Real Snowsports Limited - Abbreviated accounts 16.1

REGISTERED NUMBER: 09036228 (England and Wales)

Abbreviated Unaudited Accounts For The Year Ended 31st May 2016

for

Real Snowsports Limited

T/A

Real Snowboarding

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

D R Crozier

B C Parker

REGISTERED OFFICE:

106 Charter Avenue

Ilford

Essex

IG2 7AD

REGISTERED NUMBER:

09036228 (England and Wales)

ACCOUNTANTS:

Fredericks Limited

Chartered Accountants

106 Charter Avenue

Ilford

Essex

IG2 7AD

FIXED ASSETS

Tangible assets

2

583

1,151

CURRENT ASSETS

Cash at bank

13,058

20,480

CREDITORS

Amounts falling due within one year

12,584

20,246

NET CURRENT ASSETS

474

234

TOTAL ASSETS LESS CURRENT LIABILITIES

1,057

1,385

CREDITORS

Amounts falling due after more than one year

3

2

2

NET ASSETS

1,055

1,383

CAPITAL AND RESERVES

Called up share capital

4

2

2

Profit and loss account

1,053

1,381

SHAREHOLDERS' FUNDS

1,055

1,383

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31st May 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 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 26th August 2016 and were signed on its behalf by:

D R Crozier - Director

B C Parker - 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 services, 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.

Computer equipment

-

33% on cost

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 June 2015

and 31st May 2016

1,718

DEPRECIATION

At 1st June 2015

567

Charge for year

568

At 31st May 2016

1,135

NET BOOK VALUE

At 31st May 2016

583

At 31st May 2015

1,151

3.

CREDITORS

Creditors include the following debts falling due in more than five years:

31.5.16

31.5.15

£

£

Repayable otherwise than by instalments

2

2

Details of shares shown as liabilities are as follows:

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.5.16

31.5.15

value:

£

£

1

A Ordinary non voting

£1.00

1

1

1

B Ordinary non voting

£1.00

1

1

2

2

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.5.16

31.5.15

value:

£

£

2

Ordinary

£1.00

2

2