Company Registration No. 6047307 (England and Wales)
Total Sporting Solution Ltd
Unaudited accounts
for the year ended 31 January 2017
Total Sporting Solution Ltd
Unaudited accounts
Contents
Total Sporting Solution Ltd
Company Information
for the year ended 31 January 2017
Director
Mr Matthew Pegler
Company Number
6047307 (England and Wales)
Registered Office
5 Valleys Enterprise Centre
Greenway
CAERPHILLY
CF83 8GF
Accountants
DC Tax & Accounts Ltd
5 Valleys Enterprise Centre
Greenway
Caerphilly
CF83 8GF
Total Sporting Solution Ltd
Statement of financial position
as at
31 January 2017
Tangible assets
296,668
172,407
Inventories
50,000
50,000
Creditors: amounts falling due within one year
(156,759)
(171,757)
Net current liabilities
(105,759)
(80,304)
Total assets less current liabilities
190,909
92,103
Creditors: amounts falling due after more than one year
(161,323)
(64,344)
Called up share capital
4
4
Revaluation reserve
15,000
15,000
Profit and loss account
14,582
12,755
Shareholders' funds
29,586
27,759
For the year ending 31 January 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 director acknowledges his 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 15 September 2017.
Mr Matthew Pegler
Director
Company Registration No. 6047307
Total Sporting Solution Ltd
Notes to the Accounts
for the year ended 31 January 2017
Total Sporting Solution Ltd is a private company, limited by shares, registered in England and Wales, registration number 6047307. The registered office and principal place of business is 5 Valleys Enterprise Centre, Greenway, CAERPHILLY, CF83 8GF.
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 January 2017 are the first financial statements that comply with FRS 102 Section 1A Small Entities. The date of transition is 1 February 2015.
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:
Plant & machinery
20% reducing balance
Motor vehicles
20% reducing balance
Fixtures & fittings
20% reducing balance
Computer equipment
33% on cost
Total Sporting Solution Ltd
Notes to the Accounts
for the year ended 31 January 2017
4
Tangible fixed assets
Land & buildings
Plant & machinery
Motor vehicles
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At cost
At cost
At 1 February 2016
141,381
55,930
29,715
7,617
649
235,292
Additions
141,774
-
-
-
-
141,774
Disposals
-
-
(29,715)
-
-
(29,715)
At 31 January 2017
283,155
55,930
-
7,617
649
347,351
At 1 February 2016
-
41,774
15,602
4,993
516
62,885
Charge for the year
-
2,831
-
525
44
3,400
On disposals
-
-
(15,602)
-
-
(15,602)
At 31 January 2017
-
44,605
-
5,518
560
50,683
At 31 January 2017
283,155
11,325
-
2,099
89
296,668
At 31 January 2016
141,381
14,156
14,113
2,624
133
172,407
Carrying amount of land and buildings on cost basis
268,155
126,381
Freehold land and buildings were valued on an open market basis on 26 August 2015 by LTS Surveyors.
Finished goods
50,000
50,000
Trade debtors
1,000
37,450
7
Creditors: amounts falling due within one year
2017
2016
Bank loans and overdrafts
13,410
5,171
Taxes and social security
8,523
9,052
Other creditors
8,737
18,500
Loans from directors
123,179
136,124
Total Sporting Solution Ltd
Notes to the Accounts
for the year ended 31 January 2017
8
Creditors: amounts falling due after more than one year
2017
2016
Bank loans
161,323
50,123
Obligations under finance leases and hire purchase contracts
-
14,221
9
Average number of employees
During the year the average number of employees was 2 (2016: 3).