Sportspoint International Marketing Ltd - Accounts to registrar - small 16.3

REGISTERED NUMBER: 03309061 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 December 2016

for

Sportspoint International

Marketing Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

M J Williams

Mrs B B Williams

SECRETARY:

Mrs B B Williams

REGISTERED OFFICE:

The Glades

Festival Way

Festival Park

Stoke-on-Trent

Staffordshire

ST1 5SQ

REGISTERED NUMBER:

03309061 (England and Wales)

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

33,064

-

33,064

-

CURRENT ASSETS

Debtors

6

11,371

3,898

Cash at bank

43,115

15,212

54,486

19,110

CREDITORS

Amounts falling due within one year

7

32,020

2,768

NET CURRENT ASSETS

22,466

16,342

TOTAL ASSETS LESS CURRENT LIABILITIES

55,530

16,342

CREDITORS

Amounts falling due after more than one year

8

25,886

-

NET ASSETS

29,644

16,342

CAPITAL AND RESERVES

Called up share capital

10

100

100

Retained earnings

29,544

16,242

SHAREHOLDERS' FUNDS

29,644

16,342

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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 financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors on 27 February 2017 and were signed on its behalf by:

M J Williams - Director

Mrs B B Williams - Director

1.	STATUTORY INFORMATION

Sportspoint International Marketing Ltd is a private company, limited by shares , registered in

England and Wales. The company's registered number and registered office address can be found on

the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

The financial statements have been prepared on the assumption that the company is able to carry

on business as a going concern, which the directors consider appropriate having regard to the

company's current and expected performance.

Turnover

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

Turnover is stated net of VAT and trade discounts. Turnover from the supply of services represents

the value of services provided under contracts, to the extent that there is a right to consideration,

and is recorded at the value of the consideration due. Where a contract has only been partially

completed at the balance sheet date turnover represents the value of the service provided to date

based on a proportion of the total contract value.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are

measured at cost less any accumulated amortisation and any accumulated impairment losses.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet.

Those held under hire purchase contracts are depreciated over their estimated useful lives. Those

held under finance leases are depreciated over their estimated useful lives or the lease term,

whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The

capital element of the future payments is treated as a liability.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the

company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 January 2016

and 31 December 2016

54,135

AMORTISATION

At 1 January 2016

and 31 December 2016

54,135

NET BOOK VALUE

At 31 December 2016

-

At 31 December 2015

-

5.	TANGIBLE FIXED ASSETS

Motor

Computer

vehicles

equipment

Totals

£

£

£

COST

Additions

43,576

573

44,149

At 31 December 2016

43,576

573

44,149

DEPRECIATION

Charge for year

10,894

191

11,085

At 31 December 2016

10,894

191

11,085

NET BOOK VALUE

At 31 December 2016

32,682

382

33,064

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Motor

vehicles

£

COST

Additions

43,576

At 31 December 2016

43,576

DEPRECIATION

Charge for year

10,894

At 31 December 2016

10,894

NET BOOK VALUE

At 31 December 2016

32,682

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2016

2015

£

£

Trade debtors

11,166

-

Other debtors

205

3,898

11,371

3,898

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2016

2015

£

£

Hire purchase contracts

3,642

-

Trade creditors

634

-

Taxation and social security

22,960

2,063

Other creditors

4,784

705

32,020

2,768

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2016

2015

£

£

Hire purchase contracts

25,886

-

9.	SECURED DEBTS

The following secured debts are included within creditors:

2016

2015

£

£

Hire purchase contracts

29,528

-

The hire purchase creditor is secured over the asset to which it relates.

10.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2016

2015

value:

£

£

100

Ordinary

£1

100

100

11.	RELATED PARTY DISCLOSURES

Dividends paid to directors

Dividends paid to directors in their capacity as shareholders during the year included £10,000 to Mr

M Williams (2015 - £4,200) and £14,922 to Mrs B Williams (2015 - £4,200).

Included in other creditors is an amount of £812 owed to the directors, M J Williams and Mrs B B

Williams (2015 - £5).

Transactions with other related parties

During the year both M J Williams and Mrs B B Williams were directors and shareholders of the

company. They were also directors and shareholders of I-Tex UK Limited up to 29 June 2016.

At the year end Sportspoint International Marketing Limited were owed £Nil by I-Tex UK Limited

(2015 - debtor £3,897).

12.	ULTIMATE CONTROLLING PARTY

During the period ended 31 December 2016, M J Williams and Mrs B B Williams, the directors,

controlled the company by virtue of a directly and indirectly held controlling interest of 100% of the

issued ordinary share capital.