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REGISTERED NUMBER: 06495987 (England and Wales)















Unaudited Financial Statements

for the Year Ended 31 March 2018

for

P.Y Sports Ltd

P.Y Sports Ltd (Registered number: 06495987)






Contents of the Financial Statements
for the Year Ended 31 March 2018




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


P.Y Sports Ltd

Company Information
for the Year Ended 31 March 2018







DIRECTOR: P J York





SECRETARY: D York





REGISTERED OFFICE: 1 Victoria Court
Eign Street
Hereford
Herefordshire
HR4 0AW





REGISTERED NUMBER: 06495987 (England and Wales)





ACCOUNTANTS: The Boss Partnership
Chartered Certified Accountants
Finance House
6 Parkside Court
Greenhough Road
Lichfield
Staffordshire
WS13 7FE

P.Y Sports Ltd (Registered number: 06495987)

Balance Sheet
31 March 2018

2018 2017
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 124 166

CURRENT ASSETS
Stocks 34,279 6,207
Debtors 5 78,766 96,564
Cash at bank 128,757 109,961
241,802 212,732
CREDITORS
Amounts falling due within one year 6 37,078 42,341
NET CURRENT ASSETS 204,724 170,391
TOTAL ASSETS LESS CURRENT
LIABILITIES

204,848

170,557

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Retained earnings 203,848 169,557
204,848 170,557

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2018 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 26 October 2018 and were signed by:





P J York - Director


P.Y Sports Ltd (Registered number: 06495987)

Notes to the Financial Statements
for the Year Ended 31 March 2018

1. STATUTORY INFORMATION

P.Y Sports 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.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for
obsolete and slow moving items.

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 2 (2017 - 2 ) .

P.Y Sports Ltd (Registered number: 06495987)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2018

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2017
and 31 March 2018 4,568
DEPRECIATION
At 1 April 2017 4,402
Charge for year 42
At 31 March 2018 4,444
NET BOOK VALUE
At 31 March 2018 124
At 31 March 2017 166

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2018 2017
£    £   
Trade debtors 77,993 96,564
Other debtors 773 -
78,766 96,564

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2018 2017
£    £   
Trade creditors 19,634 9,956
Taxation and social security 14,674 14,015
Other creditors 2,770 18,370
37,078 42,341