Abbreviated Company Accounts - MULTISPORT DISTRIBUTION LIMITED

MULTISPORT DISTRIBUTION LIMITED - Company Information

06904248 MULTISPORT DISTRIBUTION LIMITED 2016-02-28 false 2015-03-01 2016-02-28 true 06904248 2015-03-01 2016-02-28 06904248 2016-02-28 06904248 2015-02-28 06904248 uk-gaap-cd-bus:Director1 2015-03-01 2016-02-28 06904248 uk-gaap-cd-bus:Director2 2015-03-01 2016-02-28 uk-gaap-cd-bus:OrdinaryShareClass1 2015-03-01 2016-02-28 uk-gaap-cd-bus:OrdinaryShareClass1 2016-02-28 uk-gaap-cd-bus:OrdinaryShareClass1 2015-02-28 iso4217:GBP shares

Registered Number 06904248

MULTISPORT DISTRIBUTION LIMITED

Abbreviated Accounts

28 February 2016

MULTISPORT DISTRIBUTION LIMITED Registered Number 06904248

Abbreviated Balance Sheet as at 28 February 2016

	Notes	2016	2015
		£	£
Fixed assets
Tangible assets	2	12,254	15,856
		12,254	15,856
Current assets
Stocks		54,886	65,371
Debtors		46,079	53,965
Cash at bank and in hand		3	3
		100,968	119,339
Creditors: amounts falling due within one year		(94,543)	(165,463)
Net current assets (liabilities)		6,425	(46,124)
Total assets less current liabilities		18,679	(30,268)
Provisions for liabilities		(3,759)	(3,759)
Total net assets (liabilities)		14,920	(34,027)
Capital and reserves
Called up share capital	3	1,000	1,000
Profit and loss account		13,920	(35,027)
Shareholders' funds		14,920	(34,027)

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 24 November 2016

And signed on their behalf by:
J Hawthorn, Director

MULTISPORT DISTRIBUTION LIMITED Registered Number 06904248

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

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities effective April 2008.

Turnover policy
Turnover represents net invoiced sales of goods, excluding value added tax.

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

Plant and machinery etc. - 25% on cost and 10% on cost

Other accounting policies
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.

2Tangible fixed assets

	£
Cost
At 1 March 2015	33,380
Additions	-
Disposals	-
Revaluations	-
Transfers	-
At 28 February 2016	33,380
Depreciation
At 1 March 2015	17,524
Charge for the year	3,602
On disposals	-
At 28 February 2016	21,126
Net book values
At 28 February 2016	12,254
At 28 February 2015	15,856

3Called Up Share Capital
Allotted, called up and fully paid:

	2016 £	2015 £
1,000 Ordinary shares of £1 each	1,000	1,000