UK Sports Innovations Group Limited
UK Sports Innovations Group Limited
Registered number: 06616696
Abbreviated accounts
For The Year Ended 30 June 2016
Lewis Ballard Ltd
UK Sports Innovations Group Limited
Company No. 06616696
Abbreviated Balance Sheet
30 June 2016
Abbreviated Balance Sheet
2016 | 2015 | ||||
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Notes | £ | £ | £ | £ | |
CURRENT ASSETS | |||||
Debtors |
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Cash at bank and in hand |
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Creditors: Amounts Falling Due Within One Year |
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NET CURRENT ASSETS (LIABILITIES) |
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TOTAL ASSETS LESS CURRENT LIABILITIES |
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NET ASSETS |
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CAPITAL AND RESERVES | |||||
Called up share capital | 2 |
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Profit and Loss Account |
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SHAREHOLDERS' FUNDS |
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Directors' responsibilities:
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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 abbreviated 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).
On behalf of the board
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UK Sports Innovations Group Limited
Notes to the Abbreviated Accounts
For The Year Ended 30 June 2016
Notes to the Abbreviated Accounts
1.
Accounting Policies
1.1.
Basis of Preparation of Financial Statements
The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).
1.2.
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company.
3.
Transactions With and Loans to Directors
Included within Debtors are the following loans to directors:
As at |
Amounts advanced | Amounts repaid | As at |
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£ | £ | £ | £ | |
Mr Gareth Lippiatt | 1,029 | 22,576 | (12,600) | 11,005 |
The above loan is unsecured, interest free and repayable on demand.
4.
Ultimate Controlling Party
The company's ultimate controlling party is G Lippiatt by virtue of his shareholding in the company.
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