Schools of Sport Ltd - Limited company - abbreviated - 11.6

REGISTERED NUMBER: 07930623 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 31 OCTOBER 2014

FOR

SCHOOLS OF SPORT LTD

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTORS:

Mr B G M Prior

Mr D S Radnor

REGISTERED OFFICE:

Stone End

Badger Lane

Hinksey Hill

Oxford

OX1 5BL

REGISTERED NUMBER:

07930623 (England and Wales)

ACCOUNTANTS:

Bronsens

Chartered Certified Accountants

6 Langdale Court

Witney

Oxfordshire

OX28 6FG

FIXED ASSETS

Tangible assets

2

1,948

5,229

CURRENT ASSETS

Debtors

4,777

3,000

Cash at bank

20,878

5,316

25,655

8,316

CREDITORS

Amounts falling due within one year

69,007

37,393

NET CURRENT LIABILITIES

(43,352

)

(29,077

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(41,404

)

(23,848

)

CAPITAL AND RESERVES

Called up share capital

3

2

2

Profit and loss account

(41,406

)

(23,850

)

SHAREHOLDERS' FUNDS

(41,404

)

(23,848

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2014.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2014 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Board of Directors on 8 May 2015 and were signed on its behalf by:

Mr B G M Prior - Director

1.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The accounts have been prepared on the going concern basis on the understanding that the balance sheet deficit

is covered by amounts due to fellow group companies. Furthermore the director Mr B G M Prior has provided

assurances that he will continue to support the company via the parent company.

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).

Related party exemption

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 8 Related

Party Disclosures, not to disclose related party transactions with wholly owned subsidiaries within the group.

Turnover

Turnover represents net invoiced sales of goods, 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.

Plant and machinery

-

Straight line over 3 years

Computer equipment

-

Straight line over 3 years

Deferred tax

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

sheet date.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 November 2013

and 31 October 2014

9,848

DEPRECIATION

At 1 November 2013

4,619

Charge for year

3,281

At 31 October 2014

7,900

NET BOOK VALUE

At 31 October 2014

1,948

At 31 October 2013

5,229

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.10.14

31.10.13

value:

£

£

2

Ordinary

1

2

2

4.	ULTIMATE PARENT COMPANY

Active Education Group Ltd is regarded by the directors as being the company's ultimate parent company.