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Abbreviated Unaudited Accounts for the Year Ended 30 September 2014 |
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Alfa-Sport Limited |
REGISTERED NUMBER:
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Abbreviated Unaudited Accounts for the Year Ended 30 September 2014 |
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for |
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Alfa-Sport Limited |
Alfa-Sport Limited (Registered number: 04927717) |
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Contents of the Abbreviated Accounts |
for the Year Ended 30 September 2014 |
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Page |
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Abbreviated Balance Sheet | 1 |
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Notes to the Abbreviated Accounts | 3 |
Alfa-Sport Limited (Registered number: 04927717) |
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Abbreviated Balance Sheet |
30 September 2014 |
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2014 | 2013 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 2 |
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CURRENT ASSETS |
Stocks |
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Debtors |
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Cash at bank |
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CREDITORS |
Amounts falling due within one year |
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NET CURRENT LIABILITIES | ( |
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TOTAL ASSETS LESS CURRENT
LIABILITIES |
( |
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( |
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CREDITORS |
Amounts falling due after more than one
year |
( |
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( |
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PROVISIONS FOR LIABILITIES |
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( |
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NET LIABILITIES | ( |
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CAPITAL AND RESERVES |
Called up share capital | 3 |
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Profit and loss account | ( |
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SHAREHOLDERS' FUNDS | ( |
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Alfa-Sport Limited (Registered number: 04927717) |
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Abbreviated Balance Sheet - continued |
30 September 2014 |
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The director acknowledges his responsibilities for: |
(a) |
ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies
Act 2006 and |
(b) |
preparing financial statements which give a true and fair view of the state of affairs of the company as at the end
of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company. |
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The financial statements were approved by the director on
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Alfa-Sport Limited (Registered number: 04927717) |
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Notes to the Abbreviated Accounts |
for the Year Ended 30 September 2014 |
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1. | ACCOUNTING POLICIES |
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Accounting convention |
The financial statements have been 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 |
Turnover represents net invoiced sales of goods, excluding value added tax. |
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Tangible fixed assets |
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Plant and machinery etc | - |
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Stocks |
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow |
moving items. |
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Deferred tax |
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance |
sheet date. |
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Hire purchase and leasing commitments |
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held |
under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases |
are depreciated over their estimated useful lives or the lease term, whichever is the shorter. |
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The interest element of these obligations is charged to the profit and loss account over the relevant period. The |
capital element of the future payments is treated as a liability. |
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2. | TANGIBLE FIXED ASSETS |
Total |
£ |
COST |
At 1 October 2013 |
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Additions |
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Disposals | ( |
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At 30 September 2014 |
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DEPRECIATION |
At 1 October 2013 |
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Charge for year |
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Eliminated on disposal | ( |
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At 30 September 2014 |
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NET BOOK VALUE |
At 30 September 2014 |
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At 30 September 2013 |
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Alfa-Sport Limited (Registered number: 04927717) |
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Notes to the Abbreviated Accounts - continued |
for the Year Ended 30 September 2014 |
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3. | CALLED UP SHARE CAPITAL |
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Allotted, issued and fully paid: |
Number: | Class: | Nominal | 2014 | 2013 |
value: | £ | £ |
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Ordinary | £1 |
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4. | DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES |
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At the year end and included within other creditors is an amount due to the director, G Alway, amounting to |
£23,809 (2013: £11,088). |
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This loan is interest free and repayable on demand. |
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5. | GOING CONCERN |
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In determining the appropriate basis of preparation of the financial statements, the director is required to |
consider whether the Company can continue in operational existence for at least the next 12 months. |
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During the period the company made a net loss of £9,251 and, at the balance sheet date, the company's total |
liabilities exceeded its total assets by £44,213. |
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Having made requisite enquires, the Director is confident that the company has adequate resources to continue |
its operations for the foreseeable future. Part of the company's liabilities are monies due to G Alway, shareholder |
and Director of the company, amounting to £23,809. He has confirmed that he will not call on these outstanding |
monies and will continue his support of the business. |
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Following a detailed and comprehensive review of the business, the Director has no reason or intention to |
liquidate the company or cease its trading activities over the foreseeable future. |
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In conclusion, and considering the areas described above, the Director is confident that the Company has |
adequate resources to continue in operational existence for the foreseeable future. For these reasons, the |
Director considers it appropriate he continues to prepare the financial statements on a going concern basis. |
These financial statements do not include any adjustments that would result from the going concern basis of |
preparation being inappropriate. |