Company registration number 14102718 (England and Wales)
AG SPORTS AND MEDIA LTD
UNAUDITED FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MAY 2023
AG SPORTS AND MEDIA LTD
ACCOUNTANTS' REPORT TO THE DIRECTOR ON THE PREPARATION OF THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF AG SPORTS AND MEDIA LTD FOR THE PERIOD ENDED 31 MAY 2023
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In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of AG Sports and Media Ltd for the period ended 31 May 2023, which comprise the statement of financial position, from the company’s accounting records and from information and explanations you have given us.
As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at https://www.icaew.com/regulation.
This report is made solely to the board of directors of AG Sports and Media Ltd, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the financial statements of AG Sports and Media Ltd and state those matters that we have agreed to state to the board of directors of AG Sports and Media Ltd, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than AG Sports and Media Ltd and its board of directors as a body, for our work or for this report.
It is your duty to ensure that AG Sports and Media Ltd has kept adequate accounting records and to prepare statutory financial statements that comply with the requirements of the Companies Act 2006. You consider that AG Sports and Media Ltd is exempt from the statutory audit requirement for the period.
We have not been instructed to carry out an audit or a review of the financial statements of AG Sports and Media Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.
HSKSG
7 February 2024
Chartered Accountants
18 St Christopher's Way
Pride Park
Derby
DE24 8JY
AG SPORTS AND MEDIA LTD
STATEMENT OF FINANCIAL POSITION
AS AT 31 MAY 2023
31 May 2023
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2023
£
£
Fixed assets
122,242
Current assets
168,812
Creditors: amounts falling due within one year
(155,829)
Net current assets
12,983
Total assets less current liabilities
135,225
Net assets
135,225
Capital and reserves
135,225
Notes to the financial statements
1
Reporting period
The financial statements have been prepared for the period from incorporation on 12 May 2022 to 31 May 2023.
2
Director's benefits: advances, credit and guarantees
Throughout the period the director held a loan with the company. As at the balance sheet date £157,730 was payable by the director to the company. The maximum amount outstanding due to the company during the period was £475,590. Interest is charged at HM Revenue & Customs approved rates. The loan is unsecured and repayable on demand.
3
Employees
The average number of persons, including directors, employed by the company during the period was as follows:
2023
Number
Employees
AG Sports and Media Ltd is a private company limited by shares incorporated in England and Wales. The registered office is 18 St Christopher's Way, Pride Park, Derby, DE24 8JY.
For the period ended 31 May 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
The members have not required the company to obtain an audit of its financial statements for the period in question in accordance with section 476.
AG SPORTS AND MEDIA LTD
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 MAY 2023
31 May 2023
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These financial statements have been prepared in accordance with the micro-entity provisions and in accordance with FRS 105 'The Financial Reporting Standard applicable to the Micro-entities Regime' and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
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 £.
The director of the company has elected not to include a copy of the income statement within the financial statements.true
The financial statements were approved and signed by the director and authorised for issue on 7 February 2024
..............................................
Mr A D Gray
Company registration number 14102718 (England and Wales)