Sportslate Limited - Period Ending 2016-06-30

Registration number: 09655770

Sportslate Limited

Unaudited Abbreviated Accounts

for the Period from 24 June 2015 to 30 June 2016

 

Sportslate Limited
(Registration number: 09655770)
Abbreviated Balance Sheet at 30 June 2016

		Note			30 June 2016 £
Current assets
Debtors					2,946
Cash at bank and in hand					149
					3,095
Creditors: Amounts falling due within one year					(1,774)
Net assets					1,321
Capital and reserves
Called up share capital		2			313
Share premium account					29,927
Profit and loss account					(28,919)
Shareholders' funds					1,321

The notes on page 3 form an integral part of these financial statements.
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Sportslate Limited
(Registration number: 09655770)
Abbreviated Balance Sheet at 30 June 2016
......... continued

For the year ending 30 June 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 and in accordance with the Financial Reporting Standard for Smaller Entities (effective 2015).

Approved by the Board on 21 March 2017 and signed on its behalf by:

.........................................
Dr T J Craig
Director

The notes on page 3 form an integral part of these financial statements.
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Sportslate Limited
Notes to the Abbreviated Accounts
for the Period from 24 June 2015 to 30 June 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).

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.

2	Share capital

Allotted, called up and fully paid shares

	30 June 2016
		No.			£
Ordinary shares of £0.01 each		31,305			313

New shares allotted

During the period 31,305 ordinary shares having an aggregate nominal value of £313 were allotted for an aggregate consideration of £30,240 . The first 24,000 shares were allotted upon incorporation. The additional 7,305 shares were allotted during the year .

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