Abbreviated Company Accounts - ACTION SPORTS DISTRIBUTION LIMITED

Abbreviated Company Accounts - ACTION SPORTS DISTRIBUTION LIMITED


Registered Number 07333062

ACTION SPORTS DISTRIBUTION LIMITED

Abbreviated Accounts

30 September 2014

ACTION SPORTS DISTRIBUTION LIMITED Registered Number 07333062

Abbreviated Balance Sheet as at 30 September 2014

Notes 2014 2013
£ £
Fixed assets
Tangible assets 2 2,139 3,660
2,139 3,660
Current assets
Stocks 14,407 23,195
Debtors 31,172 10,311
Cash at bank and in hand 40,930 29,945
86,509 63,451
Creditors: amounts falling due within one year (54,735) (56,524)
Net current assets (liabilities) 31,774 6,927
Total assets less current liabilities 33,913 10,587
Total net assets (liabilities) 33,913 10,587
Capital and reserves
Called up share capital 3 100 100
Profit and loss account 33,813 10,487
Shareholders' funds 33,913 10,587
  • For the year ending 30 September 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 25 February 2015

And signed on their behalf by:
Mr R Muscutt, Director

ACTION SPORTS DISTRIBUTION LIMITED Registered Number 07333062

Notes to the Abbreviated Accounts for the period ended 30 September 2014

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities effective April 2008.

Turnover policy
Turnover represents the value, net of value added tax and discounts, of goods provided to customers and work carried out in respect of services provided to customers.

Tangible assets depreciation policy
Depreciation has been provided at the following rates in order to write off assets over their estimated useful lives.
Plant and machinery 20% straight line

Other accounting policies
Transactions with the directors
Included within creditors due within a year is an amount owed to the director totalling £36,005 (2013 - £45,635).

2Tangible fixed assets
£
Cost
At 1 October 2013 7,606
Additions -
Disposals -
Revaluations -
Transfers -
At 30 September 2014 7,606
Depreciation
At 1 October 2013 3,946
Charge for the year 1,521
On disposals -
At 30 September 2014 5,467
Net book values
At 30 September 2014 2,139
At 30 September 2013 3,660
3Called Up Share Capital
Allotted, called up and fully paid:
2014
£
2013
£
100Ordinary shares of £1 each 100 100