JAC Sport Limited - Accounts to registrar (filleted) - small 18.1

REGISTERED NUMBER: 07783800 (England and Wales)

Unaudited Financial Statements for the Year Ended 30 September 2017

for

JAC Sport Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

Mr J Cundy

REGISTERED OFFICE:

Unit 1 Ashton Farm

4 High Street

Braithwell

Rotherham

South Yorkshire

S66 7AL

REGISTERED NUMBER:

07783800 (England and Wales)

FIXED ASSETS

Tangible assets

4

1,451

2,433

CURRENT ASSETS

Debtors

5

41

41

Cash at bank

62

745

103

786

CREDITORS

Amounts falling due within one year

6

12,870

9,979

NET CURRENT LIABILITIES

(12,767

)

(9,193

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(11,316

)

(6,760

)

CAPITAL AND RESERVES

Called up share capital

7

2

2

Retained earnings

8

(11,318

)

(6,762

)

SHAREHOLDERS' FUNDS

(11,316

)

(6,760

)

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 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 8 June 2018 and were signed by:

Mr J Cundy - Director

1.	STATUTORY INFORMATION

JAC Sport 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 represents net invoices sales of goods and services, excluding value added tax.

Tangible fixed assets

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

Plant and machinery etc

-

25% on cost and 20% on cost

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.

Going concern

At the year end the company had net liabilities of £11,316 (2016: £6,760). However, the director confirmed that

it remains appropriate to prepare the accounts on a going concern basis due to the continued financial support

from the company's creditors.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL.

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 October 2016

and 30 September 2017

7,954

DEPRECIATION

At 1 October 2016

5,521

Charge for year

982

At 30 September 2017

6,503

NET BOOK VALUE

At 30 September 2017

1,451

At 30 September 2016

2,433

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.9.17

30.9.16

£

£

Other debtors

41

41

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.9.17

30.9.16

£

£

Trade creditors

72

72

Taxation and social security

427

123

Other creditors

12,371

9,784

12,870

9,979

7.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30.9.17

30.9.16

value:

£

£

2

Ordinary

£1

2

2

8.

RESERVES

Retained

earnings

£

At 1 October 2016

(6,762

)

Deficit for the year

(4,556

)

At 30 September 2017

(11,318

)

9.	ULTIMATE CONTROLLING PARTY

The company is controlled by it's directors.