REGISTERED NUMBER: 08057072 (England and Wales)

RUN 4 WALES LTD.

Abbreviated Unaudited Accounts

for the Year Ended 31 October 2016

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTORS:

R D Cole

N B Roberts

Welsh Athletics Limited

SECRETARY:

Welsh Athletics Limited

REGISTERED OFFICE:

The Pod, Number 1

Capital Retail Park

Leckwith

Cardiff

Mid Glamorgan

CF11 8EG

REGISTERED NUMBER:

08057072 (England and Wales)

ACCOUNTANTS:

O'Brien & Partners

Chartered Accountants

Highdale House

7 Centre Court

Treforest Industrial Estate

Pontypridd

Rhondda Cynon Taff

CF37 5YR

CURRENT ASSETS

Debtors

213,733

119,828

Cash at bank

350,664

761,900

564,397

881,728

CREDITORS

Amounts falling due within one year

(564,448

)

(881,779

)

NET CURRENT LIABILITIES

(51

)

(51

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(51

)

(51

)

RESERVES

Income and expenditure account

(51

)

(51

)

(51

)

(51

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2016 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 surplus or deficit 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 27 April 2017 and were signed on its behalf by:

N B Roberts - 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 January 2015).

Turnover

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

Turnover represents event income, grants and proceeds of fund raising activities, net of VAT.

Deferred tax

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

Grants receivable

Grants are credited to deferred income. Grants towards capital expenditure are released to the profit and loss account over

the expected useful life of the assets. Grants towards revenue expenditure are released to the profit and loss account as the

related expenditure is incurred.

2.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

During the year, Run 4 Wales Ltd purchased services to the value of £79,127 (2015: £63,523) from Welsh Athletics Ltd. At

the year end, the balance outstanding to Welsh Athletics Limited was £Nil (2015: £17,080).

The above transaction is related as Welsh Athletics Limited is a corporate director of the company.