TL Sports Events Ltd - Limited company - abbreviated - 11.0.0

REGISTERED NUMBER: 04082757 (England and Wales)

TL SPORTS EVENTS LTD

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 31ST DECEMBER 2013

Page

Company Information

1

Abbreviated Balance Sheet

2

to

3

Notes to the Abbreviated Accounts

4

to

5

DIRECTORS:

Think PC Limited

L Holdaway

SECRETARY:

Mrs S J Holdaway

REGISTERED OFFICE:

20 Eversley Road

Bexhill-on-Sea

East Sussex

TN40 1HE

REGISTERED NUMBER:

04082757 (England and Wales)

ACCOUNTANTS:

Gibbons Mannington & Phipps

Chartered Accountants

20 Eversley Road

Bexhill-on-Sea

East Sussex

TN40 1HE

FIXED ASSETS

Tangible assets

2

7,146

9,402

CURRENT ASSETS

Stocks

5,000

5,000

Debtors

34,309

26,100

Cash at bank

21

960

39,330

32,060

CREDITORS

Amounts falling due within one year

62,652

33,961

NET CURRENT LIABILITIES

(23,322

)

(1,901

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(16,176

)

7,501

CREDITORS

Amounts falling due after more than one year

(2,363

)

(5,513

)

PROVISIONS FOR LIABILITIES

-

(1,880

)

NET (LIABILITIES)/ASSETS

(18,539

)

108

CAPITAL AND RESERVES

Called up share capital

3

1

1

Profit and loss account

(18,540

)

107

SHAREHOLDERS' FUNDS

(18,539

)

108

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st December 2013.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st December 2013 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 30th September 2014 and were signed on its behalf by:

L Holdaway - Director

1.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The accounts have been prepared on a going concern basis in accordance with the note to the

accounts.

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).

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 or, if held under a finance lease, over the lease term, whichever is the shorter.

Fixtures and fittings

-

20% on reducing balance

Motor vehicles

-

25% on reducing balance

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for

obsolete and slow moving items.

Deferred tax

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

at the balance sheet date.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance

sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives.

Those held under finance leases are depreciated over their estimated useful lives or the lease

term, whichever is the shorter.

The interest element of these obligations is charged to the profit and loss account over the

relevant period. The capital element of the future payments is treated as a liability.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1st January 2013

and 31st December 2013

17,104

DEPRECIATION

At 1st January 2013

7,702

Charge for year

2,256

At 31st December 2013

9,958

NET BOOK VALUE

At 31st December 2013

7,146

At 31st December 2012

9,402

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2013

2012

value:

£

£

1

Ordinary

£1

1

1

4.	ULTIMATE PARENT COMPANY

Think PC Limited is regarded by the directors as being the company's ultimate parent company.

5.	GOING CONCERN