For the year ended 31 March 2015
Unaudited Abbreviated Report and Financial Statements
England and Wales
Registered Number: 08042618
SPORTAGRAPHS LIMITED
For the year ended 31 March 2015
1
Balance Sheet
2 to 3
Notes to the Abbreviated Financial Statements
Notes to the Abbreviated Financial Statements
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SPORTAGRAPHS LIMITED
For the year ended 31 March 2015
The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).
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Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
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Monetary assets and liabilities denominated in foreign currencies are translated into sterling at the rate of exchange
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ruling at the balance sheet date
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Transactions in foreign currencies are recorded at the rate ruling at the date of the
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transaction
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All foreign exchange differences are included to the profit and loss account
.
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Proposed dividends are only included as liabilities in the financial statements when their payment has been approved
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by the shareholders prior to the balance sheet date
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Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
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Computer Equipment
Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.
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2 of 3
Notes to the Abbreviated Financial Statements
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SPORTAGRAPHS LIMITED
For the year ended 31 March 2015
1,982
1,982
974
660
Charge for year
1,634
348
1,008
Allotted called up and fully paid
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2015
2014
1
A Ordinary shares of £
1
.
00
each
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1
1
1
B Ordinary shares of £
1
.
00
each
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1
1
2
2
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