Abbreviated Company Accounts - GR8 SPORTS LTD

07941326 GR8 SPORTS LTD 2014-02-28 false 2013-03-01 2014-02-28 true 07941326 2013-03-01 2014-02-28 07941326 2014-02-28 07941326 2013-02-28 07941326 uk-gaap-cd-bus:Director1 2013-03-01 2014-02-28 07941326 uk-gaap-cd-bus:Director2 2013-03-01 2014-02-28 uk-gaap-cd-bus:OrdinaryShareClass1 2013-03-01 2014-02-28 uk-gaap-cd-bus:OrdinaryShareClass1 2014-02-28 uk-gaap-cd-bus:OrdinaryShareClass1 2013-02-28 iso4217:GBP shares

Registered Number 07941326

GR8 SPORTS LTD

Abbreviated Accounts

28 February 2014

GR8 SPORTS LTD Registered Number 07941326

Abbreviated Balance Sheet as at 28 February 2014

	Notes	2014	2013
		£	£
Fixed assets
Tangible assets	2	3,820	3,916
		3,820	3,916
Current assets
Stocks		11,800	4,750
Debtors		15,914	9,312
Cash at bank and in hand		3,189	1,910
		30,903	15,972
Creditors: amounts falling due within one year		(28,791)	(13,966)
Net current assets (liabilities)		2,112	2,006
Total assets less current liabilities		5,932	5,922
Total net assets (liabilities)		5,932	5,922
Capital and reserves
Called up share capital	3	2	2
Profit and loss account		5,930	5,920
Shareholders' funds		5,932	5,922

For the year ending 28 February 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 10 September 2014

And signed on their behalf by:
NICHOLA MARR, Director

GR8 SPORTS LTD Registered Number 07941326

Notes to the Abbreviated Accounts for the period ended 28 February 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 the assets over their estimated useful lives.
Plant and machinery - 25% reducing balance

2Tangible fixed assets

	£
Cost
At 1 March 2013	5,221
Additions	1,177
Disposals	-
Revaluations	-
Transfers	-
At 28 February 2014	6,398
Depreciation
At 1 March 2013	1,305
Charge for the year	1,273
On disposals	-
At 28 February 2014	2,578
Net book values
At 28 February 2014	3,820
At 28 February 2013	3,916

3Called Up Share Capital
Allotted, called up and fully paid:

	2014 £	2013 £
2 Ordinary shares of £1 each	2	2