P J Sporting Limited - Period Ending 2016-03-31

Registration number: 06539826

P J Sporting Limited

Unaudited Abbreviated Accounts

for the Year Ended 31 March 2016
 

P J Sporting Limited
Contents

Abbreviated Balance Sheet 1

Notes to the Abbreviated Accounts 2 to 3

P J Sporting Limited
(Registration number: 06539826)
Abbreviated Balance Sheet at 31 March 2016

		Note			2016 £			2015 £
Fixed assets
Tangible fixed assets					-			4,931
Current assets
Debtors					4,103			8,364
Creditors: Amounts falling due within one year					(44,861)			(52,957)
Net current liabilities					(40,758)			(44,593)
Net liabilities					(40,758)			(39,662)
Capital and reserves
Called up share capital		3			100			100
Profit and loss account					(40,858)			(39,762)
Shareholders' deficit					(40,758)			(39,662)

For the year ending 31 March 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 31 December 2016 and signed on its behalf by:

.........................................
P C E Johnson
Director

The notes on pages 2 to 3 form an integral part of these financial statements.
Page 1

P J Sporting Limited
Notes to the Abbreviated Accounts for the Year Ended 31 March 2016
......... continued

1	Accounting policies

Basis of preparation

The full financial statements, from which these abbreviated accounts have been extracted, have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (Effective January 2015).

Going concern

The financial statements have been prepared on a going concern basis with the company relient on the continuing support of it's director.

Turnover

Turnover represents amounts chargeable in respect of the sale of goods and services to customers.

Depreciation

Depreciation is provided on tangible fixed assets so as to write off the cost, less any estimated residual value, over their expected useful economic life as follows :

Asset class	Depreciation method and rate
Plant and equipment	20% Reducing balance
Motor Vehicles	20% Straight line

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Where shares are issued, any component that creates a financial liability of the company is presented as a liability in the balance sheet. The corresponding dividends relating to the liability component are charged as interest expense in the profit and loss account.

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P J Sporting Limited
Notes to the Abbreviated Accounts for the Year Ended 31 March 2016
......... continued

2	Fixed assets

		Tangible assets £			Total £
Cost
At 1 April 2015		19,725			19,725
At 31 March 2016		19,725			19,725
Depreciation
At 1 April 2015		14,794			14,794
Charge for the year		4,931			4,931
At 31 March 2016		19,725			19,725
Net book value
At 31 March 2016		-			-
At 31 March 2015		4,931			4,931

3	Share capital

Allotted, called up and fully paid shares

	2016						2015
		No.			£			No.			£
Ordinary shares of £1 each		100			100			100			100

4

Control

The company is controlled by P C E Johnson who owns 100% of the issued share capital of the company.

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