Company Registration No. 08336459 (England and Wales)
UK Airsoft Limited
Unaudited accounts
for the year ended 31 December 2017
UK Airsoft Limited
Unaudited accounts
Contents
UK Airsoft Limited
Company Information
for the year ended 31 December 2017
Directors
Mr S. Fletcher
Mr S. Morley
Company Number
08336459 (England and Wales)
Registered Office
254 Infirmary Road
Sheffield
South Yorkshire
S6 3DL
England
Accountants
R D Lang
La Plage
La Grande Route de la Cote
St. Clement
Jersey, CI
JE2 6FT
UK Airsoft Limited
Statement of financial position
as at
31 December 2017
Tangible assets
19,106
12,046
Cash at bank and in hand
3,679
2,197
Creditors: amounts falling due within one year
(20,643)
(13,389)
Net current assets
6,801
7,608
Total assets less current liabilities
25,907
19,654
Creditors: amounts falling due after more than one year
(33,776)
(24,507)
Net liabilities
(7,869)
(4,853)
Called up share capital
100
100
Profit and loss account
(7,969)
(4,953)
Shareholders' funds
(7,869)
(4,853)
For the year ending 31 December 2017 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 21 July 2018.
Mr S. Fletcher
Director
Company Registration No. 08336459
UK Airsoft Limited
Notes to the Accounts
for the year ended 31 December 2017
UK Airsoft Limited is a private company, limited by shares, registered in England and Wales, registration number 08336459. The registered office is 254 Infirmary Road, Sheffield, South Yorkshire, S6 3DL, England.
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.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
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:
Plant & machinery
20% on cost per annum
Motor vehicles
25% on cost per annum
Fixtures & fittings
20% on cost per annum
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them.
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. No work in progress is held.
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term.
Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
UK Airsoft Limited
Notes to the Accounts
for the year ended 31 December 2017
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At cost
At 1 January 2017
1,300
13,450
-
14,750
Additions
-
-
13,436
13,436
At 31 December 2017
1,300
13,450
13,436
28,186
At 1 January 2017
182
2,522
-
2,704
Charge for the year
325
3,363
2,688
6,376
At 31 December 2017
507
5,885
2,688
9,080
At 31 December 2017
793
7,565
10,748
19,106
At 31 December 2016
1,118
10,928
-
12,046
Raw materials
4,893
1,050
Other debtors
18,872
17,750
7
Creditors: amounts falling due within one year
2017
2016
Bank loans and overdrafts
5,686
3,484
Obligations under finance leases and hire purchase contracts
2,190
2,144
Trade creditors
2,857
4,510
Taxes and social security
9,260
2,601
8
Creditors: amounts falling due after more than one year
2017
2016
Obligations under finance leases and hire purchase contracts
4,660
9,517
9
Share capital
2017
2016
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100
100
UK Airsoft Limited
Notes to the Accounts
for the year ended 31 December 2017
10
Average number of employees
During the year the average number of employees was 5 (2016: 3).