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Registered Number: 08793564
England and Wales

 

 

 

TEACH ME TENNIS LTD


Abridged Accounts
 


Period of accounts

Start date: 01 December 2022

End date: 30 November 2023
 
 
Notes
 
2023
£
  2022
£
Fixed assets      
Tangible fixed assets 3 2,135    1,313 
2,135    1,313 
Current assets      
Stocks 2,000    1,200 
Debtors 1,372    1,116 
Cash at bank and in hand 24,535    34,605 
27,907    36,921 
Creditors: amount falling due within one year (27,190)   (35,443)
Net current assets 717    1,478 
 
Total assets less current liabilities 2,852    2,791 
Provisions for liabilities (406)   (249)
Net assets 2,446    2,542 
 

Capital and reserves
     
Called up share capital 2    2 
Profit and loss account 2,444    2,540 
Shareholder's funds 2,446    2,542 
 


For the year ended 30 November 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:
  1. The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
  2. The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
These 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 to the Registrar of Companies.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with section 444(2A).
This report was approved and signed on behalf of the board of


-------------------------------
O Fry
Director
1
General Information
Teach Me Tennis Ltd is a private company, limited by shares, registered in England and Wales, registration number 08793564, registration address 13 Rowallan Close, Caversham, Reading, Berkshire, RG4 6QS.

The presentation currency is £ sterling.
1.

Accounting policies

Significant accounting policies
Statement of compliance
These financial statements have been prepared in compliance with FRS 102(1A) The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
Basis of preparation
The financial statements have been prepared under the historical cost convention as modified by the revaluation of land and buildings and certain financial instruments measured at fair value in accordance with the accounting policies.

Going concern
The accounts are prepared on a going concern basis. The use of the going concern basis of accounting is appropriate because there are no material uncertainties related to events or conditions that may cast significant doubt about the ability of the company to continue as a going concern.
Turnover
Turnover represents net sales of services, excluding value added tax. Sales income is recognised at the point at which the service is provided.
Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the statement of income, 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 statement of financial position date.
Deferred taxation
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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 and 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.
Tangible fixed assets
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost of fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Plant and Machinary - 20% on Cost
Computer Equipment - 33% on Cost
At each reporting date fixed assets are reviewed to determine whether there is any indication that those assets have suffered an impairment loss. If there is an indication of possible impairment, the recoverable amount of any affected asset is estimated and compared with its carrying amount. If estimated recoverable amount is lower, the carrying amount is reduced to its estimated recoverable amount and an impairment loss is recognised immediately in profit or loss.
If an impairment loss subsequently reverses, the carrying amount of the asset is increased to the revised estimate of its recoverable amount, but not in excess of the amount that would have been determined had no impairment loss been recognised for the asset in prior years. A reversal of an impairment loss is recognised immediately in profit or loss.
Stocks
Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. 
Debtors
Short term debtors are measured at transaction price less any impairment. Loans receivable are measured at initially at fair value, net of transaction costs, and are measured subsequently at amortised costs using the effective interest method.
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 subsequently measured at amortised costs using the effective interest method.
2.

Average number of employees

Average number of employees during the year was 2 (2022 : 2).
3.

Tangible fixed assets

Cost or valuation Plant and Machinery   Computer Equipment   Total
  £   £   £
At 01 December 2022 420    5,336    5,756 
Additions   1,838    1,838 
Disposals   (1,249)   (1,249)
At 30 November 2023 420    5,925    6,345 
Depreciation
At 01 December 2022 168    4,275    4,443 
Charge for year 84    932    1,016 
On disposals   (1,249)   (1,249)
At 30 November 2023 252    3,958    4,210 
Net book values
Closing balance as at 30 November 2023 168    1,967    2,135 
Opening balance as at 01 December 2022 252    1,061    1,313 


4.

Director’s loan

DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

At the year end, the following balances existed on a loan account with the directors.


O Fry & Mrs L E Fry - £1,806 in credit (2022 - £8,778 in credit).


The above loan is interest free with no fixed date for repayment.
5.

Debtors: amounts falling due within one year

.   2023
£
  2022
£
Trade Debtors 1,372  1,116 
1,372  1,116 

6.

Creditors: amount falling due within one year

.   2023
£
  2022
£
Corporation Tax 14,034  13,010 
PAYE & Social Security 43  46 
Accrued Expenses 11,379  12,993 
Directors 1,806  8,778 
VAT 809  616 
28,071  35,443 

7.

ULTIMATE CONTROLLING PARTY

The company is under the control of O Fry and Mrs L E Fry, who, together as husband and wife, own 100% of the issued share capital.
2