Registered Number 06976508

THINK GLOBAL SPORTS LIMITED

Abbreviated Accounts

31 December 2013

THINK GLOBAL SPORTS LIMITED Registered Number 06976508

Abbreviated Balance Sheet as at 31 December 2013

Notes 2013 2012
£ £
Fixed assets
Tangible assets 2 1,000 2,000
1,000 2,000
Current assets
Stocks - 1,568
Debtors 29,245 5,920
Cash at bank and in hand 14,046 8,355
43,291 15,843
Creditors: amounts falling due within one year (57,772) (41,814)
Net current assets (liabilities) (14,481) (25,971)
Total assets less current liabilities (13,481) (23,971)
Total net assets (liabilities) (13,481) (23,971)
Capital and reserves
Called up share capital 3 1 1
Profit and loss account (13,482) (23,972)
Shareholders' funds (13,481) (23,971)
  • For the year ending 31 December 2013 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 2014

And signed on their behalf by:
F Moseley, Director

THINK GLOBAL SPORTS LIMITED Registered Number 06976508

Notes to the Abbreviated Accounts for the period ended 31 December 2013

1Accounting Policies

Basis of measurement and preparation of accounts
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 policy
Turnover comprises revenue recognised by the company in respect of goods and services supplied during the year, exclusive of Value Added Tax and trade discounts.

Tangible assets depreciation policy
Office equipment - 20% straight line

2Tangible fixed assets
£
Cost
At 1 January 2013 5,000
Additions -
Disposals -
Revaluations -
Transfers -
At 31 December 2013 5,000
Depreciation
At 1 January 2013 3,000
Charge for the year 1,000
On disposals -
At 31 December 2013 4,000
Net book values
At 31 December 2013 1,000
At 31 December 2012 2,000
3Called Up Share Capital
Allotted, called up and fully paid:
2013
£
2012
£
1 Ordinary share of £1 each 1 1