Sport S Cool Limited - Period Ending 2015-12-31

Sport S Cool Limited - Period Ending 2015-12-31


Sport S Cool Limited 06742040 false true 2015-01-01 2015-12-31 2015-12-31 06742040 2015-01-01 2015-12-31 06742040 2015-12-31 06742040 uk-bus:OrdinaryShareClass1 2015-12-31 06742040 uk-bus:OrdinaryShareClass2 2015-12-31 06742040 uk-bus:Director1 2015-01-01 2015-12-31 06742040 uk-bus:OrdinaryShareClass1 2015-01-01 2015-12-31 06742040 uk-bus:OrdinaryShareClass2 2015-01-01 2015-12-31 06742040 uk-gaap:OfficeEquipment 2015-01-01 2015-12-31 06742040 2014-12-31 06742040 2014-12-31 06742040 uk-bus:OrdinaryShareClass1 2014-12-31 06742040 uk-bus:OrdinaryShareClass2 2014-12-31 iso4217:GBP xbrli:shares

Registration number: 06742040

Sport S Cool Limited

Unaudited Abbreviated Accounts

for the Year Ended 31 December 2015
 

 

Sport S Cool Limited
Contents

Abbreviated Balance Sheet

1

Notes to the Abbreviated Accounts

2 to 3

 

Sport S Cool Limited
(Registration number: 06742040)
Abbreviated Balance Sheet at 31 December 2015

   

Note

   

2015
£

   

2014
£

 

Fixed assets

 

             

Tangible fixed assets

 

   

104

   

139

 

Current assets

 

             

Debtors

 

   

19,879

   

14,736

 

Cash at bank and in hand

 

   

2,459

   

2,538

 
   

   

22,338

   

17,274

 

Creditors: Amounts falling due within one year

 

   

(21,930)

   

(16,770)

 

Net current assets

 

   

408

   

504

 

Total assets less current liabilities

 

   

512

   

643

 

Provisions for liabilities

 

   

(21)

   

(28)

 

Net assets

 

   

491

   

615

 

Capital and reserves

 

             

Called up share capital

 

3

   

200

   

200

 

Profit and loss account

 

   

291

   

415

 

Shareholders' funds

 

   

491

   

615

 

For the year ending 31 December 2015 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 director acknowledges his 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 director on 29 January 2016

.........................................
Mr A C E Preston
Director

The notes on pages 2 to 3 form an integral part of these financial statements.
Page 1

 

Sport S Cool Limited
Notes to the Abbreviated Accounts for the Year Ended 31 December 2015
......... 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 January 2015).

Turnover

Turnover represents amounts chargeable in respect of the sale of goods and services to customers.

Depreciation

Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows:

Asset class

Depreciation method and rate

Office equipment

25% reducing balance

Deferred tax

Deferred tax is recognised, without discounting, in respect of all timing differences between the treatment of certain items for taxation and accounting purposes, which have arisen but not reversed by the balance sheet date, except as required by the FRSSE. Deferred tax is measured at the rates that are expected to apply in the periods when the timing differences are expected to reverse, based on the tax rates and law enacted at the balance sheet date.

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.

 

Sport S Cool Limited
Notes to the Abbreviated Accounts for the Year Ended 31 December 2015
......... continued

2

Fixed assets

   

Tangible assets
£

   

Total
£

 

Cost

           

At 1 January 2015

 

330

   

330

 

At 31 December 2015

 

330

   

330

 

Depreciation

           

At 1 January 2015

 

191

   

191

 

Charge for the year

 

35

   

35

 

At 31 December 2015

 

226

   

226

 

Net book value

           

At 31 December 2015

 

104

   

104

 

At 31 December 2014

 

139

   

139

 

3

Share capital

Allotted, called up and fully paid shares

 

2015

2014

   

No.

   

£

   

No.

   

£

 

A Ordinary shares of £1 each

 

100

   

100

   

100

   

100

 

B Ordinary shares of £1 each

 

100

   

100

   

100

   

100

 
   

200

   

200

   

200

   

200