9 31/01/2023 2023-01-31 false false false false false false false false false false true false false true false false false false false false false No description of principal activities is disclosed 2022-02-01 Sage Accounts Production 21.0 - FRS102_2021 xbrli:pure xbrli:shares iso4217:GBP 05695060 2022-02-01 2023-01-31 05695060 2023-01-31 05695060 2022-01-31 05695060 2021-02-01 2022-01-31 05695060 2022-01-31 05695060 2021-01-31 05695060 bus:RegisteredOffice 2022-02-01 2023-01-31 05695060 bus:Director1 2022-02-01 2023-01-31 05695060 bus:Director2 2022-02-01 2023-01-31 05695060 bus:Director3 2022-02-01 2023-01-31 05695060 bus:Director4 2022-02-01 2023-01-31 05695060 bus:CompanySecretary1 2022-02-01 2023-01-31 05695060 core:RetainedEarningsAccumulatedLosses 2021-02-01 2022-01-31 05695060 core:RetainedEarningsAccumulatedLosses 2022-02-01 2023-01-31 05695060 core:WithinOneYear 2023-01-31 05695060 core:WithinOneYear 2022-01-31 05695060 core:ShareCapital 2023-01-31 05695060 core:ShareCapital 2022-01-31 05695060 core:RetainedEarningsAccumulatedLosses 2023-01-31 05695060 core:RetainedEarningsAccumulatedLosses 2022-01-31 05695060 core:ShareCapital 2021-01-31 05695060 core:RetainedEarningsAccumulatedLosses 2021-01-31 05695060 bus:Director1 2022-01-31 05695060 bus:Director1 2023-01-31 05695060 bus:Director2 2022-01-31 05695060 bus:Director1 2021-01-31 05695060 bus:Director1 2022-01-31 05695060 bus:Director2 2022-01-31 05695060 bus:Director1 2021-02-01 2022-01-31 05695060 bus:Director2 2021-02-01 2022-01-31 05695060 bus:SmallEntities 2022-02-01 2023-01-31 05695060 bus:AuditExempt-NoAccountantsReport 2022-02-01 2023-01-31 05695060 bus:AbridgedAccounts 2022-02-01 2023-01-31 05695060 bus:SmallCompaniesRegimeForAccounts 2022-02-01 2023-01-31 05695060 bus:PrivateLimitedCompanyLtd 2022-02-01 2023-01-31
Company registration number: 05695060
First Serve Tennis Courts Ltd
Unaudited filleted abridged financial statements
31 January 2023
First Serve Tennis Courts Ltd
Contents
Directors and other information
Abridged statement of financial position
Statement of changes in equity
Notes to the financial statements
First Serve Tennis Courts Ltd
Directors and other information
Directors Mr A S Bryant
Mr R Bennett Resigned 01/02/2022
Mrs L Bryant
Mrs S D Bennett Resigned 01/02/2022
Secretary Mrs L Bryant
Company number 05695060
Registered office The Old Chapel
Bishopstone
Salisbury
SP5 4BT
First Serve Tennis Courts Ltd
Accountants' report on the unaudited financial statements to the directors of
First Serve Tennis Courts Ltd
As described on the balance sheet you are responsible for the preparation of the financial statements for the year ended 31 January 2023 set out on pages to 10 and you consider that the company is exempt from an audit. In accordance with your instructions we have compiled these unaudited financial statements, in order to assist you to fulfil your statutory responsibilities, from the accounting records and information supplied to us.
Our report is prepared solely for the use of First Serve Tennis Courts Ltd and solely for the purpose of meeting their statutory accounts filing obligations and calculation of their tax liability.
Atkinsons (Bishopstone) Ltd
Chartered Accountants
The Old Chapel
Bishopstone
Salisbury
SP5 4BT
Date:
First Serve Tennis Courts Ltd
Abridged statement of financial position
31 January 2023
2023 2022
Note £ £ £ £
Fixed assets
Tangible assets 5 11,973 24,412
_______ _______
11,973 24,412
Current assets
Stocks 24,091 11,331
Debtors 34,289 69,057
Cash at bank and in hand 77,664 76,581
_______ _______
136,044 156,969
Creditors: amounts falling due
within one year ( 95,929) ( 95,970)
_______ _______
Net current assets 40,115 60,999
_______ _______
Total assets less current liabilities 52,088 85,411
_______ _______
Net assets 52,088 85,411
_______ _______
Capital and reserves
Called up share capital 100 100
Profit and loss account 51,988 85,311
_______ _______
Shareholders funds 52,088 85,411
_______ _______
For the year ending 31 January 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.
All of the members have consented to the preparation of the abridged statement of financial position for the current year ending 31 January 2023 in accordance with Section 444(2A) of the Companies Act 2006.
These financial statements were approved by the board of directors and authorised for issue on 01 March 2023 , and are signed on behalf of the board by:
Mr A S Bryant
Director
Company registration number: 05695060
First Serve Tennis Courts Ltd
Statement of changes in equity
Year ended 31 January 2023
Called up share capital Profit and loss account Total
£ £ £
At 1 February 2021 100 72,163 72,263
Profit for the year 133,148 133,148
_______ _______ _______
Total comprehensive income for the year - 133,148 133,148
Dividends paid and payable ( 120,000) ( 120,000)
_______ _______ _______
Total investments by and distributions to owners - ( 120,000) ( 120,000)
_______ _______ _______
At 31 January 2022 and 1 February 2022 100 85,311 85,411
Profit for the year 81,677 81,677
_______ _______ _______
Total comprehensive income for the year - 81,677 81,677
Dividends paid and payable ( 115,000) ( 115,000)
_______ _______ _______
Total investments by and distributions to owners - ( 115,000) ( 115,000)
_______ _______ _______
At 31 January 2023 100 51,988 52,088
_______ _______ _______
First Serve Tennis Courts Ltd
Notes to the financial statements
Year ended 31 January 2023
1. General information
The company is a private company limited by shares, registered in England & Wales. The address of the registered office is The Old Chapel, Bishopstone, Salisbury, SP5 4BT.
2. Statement of compliance
These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Turnover
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax.
Taxation
Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Tangible assets
tangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated depreciation and impairment losses.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Plant and machinery 15 %
Motor vehicles 25 %
If there is an indication that there has been a significant change in depreciation rate, useful life or residual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates.
Impairment
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stocks to their present location and condition.
Financial instruments
A financial asset or a financial liability is recognised only when the company becomes a party to the contractual provisions of the instrument.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 9 (2022: 11 ).
5. Tangible assets
£
Cost
At 1 February 2022 and 31 January 2023 142,259
_______
Depreciation
At 1 February 2022 117,847
Charge for the year 12,439
_______
At 31 January 2023 130,286
_______
Carrying amount
At 31 January 2023 11,973
_______
At 31 January 2022 24,412
_______
6. Directors advances, credits and guarantees
During the year the directors entered into the following advances and credits with the company:
2023
Balance brought forward Advances /(credits) to the directors Balance o/standing
£ £ £
Mr A S Bryant 16,080 1,160 17,240
Mr R Bennett ( 3,080) 3,080 -
_______ _______ _______
13,000 4,240 17,240
_______ _______ _______
2022
Balance brought forward Advances /(credits) to the directors Balance o/standing
£ £ £
Mr A S Bryant ( 5,450) 21,530 16,080
Mr R Bennett - ( 3,080) ( 3,080)
_______ _______ _______
( 5,450) 18,450 13,000
_______ _______ _______
7. Controlling party
The company is controlled by its directors.