Sport Pathways Limited - Limited company - abbreviated - 11.6

REGISTERED NUMBER: 07545722 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS FOR THE YEAR ENDED 28 FEBRUARY 2014

FOR

SPORT PATHWAYS LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

J M Hegarty

Sir R M Walker

A Fry

H J C Wells

SECRETARY:

J M Hegarty

REGISTERED OFFICE:

The Manor House

55 Main Street

South Hiendley

BARNSLEY

S72 9BS

REGISTERED NUMBER:

07545722 (England and Wales)

FIXED ASSETS

Investments

2

285,723

124,523

CURRENT ASSETS

Debtors

178,288

125,060

Cash at bank

26,130

-

204,418

125,060

CREDITORS

Amounts falling due within one year

39,055

31,983

NET CURRENT ASSETS

165,363

93,077

TOTAL ASSETS LESS CURRENT LIABILITIES

451,086

217,600

CREDITORS

Amounts falling due after more than one year

167,475

332,490

NET ASSETS/(LIABILITIES)

283,611

(114,890

)

CAPITAL AND RESERVES

Called up share capital

3

266,395

10,000

Share premium

170,433

-

Profit and loss account

(153,217

)

(124,890

)

SHAREHOLDERS' FUNDS

283,611

(114,890

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2014.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2014 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 17 October 2014 and were signed on its behalf by:

J M Hegarty - Director

Sir R M Walker - Director

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 April 2008).

Turnover

Turnover represents net invoiced sales of goods, excluding value added tax.

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

Rentals paid under operating leases are charged to the profit and loss account on a straight line basis over the

period of the lease.

2.	FIXED ASSET INVESTMENTS

Investments

other

than

loans

£

COST

Additions

61,200

At 28 February 2014

61,200

NET BOOK VALUE

At 28 February 2014

61,200

Investments (neither listed nor unlisted) were as follows:

2014

2013

£

£

Foreign Company Investment

224,523

124,523

3.	CALLED UP SHARE CAPITAL

Allotted and issued:

Number:

Class:

Nominal

2014

2013

value:

£

£

266,395

Share capital 1

£1

266,395

10,000

(2013 - 10,000 )

256,395 Ordinary shares of £1 were issued during the year for cash of £426,828.