Company Registration No. 10868534 (England and Wales)
Sovereign Sports Ltd
Unaudited accounts
for the period from 17 July 2017 to 31 July 2018
Sovereign Sports Ltd
Unaudited accounts
Contents
Sovereign Sports Ltd
Company Information
for the period from 17 July 2017 to 31 July 2018
Directors
S Kennard
I Kennard
Company Number
10868534 (England and Wales)
Registered Office
1 Christchurch House
Sir Thomas Longley Road
Rochester
Kent
ME2 4FX
Accountants
AK Tax & Accountancy Ltd
Suite 1 Christchurch House
Sir Thomas Longley Road
Rochester
Kent
ME24FX
Sovereign Sports Ltd
Statement of financial position
as at
31 July 2018
Cash at bank and in hand
15,649
Creditors: amounts falling due within one year
(151,301)
Net current liabilities
(25,732)
Called up share capital
125
Profit and loss account
37,258
Shareholders' funds
37,383
For the period ending 31 July 2018 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 15 April 2019.
S Kennard
Director
Company Registration No. 10868534
Sovereign Sports Ltd
Notes to the Accounts
for the period from 17 July 2017 to 31 July 2018
Sovereign Sports Ltd is a private company, limited by shares, registered in England and Wales, registration number 10868534. The registered office is 1 Christchurch House, Sir Thomas Longley Road, Rochester, Kent, ME2 4FX.
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 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
25 % on reducing balance basis
Motor vehicles
25% on reducing balance basis
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Total
Cost or valuation
At cost
At cost
Additions
53,653
30,500
84,153
At 31 July 2018
53,653
30,500
84,153
Charge for the period
13,413
7,625
21,038
At 31 July 2018
13,413
7,625
21,038
At 31 July 2018
40,240
22,875
63,115
Sovereign Sports Ltd
Notes to the Accounts
for the period from 17 July 2017 to 31 July 2018
6
Creditors: amounts falling due within one year
2018
Taxes and social security
35,765
Loans from directors
79,857
7
Average number of employees
During the period the average number of employees was 2.