1 false false false false false false false false false true false false false false false false No description of principal activity 2022-03-01 Sage Accounts Production Advanced 2021 - FRS102_2021 1,533 1,261 68 1,329 204 272 xbrli:pure xbrli:shares iso4217:GBP 08305501 2022-03-01 2023-02-28 08305501 2023-02-28 08305501 2022-02-28 08305501 2021-03-01 2022-02-28 08305501 2022-02-28 08305501 bus:Director1 2022-03-01 2023-02-28 08305501 core:WithinOneYear 2023-02-28 08305501 core:WithinOneYear 2022-02-28 08305501 core:ShareCapital 2023-02-28 08305501 core:ShareCapital 2022-02-28 08305501 core:RetainedEarningsAccumulatedLosses 2023-02-28 08305501 core:RetainedEarningsAccumulatedLosses 2022-02-28 08305501 bus:SmallEntities 2022-03-01 2023-02-28 08305501 bus:AuditExemptWithAccountantsReport 2022-03-01 2023-02-28 08305501 bus:FullAccounts 2022-03-01 2023-02-28 08305501 bus:SmallCompaniesRegimeForAccounts 2022-03-01 2023-02-28 08305501 bus:PrivateLimitedCompanyLtd 2022-03-01 2023-02-28 08305501 core:FurnitureFittingsToolsEquipment 2022-03-01 2023-02-28 08305501 core:FurnitureFittingsToolsEquipment 2023-02-28 08305501 core:FurnitureFittingsToolsEquipment 2022-02-28
COMPANY REGISTRATION NUMBER: 08305501
Sports Ground Design Ltd
Filleted Unaudited Financial Statements
28 February 2023
Sports Ground Design Ltd
Balance Sheet
28 February 2023
2023
2022
Note
£
£
£
£
Fixed assets
Tangible assets
5
204
272
Current assets
Debtors
6
267,973
284,755
Cash at bank and in hand
10,105
14,277
---------
---------
278,078
299,032
Creditors: amounts falling due within one year
7
( 16,413)
( 31,239)
---------
---------
Net current assets
261,665
267,793
---------
---------
Total assets less current liabilities
261,869
268,065
---------
---------
Net assets
261,869
268,065
---------
---------
Capital and reserves
Called up share capital
100
100
Profit and loss account
261,769
267,965
---------
---------
Shareholders funds
261,869
268,065
---------
---------
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 profit and loss account has not been delivered.
For the year 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 financial statements for the year in question in accordance with section 476 ;
- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
Sports Ground Design Ltd
Balance Sheet (continued)
28 February 2023
These financial statements were approved by the board of directors and authorised for issue on 27 November 2023 , and are signed on behalf of the board by:
Mr R MacGregor
Director
Company registration number: 08305501
Sports Ground Design Ltd
Notes to the Financial Statements
Year ended 28 February 2023
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is The Old Forge, Bowling Green Yard, Kirkgate, Knaresborough, HG5 8FL.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the 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.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable for services rendered, net of discounts and Value Added Tax.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.
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:
Fixtures, fittings and equipment
-
25% reducing balance
Impairment of fixed assets
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. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets. For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the company are assigned to those units.
Financial instruments
The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities such as trade and other debtors and creditors and loans from banks and other third parties.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 1 (2022: 1 ).
5. Tangible assets
Fixtures, fittings and equipment
Total
£
£
Cost
At 1 March 2022 and 28 February 2023
1,533
1,533
-------
-------
Depreciation
At 1 March 2022
1,261
1,261
Charge for the year
68
68
-------
-------
At 28 February 2023
1,329
1,329
-------
-------
Carrying amount
At 28 February 2023
204
204
-------
-------
At 28 February 2022
272
272
-------
-------
6. Debtors
2023
2022
£
£
Amounts owed by group undertakings and undertakings in which the company has a participating interest
265,996
265,996
Other debtors
1,977
18,759
---------
---------
267,973
284,755
---------
---------
7. Creditors: amounts falling due within one year
2023
2022
£
£
Social security and other taxes
609
Directors current account
15,413
30,630
Other creditors
1,000
--------
--------
16,413
31,239
--------
--------
8. Related party transactions
The company was owed £265,996 (2022: £265,996) at the balance sheet date by MacG Racing Limited. MacG Racing Limited holds 75 Ordinary A shares in the company. Mr R MacGregor is a director and shareholder of MacG Racing Limited.