Steyning Stars Gymnastics Club Limited - Accounts to registrar (filleted) - small 18.1

REGISTERED NUMBER: 06689988 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2017

FOR

STEYNING STARS GYMNASTICS CLUB LIMITED

Page

Company Information

1

Report of the Accountants

2

Balance Sheet

3

Notes to the Financial Statements

4

DIRECTOR:

Mrs A Wadman

SECRETARY:

REGISTERED OFFICE:

206 Turners Hill

Cheshunt

Hertfordshire

EN8 9DE

REGISTERED NUMBER:

06689988 (England and Wales)

ACCOUNTANTS:

C & H Associates

T/A Mobile Accountants

Chartered Management Accountants

206 Turners Hill

cheshunt

Hertfordshire

EN8 9DE

The following reproduces the text of the report prepared for the director in respect of the company's annual

unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a

Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the

Report of the Director are not required to be filed with the Registrar of Companies.

Respective Responsibilities of the Directors and Reporting Accountants

As described in the directors report, the director is responsible for the preparation of the financial statements in accordance

with applicable law and United Kingdom Accounting Standards. They consider the company is exempt from audit. Our

responsibilities are to prepare the financial statements on behalf of the director, based on the company's accounting records

and instruction from the directors.

Basis Of Opinion

We prepared the financial statements in accordance with best practice. We compared the financial statements with the

accounting records maintained by the company and made such limited enquiries of the company, as we considered

necessary for the preparation of these financial statements.

We have not carried out an audit in accordance with Auditing Standards. Accordingly, we do not express an audit opinion

on the financial statement. The financial statements are free from material misstatement whether by error, fraud or any other

irregularities.

Opinion

In our opinion:

(a) the financial statements are in agreement with accounting standards maintained by the companies act 2006 under section

386 and 387 as well as information provided by the directors.

(b) having regards only to, and on the basis of the information contained in those accounting records and instructions from

the directors, the financial statements have been drawn up in a manner consistent with the requirements on the Companies

Act 2006 and generally accepted accounting principles

C & H Associates

T/A Mobile Accountants

Chartered Management Accountants

206 Turners Hill

cheshunt

Hertfordshire

EN8 9DE

Date: .............................................

FIXED ASSETS

Tangible assets

4

17,423

9,173

CURRENT ASSETS

Debtors

5

1,114

1,051

Cash at bank and in hand

94,454

66,235

95,568

67,286

CREDITORS

Amounts falling due within one year

6

80,273

80,181

NET CURRENT ASSETS/(LIABILITIES)

15,295

(12,895

)

TOTAL ASSETS LESS CURRENT LIABILITIES

32,718

(3,722

)

CREDITORS

Amounts falling due after more than one year

7

(459

)

(459

)

NET ASSETS/(LIABILITIES)

33,177

(3,263

)

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

33,077

(3,363

)

SHAREHOLDERS' FUNDS

33,177

(3,263

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2017 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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.

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

The financial statements were approved by the director on 18 May 2018 and were signed by:

Mrs A Wadman - Director

1.	STATUTORY INFORMATION

Steyning Stars Gymnastics Club 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.

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.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

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

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 17 .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 October 2016

18,948

Additions

10,575

At 30 September 2017

29,523

DEPRECIATION

At 1 October 2016

9,775

Charge for year

2,325

At 30 September 2017

12,100

NET BOOK VALUE

At 30 September 2017

17,423

At 30 September 2016

9,173

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.9.17

30.9.16

£

£

Trade debtors

-

1,051

Other debtors

1,114

-

1,114

1,051

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.9.17

30.9.16

£

£

Trade creditors

4,247

6,476

Taxation and social security

8,079

7,054

Other creditors

67,947

66,651

80,273

80,181

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

30.9.17

30.9.16

£

£

Taxation and social security

(459

)

(459

)

8.	RELATED PARTY DISCLOSURES

During the year, total dividends of £10,000 were paid to the director .