Caseware UK (AP4) 2022.0.179 2022.0.179 2023-02-282023-02-28continued to be that of sports ground and garden maintenance.2022-03-01false1717truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 02877318 2022-03-01 2023-02-28 02877318 2021-03-01 2022-02-28 02877318 2023-02-28 02877318 2022-02-28 02877318 c:Director1 2022-03-01 2023-02-28 02877318 d:PlantMachinery 2022-03-01 2023-02-28 02877318 d:PlantMachinery 2023-02-28 02877318 d:PlantMachinery 2022-02-28 02877318 d:PlantMachinery d:OwnedOrFreeholdAssets 2022-03-01 2023-02-28 02877318 d:MotorVehicles 2022-03-01 2023-02-28 02877318 d:MotorVehicles 2023-02-28 02877318 d:MotorVehicles 2022-02-28 02877318 d:MotorVehicles d:OwnedOrFreeholdAssets 2022-03-01 2023-02-28 02877318 d:FurnitureFittings 2022-03-01 2023-02-28 02877318 d:FurnitureFittings 2023-02-28 02877318 d:FurnitureFittings 2022-02-28 02877318 d:FurnitureFittings d:OwnedOrFreeholdAssets 2022-03-01 2023-02-28 02877318 d:OwnedOrFreeholdAssets 2022-03-01 2023-02-28 02877318 d:CurrentFinancialInstruments 2023-02-28 02877318 d:CurrentFinancialInstruments 2022-02-28 02877318 d:Non-currentFinancialInstruments 2023-02-28 02877318 d:Non-currentFinancialInstruments 2022-02-28 02877318 d:CurrentFinancialInstruments d:WithinOneYear 2023-02-28 02877318 d:CurrentFinancialInstruments d:WithinOneYear 2022-02-28 02877318 d:Non-currentFinancialInstruments d:AfterOneYear 2023-02-28 02877318 d:Non-currentFinancialInstruments d:AfterOneYear 2022-02-28 02877318 d:ShareCapital 2023-02-28 02877318 d:ShareCapital 2022-02-28 02877318 d:RetainedEarningsAccumulatedLosses 2023-02-28 02877318 d:RetainedEarningsAccumulatedLosses 2022-02-28 02877318 c:OrdinaryShareClass1 2022-03-01 2023-02-28 02877318 c:OrdinaryShareClass1 2023-02-28 02877318 c:OrdinaryShareClass1 2022-02-28 02877318 c:FRS102 2022-03-01 2023-02-28 02877318 c:AuditExempt-NoAccountantsReport 2022-03-01 2023-02-28 02877318 c:FullAccounts 2022-03-01 2023-02-28 02877318 c:PrivateLimitedCompanyLtd 2022-03-01 2023-02-28 02877318 2 2022-03-01 2023-02-28 iso4217:GBP xbrli:shares xbrli:pure


Registered number: 02877318












AMENITY SPORTS MANAGEMENT LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2023


 
REGISTERED NUMBER:02877318
AMENITY SPORTS MANAGEMENT LIMITED

BALANCE SHEET
AS AT 28 FEBRUARY 2023

2023
2022
Note
£
£

Fixed assets
  

Tangible fixed assets
 4 
166,729
133,015

  
166,729
133,015

Current assets
  

Stocks
  
1,500
1,500

Debtors: amounts falling due within one year
 5 
252,093
193,231

Bank and cash balances
  
170,650
176,316

  
424,243
371,047

Creditors: amounts falling due within one year
 6 
(205,342)
(183,265)

Net current assets
  
 
 
218,901
 
 
187,782

Total assets less current liabilities
  
385,630
320,797

Creditors: amounts falling due after more than one year
 7 
(20,396)
-

  

Net assets
  
365,234
320,797


Capital and reserves
  

Called up share capital 
 8 
10,100
10,100

Profit and loss account
  
355,134
310,697

Total equity
  
365,234
320,797


Page 1


 
REGISTERED NUMBER:02877318
AMENITY SPORTS MANAGEMENT LIMITED
    
BALANCE SHEET (CONTINUED)
AS AT 28 FEBRUARY 2023

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 




A Davies
Director

Date: 18 October 2023

The notes on pages 3 to 9 form part of these financial statements.

Page 2

 

AMENITY SPORTS MANAGEMENT LIMITED

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2023

1.


General information

Amenity Sports Management Limited is a private company limited by shares incorporated in England and
Wales. The registered office is 16 Great Queen Street, Covent Garden, London, WC2B 5AH.
The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

 
2.2

Going concern

After making enquiries, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence and meet its liabilities as they fall due for the foreseeable future, being a period of at least twelve months from the date these financial statements were approved. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

 
2.3

Revenue

Turnover is recognised to the extent that it is probable that the economic benefits will flow to the Company and the turnover can be reliably measured. Turnover is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before turnover is recognised:

Rendering of services

Turnover from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of turnover can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.4

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
2.5

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

Page 3

 

AMENITY SPORTS MANAGEMENT LIMITED

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2023

2.Accounting policies (continued)

 
2.6

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Balance Sheet. The assets of the plan are held separately from the Company in independently administered funds.

  
2.7

Employee benefits

The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets.
The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.
Termination benefits are recognised immediately as an expense when the company is demonstrably
committed to terminate the employment of an employee or to provide termination benefits.

 
2.8

Taxation

The tax expense for the year comprises current and deferred tax. Tax is recognised in the profit and loss account, except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.
Current tax is the amount of income tax payable in respect of taxable profit for the year or prior years.
The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the company operates and generates income.

Deferred tax arises from timing differences that are differences between taxable profits and total comprehensive income as stated in the financial statements. These timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in the financial statements.
Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that:
 
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Page 4

 

AMENITY SPORTS MANAGEMENT LIMITED

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2023

2.Accounting policies (continued)

 
2.9

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, .

