14 April 2022 false No description of principal activity Taxfiler 2023.11.1 14047336business:CompanyLimitedByGuarantee2022-04-142023-08-31 140473362022-04-13 140473362022-04-142023-08-31 14047336business:AuditExemptWithAccountantsReport2022-04-142023-08-31 14047336business:FilletedAccounts2022-04-142023-08-31 140473362023-08-31 14047336business:Director12022-04-142023-08-31 14047336business:Director22022-04-142023-08-31 14047336business:RegisteredOffice2022-04-142023-08-31 14047336core:WithinOneYear2023-08-31 14047336core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-08-31 14047336core:PreviouslyStatedAmount2023-08-31 14047336business:SmallEntities2022-04-142023-08-31 14047336countries:EnglandWales2022-04-142023-08-31 14047336core:PlantMachinery2022-04-142023-08-31 14047336core:PlantMachinery2022-04-13 14047336core:PlantMachinery2023-08-31 iso4217:GBP xbrli:pure
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
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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
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Scorpions Basketball Limited Statement of financial position as at 31 August 2023
2023 
Notes
£ 
Fixed assets
Tangible assets
7,889 
Current assets
Debtors
628 
Cash at bank and in hand
2,789 
3,417 
Creditors: amounts falling due within one year
(5,558)
Net current liabilities
(2,141)
Net assets
5,748 
Reserves
Profit and loss account
5,748 
Members' funds
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
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Scorpions Basketball Limited Notes to the Accounts for the period from 14 April 2022 to 31 August 2023
1
Statutory information
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.
2
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
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
4
Tangible fixed assets
Plant & machinery 
£ 
Cost or valuation
At cost 
At 14 April 2022
- 
Additions
8,937 
At 31 August 2023
8,937 
Depreciation
Charge for the period
1,048 
At 31 August 2023
1,048 
Net book value
At 31 August 2023
7,889 
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Scorpions Basketball Limited Notes to the Accounts for the period from 14 April 2022 to 31 August 2023
5
Debtors
2023 
£ 
Amounts falling due within one year
Trade debtors
577 
Other debtors
51 
628 
6
Creditors: amounts falling due within one year
2023 
£ 
Taxes and social security
383 
Other creditors
1,568 
Accruals
3,607 
5,558 
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.
8
Average number of employees
During the period the average number of employees was 2.
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