IRIS Accounts Production v23.3.0.418 11080795 director 1.6.22 31.5.23 31.5.23 false true false false true false Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh110807952022-05-31110807952023-05-31110807952022-06-012023-05-31110807952020-11-30110807952020-12-012022-05-31110807952022-05-3111080795ns10:Originalns15:EnglandWales2022-06-012023-05-3111080795ns14:PoundSterlingns10:Original2022-06-012023-05-3111080795ns10:Originalns10:Director12022-06-012023-05-3111080795ns10:Original2022-06-012023-05-3111080795ns10:Original2023-05-3111080795ns10:Originalns10:PrivateLimitedCompanyLtd2022-06-012023-05-3111080795ns10:Originalns10:SmallEntities2022-06-012023-05-3111080795ns10:Originalns10:AuditExempt-NoAccountantsReport2022-06-012023-05-3111080795ns10:Originalns10:SmallCompaniesRegimeForDirectorsReport2022-06-012023-05-3111080795ns10:SmallCompaniesRegimeForAccountsns10:Original2022-06-012023-05-3111080795ns10:Originalns10:FullAccounts2022-06-012023-05-3111080795ns10:Originalns10:OrdinaryShareClass12022-06-012023-05-3111080795ns10:Originalns10:RegisteredOffice2022-06-012023-05-3111080795ns10:Original2022-05-3111080795ns10:Originalns5:CurrentFinancialInstruments2023-05-3111080795ns10:Originalns5:CurrentFinancialInstruments2022-05-3111080795ns10:Originalns5:Non-currentFinancialInstruments2023-05-3111080795ns10:Originalns5:Non-currentFinancialInstruments2022-05-3111080795ns5:ShareCapitalns10:Original2023-05-3111080795ns5:ShareCapitalns10:Original2022-05-3111080795ns10:Originalns5:RetainedEarningsAccumulatedLosses2023-05-3111080795ns10:Originalns5:RetainedEarningsAccumulatedLosses2022-05-3111080795ns10:Original2020-12-012022-05-3111080795ns10:Originalns5:CurrentFinancialInstruments2022-06-012023-05-3111080795ns10:Originalns5:Non-currentFinancialInstrumentsns5:BetweenOneTwoYears2023-05-3111080795ns10:Originalns5:Non-currentFinancialInstrumentsns5:BetweenOneTwoYears2022-05-3111080795ns10:Originalns5:Non-currentFinancialInstruments2022-06-012023-05-3111080795ns10:Originalns10:OrdinaryShareClass12023-05-31
REGISTERED NUMBER: 11080795 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MAY 2023

FOR

SELECT SPORTS MANAGEMENT LIMITED

SELECT SPORTS MANAGEMENT LIMITED (REGISTERED NUMBER: 11080795)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


SELECT SPORTS MANAGEMENT LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MAY 2023







DIRECTOR: L B Tarry





REGISTERED OFFICE: Room 73
Wrest House
Wrest Park
Silsoe
Bedfordshire
MK45 4HR





REGISTERED NUMBER: 11080795 (England and Wales)





ACCOUNTANTS: MDG Business Associates Limited
Room 73
Wrest House
Wrest Park
Silsoe
Bedfordshire
MK45 4HR

SELECT SPORTS MANAGEMENT LIMITED (REGISTERED NUMBER: 11080795)

BALANCE SHEET
31 MAY 2023

2023 2022
Notes £    £   
CURRENT ASSETS
Cash at bank 5 194

CREDITORS
Amounts falling due within one year 4 35,751 12,167
NET CURRENT LIABILITIES (35,746 ) (11,973 )
TOTAL ASSETS LESS CURRENT LIABILITIES (35,746 ) (11,973 )

CREDITORS
Amounts falling due after more than one year 5 29,167 29,167
NET LIABILITIES (64,913 ) (41,140 )

CAPITAL AND RESERVES
Called up share capital 6 100 100
Retained earnings (65,013 ) (41,240 )
SHAREHOLDERS' FUNDS (64,913 ) (41,140 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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 director and authorised for issue on 12 February 2024 and were signed by:





L B Tarry - Director


SELECT SPORTS MANAGEMENT LIMITED (REGISTERED NUMBER: 11080795)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2023

1. STATUTORY INFORMATION

Select Sports Management 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.

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.

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

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.

Business bounce back loan scheme
The Bounce Back Loan Scheme (BBLS) enables smaller businesses to access finance more quickly during the coronavirus outbreak. The scheme helps small and medium-sized businesses to borrow between £2,000 and up to 25% of their turnover. The maximum loan available is £50,000. The government guarantees 100% of the loan and there are no fees or interest to pay for the first 12 months. After 12 months the interest rate will be 2.5% a year.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 2 ) .

4. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 5,833 5,833
Trade creditors 527 -
Corporation tax 3,938 5,478
Other creditors 24,953 356
Accruals and deferred income 500 500
35,751 12,167

The bank loan relates to a Business Bounce Back Loan undertaken in the prior year and guaranteed by the government. Interest is being charged at 2.5% per annum.

5. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Bank loans - 1-2 years 29,167 29,167

The bank loan relates to a Business Bounce Back Loan undertaken in the prior year and guaranteed by the government. Interest is being charged at 2.5% per annum.

SELECT SPORTS MANAGEMENT LIMITED (REGISTERED NUMBER: 11080795)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 2023

6. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
100 Ordinary 1 100 100

7. RELATED PARTY DISCLOSURES

Within creditors is an amount of £24,953 (2022: £356) due from the company to L B Tarry, director. During the year interest of £Nil (2022: £Nil) was charged on this balance and there are no set repayment terms.