Company Registration No. 14047336 (England and Wales)
Scorpions Basketball Limited
Unaudited accounts
for the period from 14 April 2022 to 31 August 2023
Scorpions Basketball Limited
Unaudited accounts
Contents
Scorpions Basketball Limited
Company Information
for the period from 14 April 2022 to 31 August 2023
Directors
Daniel Seaman
Matthew Seaman
Company Number
14047336 (England and Wales)
Registered Office
60 FRIARS STREET
SHOEBURYNESS
SOUTHEND-ON-SEA
SS3 9BG
ENGLAND
Accountants
SilverstoneBKS Limited
127 Raphael Drive
Shoeburyness
Southend on Sea
Essex
SS3 9UR
Scorpions Basketball Limited
Statement of financial position
as at 31 August 2023
Cash at bank and in hand
2,789
Creditors: amounts falling due within one year
(5,558)
Net current liabilities
(2,141)
Profit and loss account
5,748
For the period ending 31 August 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 19 January 2024 and were signed on its behalf by
Daniel Seaman
Director
Company Registration No. 14047336
Scorpions Basketball Limited
Notes to the Accounts
for the period from 14 April 2022 to 31 August 2023
Scorpions Basketball Limited is a private company, limited by guarantee, registered in England and Wales, registration number 14047336. The registered office is 60 FRIARS STREET, SHOEBURYNESS, SOUTHEND-ON-SEA, SS3 9BG, ENGLAND.
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Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25% straight line
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Tangible fixed assets
Plant & machinery
Charge for the period
1,048
Scorpions Basketball Limited
Notes to the Accounts
for the period from 14 April 2022 to 31 August 2023
Amounts falling due within one year
6
Creditors: amounts falling due within one year
2023
Taxes and social security
383
7
Company limited by guarantee
The company is limited by guarantee and has no share capital.
Every member of the company undertakes to contribute to the assets of the company, in the event of a winding up, such an amount as may be required not exceeding £1.
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Average number of employees
During the period the average number of employees was 2.