Sport in (Wales) Limited - Limited company - abbreviated - 11.6

REGISTERED NUMBER: 07943738 (England and Wales)

SPORT IN (WALES) LIMITED

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 30 JUNE 2014

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTOR:

R D Cole

SECRETARY:

D Judd

REGISTERED OFFICE:

Nevern

5 Y-Parc

Groesfaen

Pontyclun

CF82 8NP

REGISTERED NUMBER:

07943738 (England and Wales)

ACCOUNTANTS:

Watts Gregory LLP

Chartered Accountants

Elfed House

Oak Tree Court

Cardiff Gate Business Park

CARDIFF

County of Cardiff

CF23 8RS

FIXED ASSETS

Tangible assets

2

-

12,847

CURRENT ASSETS

Debtors

1,162

543

Cash at bank

-

2

1,162

545

CREDITORS

Amounts falling due within one year

(16,380

)

(3,207

)

NET CURRENT LIABILITIES

(15,218

)

(2,662

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(15,218

)

10,185

CREDITORS

Amounts falling due after more than one year

-

(14,303

)

NET LIABILITIES

(15,218

)

(4,118

)

CAPITAL AND RESERVES

Called up share capital

3

1

1

Profit and loss account

(15,219

)

(4,119

)

SHAREHOLDERS' FUNDS

(15,218

)

(4,118

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2014.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2014 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 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 director on 26 March 2015 and were signed by:

R D Cole - Director

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).

Going concern

At 30 June 2014 the company had net liabilities of £15,218 and ceased trading on 15 October 2014. The

director has reviewed the value of the assets and liabilities as stated in the Balance Sheet and no adjustments

are considered necessary.

Turnover

Turnover represents amounts invoiced in respect of services supplied during the year, excluding value added

tax.

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

-

33.33% on cost

Deferred tax

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

balance sheet date.

Deferred tax assets are recognised only to the extent that the director considers that it is more likely than not

there will be suitable taxable profits from which the future reversal of the underlying timing differences can be

deducted.

Government grants

Government grants in respect of capital expenditure are treated as deferred income and released to the profit

and loss account over the life of the assets to which they relate.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 July 2013

and 30 June 2014

18,500

DEPRECIATION

At 1 July 2013

5,653

Charge for year

12,847

At 30 June 2014

18,500

NET BOOK VALUE

At 30 June 2014

-

At 30 June 2013

12,847

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2014

2013

value:

£

£

1

Ordinary

£1

1

1