Allstars Sports Group Ltd 13921999 false 2022-02-17 2023-02-28 2023-02-28 The principal activity of the company is sports and recreation education. Digita Accounts Production Advanced 6.30.9574.0 true true 13921999 2022-02-17 2023-02-28 13921999 2023-02-28 13921999 core:RetainedEarningsAccumulatedLosses 2023-02-28 13921999 core:ShareCapital 2023-02-28 13921999 core:CurrentFinancialInstruments 2023-02-28 13921999 core:CurrentFinancialInstruments core:WithinOneYear 2023-02-28 13921999 bus:SmallEntities 2022-02-17 2023-02-28 13921999 bus:AuditExemptWithAccountantsReport 2022-02-17 2023-02-28 13921999 bus:FullAccounts 2022-02-17 2023-02-28 13921999 bus:SmallCompaniesRegimeForAccounts 2022-02-17 2023-02-28 13921999 bus:RegisteredOffice 2022-02-17 2023-02-28 13921999 bus:Director1 2022-02-17 2023-02-28 13921999 bus:PrivateLimitedCompanyLtd 2022-02-17 2023-02-28 13921999 countries:EnglandWales 2022-02-17 2023-02-28 iso4217:GBP xbrli:pure

Registration number: 13921999

Allstars Sports Group Ltd

Unaudited Financial Statements

for the Period from 17 February 2022 to 28 February 2023

 

Allstars Sports Group Ltd

Contents

Company Information

1

Balance Sheet

2

Notes to the Unaudited Financial Statements

3 to 4

 

Allstars Sports Group Ltd

Company Information

Director

C Heath

Registered office

7-9 Macon Court
Crewe
Cheshire
CW1 6EA

Accountants

Alextra Group Limited
Chartered Certified Accountants
7-9 Macon Court
Crewe
Cheshire
CW1 6EA

 

Allstars Sports Group Ltd

(Registration number: 13921999)
Balance Sheet as at 28 February 2023

Note

2023
£

Current assets

 

Debtors

4

1,267

Cash at bank and in hand

 

36

 

1,303

Creditors: Amounts falling due within one year

5

(2,660)

Net liabilities

 

(1,357)

Capital and reserves

 

Called up share capital

1

Retained earnings

(1,358)

Shareholders' deficit

 

(1,357)

For the financial period ending 28 February 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the period in question in accordance with section 476; and

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account and the directors' report.

Approved and authorised by the director on 14 November 2023
 

.........................................
C Heath
Director

 

Allstars Sports Group Ltd

Notes to the Unaudited Financial Statements for the Period from 17 February 2022 to 28 February 2023

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
7-9 Macon Court
Crewe
Cheshire
CW1 6EA
UK

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis. The company meets its day to day working capital requirements through funds provided by the company suppliers. The directors consider that these facilities will continue to be made available to the company. On this basis, the directors consider it appropriate to prepare the financial statements on the going concern basis. The financial statements do not include any adjustments which would result if the going concern basis were not appropriate.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

 

Allstars Sports Group Ltd

Notes to the Unaudited Financial Statements for the Period from 17 February 2022 to 28 February 2023

The current tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

3

Staff numbers

The average number of persons employed by the company (including the director) during the period, was 1.

4

Debtors

Current

2023
£

Other debtors

1,267

5

Creditors

Creditors: amounts falling due within one year

Note

2023
£

Due within one year

 

Loans and borrowings

200

Accruals and deferred income

 

2,460

 

2,660