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REGISTERED NUMBER: 05552916 (England and Wales)















Financial Statements for the Year Ended 30 September 2023

for

Active Sports Group INT Limited

Active Sports Group INT Limited (Registered number: 05552916)






Contents of the Financial Statements
for the Year Ended 30 September 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Active Sports Group INT Limited

Company Information
for the Year Ended 30 September 2023







DIRECTOR: M Whitwood





REGISTERED OFFICE: 100 Sefton Lane
Maghull
Liverpool
Merseyside
L31 8BT





REGISTERED NUMBER: 05552916 (England and Wales)





ACCOUNTANTS: Cobham Murphy
116 Duke Street
Liverpool
Merseyside
L1 5JW

Active Sports Group INT Limited (Registered number: 05552916)

Balance Sheet
30 September 2023

30.9.23 30.9.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 144,202 80,275
Tangible assets 5 14,298 6,936
158,500 87,211

CURRENT ASSETS
Debtors 6 44,677 67,089
Cash at bank 32,452 54
77,129 67,143
CREDITORS
Amounts falling due within one year 7 132,464 60,105
NET CURRENT (LIABILITIES)/ASSETS (55,335 ) 7,038
TOTAL ASSETS LESS CURRENT
LIABILITIES

103,165

94,249

CREDITORS
Amounts falling due after more than one
year

8

(41,200

)

(59,624

)

PROVISIONS FOR LIABILITIES (2,717 ) (1,313 )

ACCRUALS AND DEFERRED INCOME (3,996 ) (10,994 )
NET ASSETS 55,252 22,318

CAPITAL AND RESERVES
Called up share capital 200 200
Retained earnings 55,052 22,118
SHAREHOLDERS' FUNDS 55,252 22,318

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 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.

Active Sports Group INT Limited (Registered number: 05552916)

Balance Sheet - continued
30 September 2023


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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 6 October 2023 and were signed by:





M Whitwood - Director


Active Sports Group INT Limited (Registered number: 05552916)

Notes to the Financial Statements
for the Year Ended 30 September 2023

1. STATUTORY INFORMATION

Active Sports Group INT 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Significant judgements and estimates
There are no judgements (apart from those involving estimates) that have had a significant effect on amounts recognised in the financial statements.

Turnover
Turnover is measured at the fair value of the sports educational fees, soccer club fees and franchise fees received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Revenue is recognised when the coaching is complete.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Computer software is being amortised evenly over its estimated useful life of five years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 33% on cost and 20% on cost

Financial instruments
Directors loans and intercompany loans (being repayable on demand), trade debtors and trade creditors are measured at the undiscounted amount of the cash or other consideration expected to be paid or received.

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.


Active Sports Group INT Limited (Registered number: 05552916)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2023

2. ACCOUNTING POLICIES - continued
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.

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.

Government grants
Grants that relate to capital expenditure on tangible assets are credited to the profit and loss account at the same rates as the depreciation on the assets to which the grants relate. Grants of a revenue nature are credited to income in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2022 - 6 ) .

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1 October 2022 153,173
Additions 115,391
At 30 September 2023 268,564
AMORTISATION
At 1 October 2022 72,898
Charge for year 51,464
At 30 September 2023 124,362
NET BOOK VALUE
At 30 September 2023 144,202
At 30 September 2022 80,275

Active Sports Group INT Limited (Registered number: 05552916)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2023

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 October 2022 24,264
Additions 11,705
At 30 September 2023 35,969
DEPRECIATION
At 1 October 2022 17,328
Charge for year 4,343
At 30 September 2023 21,671
NET BOOK VALUE
At 30 September 2023 14,298
At 30 September 2022 6,936

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.23 30.9.22
£    £   
Trade debtors 38,256 59,000
Other debtors 6,421 8,089
44,677 67,089

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.23 30.9.22
£    £   
Bank loans and overdrafts 13,520 20,737
Trade creditors 3,190 3,190
Taxation and social security 52,609 13,988
Other creditors 63,145 22,190
132,464 60,105

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.9.23 30.9.22
£    £   
Bank loans 1,591 12,257
Other creditors 39,609 47,367
41,200 59,624

Amounts falling due in more than five years:

Repayable by instalments
Other loans more 5yrs instal 11,650 -

Active Sports Group INT Limited (Registered number: 05552916)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2023

9. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
30.9.23 30.9.22
£    £   
Within one year 4,702 4,702
Between one and five years 18,052 22,754
22,754 27,456

10. SECURED DEBTS

The following secured debts are included within creditors:

30.9.23 30.9.22
£    £   
Bank overdraft - 7,217
Bank loans 15,111 25,777
15,111 32,994

11. RELATED PARTY DISCLOSURES

Included in other debtors at 30th September 2023 is £3,605 owed from a related party under common control. The loan is repayable on demand and interest free.