SIMON ICKRINGILL SPORTS LIMITED
ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 JANUARY 2015
Company Registration No. 01704962 (England and Wales)
SIMON ICKRINGILL SPORTS LIMITED
COMPANY INFORMATION
Director
Simon Ickringill
Company number
01704962
Registered office
Ilkley Lawn Tennis Club
Stourton Road
Ilkley
LS29 9BG
Accountants
Naylor Wintersgill Limited
Carlton House
Grammar School Street
Bradford
BD1 4NS
Bankers
Barclays Bank plc
9 Brook Street
Ilkley
West Yorkshire
SIMON ICKRINGILL SPORTS LIMITED
CONTENTS
Page
Abbreviated balance sheet
1
Notes to the abbreviated accounts
2 - 3
SIMON ICKRINGILL SPORTS LIMITED
ABBREVIATED BALANCE SHEET
AS AT
31 JANUARY 2015
31 January 2015
- 1 -
2015
2014
Notes
£
£
£
£
Fixed assets
Tangible assets
2
116
136
Current assets
Stocks
32,806
27,800
Debtors
-
122
Cash at bank and in hand
1,954
2,690
34,760
30,612
Creditors: amounts falling due within one year
(4,812)
(2,140)
Net current assets
29,948
28,472
Total assets less current liabilities
30,064
28,608
Capital and reserves
Called up share capital
3
100
100
Profit and loss account
29,964
28,508
Shareholders' funds
30,064
28,608
For the financial year ended 31 January 2015 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
-
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
-
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.
Approved by the Board and authorised for issue on 5 October 2015
Simon Ickringill
Director
Company Registration No. 01704962
SIMON ICKRINGILL SPORTS LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 JANUARY 2015
- 2 -
1
Accounting policies
1.1
Accounting convention
The financial statements are prepared under the historical cost convention.
1.2
Compliance with accounting standards
The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).
1.3
Turnover
Turnover represents the invoiced amount of goods sold and services provided.
1.4
Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:
Fixtures, fittings & equipment
15% per annum (reducing balance)
1.5
Stock
Stock is valued at the lower of cost and net realisable value.
1.6
Deferred taxation
Deferred taxation is provided in full in respect of taxation deferred by timing differences between the treatment of certain items for taxation and accounting purposes. The deferred tax balance has not been discounted.
2
Fixed assets
Tangible assets
£
Cost
At 1 February 2014 & at 31 January 2015
2,490
Depreciation
At 1 February 2014
2,354
Charge for the year
20
At 31 January 2015
2,374
Net book value
At 31 January 2015
116
At 31 January 2014
136
SIMON ICKRINGILL SPORTS LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)
FOR THE YEAR ENDED 31 JANUARY 2015
- 3 -
3
Share capital
2015
2014
£
£
Allotted, called up and fully paid
100 Ordinary shares of £1 each
100
100