Abbreviated Company Accounts - STASPORTS (LISCOMBE) LIMITED

Abbreviated Company Accounts - STASPORTS (LISCOMBE) LIMITED

STASPORTS (LISCOMBE) LIMITED - Company Information

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Registered Number 07172502

STASPORTS (LISCOMBE) LIMITED

Abbreviated Accounts

31 March 2016

STASPORTS (LISCOMBE) LIMITED Registered Number 07172502

Abbreviated Balance Sheet as at 31 March 2016

Notes 2016 2015
£ £
Called up share capital not paid - -
Fixed assets
Intangible assets - -
Tangible assets - -
Investments 2 75,000 75,000
75,000 75,000
Current assets
Stocks - -
Debtors - -
Investments - -
Cash at bank and in hand 106 106
106 106
Net current assets (liabilities) 106 106
Total assets less current liabilities 75,106 75,106
Creditors: amounts falling due after more than one year (120,495) (120,495)
Total net assets (liabilities) (45,389) (45,389)
Capital and reserves
Called up share capital 3 200 200
Share premium account 49,900 49,900
Profit and loss account (95,489) (95,489)
Shareholders' funds (45,389) (45,389)
  • For the year ending 31 March 2016 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 8 December 2016

And signed on their behalf by:
Mr J Spaticchia, Director

STASPORTS (LISCOMBE) LIMITED Registered Number 07172502

Notes to the Abbreviated Accounts for the period ended 31 March 2016

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
Revenue is recognised to the extent that the company obtains the right to consideration in exchange for its performance. Revenue is measured at the fair value of the consideration receivable, excluding discounts, rebates, VAT and other sales taxes or duty.

Tangible assets depreciation policy
Depreciation is provided on all tangible fixed assets at rates calculated to write off the cost of each asset evenly over its expected useful life, as follows:
Plant & equipment over 5-10 years
Gym equipment over 3 years
Fixtures & fittings over 5-10 years
Computer & office equipment over 3 years

Intangible assets amortisation policy
Costs incurred in registering trademarks and acquiring other intangible assets are capitalised and amortised over their useful economic lives.

Other accounting policies
GOING CONCERN
The financial statements have been prepared under the going concern concept. This is based on the assumption that the company continues to have the full support of Energy Global Brand Management Limited in the foreseeable future.

2Fixed assets Investments
On 3 September 2013 the company sold its trade and assets as a going concern to Djuric & Co Limited in exchange for a £75,000 loan note.

3Called Up Share Capital

Allotted, called up and fully paid:
200 ordinary shares of £1 each