Retriever Sports Limited - Accounts to registrar (filleted) - small 17.3

REGISTERED NUMBER: 01349952 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MAY 2017

FOR

RETRIEVER SPORTS LIMITED

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

I D Bennett

Mrs J C Bennett

Mrs G D Osborne

Mrs H K Pope

M D Bennett

SECRETARY:

Mrs H K Pope

REGISTERED OFFICE:

Retriever House

Albion Close

Petersfield Avenue

Slough

SL2 5DU

REGISTERED NUMBER:

01349952 (England and Wales)

ACCOUNTANTS:

Knight & Company

Chartered Certified Accountants

11 Castle Hill

Maidenhead

Berkshire

SL6 4AA

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

1,841,013

1,753,183

1,841,013

1,753,183

CURRENT ASSETS

Stocks

443,637

389,774

Debtors

335,896

404,486

Cash at bank and in hand

628,033

575,168

1,407,566

1,369,428

CREDITORS

Amounts falling due within one year

544,625

615,494

NET CURRENT ASSETS

862,941

753,934

TOTAL ASSETS LESS CURRENT LIABILITIES

2,703,954

2,507,117

PROVISIONS FOR LIABILITIES

108,994

82,731

NET ASSETS

2,594,960

2,424,386

CAPITAL AND RESERVES

Called up share capital

100

100

Revaluation reserve

6

695,213

695,213

Retained earnings

1,899,647

1,729,073

SHAREHOLDERS' FUNDS

2,594,960

2,424,386

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2017 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 financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the year ended 31 May 2017 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors on 26 January 2018 and were signed on its behalf by:

I D Bennett - Director

1.	STATUTORY INFORMATION

Retriever Sports Limited is a private company, limited by shares , registered in England and Wales. The

company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates,

value added tax and other sales taxes.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2001, is being amortised evenly over its estimated useful life of ten years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost

less any accumulated amortisation and any accumulated impairment losses.

Patents and licences are being amortised evenly over their estimated useful life of nil years.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Land and buildings

-

no depreciation is charged on freeholds

Plant and machinery etc

-

25% on reducing balance and 15% on reducing balance

Tangible fixed assets are stated at cost less accumulated depreciation and any recognised impairment loss.

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow

moving items.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to

the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or

substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance

sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from

those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that

have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the

timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they

will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held

under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases

are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element

of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss 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 profit or loss in the period to which they relate.

Transition to financial reporting standard 102

These financial statements are the first annual financial statements of the company prepared in accordance with

Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable

in the UK and Republic of Ireland" (FRS102). The first date at which this was applied was 1st June 2016. There

is no effect on the accounting policies and the opening equity and profit for the prior year.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 45 .

4.	INTANGIBLE FIXED ASSETS

Totals

£

COST

At 1 June 2016

and 31 May 2017

80,000

AMORTISATION

At 1 June 2016

and 31 May 2017

80,000

NET BOOK VALUE

At 31 May 2017

-

At 31 May 2016

-

5.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 1 June 2016

4,739,021

Additions

202,806

Disposals

(83,083

)

At 31 May 2017

4,858,744

DEPRECIATION

At 1 June 2016

2,985,838

Charge for year

101,073

Eliminated on disposal

(69,180

)

At 31 May 2017

3,017,731

NET BOOK VALUE

At 31 May 2017

1,841,013

At 31 May 2016

1,753,183

Fixed assets, included in the above, which are held under hire purchase contracts or finance leases are as follows:

Totals

£

COST

At 1 June 2016

and 31 May 2017

339,700

DEPRECIATION

At 1 June 2016

179,918

Charge for year

23,967

At 31 May 2017

203,885

NET BOOK VALUE

At 31 May 2017

135,815

At 31 May 2016

159,782

6.

RESERVES

Revaluation

reserve

£

At 1 June 2016

and 31 May 2017

695,213

7.	RELATED PARTY DISCLOSURES

8.	ULTIMATE CONTROLLING PARTY