Abbreviated Company Accounts - A&T SPORTING EVENTS MANAGEMENT LIMITED

A&T SPORTING EVENTS MANAGEMENT LIMITED Registered Number 05775468

Abbreviated Balance Sheet as at 31 December 2015

	Notes	2015	2014
		€	€
Current assets
Debtors		2,070,959	2,100,815
Cash at bank and in hand		410,184	126,577
		2,481,143	2,227,392
Creditors: amounts falling due within one year		(2,605,443)	(2,213,874)
Net current assets (liabilities)		(124,300)	13,518
Total assets less current liabilities		(124,300)	13,518
Total net assets (liabilities)		(124,300)	13,518
Capital and reserves
Called up share capital	2	144	144
Profit and loss account		(124,444)	13,374
Shareholders' funds		(124,300)	13,518

For the year ending 31 December 2015 the company was entitled to exemption 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.

Approved by the Board on 26 September 2016

And signed on their behalf by:
Jason Tabone, Director

A&T SPORTING EVENTS MANAGEMENT LIMITED Registered Number 05775468

Notes to the Abbreviated Accounts for the period ended 31 December 2015

1Accounting Policies

Basis of measurement and preparation of accounts
The full financial statements, from which these abbreviated accounts have been extracted, have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).

Turnover policy
Turnover represents amounts derived from the company's principal activity. Turnover is recognised upon completion of the contractual obligation of all parties.

Other accounting policies
Compliance with and departure from accounting standards
The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).
The company has not disclosed the ultimate controlling party which is a requirement of the Financial Reporting Standard for Smaller Entities (effective January 2015). This is a departure from the accounting standard. The director is of the opinion that the non disclosure of this information does not affect the truth and fairness of the financial statements.

Going concern
The director has prepared the financial statements on the going concern basis. This is considered appropriate as the company's shareholders and creditors will continue to provide financial support to the company for the foreseeable future. Should the company be unable to continue trading, adjustments would have to be made to reduce the value of assets to their recoverable amounts, to provide for any further liabilities which might arise.

Deferred taxation
Full provision is made for deferred tax assets and liabilities arising from all timing differences between the recognition of gains and losses in the financial statements and recognition in the tax computation.
A net deferred tax asset is recognised only if it can be regarded as more likely than not that there will be suitable taxable profits from which the future reversal of the underlying timing differences can be deducted.
Deferred tax assets and liabilities are calculated at the tax rates expected to be effective at the time the timing differences are expected to reverse.
Deferred tax assets and liabilities are not discounted.

Foreign currencies
Monetary assets and liabilities denominated in foreign currencies are translated into euros at rates of exchange ruling at the balance sheet date.
Transactions in foreign currencies are translated into euros at the rate ruling on the date of the transaction.
Exchange gains and losses are recognised in the Profit and loss account.

2Called Up Share Capital

100 Ordinary shares of £1 each, allotted, called up and fully paid €144 (2014: €144)