REGISTERED NUMBER: 07254727 (England and Wales)

Financial Statements

for the Year Ended 30 June 2017

for

A Goode Sport Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

Mr A Goode

SECRETARY:

Mr T A Goode

REGISTERED OFFICE:

3 Morley's Place

Sawston

Cambridge

Cambridgeshire

CB22 3TG

REGISTERED NUMBER:

07254727 (England and Wales)

ACCOUNTANTS:

Price Bailey LLP

3 Morleys Place

High Street

Sawston

Cambridge

Cambridgeshire

CB22 3TG

FIXED ASSETS

Tangible assets

4

777

1,037

CURRENT ASSETS

Debtors

5

278,908

225,196

Cash at bank

82,854

6,250

361,762

231,446

CREDITORS

Amounts falling due within one year

6

53,606

27,851

NET CURRENT ASSETS

308,156

203,595

TOTAL ASSETS LESS CURRENT LIABILITIES

308,933

204,632

PROVISIONS FOR LIABILITIES

148

-

NET ASSETS

308,785

204,632

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

308,685

204,532

SHAREHOLDERS' FUNDS

308,785

204,632

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2017 in accordance with Section 476 of the Companies Act 2006.

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.

The financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director on 16 May 2018 and were signed by:

Mr A Goode - Director

1.	STATUTORY INFORMATION

A Goode Sport Ltd is a private company, limited by shares , registered in England and Wales. The company's

registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates,

value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixtures and fittings

-

25% on reducing balance

Computer equipment

-

33% on a straight line basis

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to

the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or

substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the

balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from

those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws

that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal

of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they

will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 .

4.	TANGIBLE FIXED ASSETS

Fixtures

and

Computer

fittings

equipment

Totals

£

£

£

COST

At 1 July 2016

and 30 June 2017

2,923

612

3,535

DEPRECIATION

At 1 July 2016

2,192

306

2,498

Charge for year

183

77

260

At 30 June 2017

2,375

383

2,758

NET BOOK VALUE

At 30 June 2017

548

229

777

At 30 June 2016

731

306

1,037

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

£

Trade debtors

58,560

-

Other debtors

220,348

222,346

Tax

-

2,850

278,908

225,196

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

£

Tax

47,189

24,048

VAT

5,561

2,825

Directors' loan accounts

76

450

Accrued expenses

780

528

53,606

27,851

7.	ULTIMATE CONTROLLING PARTY

The controlling party is Mr A Goode.