Caseware UK (AP4) 2022.0.179 2022.0.179 2023-06-3012022-07-01No description of principal activityfalse1falsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 09111565 2022-07-01 2023-06-30 09111565 2021-07-01 2022-06-30 09111565 2023-06-30 09111565 2022-06-30 09111565 c:Director1 2022-07-01 2023-06-30 09111565 c:RegisteredOffice 2022-07-01 2023-06-30 09111565 d:CurrentFinancialInstruments 2023-06-30 09111565 d:CurrentFinancialInstruments 2022-06-30 09111565 d:CurrentFinancialInstruments d:WithinOneYear 2023-06-30 09111565 d:CurrentFinancialInstruments d:WithinOneYear 2022-06-30 09111565 d:ShareCapital 2023-06-30 09111565 d:ShareCapital 2022-06-30 09111565 d:RetainedEarningsAccumulatedLosses 2023-06-30 09111565 d:RetainedEarningsAccumulatedLosses 2022-06-30 09111565 c:OrdinaryShareClass1 2022-07-01 2023-06-30 09111565 c:OrdinaryShareClass1 2023-06-30 09111565 c:OrdinaryShareClass1 2022-06-30 09111565 c:FRS102 2022-07-01 2023-06-30 09111565 c:AuditExempt-NoAccountantsReport 2022-07-01 2023-06-30 09111565 c:FullAccounts 2022-07-01 2023-06-30 09111565 c:PrivateLimitedCompanyLtd 2022-07-01 2023-06-30 09111565 e:PoundSterling 2022-07-01 2023-06-30 xbrli:shares iso4217:GBP xbrli:pure
Registered number: 09111565










TOPSCORE SPORTS LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023




















 
TOPSCORE SPORTS LIMITED
 
 
Company Information


Director
J A Hoyle 




Registered number
09111565



Registered office
2nd Floor
130 Shaftesbury Avenue

London

W1D 5EU





 
TOPSCORE SPORTS LIMITED
Registered number: 09111565

Balance sheet
As at 30 June 2023

2023
2022
Note

  

Current assets
  

Debtors: amounts falling due within one year
 4 
422,710
2,662,906

Cash at bank and in hand
  
6,492,576
4,294,443

  
6,915,286
6,957,349

Creditors: amounts falling due within one year
 5 
(6,631,956)
(6,647,335)

Net current assets
  
 
 
283,330
 
 
310,014

Total assets less current liabilities
  
283,330
310,014

  

Net assets
  
283,330
310,014


Capital and reserves
  

Called up share capital 
 6 
126
126

Profit and loss account
  
283,204
309,888

  
283,330
310,014


The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges her responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared 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 financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the profit and loss account in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 11 March 2024.




J A Hoyle
Director

The notes on pages 2 to 4 form part of these financial statements.

Page 1

 
TOPSCORE SPORTS LIMITED
 
 
 
Notes to the financial statements
For the Year Ended 30 June 2023

1.


General information

Topscore Sports Limited is a private limited company, incorporated in the United Kingdom and registered in England and Wales. The Company's registered office address is 2nd Floor, 130 Shaftesbury Avenue, London W1D 5EU.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgment in applying the Company's accounting policies.

The following principal accounting policies have been applied:

 
2.2

Going concern

The accounts have been prepared on a going concern basis as the director has reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future.

 
2.3

Turnover

The Turnover shown in the Profit and loss account represents amounts receivable during the year, exclusive of Value Added Tax.

Turnover is recognised when the company has the right to consideration following completion of the player transfer.

 
2.4

Debtors

Short-term debtors are measured at transaction price, less any impairment. 

 
2.5

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. 

 
2.6

Financial instruments

The Company has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments.

Basic financial assets

Basic financial assets, which include trade and other receivables, cash and bank balances, are initially measured at their transaction price including transaction costs and are subsequently carried at their amortised cost using the effective interest method, less any provision for impairment, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.
Page 2

 
TOPSCORE SPORTS LIMITED
 
 
 
Notes to the financial statements
For the Year Ended 30 June 2023

2.Accounting policies (continued)


2.6
Financial instruments (continued)


Discounting is omitted where the effect of discounting is immaterial. The Company's cash and cash equivalents, trade and most other receivables due with the operating cycle fall into this category of financial instruments.

 
2.7

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.8

Foreign currency translation

Functional and presentation currency

The Company's functional and presentational currency is Euros.

Transactions and balances

Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.

At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.

Foreign exchange gains and losses resulting from the settlement of transactions and from the translation at period-end exchange rates of monetary assets and liabilities denominated in foreign currencies are recognised in the Profit and loss account, except when deferred in other comprehensive income as qualifying cash flow hedges.

 
2.9

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.


3.


Employees

The average monthly number of employees, including directors, during the year was 1 (2022 - 1).

Page 3

 
TOPSCORE SPORTS LIMITED
 
 
 
Notes to the financial statements
For the Year Ended 30 June 2023

4.


Debtors

2023
2022


Trade debtors
407,327
2,487,327

Other debtors
13,887
174,186

Prepayments and accrued income
1,496
1,393

422,710
2,662,906



5.


Creditors: Amounts falling due within one year

2023
2022

Trade creditors
6,616,075
6,632,879

Accruals and deferred income
15,881
14,456

6,631,956
6,647,335



6.


Share capital

2023
2022
Allotted, called up and unpaid



126 (2022 - 126) Ordinary shares of £1.00 each
126
126


 
Page 4