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REGISTERED NUMBER: 00908936















FINANCIAL STATEMENTS

FOR THE YEAR ENDED 28 FEBRUARY 2018

FOR

TED FENTON SPORTS LIMITED

TED FENTON SPORTS LIMITED (REGISTERED NUMBER: 00908936)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2018










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


TED FENTON SPORTS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 28 FEBRUARY 2018







DIRECTORS: S E Fenton
A E Fenton





SECRETARY: Mrs M A Fenton





REGISTERED OFFICE: Riverside House
1/5 Como Street
Romford
Essex
RM7 7DN





REGISTERED NUMBER: 00908936





ACCOUNTANTS: Clemence Hoar Cummings
Chartered Accountants
Riverside House
1-5 Como Street
Romford
Essex
RM7 7DN

TED FENTON SPORTS LIMITED (REGISTERED NUMBER: 00908936)

BALANCE SHEET
28 FEBRUARY 2018

2018 2017
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 40 100

CURRENT ASSETS
Stocks 94,378 101,481
Debtors 5 47,574 49,516
Cash at bank and in hand 301 301
142,253 151,298
CREDITORS
Amounts falling due within one year 6 146,320 164,335
NET CURRENT LIABILITIES (4,067 ) (13,037 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(4,027

)

(12,937

)

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 8 (4,127 ) (13,037 )
SHAREHOLDERS' FUNDS (4,027 ) (12,937 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2018 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Board of Directors on 2 November 2018 and were signed
on its behalf by:





S E Fenton - Director


TED FENTON SPORTS LIMITED (REGISTERED NUMBER: 00908936)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2018


1. STATUTORY INFORMATION

Ted Fenton Sports Limited is a private company, limited by shares , registered in Not
specified/Other. 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 - 15% on cost and 15% on reducing balance

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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the
period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the
company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2017 - 5 ) .

TED FENTON SPORTS LIMITED (REGISTERED NUMBER: 00908936)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 28 FEBRUARY 2018


4. TANGIBLE FIXED ASSETS
Fixtures
and
fittings
£   
COST
At 1 March 2017
and 28 February 2018 400
DEPRECIATION
At 1 March 2017 300
Charge for year 60
At 28 February 2018 360
NET BOOK VALUE
At 28 February 2018 40
At 28 February 2017 100

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2018 2017
£    £   
Trade debtors 43,050 45,233
Prepayments and accrued income 4,524 4,283
47,574 49,516

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2018 2017
£    £   
Bank loans and overdrafts 13,368 23,202
Trade creditors 90,919 107,376
Social security and other taxes 2,947 1,467
VAT 7,502 4,261
Directors' current accounts 29,564 26,054
Accrued expenses 2,020 1,975
146,320 164,335

7. SECURED DEBTS

The following secured debts are included within creditors:

2018 2017
£    £   
Bank overdrafts 13,368 23,202

The company overdraft is secured by a charge over one of the company's leasehold premises.

TED FENTON SPORTS LIMITED (REGISTERED NUMBER: 00908936)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 28 FEBRUARY 2018


8. RESERVES
Retained
earnings
£   

At 1 March 2017 (13,037 )
Profit for the year 8,910
At 28 February 2018 (4,127 )