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REGISTERED NUMBER: SC622403 (Scotland)















Unaudited Financial Statements for the Year Ended 28 February 2023

for

Pro Performance Academy Ltd

Pro Performance Academy Ltd (Registered number: SC622403)






Contents of the Financial Statements
for the Year Ended 28 February 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Pro Performance Academy Ltd

Company Information
for the Year Ended 28 February 2023







DIRECTORS: B A Munn
C W Tapping





REGISTERED OFFICE: 3 Sir William Wallace Court
Larbert
Stirlingshire
FK5 4GA





REGISTERED NUMBER: SC622403 (Scotland)





ACCOUNTANTS: Peter Deans Chartered Accountants
42 Stirling Street
Denny
Stirlingshire
FK6 6DJ

Pro Performance Academy Ltd (Registered number: SC622403)

Balance Sheet
28 February 2023

28.2.23 28.2.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,720 2,707

CURRENT ASSETS
Debtors 5 859 -
Cash at bank 2,616 785
3,475 785
CREDITORS
Amounts falling due within one year 6 2,776 4,860
NET CURRENT ASSETS/(LIABILITIES) 699 (4,075 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,419

(1,368

)

CREDITORS
Amounts falling due after more than one
year

7

(1,929

)

(2,722

)

PROVISIONS FOR LIABILITIES 8 (429 ) (514 )
NET ASSETS/(LIABILITIES) 61 (4,604 )

CAPITAL AND RESERVES
Called up share capital 9 2 2
Retained earnings 10 59 (4,606 )
SHAREHOLDERS' FUNDS 61 (4,604 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

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 Board of Directors and authorised for issue on 28 November 2023 and were signed on its behalf by:



B A Munn - Director



C W Tapping - Director


Pro Performance Academy Ltd (Registered number: SC622403)

Notes to the Financial Statements
for the Year Ended 28 February 2023

1. STATUTORY INFORMATION

Pro Performance Academy Ltd is a private company, limited by shares , registered in Scotland. The company's registered number and registered office address can be found on the Company Information page.

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.

During the year the company made a loss of £4,861 and at the balance sheet date its current liabilities exceeded its current assets by £4,075. The company meets its day to day working capital requirements through the continued support of the directors. With this continued support the directors are confident that the company will meet its cash flow requirements. The financial statements have been prepared on a going concern basis which assumes that the company will continue in operational existence for the foreseeable future.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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 - 25% on cost

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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

Pro Performance Academy Ltd (Registered number: SC622403)

Notes to the Financial Statements - continued
for the Year Ended 28 February 2023

4. TANGIBLE FIXED ASSETS
Plant and
machinery
£   
COST
At 1 March 2022
and 28 February 2023 3,948
DEPRECIATION
At 1 March 2022 1,241
Charge for year 987
At 28 February 2023 2,228
NET BOOK VALUE
At 28 February 2023 1,720
At 28 February 2022 2,707

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28.2.23 28.2.22
£    £   
Other debtors 859 -

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28.2.23 28.2.22
£    £   
Bank loans and overdrafts 793 773
Trade creditors 440 -
Taxation and social security 855 741
Other creditors 688 3,346
2,776 4,860

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
28.2.23 28.2.22
£    £   
Bank loans 1,929 2,722

8. PROVISIONS FOR LIABILITIES
28.2.23 28.2.22
£    £   
Deferred tax 429 514

Deferred
tax
£   
Balance at 1 March 2022 514
Accelerated capital allowances (85 )
Balance at 28 February 2023 429

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 28.2.23 28.2.22
value: £    £   
2 Ordinary £1 2 2

Pro Performance Academy Ltd (Registered number: SC622403)

Notes to the Financial Statements - continued
for the Year Ended 28 February 2023

10. RESERVES
Retained
earnings
£   

At 1 March 2022 (4,606 )
Profit for the year 7,185
Dividends (2,520 )
At 28 February 2023 59

11. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 28 February 2023 and 28 February 2022:

28.2.23 28.2.22
£    £   
B A Munn
Balance outstanding at start of year - -
Amounts advanced 828 -
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 828 -

C W Tapping
Balance outstanding at start of year - -
Amounts advanced 30 -
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 30 -

12. RELATED PARTY DISCLOSURES

During the year, total dividends of £2,520 were paid to the directors .

13. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is the directors.