATION

At 1 April 2015

and 31 March 2016

1,071

NET BOOK VALUE

At 31 March 2016

-

At 31 March 2015

-

3.	SHARE CAPITAL

The company is limited by guarantee and has no share capital.