SportArts4All Limited - Accounts to registrar

REGISTERED NUMBER: 07155563 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 March 2017

for

SportArts4All Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

I S Sandhu

REGISTERED OFFICE:

31 St Georges Square

St Georges Centre

Gravesend

Kent

DA11 0TB

REGISTERED NUMBER:

07155563 (England and Wales)

ACCOUNTANTS:

Goatcher Chandler

31 St Georges Square

St Georges Centre

Gravesend

Kent

DA11 0TB

CURRENT ASSETS

Debtors

4

15,000

15,500

Cash at bank

469

-

15,469

15,500

CREDITORS

Amounts falling due within one year

5

7,112

15,337

NET CURRENT ASSETS

8,357

163

TOTAL ASSETS LESS CURRENT
LIABILITIES

8,357

163

CAPITAL AND RESERVES

Called up share capital

6

1

Retained earnings

7

8,356

162

SHAREHOLDERS' FUNDS

8,357

163

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2017 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director on 20 December 2017 and were signed by:

I S Sandhu - Director

1.	STATUTORY INFORMATION

SportArts4All Limited 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.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income

Statement, except to the extent that it relates to items recognised in other comprehensive

income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that

have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not

reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in

periods different from those in which they are recognised in financial statements. Deferred

tax is measured using tax rates and laws that have been enacted or substantively enacted

by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it

is probable that they will be recovered against the reversal of deferred tax liabilities or other

future taxable profits.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 .

4.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

Other debtors

15,000

15,500

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

Bank loans and overdrafts

-

513

Taxation and social security

5,198

13,608

Other creditors

1,914

1,216

7,112

15,337

Included within Other creditors is an amount owed to the director of £954 (2016 £255)

No interest is charged on this amount and it is repayable on demand.

6.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2017

2016

value:

£

1

Ordinary

1

7.

RESERVES

Retained

earnings

£

At 1 April 2016

162

Profit for the year

20,694

Dividends

(12,500

)

At 31 March 2017

8,356

8.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended

31 March 2017 and 31 March 2016:

2017

2016

£

I S Sandhu

Balance outstanding at start of year

15,500

-

Amounts advanced

15,000

15,500

Amounts repaid

(15,500

)

-

Amounts written off

-

Amounts waived

-

Balance outstanding at end of year

15,000

15,500

9.	RELATED PARTY DISCLOSURES

I S Sandhu

During the period total dividends of £12,500 were paid to the director.

10.	CONTROLLING PARTY

The controlling party is director I. S. Sandhu by virtue of his ownership of 100% of the issued

share capital of the company.

SportArts4All Limited - Accounts to registrar - small 17.2

SportArts4All Limited - Accounts to registrar - small 17.2