Registered number: 06798115 | ||||||||
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FOR THE YEAR ENDED 31 MARCH 2019 | ||||||||
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Prepared By: | ||||||||
J J Cook & Co | ||||||||
Chartered Accountants | ||||||||
9 Allfield | ||||||||
Prince of Wales Terrace | ||||||||
Scarborough | ||||||||
North Yorkshire | ||||||||
YO11 2AN |
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Newco Sports Online Limited | ||||||||
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ACCOUNTS | ||||||||
FOR THE YEAR ENDED 31 MARCH 2019 | ||||||||
DIRECTORS | ||||||||
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SECRETARY | ||||||||
Mrs S M Mundell | ||||||||
REGISTERED OFFICE | ||||||||
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Derbyshire | ||||||||
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COMPANY DETAILS | ||||||||
Private company limited by shares registered in EW - England and Wales, registered number 06798115 | ||||||||
ACCOUNTANTS | ||||||||
J J Cook & Co | ||||||||
Chartered Accountants | ||||||||
9 Allfield | ||||||||
Prince of Wales Terrace | ||||||||
Scarborough | ||||||||
North Yorkshire | ||||||||
YO11 2AN |
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Newco Sports Online Limited | ||||||||
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ACCOUNTS | ||||||||
FOR THE YEAR ENDED 31 MARCH 2019 | ||||||||
CONTENTS | ||||||||
Page | ||||||||
Directors' Report | - | |||||||
Accountants' Report | - | |||||||
Statement Of Comprehensive Income | - | |||||||
Balance Sheet | 3 | |||||||
Notes To The Accounts | 4 | |||||||
The following do not form part of the statutory financial statements: | ||||||||
Trading And Profit And Loss Account | - | |||||||
Profit And Loss Account Summaries | - |
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Newco Sports Online Limited | ||||||||
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BALANCE SHEET AT
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2019 | 2018 | |||||||||
Notes | £ | £ | ||||||||
FIXED ASSETS | ||||||||||
Intangible assets | 2 |
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Tangible assets | 3 |
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CURRENT ASSETS | ||||||||||
Debtors | 4 |
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Cash at bank and in hand |
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126,215 | 137,155 | |||||||||
CREDITORS: Amounts falling due within one year | 5 |
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NET CURRENT ASSETS |
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77,752 | ||||||||
TOTAL ASSETS LESS CURRENT LIABILITIES |
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PROVISIONS FOR LIABILITIES AND CHARGES | 7 |
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NET ASSETS |
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CAPITAL AND RESERVES | ||||||||||
Called up share capital | 8 |
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Profit and loss account | 65,554 | 79,364 | ||||||||
SHAREHOLDERS' FUNDS |
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Approved by the board on
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............................. | ||||||||||
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Director | ||||||||||
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Newco Sports Online Limited | ||||||||
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NOTES TO THE ACCOUNTS | ||||||||||
FOR THE YEAR ENDED 31 MARCH 2019 | ||||||||||
1. ACCOUNTING POLICIES |
1a. Basis Of Accounting FRS | ||||||||
The financial statements have been prepared under the historical cost convention, in accordance with the accounting policies set out below, and in accordance with FRS 102, section 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland, and the Companies Act 2006. |
1b. Depreciation | ||||||||
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Equipment | reducing balance 20% |
1c. Intangible Assets | ||||||||
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1d. Goodwill | ||||||||
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2. INTANGIBLE FIXED ASSETS | ||||||
Development | Purchased | |||||
Costs | Goodwill | Total | ||||
£ | £ | £ | ||||
Cost | ||||||
At 1 April 2018 | 11,000 | 74,000 | 85,000 | |||
At 31 March 2019 | 11,000 | 74,000 | 85,000 | |||
Depreciation | ||||||
At 1 April 2018 | 9,165 | 73,999 | 83,164 | |||
For the year | 1,834 | - | 1,834 | |||
At 31 March 2019 | 10,999 | 73,999 | 84,998 | |||
Net Book Amounts | ||||||
At 31 March 2019 |
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At 31 March 2018 |
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Newco Sports Online Limited | ||||||||
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3. TANGIBLE FIXED ASSETS | ||||
Equipment | Total | |||
£ | £ | |||
Cost | ||||
At 1 April 2018 | 1,295 | 1,295 | ||
At 31 March 2019 | 1,295 | 1,295 | ||
Depreciation | ||||
At 1 April 2018 | 1,018 | 1,018 | ||
For the year | 56 | 56 | ||
At 31 March 2019 | 1,074 | 1,074 | ||
Net Book Amounts | ||||
At 31 March 2019 |
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221 | ||
At 31 March 2018 |
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277 | ||
4. DEBTORS | 2019 | 2018 | ||||||
£ | £ | |||||||
Amounts falling due within one year | ||||||||
Trade debtors | 1,922 | 1,778 | ||||||
UK corporation tax | 1,143 | - | ||||||
VAT | 1,179 | 838 | ||||||
Prepayments | 40 | 40 | ||||||
4,284 | 2,656 | |||||||
5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR | ||||||||
2019 | 2018 | |||||||
£ | £ | |||||||
UK corporation tax | - | 307 | ||||||
Directors current account - AD Mitchell | 29,401 | 29,401 | ||||||
Directors current account - PI Mundell | 21,644 | 21,436 | ||||||
Trade creditors | 8,925 | 7,443 | ||||||
Accruals | 772 | 816 | ||||||
60,742 | 59,403 | |||||||
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Newco Sports Online Limited | ||||||||
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6. EMPLOYEES | ||||||
2019 | 2018 | |||||
No. | No. | |||||
Average number of employees | 2 | 2 | ||||
7. PROVISIONS FOR LIABILITIES | 2019 | 2018 | ||||||
£ | £ | |||||||
Deferred taxation | 42 | 401 | ||||||
42 | 401 | |||||||
8. SHARE CAPITAL | 2019 | 2018 | ||||||
£ | £ | |||||||
Allotted, issued and fully paid: | ||||||||
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100 | 100 | ||||||
100 | 100 | |||||||
9. GENERAL INFORMATION | ||||||||
Newco Sports Online Limited is a private company limited by shares and incorporated in England. Its registered office is Unit 6, 72 Mansfield Road, South Normanton, Derbyshire, DE55 2ER. | ||||||||
The financial statements are presented in Sterling, which is the functional currency of the company. | ||||||||