Sportform Limited - Accounts to registrar (filleted) - small 18.2

Sportform Limited - Accounts to registrar (filleted) - small 18.2


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REGISTERED NUMBER: 03596416 (England and Wales)















Financial Statements for the Year Ended 31 July 2020

for

Sportform Limited

Sportform Limited (Registered number: 03596416)






Contents of the Financial Statements
for the Year Ended 31 July 2020




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


Sportform Limited


Company Information
for the Year Ended 31 July 2020







DIRECTOR: G Nutting





SECRETARY: H E Armitage





REGISTERED OFFICE: Foresters Hall
25/27 Westow Street
London
SE19 3RY





REGISTERED NUMBER: 03596416 (England and Wales)





ACCOUNTANTS: Gibsons Financial Limited
Chartered Accountants
Foresters Hall
25/27 Westow Street
Upper Norwood
London
SE19 3RY

Sportform Limited (Registered number: 03596416)


Abridged Balance Sheet
31 July 2020

31/7/20 31/7/19
Notes £ £
FIXED ASSETS
Tangible assets 4 824 1,099

CURRENT ASSETS
Debtors 11,643 1,850
Cash at bank 193 -
11,836 1,850
CREDITORS
Amounts falling due within one year (3,292 ) (2,556 )
NET CURRENT ASSETS/(LIABILITIES) 8,544 (706 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

9,368

393

CREDITORS
Amounts falling due after more than one
year

(9,000

)

-
NET ASSETS 368 393

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 367 392
SHAREHOLDERS' FUNDS 368 393

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2020.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2020 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.

Sportform Limited (Registered number: 03596416)


Abridged Balance Sheet - continued
31 July 2020


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31 July 2020 in accordance with Section 444(2A) of the Companies Act 2006.

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 and authorised for issue on 30 April 2021 and were signed by:





G Nutting - Director


Sportform Limited (Registered number: 03596416)


Notes to the Financial Statements
for the Year Ended 31 July 2020

1. STATUTORY INFORMATION

Sportform 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.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" 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 - 25% on reducing balance

Government grants
Responding to the COVID-19 coronavirus pandemic, the government in March 2020 introduced a wage subsidy programme for businesses that had to furlough their staff. Like many other companies, Sportform Limited also made application for the grants. These grants have been recognised in the profit and loss account under the heading other operational income.

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 balance sheet date.


Sportform Limited (Registered number: 03596416)


Notes to the Financial Statements - continued
for the Year Ended 31 July 2020

2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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 1 (2019 - 1 ) .

4. TANGIBLE FIXED ASSETS
Totals
£
COST
At 1 August 2019
and 31 July 2020 8,652
DEPRECIATION
At 1 August 2019 7,553
Charge for year 275
At 31 July 2020 7,828
NET BOOK VALUE
At 31 July 2020 824
At 31 July 2019 1,099

5. ULTIMATE CONTROLLING PARTY

The controlling party is G Nutting.