Teamsport90 Limited - Accounts to registrar (filleted) - small 17.3

REGISTERED NUMBER: 06271279 (England and Wales)

FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2017

FOR

TEAMSPORT90 LIMITED

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

M J Smith

REGISTERED OFFICE:

Unit 11

Beechings Way Industrial Estate

Alford

Lincolnshire

LN13 9JE

REGISTERED NUMBER:

06271279 (England and Wales)

ACCOUNTANTS:

Maxwell & Co

The Granary

Hones Yard

1 Waverley Lane

Farnham

Surrey

GU9 8BB

FIXED ASSETS

Tangible assets

4

1,534

2,144

CURRENT ASSETS

Stocks

10,000

10,000

Debtors

5,142

3,959

Cash at bank and in hand

558

1,316

15,700

15,275

CREDITORS

Amounts falling due within one year

98,418

97,242

NET CURRENT LIABILITIES

(82,718

)

(81,967

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(81,184

)

(79,823

)

CAPITAL AND RESERVES

Called up share capital

1,000

1,000

Retained earnings

(82,184

)

(80,823

)

SHAREHOLDERS' FUNDS

(81,184

)

(79,823

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 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.

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the year ended 30 June 2017 in accordance with Section 444(2A) of the Companies Act 2006.

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 27 March 2018 and were signed by:

M J Smith - Director

1.	STATUTORY INFORMATION

Teamsport90 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.

The accounts have been prepared on a going concern basis as the director is prepared to support the company

for the foreseeable future.

First year adoption of Financial Reporting Standard 102 ( FRS 102) Section 1A

These financial statements for the year ended 30 June 2017 are the first that are prepared in accordance with

FRS 102 Section 1A. The previous financial statements were prepared in accordance with UK GAAP, the date

of transition to FRS 102 Section 1A is 1 July 2015.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates,

value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Web Site

-

33% on cost

Plant and machinery

-

33% on reducing balance

Fixtures and fittings

-

33% on cost

Computer equipment

-

33% on reducing balance

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and

slow moving items.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2016 - 1 ) .

4.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 1 July 2016

and 30 June 2017

39,398

DEPRECIATION

At 1 July 2016

37,254

Charge for year

610

At 30 June 2017

37,864

NET BOOK VALUE

At 30 June 2017

1,534

At 30 June 2016

2,144

5.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

As at the year end, the company owed £118 (2016 - £118) to the director. No terms of repayment have been

set.

6.	ULTIMATE CONTROLLING PARTY

The controlling party is M J Smith.

7.	GOING CONCERN

The director, having considered the company's financial position and its cash flow, has a reasonable

expectation that the company has adequate resources to continue its operational existence for a period in excess

of twelve months and thus adopt the going concern basis in preparing the annual financial statements.

8.	FIRST YEAR ADOPTION

The policies applied under the entity's previous accounting framework are not materially different to FRS 102

and have not impacted on equity or profit or loss.