SportArts4All Limited - Period Ending 2014-03-31

Registration number: 07155563

SportArts4All Limited

Unaudited Abbreviated Accounts

for the Year Ended 31 March 2014
 

Thandi & Co
Suite A
7 Harmer Street
Gravesend
Kent
DA12 2AP

SportArts4All Limited
Contents

Accountants' Report 1

Abbreviated Balance Sheet 2

Notes to the Abbreviated Accounts 3

The following reproduces the text of the accountants' report in respect of the company's annual financial statements, from which the abbreviated accounts (set out on pages 2 to 3) have been prepared.

Accountants' Report to the Director on the Preparation of the Unaudited Statutory Accounts of
SportArts4All Limited
for the Year Ended 31 March 2014

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of SportArts4All Limited for the year ended 31 March 2014 set out on pages from the company's accounting records and from information and explanations you have given us.

It is your duty to ensure that SportArts4All Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of SportArts4All Limited. You consider that SportArts4All Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the accounts of SportArts4All Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.

......................................

Thandi & Co
Suite A
7 Harmer Street
Gravesend
Kent
DA12 2AP

30 December 2014

Page 1

SportArts4All Limited
(Registration number: 07155563)
Abbreviated Balance Sheet at 31 March 2014

		Note			2014 £			2013 £
Current assets
Debtors					16,210			8,346
Creditors: Amounts falling due within one year					(25,592)			(17,752)
Net liabilities					(9,382)			(9,406)
Capital and reserves
Called up share capital		2			1			1
Profit and loss account					(9,383)			(9,407)
Shareholders' deficit					(9,382)			(9,406)

For the year ending 31 March 2014 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime .

Approved by the director on 30 December 2014

.........................................
Mr Inderjit Singh Sandhu
Director

The notes on page 3 form an integral part of these financial statements.
Page 2

SportArts4All Limited
Notes to the Abbreviated Accounts for the Year Ended 31 March 2014
......... continued

1	Accounting policies

Basis of preparation

The full financial statements, from which these abbreviated accounts have been extracted, 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 amounts chargeable in respect of the sale of goods and services to customers.

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Where shares are issued, any component that creates a financial liability of the company is presented as a liability in the balance sheet. The corresponding dividends relating to the liability component are charged as interest expense in the profit and loss account.

2	Share capital

Allotted, called up and fully paid shares

	2014						2013
		No.			£			No.			£
Ordinary Shares of £1 each		1			1			1			1

Page 3