Abbreviated Company Accounts - ACTION SPORTS DISTRIBUTION LIMITED

Abbreviated Company Accounts - ACTION SPORTS DISTRIBUTION LIMITED


Registered Number 07333062

ACTION SPORTS DISTRIBUTION LIMITED

Abbreviated Accounts

30 September 2015

ACTION SPORTS DISTRIBUTION LIMITED Registered Number 07333062

Abbreviated Balance Sheet as at 30 September 2015

Notes 2015 2014
£ £
Fixed assets
Tangible assets 2 1,343 2,139
1,343 2,139
Current assets
Stocks 19,988 14,407
Debtors 14,276 31,172
Cash at bank and in hand 34,972 40,930
69,236 86,509
Creditors: amounts falling due within one year (53,954) (54,735)
Net current assets (liabilities) 15,282 31,774
Total assets less current liabilities 16,625 33,913
Total net assets (liabilities) 16,625 33,913
Capital and reserves
Called up share capital 3 100 100
Profit and loss account 16,525 33,813
Shareholders' funds 16,625 33,913
  • For the year ending 30 September 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 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 15 June 2016

And signed on their behalf by:
Mr R Muscutt, Director

ACTION SPORTS DISTRIBUTION LIMITED Registered Number 07333062

Notes to the Abbreviated Accounts for the period ended 30 September 2015

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 20% straight line

Other accounting policies
Transactions with the directors
Included within creditors due within a year is an amount owed to the director totalling £43,691 (2014 - £36,005).

2Tangible fixed assets
£
Cost
At 1 October 2014 7,606
Additions 907
Disposals -
Revaluations -
Transfers -
At 30 September 2015 8,513
Depreciation
At 1 October 2014 5,467
Charge for the year 1,703
On disposals -
At 30 September 2015 7,170
Net book values
At 30 September 2015 1,343
At 30 September 2014 2,139
3Called Up Share Capital
Allotted, called up and fully paid:
2015
£
2014
£
100Ordinary shares of £1 each 100 100