Elite Youth Development Limited - Abbreviated accounts 16.3

REGISTERED NUMBER: 09051117 (England and Wales)

ELITE YOUTH DEVELOPMENT LIMITED

ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 31 MAY 2016

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTOR:

D Larner

SECRETARY:

REGISTERED OFFICE:

167 Turners Hill

Cheshunt

Waltham Cross

Hertfordshire

EN8 9BH

REGISTERED NUMBER:

09051117 (England and Wales)

ACCOUNTANTS:

Brindley Jacob

Chartered Accountants

167 Turners Hill

Cheshunt

Hertfordshire

EN8 9BH

FIXED ASSETS

Tangible assets

2

1,313

564

CURRENT ASSETS

Debtors

9,649

27,303

CREDITORS

Amounts falling due within one year

10,846

27,746

NET CURRENT LIABILITIES

(1,197

)

(443

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

116

121

CAPITAL AND RESERVES

Called up share capital

3

100

Profit and loss account

16

21

SHAREHOLDERS' FUNDS

116

121

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2016 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director on 16 February 2017 and were signed by:

D Larner - 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 net invoiced sales of goods, excluding value added tax.

Tangible fixed assets

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

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance

sheet date.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to the profit and loss account on a straight line basis over the

period of the lease.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 June 2015

752

Additions

1,241

At 31 May 2016

1,993

DEPRECIATION

At 1 June 2015

188

Charge for year

492

At 31 May 2016

680

NET BOOK VALUE

At 31 May 2016

1,313

At 31 May 2015

564

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.5.16

31.5.15

value:

£

100

Ordinary

£1

100