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REGISTERED NUMBER: 06691652 (England and Wales)




















SPORTS FINANCIAL SERVICES LIMITED

Unaudited Financial Statements

for the Year Ended 30 June 2023






SPORTS FINANCIAL SERVICES LIMITED (REGISTERED NUMBER: 06691652)






Contents of the Financial Statements
FOR THE YEAR ENDED 30 JUNE 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


SPORTS FINANCIAL SERVICES LIMITED

Company Information
FOR THE YEAR ENDED 30 JUNE 2023







DIRECTOR: J A H Sutton





SECRETARY: J A H Sutton





REGISTERED OFFICE: Trinity House
114 Northenden Road
Sale
Cheshire
M33 3HD





REGISTERED NUMBER: 06691652 (England and Wales)





ACCOUNTANTS: SCCA Limited T/a Stafford & Co
Chartered Accountants
3 The Studios
320 Chorley Old Road
Bolton
Lancashire
BL1 4JU

SPORTS FINANCIAL SERVICES LIMITED (REGISTERED NUMBER: 06691652)

Balance Sheet
30 JUNE 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 916 1,342

CURRENT ASSETS
Debtors 5 199,000 220,819
Cash at bank 239,410 159,529
438,410 380,348
CREDITORS
Amounts falling due within one year 6 284,705 65,549
NET CURRENT ASSETS 153,705 314,799
TOTAL ASSETS LESS CURRENT
LIABILITIES

154,621

316,141

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 154,521 316,041
SHAREHOLDERS' FUNDS 154,621 316,141

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 14 December 2023 and were signed by:





J A H Sutton - Director


SPORTS FINANCIAL SERVICES LIMITED (REGISTERED NUMBER: 06691652)

Notes to the Financial Statements
FOR THE YEAR ENDED 30 JUNE 2023

1. STATUTORY INFORMATION

Sports Financial Services 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.

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 etc - 20% straight line

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 8 (2022 - 1 ) .

SPORTS FINANCIAL SERVICES LIMITED (REGISTERED NUMBER: 06691652)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 30 JUNE 2023

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 July 2022
and 30 June 2023 5,813
DEPRECIATION
At 1 July 2022 4,471
Charge for year 426
At 30 June 2023 4,897
NET BOOK VALUE
At 30 June 2023 916
At 30 June 2022 1,342

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other debtors 199,000 220,819

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 3,466 2,056
Taxation and social security 5,682 42,757
Other creditors 275,557 20,736
284,705 65,549

7. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30 June 2023 and 30 June 2022:

2023 2022
£    £   
J A H Sutton
Balance outstanding at start of year 22,492 20,235
Amounts advanced 62,677 126,247
Amounts repaid (80,000 ) (123,990 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 5,169 22,492

8. ULTIMATE CONTROLLING PARTY

The controlling party is J A H Sutton.