SM Sports Advisory Ltd - Abbreviated accounts

SM Sports Advisory Ltd - Abbreviated accounts


Registered number
08649663
SM Sports Advisory Ltd
Unaudited Abbreviated Accounts
31 August 2016
SM Sports Advisory Ltd
Chartered Accountants' report to the board of directors on the preparation of the unaudited abbreviated accounts of SM Sports Advisory Ltd for the year ended 31 August 2016
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the abbreviated accounts of SM Sports Advisory Ltd for the year ended 31 August 2016 which comprise of 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 Institute of Chartered Accountants in England and Wales, we are subject to its ethical and other professional requirements which are detailed at
icaew.com/membershandbook.
This report is made solely to the Board of Directors of SM Sports Advisory Ltd, as a body, in accordance with the terms of our engagement letter dated 1 August 2013. Our work has been undertaken solely to prepare for your approval the accounts of SM Sports Advisory Ltd and state those matters that we have agreed to state to the Board of Directors of SM Sports Advisory Ltd, as a body, in this report in accordance with AAF 2/10 as detailed at icaew.com/compilation. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than SM Sports Advisory Ltd and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that SM Sports Advisory Ltd has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of SM Sports Advisory Ltd. You consider that SM Sports Advisory 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 accounts of SM Sports Advisory 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 abbreviated accounts.
Newnham & Son Ltd
Chartered Accountants
Unit 1, Viceroy Court
Bedford Road
Petersfield
Hampshire
GU32 3LJ
24 February 2017
SM Sports Advisory Ltd
Registered number: 08649663
Abbreviated Balance Sheet
as at 31 August 2016
Notes 2016 2015
£ £
Current assets
Debtors 2,658 2,658
Cash at bank and in hand 28,621 20,540
31,279 23,198
Creditors: amounts falling due within one year (18,488) (13,884)
Net current assets 12,791 9,314
Net assets 12,791 9,314
Capital and reserves
Called up share capital 2 4 2
Profit and loss account 12,787 9,312
Shareholders' funds 12,791 9,314
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies subject to the small companies regime.
Mr T Sheldon
Director
Approved by the board on 24 February 2017
SM Sports Advisory Ltd
Notes to the Abbreviated Accounts
for the year ended 31 August 2016
1 Accounting policies
Basis of preparation
The accounts 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 the value of services provided to customers and work carried out in respect of services provided to customers.
2 Share capital Nominal 2016 2016 2015
value Number £ £
Allotted, called up and fully paid:
Ordinary shares £1 each 2 2 2
A Ordinary shares £1 each 1 1 -
B Ordinary shares £1 each 1 1 -
4 2
Nominal Number Amount
value £
Shares issued during the period:
A Ordinary shares £1 each 1 1
B Ordinary shares £1 each 1 1
2
3 Loans to directors
Description and conditions B/fwd Paid Repaid C/fwd
£ £ £ £
Mr T Sheldon
Loan (15,178) 15,180 (2) -
Ms S Maccagnan
Loan 10,632 30,000 (47,539) (6,907)
(4,546) 45,180 (47,541) (6,907)
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