Select Sponsorship Limited - Abbreviated accounts 16.3

REGISTERED NUMBER: 04132804 (England and Wales)

Abbreviated Unaudited Accounts for the Year Ended 30 April 2016

for

SELECT SPONSORSHIP LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTORS:

A R J Buchanan

C R Buchanan

SECRETARY:

C R Buchanan

REGISTERED OFFICE:

17-19 Market Street

Kirkby Stephen

Cumbria

CA17 4QS

REGISTERED NUMBER:

04132804 (England and Wales)

ACCOUNTANT:

John Andrew

Chartered Accountant

17-19 Market Street

KIRKBY STEPHEN

Cumbria

CA17 4QS

FIXED ASSETS

Tangible assets

2

1,209

2,129

CURRENT ASSETS

Debtors

117,811

351

Cash at bank

18,797

117,766

136,608

118,117

CREDITORS

Amounts falling due within one year

29,933

35,730

NET CURRENT ASSETS

106,675

82,387

TOTAL ASSETS LESS CURRENT
LIABILITIES

107,884

84,516

CAPITAL AND RESERVES

Called up share capital

3

1,000

Profit and loss account

106,884

83,516

SHAREHOLDERS' FUNDS

107,884

84,516

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 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 8 December 2016 and were signed on its behalf by:

A R J Buchanan - Director

C R Buchanan - 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 the invoiced amounts of all services provided, net of value added tax, during the accounting

period, adjusted for any movement in the value of work in progress.

Tangible fixed assets

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

Improvements to property

-

10% on cost

Fixtures and fittings

-

25% on reducing balance

Computer equipment

-

25% on reducing balance

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 May 2015

and 30 April 2016

10,912

DEPRECIATION

At 1 May 2015

8,783

Charge for year

920

At 30 April 2016

9,703

NET BOOK VALUE

At 30 April 2016

1,209

At 30 April 2015

2,129

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30/4/16

30/4/15

value:

£

1,000

Ordinary

£1

1,000

4.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 30 April 2016 and

30 April 2015:

30/4/16

30/4/15

£

A R J Buchanan and C R Buchanan

Balance outstanding at start of year

-

Amounts advanced

96,940

-

Amounts repaid

(2,496

)

-

Balance outstanding at end of year

94,444

-