Snowsport Cymru / Wales |
|
Report to the directors on the preparation of the unaudited abbreviated accounts of Snowsport Cymru / Wales for the year ended 30 September 2015 |
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the abbreviated accounts of Snowsport Cymru / Wales for the year ended 30 September 2015 which comprise of the balance sheet and the related notes from the company’s accounting records and from information and explanations you have given us. |
As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://rulebook.accaglobal.com/ |
Our work has been undertaken in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/factsheet163. |
|
Llewellyns |
Chartered Certified Accountants |
52- 60 Codas House |
Merthyr Road |
Whitchurch |
Cardiff |
CF14 1DJ |
|
24 May 2016 |
|
Snowsport Cymru / Wales
|
Registered number: |
02918336
|
Abbreviated Balance Sheet |
as at 30 September 2015
|
|
Notes |
|
|
2015 |
|
|
2014 |
£ |
£ |
Fixed assets |
Tangible assets |
2 |
|
|
49,494 |
|
|
19,674 |
|
Current assets |
Stocks |
|
|
8,361 |
|
|
12,360 |
Debtors |
|
|
4,500 |
|
|
9,232 |
Cash at bank and in hand |
|
|
47,319 |
|
|
56,735 |
|
|
|
60,180 |
|
|
78,327 |
|
Creditors: amounts falling due within one year |
|
|
(30,269) |
|
|
(14,898) |
|
Net current assets |
|
|
|
29,911 |
|
|
63,429 |
|
Total assets less current liabilities |
|
|
|
79,405 |
|
|
83,103 |
|
Creditors: amounts falling due after more than one year |
|
|
|
(8,331) |
|
|
- |
|
|
|
Net assets |
|
|
|
71,074 |
|
|
83,103 |
|
|
|
|
|
|
|
|
Capital and reserves |
Profit and loss account |
|
|
|
71,074 |
|
|
83,103 |
|
Shareholders' funds |
|
|
|
71,074 |
|
|
83,103 |
|
|
|
|
|
|
|
|
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
|
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
|
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
|
The accounts have been prepared in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies subject to the small companies regime.
|
|
|
|
Mr Mark Robert Spencer James |
Director |
Approved by the board on 24 May 2016
|
|
Snowsport Cymru / Wales
|
Notes to the Abbreviated Accounts |
for the year ended 30 September 2015
|
|
1 |
Accounting policies |
|
|
Basis of preparation |
|
The accounts 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 the value, net of value added tax and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
|
|
|
Depreciation |
|
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives. |
|
|
Ski Matting |
20% on cost
|
|
Ski Equipment |
33% on reducing balance
|
|
Fixtures and Fittings |
25% on reducing balance |
|
Motor vehicles |
25% on reducing balance |
|
Computer Equipment |
25% on reducing balance |
|
|
Stocks |
|
Stock is valued at the lower of cost and net realisable value. |
|
|
Pensions |
|
The company operates a defined contribution pension scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme. The pension cost charge represents contributions payable by the company to the fund and amounted to £3176 (2014- £3176). |
|
|
2 |
Tangible fixed assets |
£ |
|
|
Cost |
|
At 1 October 2014 |
168,742 |
|
Additions |
48,118 |
|
Disposals |
(750) |
|
At 30 September 2015 |
216,111 |
|
|
|
|
|
|
|
|
Depreciation |
|
At 1 October 2014 |
149,068 |
|
Charge for the year |
17,549 |
|
At 30 September 2015 |
166,617 |
|
|
|
|
|
|
|
|
Net book value |
|
At 30 September 2015 |
49,494 |
|
At 30 September 2014 |
19,674 |
|
|
|
|
|
|
|