Principal Sports Management Limited - Abbreviated accounts 16.1
Principal Sports Management Limited - Abbreviated accounts 16.1
REGISTERED NUMBER: |
Abbreviated Unaudited Accounts for the Year Ended 30 June 2016 |
for |
Principal Sports Management Limited |
Principal Sports Management Limited (Registered number: 08555222) |
Contents of the Abbreviated Accounts |
for the Year Ended 30 June 2016 |
Page |
Company Information | 1 |
Abbreviated Balance Sheet | 2 |
Notes to the Abbreviated Accounts | 3 |
Principal Sports Management Limited |
Company Information |
for the Year Ended 30 June 2016 |
DIRECTORS: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
Principal Sports Management Limited (Registered number: 08555222) |
Abbreviated Balance Sheet |
30 June 2016 |
30.6.16 | 30.6.15 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 2 |
CURRENT ASSETS |
Debtors |
Prepayments and accrued income |
Cash at bank |
CREDITORS |
Amounts falling due within one year |
NET CURRENT LIABILITIES | ( |
) | ( |
) |
TOTAL ASSETS LESS CURRENT LIABILITIES |
( |
) |
( |
) |
CAPITAL AND RESERVES |
Called up share capital | 3 |
Retained earnings | ( |
) | ( |
) |
SHAREHOLDERS' FUNDS | ( |
) | ( |
) |
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 financial statements were approved by the Board of Directors on |
Principal Sports Management Limited (Registered number: 08555222) |
Notes to the Abbreviated Accounts |
for the Year Ended 30 June 2016 |
1. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
These financial statements have been prepared in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015) and the Companies Act 2006. The financial statements have been prepared under the historical cost convention. |
The accounts are prepared on the going concern basis. |
Turnover |
Turnover represents net invoiced sales of services, excluding value added tax. |
Turnover represents the supply of services and is recognised when the company obtains the right to consideration. |
Tangible fixed assets |
Fixed assets are stated at cost less depreciation. Depreciation is provided at the following annual rates in order to write off |
each asset over its useful life: |
Office equipment - 33% on cost |
Deferred tax |
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date. |
Foreign currencies |
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet |
date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. |
Exchange differences are taken into account in arriving at the operating result. |
2. | TANGIBLE FIXED ASSETS |
Total |
£ |
COST |
At 1 July 2015 |
Additions |
At 30 June 2016 |
DEPRECIATION |
At 1 July 2015 |
Charge for year |
At 30 June 2016 |
NET BOOK VALUE |
At 30 June 2016 |
At 30 June 2015 |
Principal Sports Management Limited (Registered number: 08555222) |
Notes to the Abbreviated Accounts - continued |
for the Year Ended 30 June 2016 |
3. | CALLED UP SHARE CAPITAL |
Allotted, issued and fully paid: |
Number: | Class: | Nominal | 30.6.16 | 30.6.15 |
value: | £ | £ |
Ordinary | £1 |