Sports Branding Limited - Period Ending 2014-12-31

Registration number: 08613790

Sports Branding Limited

Unaudited Abbreviated Accounts

for the Period from 17 July 2013 to 31 December 2014

 

D C Accounting Solutions Ltd
Heron House
39 - 41 Higher Bents Lane
Bredbury
Stockport
Cheshire
SK6 1EE

Sports Branding Limited
Contents

Accountants' Report 1

Abbreviated Balance Sheet 2 to 3

Notes to the Abbreviated Accounts 4 to 5

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 5) have been prepared.

Chartered Accountants' Report to the Board of Directors on the Preparation of the Unaudited Statutory Accounts of
Sports Branding Limited
for the Period Ended 31 December 2014

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

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at icaew.com/membershandbook.

This report is made solely to the Board of Directors of Sports Branding Limited, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of Sports Branding Limited and state those matters that we have agreed to state to them, as a body, in this report in accordance with AAF 2/10 as detailed at icaew.com/compilation. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Sports Branding Limited and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that Sports Branding 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 Sports Branding Limited. You consider that Sports Branding Limited is exempt from the statutory audit requirement for the period.

We have not been instructed to carry out an audit or a review of the accounts of Sports Branding 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.

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

D C Accounting Solutions Ltd
Heron House
39 - 41 Higher Bents Lane
Bredbury
Stockport
Cheshire
SK6 1EE

12 January 2015

Page 1

Sports Branding Limited
(Registration number: 08613790)
Abbreviated Balance Sheet at 31 December 2014

		Note			31 December 2014 £
Fixed assets
Investments					219,670
Current assets
Cash at bank and in hand					27
Creditors: Amounts falling due within one year					(88,425)
Net current liabilities					(88,398)
Total assets less current liabilities					131,272
Creditors: Amounts falling due after more than one year					(123,924)
Net assets					7,348
Capital and reserves
Profit and loss account					7,348
Shareholders' funds					7,348

For the year ending 31 December 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 directors acknowledge their 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 Board on 6 January 2015 and signed on its behalf by:

.........................................
Mr Peter Anthony Gleeson
Director

The notes on pages 4 to 5 form an integral part of these financial statements.
Page 2

Sports Branding Limited
(Registration number: 08613790)
Abbreviated Balance Sheet at 31 December 2014
......... continued

.........................................
Mr Glyn Andrew Winterbottom
Company secretary and director

The notes on pages 4 to 5 form an integral part of these financial statements.
Page 3

Sports Branding Limited
Notes to the Abbreviated Accounts for the Period from 17 July 2013 to 31 December 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.

Fixed asset investments

Fixed asset investments are stated at historical cost less provision for any diminution in value.

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	Fixed assets

		Investments £			Total £
Cost
Additions		219,670			219,670
At 31 December 2014		219,670			219,670
Depreciation
At 31 December 2014		-			-
Net book value
At 31 December 2014		219,670			219,670

Details of undertakings

Details of the investments in which the company holds 20% or more of the nominal value of any class of share capital are as follows:

Page 4

Sports Branding Limited
Notes to the Abbreviated Accounts for the Period from 17 July 2013 to 31 December 2014
......... continued

Undertaking

Holding

Proportion of voting rights and shares held

Principal activity

Subsidiary undertakings
Elms Marketing Limited	Ordinary shares	100%	The branding of sportswear and the wholesale and decoration of garments.

3	Share capital

Allotted, called up and fully paid shares

	31 December 2014
		No.			£
Ordinary shares of £1 each		2			2

Page 5