Company Registration No. 6398496 (England and Wales)
Basketball World News Limited
Unaudited accounts
for the year ended 31 March 2017
Basketball World News Limited
Unaudited accounts
Contents
Basketball World News Limited
Company Information
for the year ended 31 March 2017
Company Number
6398496 (England and Wales)
Registered Office
The Kennels
North Cave Road
Hotham
East Yorkshire
YO43 4UN
England
Accountants
Campbell and Stenton Accountancy
67 High Street
Bentley
Doncaster
South Yorkshire
DN5 0AA
Basketball World News Limited
Statement of financial position
as at 31 March 2017
Tangible assets
1,787
2,253
Cash at bank and in hand
2,153
1,844
Creditors: amounts falling due within one year
(8,014)
(9,091)
Net current liabilities
(5,861)
(7,247)
Net liabilities
(4,074)
(4,994)
Called up share capital
100
100
Profit and loss account
(4,174)
(5,094)
Shareholders' funds
(4,074)
(4,994)
For the year ending 31 March 2017 the company was entitled to exemption from audit 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 director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
The members have agreed to the preparation of abridged accounts for the year in accordance with Section 444(2A).
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
Approved by the Board on 22 December 2017.
Jeffrey Taylor
Director
Company Registration No. 6398496
Basketball World News Limited
Notes to the Accounts
for the year ended 31 March 2017
Basketball World News Limited is a private company, limited by shares, registered in England and Wales, registration number 6398496. The registered office is The Kennels, North Cave Road, Hotham, East Yorkshire, YO43 4UN, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
These financial statements for the year ended 31 March 2017 are the first financial statements that comply with FRS 102 Section 1A Small Entities. The date of transition is 1 April 2015.
The transition to FRS 102 Section 1A Small Entities has resulted in a small number of changes in accounting policies to those used previously.
The nature of these changes and their impact on opening equity and profit for the comparative period are explained in the notes below.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
25% reducing balance
Computer equipment
15% reducing balance
4
Tangible fixed assets
Total
5
Average number of employees
During the year the average number of employees was 0 (2016: 0).