Athlete Nutrition Limited - Abbreviated accounts 16.3
Athlete Nutrition Limited - Abbreviated accounts 16.3
| REGISTERED NUMBER: |
| Athlete Nutrition Limited |
| Abbreviated Unaudited Accounts |
| for the Period 31 July 2015 to 31 July 2016 |
| Athlete Nutrition Limited (Registered number: 08593665) |
| Contents of the Abbreviated Accounts |
| for the Period 31 July 2015 to 31 July 2016 |
| Page |
| Company Information | 1 |
| Abbreviated Balance Sheet | 2 |
| Notes to the Abbreviated Accounts | 3 |
| Chartered Certified Accountants' Report | 5 |
| Athlete Nutrition Limited |
| Company Information |
| for the Period 31 July 2015 to 31 July 2016 |
| DIRECTORS: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| Chartered Certified Accountants |
| Athlete Nutrition Limited (Registered number: 08593665) |
| Abbreviated Balance Sheet |
| 31 July 2016 |
| 2016 | 2015 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Intangible assets | 2 |
| Tangible assets | 3 |
| CURRENT ASSETS |
| Stocks |
| Debtors |
| Cash at bank |
| CREDITORS |
| Amounts falling due within one year |
| NET CURRENT LIABILITIES | ( |
) | ( |
) |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
( |
) |
( |
) |
| CAPITAL AND RESERVES |
| Called up share capital | 4 |
| Profit and loss account | ( |
) | ( |
) |
| SHAREHOLDERS' FUNDS | ( |
) | ( |
) |
| 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 were approved by the Board of Directors on |
| Athlete Nutrition Limited (Registered number: 08593665) |
| Notes to the Abbreviated Accounts |
| for the Period 31 July 2015 to 31 July 2016 |
| 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. |
| Computer software |
| Amortisation is provided at 20% straight line in order to write off computer software over its estimated useful |
| life. |
| Tangible fixed assets |
| Plant and machinery | - |
| Computer equipment | - |
| 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. |
| Foreign currencies |
| Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the |
| balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at |
| the date of transaction. Exchange differences are taken into account in arriving at the operating result. |
| 2. | INTANGIBLE FIXED ASSETS |
| Total |
| £ |
| COST |
| Additions |
| At 31 July 2016 |
| AMORTISATION |
| Amortisation for period |
| At 31 July 2016 |
| NET BOOK VALUE |
| At 31 July 2016 |
| Athlete Nutrition Limited (Registered number: 08593665) |
| Notes to the Abbreviated Accounts - continued |
| for the Period 31 July 2015 to 31 July 2016 |
| 3. | TANGIBLE FIXED ASSETS |
| Total |
| £ |
| COST |
| At 31 July 2015 |
| Additions |
| At 31 July 2016 |
| DEPRECIATION |
| At 31 July 2015 |
| Charge for period |
| At 31 July 2016 |
| NET BOOK VALUE |
| At 31 July 2016 |
| At 30 July 2015 |
| 4. | CALLED UP SHARE CAPITAL |
| Allotted, issued and fully paid: |
| Number: | Class: | Nominal | 2016 | 2015 |
| value: | £ | £ |
| Ordinary | £1 |
| 5. | DIRECTORS' ADVANCES, CREDITS AND GUARANTEES |
| The following credits to directors subsisted during the periods ended 31 July 2016 and 30 July 2015: |
| 2016 | 2015 |
| £ | £ |
| Balance outstanding at start of period | ( |
) |
| Amounts advanced |
| Amounts repaid | ( |
) | ( |
) |
| Balance outstanding at end of period | ( |
) | ( |
) |
| Balance outstanding at start of period | ( |
) | ( |
) |
| Amounts repaid | ( |
) | ( |
) |
| Balance outstanding at end of period | ( |
) | ( |
) |
| Balance outstanding at start of period | ( |
) | ( |
) |
| Amounts repaid | ( |
) | ( |
) |
| Balance outstanding at end of period | ( |
) | ( |
) |
| Loans from directors are repayable on demand and no interest has been charged on these loans. |
| Chartered Certified Accountants' Report to the Board of Directors |
| on the Unaudited Financial Statements of |
| Athlete Nutrition Limited |
| The following reproduces the text of the report prepared for the directors in respect of the company's annual |
| unaudited financial statements, from which the unaudited abbreviated accounts (set out on pages two to four) |
| have been prepared. |
| In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the |
| financial statements of Athlete Nutrition Limited for the period ended 31 July 2016 which comprise the Profit and Loss |
| Account, the 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 Athlete Nutrition Limited, 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 Athlete Nutrition Limited and state those matters that we have agreed to state to the Board of Directors of Athlete Nutrition Limited, 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 Athlete Nutrition Limited 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 Athlete Nutrition Limited. You consider that Athlete Nutrition Limited is exempt from the statutory audit requirement for the period. |
| We have not been instructed to carry out an audit or a review of the financial statements of Athlete Nutrition Limited. 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. |
| Chartered Certified Accountants |
| 24 April 2017 |