Westgate Sports Agency Limited - Abbreviated accounts 16.3

Westgate Sports Agency Limited - Abbreviated accounts 16.3


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REGISTERED NUMBER: 02615831(England and Wales)















WESTGATE SPORTS AGENCY LIMITED

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 30 JUNE 2016






WESTGATE SPORTS AGENCY LIMITED (REGISTERED NUMBER: 02615831)

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

WESTGATE SPORTS AGENCY LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 JUNE 2016







DIRECTOR: R D Cole





SECRETARY: D Judd





REGISTERED OFFICE: Nevern
5 Y Parc
Groesfaen
Pontyclun
Mid Glamorgan
CF72 8NP





REGISTERED NUMBER: 02615831(England and Wales)





ACCOUNTANTS: Watts Gregory LLP
Chartered Accountants
Elfed House
Oak Tree Court
Cardiff Gate Business Park
CARDIFF
County of Cardiff
CF23 8RS

WESTGATE SPORTS AGENCY LIMITED (REGISTERED NUMBER: 02615831)

ABBREVIATED BALANCE SHEET
30 JUNE 2016

2016 2015
Notes £    £   
FIXED ASSETS
Tangible assets 2 3,163 6,284
Investments 3 100 100
3,263 6,384

CURRENT ASSETS
Debtors 4 62,535 50,929
Cash at bank 5,789 53
68,324 50,982
CREDITORS
Amounts falling due within one year 5 (32,738 ) (56,740 )
NET CURRENT ASSETS/(LIABILITIES) 35,586 (5,758 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

38,849

626

PROVISIONS FOR LIABILITIES - (145 )
NET ASSETS 38,849 481

CAPITAL AND RESERVES
Called up share capital 6 2 2
Profit and loss account 38,847 479
SHAREHOLDERS' FUNDS 38,849 481

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2016 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 for issue by the director on 31 March 2017and were signed by:





R D Cole- Director


WESTGATE SPORTS AGENCY LIMITED (REGISTERED NUMBER: 02615831)

NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 30 JUNE 2016


1. ACCOUNTING POLICIES

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 January 2015).

Turnover
Turnover represents net invoiced sales of sports news reporting services, 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.

Fixtures and fittings - 25% on cost and 15% on cost
Motor vehicles - 15% 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.

Deferred tax assets are recognised only to the extent that the director considers that it is more likely than not
there will be suitable taxable profits from which the future reversal of the underlying timing differences can be
deducted.

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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to the profit and loss account on a straight line basis over the
period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's
pension scheme are charged to the profit and loss account in the period to which they relate.

Investments
Fixed asset investments are stated at cost less provision for permanent diminution in value.

2. TANGIBLE FIXED ASSETS
Total
£   
COST
At 1 July 2015
and 30 June 2016 31,446
DEPRECIATION
At 1 July 2015 25,162
Charge for year 3,121
At 30 June 2016 28,283
NET BOOK VALUE
At 30 June 2016 3,163
At 30 June 2015 6,284

WESTGATE SPORTS AGENCY LIMITED (REGISTERED NUMBER: 02615831)

NOTES TO THE ABBREVIATED ACCOUNTS - continued
FOR THE YEAR ENDED 30 JUNE 2016


3. FIXED ASSET INVESTMENTS
Investments
other
than
loans
£   
COST
At 1 July 2015
and 30 June 2016 100
NET BOOK VALUE
At 30 June 2016 100
At 30 June 2015 100

4. DEBTORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

The aggregate total of debtors falling due after more than one year is £ 4,499 (2015 - £ 4,499 )

5. CREDITORS

Creditors include an amount of £ 0 (2015 - £ 27,185 ) for which security has been given.

6. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2016 2015
value: £    £   
2 Ordinary £1 2 2

7. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30 June 2016 and
30 June 2015:

2016 2015
£    £   
R D Cole
Balance outstanding at start of year 17,994 8,613
Amounts advanced 37,714 37,591
Amounts repaid (37,800 ) (28,210 )
Balance outstanding at end of year 17,908 17,994

Interest was charged at a commercial rate in the year ended 30 June 2016 and 30 June 2015 . There are no
fixed terms for repayment of the loan.