Company Registration No. 05294364 (England and Wales)
TDP SPORTS AND ENTERTAINMENT PROJECTS LIMITED
ANNUAL REPORT AND
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023
PAGES FOR FILING WITH REGISTRAR
TDP SPORTS AND ENTERTAINMENT PROJECTS LIMITED
BALANCE SHEET
AS AT 30 JUNE 2023
30 June 2023
1
2023
2022
Notes
£
£
£
£
Fixed assets
Tangible assets
3
Current assets
Debtors
4
15,621
5,513
Cash at bank and in hand
65,478
77,398
81,099
82,911
Creditors: amounts falling due within one year
5
(28,393)
(48,889)
Net current assets
52,706
34,022
Capital and reserves
Called up share capital
1
1
Profit and loss reserves
52,705
34,021
Total equity
52,706
34,022
The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true
For the financial year ended 30 June 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
The member has not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
TDP SPORTS AND ENTERTAINMENT PROJECTS LIMITED
BALANCE SHEET (CONTINUED)
AS AT 30 JUNE 2023
30 June 2023
2
The financial statements were approved by the board of directors and authorised for issue on 20 November 2023 and are signed on its behalf by:
Mr T Pople
Director
Company Registration No. 05294364
TDP SPORTS AND ENTERTAINMENT PROJECTS LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023
3
1
Accounting policies
Company information
TDP Sports and Entertainment Projects Limited is a private company limited by shares incorporated in England and Wales. The registered office is 7 Bournemouth RoadChandler's Ford, Eastleigh, Hampshire, SO53 3DA.
1.1
Accounting convention
These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.
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 financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.
1.2
Turnover
Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business.
1.3
Tangible fixed assets
Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.
Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:
Computer equipment
25% - 50% straight line
The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.
1.4
Financial instruments
The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.
Basic financial assets
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price. Financial assets classified as receivable within one year are not amortised.
TDP SPORTS AND ENTERTAINMENT PROJECTS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2023
1
Accounting policies (Continued)
4
Basic financial liabilities
Basic financial liabilities, including creditors, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.
1.5
Taxation
The tax expense represents the sum of the tax currently payable.
Current tax
The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.
2
Employees
The average monthly number of persons (including directors) employed by the company during the year was:
2023
2022
Number
Number
Total
1
1
TDP SPORTS AND ENTERTAINMENT PROJECTS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2023
5
3
Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 July 2022
550
Disposals
(550)
At 30 June 2023
Depreciation and impairment
At 1 July 2022
550
Eliminated in respect of disposals
(550)
At 30 June 2023
Carrying amount
At 30 June 2023
At 30 June 2022
4
Debtors
2023
2022
Amounts falling due within one year:
£
£
Trade debtors
15,621
5,513
5
Creditors: amounts falling due within one year
2023
2022
£
£
Other taxation and social security
22,022
12,955
Other creditors
6,371
35,934
28,393
48,889