Depreciation is provided on the following basis:

Plant and machinery
-
25%
Motor vehicles
-
25%
Fixtures and fittings
-
20%

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.10

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours.

  
2.11

Stocks

Stocks are stated at cost and comprises of raw materials held for maintenance purposes.

  
2.12

Leases

Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessees. All other leases are classified as operating leases.
Assets held under finance leases are recognised as assets at the lower of the assets fair value at the date of inception and the present value of the minimum lease payments. The related liability is included in the balance sheet as a finance lease obligation. Lease payments are treated as consisting of capital and interest elements. The interest is charged to profit or loss so as to produce a constant periodic rate of interest on the remaining balance of the liability.
Rentals payable under operating leases, including any lease incentives received, are charged to profit or loss on a straight line basis over the term of the relevant lease except where another more systematic basis is more representative of the time pattern in which economic benefits from the leased asset are consumed.

Page 5

 

AMENITY SPORTS MANAGEMENT LIMITED

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2023

2.Accounting policies (continued)


2.13

Financial instruments

The Company has elected to apply Sections 11 and 12 of FRS 102 in respect of financial instruments.

Financial assets and financial liabilities are recognised when the Company becomes party to the contractual provisions of the instrument. 

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities. 
 
The Company’s policies for its major classes of financial assets and financial liabilities are set out below. 

Financial assets
Basic financial assets, including trade and other debtors, cash and bank balances, intercompany working capital balances, and intercompany financing are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest for a similar debt instrument. Financing transactions are those in which payment is deferred beyond normal business terms or is financed at a rate of interest that is not a market rate.

Such assets are subsequently carried at amortised cost using the effective interest method, less any impairment.

Financial liabilities

Basic financial liabilities, including trade and other creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Financing transactions are those in which payment is deferred beyond normal business terms or is financed at a rate of interest that is not a market rate.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Page 6

 

AMENITY SPORTS MANAGEMENT LIMITED

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2023

2.Accounting policies (continued)




Financial instruments (continued)

Impairment of financial assets
Financial assets measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the profit and loss account. 

For financial assets measured at cost less impairment, the impairment loss is measured as the difference between the asset's carrying amount and the best estimate of the amount the Company would receive for the asset if it were to be sold at the reporting date. 

For financial assets measured at amortised cost, the impairment loss is measured as the difference between the asset's carrying amount and the present value of estimated cash flows discounted at the asset's original effective interest rate. If the financial asset has a variable interest rate, the discount rate for measuring any impairment loss is the current effective interest rate determined under the contract.

If there is a decrease in the impairment loss arising from an event occurring after the impairment was recognised, the impairment is reversed. The reversal is such that the current carrying amount does not exceed what the carrying amount would have been had the impairment not previously been recognised. The impairment reversal is recognised in profit or loss.

Derecognition of financial assets and financial liabilities
Financial assets are derecognised when (a) the contractual rights to the cash flows from the asset expire or are settled, or (b) substantially all the risks and rewards of the ownership of the asset are transferred to another party or (c) despite having retained some significant risks and rewards of ownership, control of the asset has been transferred to another party who has the practical ability to unilaterally sell the asset to an unrelated third party without imposing additional restrictions. 
 
Financial liabilities are derecognised when the liability is extinguished, that is when the contractual obligation is discharged, cancelled or expires.

Offsetting of financial assets and financial liabilities
Financial assets and liabilities are offset and the net amount reported in the balance sheet when there is an enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

 
2.14

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.

  
2.15

Share capital

Ordinary shares are classified as equity.

Page 7

 

AMENITY SPORTS MANAGEMENT LIMITED

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2023

3.


Employees

The average monthly number of employees, including directors, during the year was 17 (2022 - 17).


4.


Tangible fixed assets





Plant and machinery
Motor vehicles
Fixtures and fittings
Total

£
£
£
£



Cost or valuation


At 1 March 2022
516,834
367,770
22,812
907,416


Additions
79,650
-
-
79,650


Disposals
(35,500)
-
-
(35,500)



At 28 February 2023

560,984
367,770
22,812
951,566



Depreciation


At 1 March 2022
494,198
257,391
22,812
774,401


Charge for the year
18,341
27,595
-
45,936


Disposals
(35,500)
-
-
(35,500)



At 28 February 2023

477,039
284,986
22,812
784,837



Net book value



At 28 February 2023
83,945
82,784
-
166,729



At 28 February 2022
22,636
110,379
-
133,015


5.


Debtors

2023
2022
£
£


Trade debtors
250,171
193,231

Prepayments and accrued income
1,922
-

252,093
193,231


Page 8

 

AMENITY SPORTS MANAGEMENT LIMITED

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2023

6.


Creditors: Amounts falling due within one year

2023
2022
£
£

Trade creditors
16,230
18,892

Corporation tax
21,587
27,591

Other taxation and social security
84,046
75,887

Obligations under finance lease and hire purchase contracts
24,475
4,887

Other creditors
51,654
51,508

Accruals and deferred income
7,350
4,500

205,342
183,265



7.


Creditors: Amounts falling due after more than one year

2023
2022
£
£

Net obligations under finance leases and hire purchase contracts
20,396
-

20,396
-



8.


Share capital

2023
2022
£
£
Allotted, called up and fully paid



10,100 (2022 - 10,100) Ordinary shares of £1.00 each
10,100
10,100



9.


Related party transactions

At the year end, included in other creditors is an amount of £50,000 (2022: £50,000) due to the directors. The loan is provided interest free and is unsecured. There are no formal terms and conditions regarding repayment of the loan.

 
Page 9