Abbreviated Company Accounts - T M SPORTING LIMITED

Abbreviated Company Accounts - T M SPORTING LIMITED

T M SPORTING LIMITED - Company Information

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Registered Number SC166721

T M SPORTING LIMITED

Abbreviated Accounts

31 July 2016

T M SPORTING LIMITED Registered Number SC166721

Abbreviated Balance Sheet as at 31 July 2016

Notes 2016 2015
£ £
Fixed assets
Tangible assets 2 10,315 10,528
10,315 10,528
Current assets
Cash at bank and in hand 1,293 437
1,293 437
Creditors: amounts falling due within one year (7,343) (3,057)
Net current assets (liabilities) (6,050) (2,620)
Total assets less current liabilities 4,265 7,908
Total net assets (liabilities) 4,265 7,908
Capital and reserves
Called up share capital 2 2
Profit and loss account 4,263 7,906
Shareholders' funds 4,265 7,908
  • For the year ending 31 July 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.

Approved by the Board on 28 April 2017

And signed on their behalf by:
Tommaso Manganiello, Director

T M SPORTING LIMITED Registered Number SC166721

Notes to the Abbreviated Accounts for the period ended 31 July 2016

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities effective April 2008.

Turnover policy
Turnover represents amounts chargeable in respect of the sales of goods and services to customers.

Tangible assets depreciation policy
Depreciation is provided on tangible fixed assets so as to write off the cost valuation, less any estimated residual value, over their expected useful economic life as follows: Land and Buildings - No Charge, Motor Vehicles - 25% reducing balance, Plant and Machinery - 25% reducing balance

Other accounting policies
Foreign currency 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 ruling of transaction. Exchange differences are taken into account in arriving at the operating profit.

2Tangible fixed assets
£
Cost
At 1 August 2015 22,638
Additions -
Disposals -
Revaluations -
Transfers -
At 31 July 2016 22,638
Depreciation
At 1 August 2015 12,110
Charge for the year 213
On disposals -
At 31 July 2016 12,323
Net book values
At 31 July 2016 10,315
At 31 July 2015 10,528