Abbreviated Company Accounts - BUSINESSPORT LIMITED

BUSINESSPORT LIMITED - Company Information

Registered Number SC159924

BUSINESSPORT LIMITED

Abbreviated Accounts

28 February 2016

BUSINESSPORT LIMITED Registered Number SC159924

Abbreviated Balance Sheet as at 28 February 2016

	Notes	28/02/2016	31/08/2015
		£	£
Fixed assets
Tangible assets	2	19,869	31,650
		19,869	31,650
Current assets
Stocks		103,000	103,000
Debtors		238,732	268,098
Cash at bank and in hand		9,165	50,987
		350,897	422,085
Creditors: amounts falling due within one year		(423,031)	(326,658)
Net current assets (liabilities)		(72,134)	95,427
Total assets less current liabilities		(52,265)	127,077
Creditors: amounts falling due after more than one year		(288,906)	(300,000)
Total net assets (liabilities)		(341,171)	(172,923)
Capital and reserves
Called up share capital		210	210
Profit and loss account		(341,381)	(173,133)
Shareholders' funds		(341,171)	(172,923)

For the year ending 28 February 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 7 November 2016

And signed on their behalf by:
Peter Shields, Director

BUSINESSPORT LIMITED Registered Number SC159924

Notes to the Abbreviated Accounts for the period ended 28 February 2016

1Accounting Policies

Basis of measurement and preparation of accounts
The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Small Entities.
The company meets its day to day working capital requirements through facilities provided by its bankers which are repayable on demand. The nature of the company's business is such that there can be unpredictable variations in the timing of cash flows. The directors have prepared projected cash flow information for the period ending 6 months from the date of these financial statements and on the basis of this information the directors consider that the company will continue to operate within the facilities currently agreed which are secured by means of a fixed and floating charge over the company's assets. On this basis the directors consider it appropriate to prepare the financial statements on the going concern basis. The financial statements do not include any adjustments that would result from a withdrawal of the facilities by the company's bankers

Turnover policy
Turnover represents amounts receivable for goods and services net of VAT and trade discounts

Tangible assets depreciation policy
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:-
Plant, Machinery, Equipment and Motor Vehicles 25% on cost

2Tangible fixed assets

	£
Cost
At 1 September 2015	164,239
Additions	-
Disposals	-
Revaluations	-
Transfers	-
At 28 February 2016	164,239
Depreciation
At 1 September 2015	132,589
Charge for the year	11,781
On disposals	-
At 28 February 2016	144,370
Net book values
At 28 February 2016	19,869
At 31 August 2015	31,650