Company Registration No. 6982642 (England and Wales)
Sportech Motorsport Ltd
Abbreviated unaudited accounts
for the year ended 31 August 2015
Sportech Motorsport Ltd
Abbreviated Balance Sheet
as at
31 August 2015
Tangible assets
5,176
1,410
Cash at bank and in hand
2,957
1,126
Creditors: amounts falling due within one year
(4,984)
(1,418)
Net current liabilities
(289)
(292)
Called up share capital
1,000
1,000
Profit and loss account
3,887
118
Total shareholders' funds
4,887
1,118
For the year ending 31 August 2015 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 in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the Financial Reporting Standard for Smaller Entities (effective 2008).
Approved by the board on 4 March 2016
Mr K J Musselwhite
Director
Company Registration No. 6982642
Sportech Motorsport Ltd
Notes to the Abbreviated Accounts
for the year ended 31 August 2015
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).
Turnover represents the value, net of VAT and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
Tangible fixed assets policy
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
2
Tangible fixed assets
Plant & machinery
Motor vehicles
Total
At 1 September 2014
-
1,880
1,880
Additions
600
4,000
4,600
At 31 August 2015
600
5,880
6,480
At 1 September 2014
-
470
470
Charge for the year
10
824
834
At 31 August 2015
10
1,294
1,304
At 31 August 2015
590
4,586
5,176
At 31 August 2014
-
1,410
1,410
3
Share capital
2015
2014
Allotted, called up and fully paid:
1,000 Ordinary shares of £1 each
1,000
1,000