Abbreviated Company Accounts - MAD DOG SPORT LIMITED

MAD DOG SPORT C.I.C. - Company Information

08729678 MAD DOG SPORT LIMITED 2016-10-31 false 2015-11-01 2016-10-31 true 08729678 2015-11-01 2016-10-31 08729678 2016-10-31 08729678 2015-10-31 08729678 uk-gaap-cd-bus:Director1 2015-11-01 2016-10-31 08729678 uk-gaap-cd-bus:Director2 2015-11-01 2016-10-31 uk-gaap-cd-bus:OrdinaryShareClass1 2015-11-01 2016-10-31 uk-gaap-cd-bus:OrdinaryShareClass1 2016-10-31 uk-gaap-cd-bus:OrdinaryShareClass1 2015-10-31 iso4217:GBP shares

Registered Number 08729678

MAD DOG SPORT LIMITED

Abbreviated Accounts

31 October 2016

MAD DOG SPORT LIMITED Registered Number 08729678

Abbreviated Balance Sheet as at 31 October 2016

	Notes	2016	2015
		£	£
Fixed assets
Tangible assets	2	7,367	7,590
		7,367	7,590
Current assets
Stocks		150	666
Debtors	3	3,951	4,525
Cash at bank and in hand		1,710	789
		5,811	5,980
Creditors: amounts falling due within one year		(22,856)	(18,827)
Net current assets (liabilities)		(17,045)	(12,847)
Total assets less current liabilities		(9,678)	(5,257)
Provisions for liabilities		(1,474)	(1,518)
Total net assets (liabilities)		(11,152)	(6,775)
Capital and reserves
Called up share capital	4	100	100
Profit and loss account		(11,252)	(6,875)
Shareholders' funds		(11,152)	(6,775)

For the year ending 31 October 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 31 July 2017

And signed on their behalf by:
Mrs Annie Moody, Director

MAD DOG SPORT LIMITED Registered Number 08729678

Notes to the Abbreviated Accounts for the period ended 31 October 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 January 2015).

Turnover policy
Turnover is recognised on a receivable basis. Turnover represents invoiced fees due from clients excluding VAT for rugby coaching services provided.

Tangible assets depreciation policy
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost of fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Plant and machinery 10% straight line
Computer equipment 50% straight line
Office Equipment 25% straight line

Other accounting policies
Deferred Tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company’s accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax is not provided on timing differences arising from the revaluation of fixed assets where there is no commitment to sell the asset.
Deferred tax assets and liabilities are not discounted.

2Tangible fixed assets

	£
Cost
At 1 November 2015	9,494
Additions	1,461
Disposals	-
Revaluations	-
Transfers	-
At 31 October 2016	10,955
Depreciation
At 1 November 2015	1,904
Charge for the year	1,684
On disposals	-
At 31 October 2016	3,588
Net book values
At 31 October 2016	7,367
At 31 October 2015	7,590

3Debtors

All debtors across both years are current.

4Called Up Share Capital
Allotted, called up and fully paid:

	2016 £	2015 £
100 Ordinary shares of £1 each	100	100