AJM Sports Management Ltd - Accounts to registrar - small 16.3d

REGISTERED NUMBER: 09097807 (England and Wales)

Unaudited Financial Statements for the Year Ended 30 June 2016

for

AJM Sports Management Ltd

Page

Company Information

1

Chartered Certified Accountants' Report

2

Balance Sheet

4

Notes to the Financial Statements

6

DIRECTORS:

Mr A Tahsin

Mr M Uruncuoglu

REGISTERED OFFICE:

Bildakin

Tatsfield Avenue

Nazeing

EN9 2HH

REGISTERED NUMBER:

09097807 (England and Wales)

ACCOUNTANTS:

Leggatt Bell Ltd

14 Railway Street

Chelmsford

Essex

CM1 1QS

The following reproduces the text of the report prepared for the directors and members in

respect of the company's annual unaudited financial statements. In accordance with the

Companies Act 2006, the company is only required to file a Balance Sheet. Readers are

cautioned that the Income Statement and certain other primary statements and the Directors'

Report are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for

your approval the financial statements of AJM Sports Management Ltd for the year ended

30 June 2016 which comprise the Profit and loss account, Balance Sheet and the related notes

from the company's accounting records and from information and explanations you have given

us.

As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/rulebook.

This report is made solely to the Board of Directors of AJM Sports Management Ltd, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of AJM Sports Management Ltd and state those matters that we have agreed to state to the Board of Directors of AJM Sports Management Ltd, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/factsheet163. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that AJM Sports Management Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of AJM Sports Management Ltd. You consider that AJM Sports Management Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of AJM Sports Management Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Leggatt Bell Ltd

14 Railway Street

Chelmsford

Essex

CM1 1QS

31 March 2017

FIXED ASSETS

Intangible assets

4

-

17,500

Tangible assets

5

37,114

43,291

37,114

60,791

CURRENT ASSETS

Stocks

19,154

9,213

Cash at bank and in hand

47,571

1,555

66,725

10,768

CREDITORS

Amounts falling due within one year

6

201,102

169,407

NET CURRENT LIABILITIES

(134,377

)

(158,639

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(97,263

)

(97,848

)

CREDITORS

Amounts falling due after more than one year

7

3,982

-

NET LIABILITIES

(101,245

)

(97,848

)

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

(101,345

)

(97,948

)

SHAREHOLDERS' FUNDS

(101,245

)

(97,848

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 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 31 March 2017 and were signed on its behalf by:

Mr A Tahsin - Director

1.	STATUTORY INFORMATION

AJM Sports Management 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.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding

discounts, rebates, value added tax and other sales taxes.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2015, is being amortised evenly over its estimated useful life of two years.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Plant and machinery etc

-

20% on cost

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance

for obsolete and slow moving items.

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

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.

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

the period of the lease.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 18 .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 July 2015

and 30 June 2016

35,000

AMORTISATION

At 1 July 2015

17,500

Charge for year

17,500

At 30 June 2016

35,000

NET BOOK VALUE

At 30 June 2016

-

At 30 June 2015

17,500

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 July 2015

54,114

Additions

5,831

At 30 June 2016

59,945

DEPRECIATION

At 1 July 2015

15,466

Charge for year

12,008

Eliminated on disposal

(4,643

)

At 30 June 2016

22,831

NET BOOK VALUE

At 30 June 2016

37,114

At 30 June 2015

38,648

Fixed assets, included in the above, which are held under finance leases are as follows:

Plant and

machinery

etc

£

COST

Reclassification/transfer

23,213

At 30 June 2016

23,213

DEPRECIATION

At 1 July 2015

4,643

Charge for year

4,644

At 30 June 2016

9,287

NET BOOK VALUE

At 30 June 2016

13,926

At 30 June 2015

(4,643

)

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.6.16

30.6.15

£

£

Finance leases

5,530

-

Trade creditors

7,829

16,518

Taxation and social security

22,465

13,812

Other creditors

165,278

139,077

201,102

169,407

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

30.6.16

30.6.15

£

£

Finance leases

3,982

-

8.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the year ended

30 June 2016 and the period ended 30 June 2015:

30.6.16

30.6.15

£

£

Mr M Uruncuoglu

Balance outstanding at start of year

46,000

-

Amounts advanced

5,232

46,000

Amounts repaid

-

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

51,232

46,000

Mr A Tahsin

Balance outstanding at start of year

64,556

-

Amounts advanced

28,700

64,556

Amounts repaid

-

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

93,256

64,556

9.	ULTIMATE CONTROLLING PARTY

The controlling party is not known.