Real Snowsports Limited - Accounts to registrar (filleted) - small 18.1

REGISTERED NUMBER: 09036228 (England and Wales)

Unaudited Financial Statements For The Year Ended 31st May 2018

for

Real Snowsports Limited

T/A

Real Snowboarding

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTOR:

M F Parker

REGISTERED OFFICE:

106 Charter Avenue

Ilford

Essex

IG2 7AD

REGISTERED NUMBER:

09036228 (England and Wales)

ACCOUNTANTS:

Fredericks Limited

Chartered Accountants

106 Charter Avenue

Ilford

Essex

IG2 7AD

FIXED ASSETS

Tangible assets

4

23

1,174

CURRENT ASSETS

Debtors

5

718

-

Cash at bank

16,451

13,625

17,169

13,625

CREDITORS

Amounts falling due within one year

6

17,554

15,393

NET CURRENT LIABILITIES

(385

)

(1,768

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(362

)

(594

)

CREDITORS

Amounts falling due after more than one year

7

2

2

NET LIABILITIES

(364

)

(596

)

CAPITAL AND RESERVES

Called up share capital

2

2

Retained earnings

(366

)

(598

)

SHAREHOLDERS' FUNDS

(364

)

(596

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st May 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st May 2018 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 13th August 2018 and were signed by:

M F Parker - Director

1.	STATUTORY INFORMATION

Real Snowsports 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.

The presentation currency of the financial statements is the Pound Sterling (£).

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.

Tangible fixed assets

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

Computer equipment

-

33% 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 statement of financial position date.

Deferred tax

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

statement of financial position 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 2 (2017 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Computer

equipment

£

COST

At 1st June 2017

and 31st May 2018

3,455

DEPRECIATION

At 1st June 2017

2,281

Charge for year

1,151

At 31st May 2018

3,432

NET BOOK VALUE

At 31st May 2018

23

At 31st May 2017

1,174

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.5.18

31.5.17

£

£

Prepayments

718

-

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.5.18

31.5.17

£

£

Tax

324

1,979

Other creditors

16,270

-

Directors' current accounts

-

12,604

Accrued expenses

960

810

17,554

15,393

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.5.18

31.5.17

£

£

Preference shares

2

2

Amounts falling due in more than five years:

Repayable otherwise than by instalments

Preference shares

2

2

8.	RELATED PARTY DISCLOSURES

During the year B C Parker, a son of the director, invoiced the company as a freelance instructor in the sum of

£16,340. At the year end date, £7,069 was owed to B C Parker.

There was no ultimate controlling party.