SportsFrame Limited - Limited company - abbreviated - 11.6

SportsFrame Limited - Limited company - abbreviated - 11.6

SPORTSFRAME LIMITED - Company Information

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REGISTERED NUMBER: 04698738 (England and Wales)




















Abbreviated Unaudited Accounts

for the Year Ended 31 March 2014

for

SportsFrame Limited

SportsFrame Limited (Registered number: 04698738)






Contents of the Abbreviated Accounts
for the Year Ended 31 March 2014




Page

Company Information 1

Abbreviated Balance Sheet 2

Notes to the Abbreviated Accounts 4

SportsFrame Limited

Company Information
for the Year Ended 31 March 2014







DIRECTORS: A Gascoigne
L Gascoigne





REGISTERED OFFICE: 5 Nene Court
The Embankment
Wellingborough
Northamptonshire
NN8 1LD





REGISTERED NUMBER: 04698738 (England and Wales)





ACCOUNTANTS: Blue Cube Business Ltd
10 Cheyne Walk
Northampton
Northamptonshire
NN1 5PT
Page 1
SportsFrame Limited (Registered number: 04698738)

Abbreviated Balance Sheet
31 March 2014

2014 2013
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 2 6,525 7,250
Tangible assets 3 18,060 19,967
24,585 27,217

CURRENT ASSETS
Stocks 17,737 19,399
Debtors 65,833 70,761
Cash at bank and in hand 30,938 17,970
114,508 108,130
CREDITORS
Amounts falling due within one year 72,460 80,249
NET CURRENT ASSETS 42,048 27,881
TOTAL ASSETS LESS CURRENT
LIABILITIES
66,633
55,098

CREDITORS
Amounts falling due after more than one
year
(54,505		 )
(41,990		 )

PROVISIONS FOR LIABILITIES (1,793 ) (3,131 )
NET ASSETS 10,335 9,977

The notes form part of these abbreviated accounts

Page 2 continued...
SportsFrame Limited (Registered number: 04698738)

Abbreviated Balance Sheet - continued
31 March 2014

2014 2013
Notes £    £    £    £   
CAPITAL AND RESERVES
Called up share capital 4 5,060 5,060
Profit and loss account 5,275 4,917
SHAREHOLDERS' FUNDS 10,335 9,977

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2014.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2014 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.


The financial statements were approved by the Board of Directors on 19 December 2014 and were signed on its
behalf by:





A Gascoigne - Director


The notes form part of these abbreviated accounts

Page 3
SportsFrame Limited (Registered number: 04698738)

Notes to the Abbreviated Accounts
for the Year Ended 31 March 2014

1. ACCOUNTING POLICIES

Accounting convention
The financial statements have been prepared under the historical cost convention and in accordance with the
Financial Reporting Standard for Smaller Entities (effective April 2008).

Turnover
Turnover represents net invoiced sales of goods, excluding value added tax.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2003, is being amortised evenly over its estimated useful life of twenty years.

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 - 20% on cost and 15% on cost

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

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the
balance sheet date.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to the profit and loss account on a straight line basis over the
period of the lease.

Page 4 continued...
SportsFrame Limited (Registered number: 04698738)

Notes to the Abbreviated Accounts - continued
for the Year Ended 31 March 2014

2. INTANGIBLE FIXED ASSETS
Total
£   
COST
At 1 April 2013
and 31 March 2014 14,500
AMORTISATION
At 1 April 2013 7,250
Amortisation for year 725
At 31 March 2014 7,975
NET BOOK VALUE

At 31 March 2014 6,525
At 31 March 2013 7,250

3. TANGIBLE FIXED ASSETS
Total
£   
COST
At 1 April 2013 82,778
Additions 2,590
At 31 March 2014 85,368
DEPRECIATION
At 1 April 2013 62,811
Charge for year 4,497
At 31 March 2014 67,308
NET BOOK VALUE
At 31 March 2014 18,060
At 31 March 2013 19,967

Page 5 continued...
SportsFrame Limited (Registered number: 04698738)

Notes to the Abbreviated Accounts - continued
for the Year Ended 31 March 2014

4. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2014 2013
value: £    £   
100 Ordinary £1 5,060 5,060

Page 6