Company Registration No. 07474032 (England and Wales)
Sporting Feet Limited
Unaudited accounts
for the year ended 31 December 2018
Sporting Feet Limited
Unaudited accounts
Contents
Sporting Feet Limited
Company Information
for the year ended 31 December 2018
Directors
Geoffrey Alan Ross
Dominic Charles Stead
Company Number
07474032 (England and Wales)
Accountants
Business Clan Ltd
16 West Barnes Lane
West Wimbledon
London
SW20 0BU
Sporting Feet Limited
Statement of financial position
as at
31 December 2018
Inventories
133,573
115,403
Cash at bank and in hand
13,714
14,581
Creditors: amounts falling due within one year
(184,047)
(225,620)
Net current liabilities
(788)
(61,990)
Net liabilities
(197)
(61,090)
Called up share capital
2
2
Profit and loss account
(199)
(61,092)
Shareholders' funds
(197)
(61,090)
For the year ending 31 December 2018 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
Approved by the Board on 31 January 2019.
Geoffrey Alan Ross
Director
Company Registration No. 07474032
Sporting Feet Limited
Notes to the Accounts
for the year ended 31 December 2018
Sporting Feet Limited is a private company, limited by shares, registered in England and Wales, registration number 07474032.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
These financial statements for the year ended 31 December 2018 are the first financial statements that comply with FRS 102 Section 1A Small Entities. The date of transition is 1 January 2017.
The transition to FRS 102 Section 1A Small Entities has resulted in a small number of changes in accounting policies to those used previously.
The nature of these changes and their impact on opening equity and profit for the comparative period are explained in the notes below.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Computer equipment
33.33%
Sporting Feet Limited
Notes to the Accounts
for the year ended 31 December 2018
4
Tangible fixed assets
Plant & machinery
Cost or valuation
At cost
At 31 December 2018
6,726
At 31 December 2018
6,135
Finished goods
133,573
115,403
Trade debtors
15,972
13,646
Accrued income and prepayments
20,000
20,000
7
Creditors: amounts falling due within one year
2018
2017
Trade creditors
45,275
39,165
Taxes and social security
10,272
12,836
Loans from directors
128,000
173,000
8
Average number of employees
During the year the average number of employees was 20 (2017: 11).