Corporate Sports International Limited - Abbreviated accounts 16.3

REGISTERED NUMBER: 05766827 (England and Wales)

Abbreviated Unaudited Accounts for the Year Ended 31 March 2016

for

Corporate Sports International Limited

Page

Abbreviated Balance Sheet

1

Notes to the Abbreviated Accounts

3

FIXED ASSETS

Tangible assets

2

6,217

-

CURRENT ASSETS

Debtors

63,199

88,103

Cash at bank and in hand

124,750

48,333

187,949

136,436

CREDITORS

Amounts falling due within one year

209,823

157,006

NET CURRENT LIABILITIES

(21,874

)

(20,570

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

(15,657

)

(20,570

)

CAPITAL AND RESERVES

Called up share capital

3

250

200

Profit and loss account

(15,907

)

(20,770

)

SHAREHOLDERS' FUNDS

(15,657

)

(20,570

)

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 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 15 November 2016 and were signed on its behalf
by:

T O Pearson - 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).

Exemption from preparing a cash flow statement

Exemption has been taken from preparing a cash flow statement on the grounds that the company qualifies as a

small company.

Turnover

Turnover represents the total invoice value, excluding value added tax, of sales made during the year.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.

Fixtures and fittings

-

25% on reducing balance

Computer equipment

-

25% on cost

Going concern

The balance sheet recorded net liabilities at the year end. However, the directors believe that sufficient finance is

available to the business to enable it to continue trading into the foreseeable future. Therefore, the financial

statements have been prepared on a going concern basis.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

Additions

8,290

At 31 March 2016

8,290

DEPRECIATION

Charge for year

2,073

At 31 March 2016

2,073

NET BOOK VALUE

At 31 March 2016

6,217

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2016

2015

value:

£

200

Ordinary

£1

200

50

A Ordinary

£1

50

-

250

200

The following shares were issued during the year for cash at par :

50 A Ordinary shares of £1

4.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 March 2016 and

31 March 2015:

2016

2015

£

Mr H Boylan

Balance outstanding at start of year

-

Amounts advanced

5,050

-

Amounts repaid

-

Balance outstanding at end of year

5,050

-

The loan to the director is repayable on demand. Interest is charged on loans at the official rate of interest set by

HMRC.