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REGISTERED NUMBER: 07347731 (England and Wales)













Unaudited Financial Statements

for the Year Ended 31 March 2023

for

ECHO SPORT LIMITED

ECHO SPORT LIMITED (REGISTERED NUMBER: 07347731)






Contents of the Financial Statements
FOR THE YEAR ENDED 31 MARCH 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


ECHO SPORT LIMITED

Company Information
FOR THE YEAR ENDED 31 MARCH 2023







Director: S A Morris





Registered office: 1st Floor Waterside House
Waterside Drive
Wigan
WN3 5AZ





Registered number: 07347731 (England and Wales)





Accountants: NRB
1st Floor Waterside House
Waterside Drive
Wigan
Lancashire
WN3 5AZ

ECHO SPORT LIMITED (REGISTERED NUMBER: 07347731)

Balance Sheet
31 MARCH 2023

31.3.23 31.3.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 2,064 3,943

CURRENT ASSETS
Debtors 5 69,360 66,120

CREDITORS
Amounts falling due within one year 6 173,397 74,728
NET CURRENT LIABILITIES (104,037 ) (8,608 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(101,973

)

(4,665

)

CREDITORS
Amounts falling due after more than one
year

7

(90,913

)

(195,839

)

PROVISIONS FOR LIABILITIES 9 (392 ) (749 )
NET LIABILITIES (193,278 ) (201,253 )

CAPITAL AND RESERVES
Called up share capital 10 6 6
Retained earnings (193,284 ) (201,259 )
SHAREHOLDERS' FUNDS (193,278 ) (201,253 )

ECHO SPORT LIMITED (REGISTERED NUMBER: 07347731)

Balance Sheet - continued
31 MARCH 2023


The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 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 applicable to companies subject to the small companies regime.

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

The financial statements were approved by the director and authorised for issue on 24 May 2023 and were signed by:





S A Morris - Director


ECHO SPORT LIMITED (REGISTERED NUMBER: 07347731)

Notes to the Financial Statements
FOR THE YEAR ENDED 31 MARCH 2023

1. STATUTORY INFORMATION

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

Turnover
Turnover represents the provision of legal and agency services to the football industry and is recognised when the service is performed to the extent that it is probable that economic benefits will flow into the company and excludes value added tax.

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 cost
Computer equipment - 33% on reducing balance

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

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
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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.

Going concern
The directors have reviewed budget and forecasts for a period of 12 months from approval of the accounts and together with the continued support from the directors, it is of their opinion that the company can continue as a going concern for the foreseeable future.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 2 ) .

ECHO SPORT LIMITED (REGISTERED NUMBER: 07347731)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 31 MARCH 2023

4. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 April 2022
and 31 March 2023 5,405 9,763 15,168
DEPRECIATION
At 1 April 2022 4,252 6,973 11,225
Charge for year 949 930 1,879
At 31 March 2023 5,201 7,903 13,104
NET BOOK VALUE
At 31 March 2023 204 1,860 2,064
At 31 March 2022 1,153 2,790 3,943

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Trade debtors 69,360 66,120

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Bank loans and overdrafts 76,810 17,106
Amounts owed to group undertakings - 7,515
Taxation and social security 11,997 13,867
Other creditors 84,590 36,240
173,397 74,728

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.3.23 31.3.22
£    £   
Bank loans 90,913 195,839

8. SECURED DEBTS

The following secured debts are included within creditors:

31.3.23 31.3.22
£    £   
Business interruption loan 143,376 195,839

9. PROVISIONS FOR LIABILITIES
31.3.23 31.3.22
£    £   
Deferred tax 392 749

Deferred
tax
£   
Balance at 1 April 2022 749
Provided during year (357 )
Balance at 31 March 2023 392

ECHO SPORT LIMITED (REGISTERED NUMBER: 07347731)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 31 MARCH 2023

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.3.23 31.3.22
value: £    £   
2 Ordinary A £1 2 2
2 Ordinary B £1 2 2
2 Ordinary C £1 2 2
6 6