Caseware UK (AP4) 2023.0.135 2023.0.135 2024-03-312024-03-312023-04-01falseTennis coaching21truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 13994624 2023-04-01 2024-03-31 13994624 2022-03-22 2023-03-31 13994624 2024-03-31 13994624 2023-03-31 13994624 c:Director1 2023-04-01 2024-03-31 13994624 d:OfficeEquipment 2023-04-01 2024-03-31 13994624 d:ComputerEquipment 2024-03-31 13994624 d:ComputerEquipment 2023-03-31 13994624 d:ComputerEquipment d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 13994624 d:CurrentFinancialInstruments 2024-03-31 13994624 d:CurrentFinancialInstruments 2023-03-31 13994624 d:CurrentFinancialInstruments d:WithinOneYear 2024-03-31 13994624 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 13994624 d:ShareCapital 2024-03-31 13994624 d:ShareCapital 2023-03-31 13994624 d:RetainedEarningsAccumulatedLosses 2024-03-31 13994624 d:RetainedEarningsAccumulatedLosses 2023-03-31 13994624 d:AcceleratedTaxDepreciationDeferredTax 2024-03-31 13994624 d:AcceleratedTaxDepreciationDeferredTax 2023-03-31 13994624 c:OrdinaryShareClass1 2023-04-01 2024-03-31 13994624 c:OrdinaryShareClass1 2024-03-31 13994624 c:OrdinaryShareClass1 2023-03-31 13994624 c:FRS102 2023-04-01 2024-03-31 13994624 c:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 13994624 c:FullAccounts 2023-04-01 2024-03-31 13994624 c:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 13994624 e:PoundSterling 2023-04-01 2024-03-31 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 13994624









OVER & IN TENNIS LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 MARCH 2024

 
OVER & IN TENNIS LIMITED
REGISTERED NUMBER: 13994624

BALANCE SHEET
AS AT 31 MARCH 2024

2024
2023
Note
£
£

FIXED ASSETS
  

Tangible assets
 4 
972
1,226

  
972
1,226

CURRENT ASSETS
  

Debtors: amounts falling due within one year
 5 
26,379
21,561

Cash at bank and in hand
  
106,383
53,712

  
132,762
75,273

Creditors: amounts falling due within one year
 6 
(40,313)
(19,070)

NET CURRENT ASSETS
  
 
 
92,449
 
 
56,203

PROVISIONS FOR LIABILITIES
  

Deferred tax
 7 
(241)
(307)

  
 
 
(241)
 
 
(307)

NET ASSETS
  
93,180
57,122


CAPITAL AND RESERVES
  

Called up share capital 
 8 
100
100

Profit and loss account
  
93,080
57,022

  
93,180
57,122


Page 1

 
OVER & IN TENNIS LIMITED
REGISTERED NUMBER: 13994624
    
BALANCE SHEET (CONTINUED)
AS AT 31 MARCH 2024

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 his 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 statement of income and retained earnings 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 by: 






H Hejazi
Director

Date: 27 July 2024

The notes on pages 3 to 7 form part of these financial statements.

Page 2

 
OVER & IN TENNIS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1.


GENERAL INFORMATION

Over & In Tennis Limited is a private company limited by shares and incorporated in England and Wales. Its registered office is Salisbury House, Station Road, Cambridge, United Kingdom, CB1 2LA.
The Company's functional and presentational currency is GBP.

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 following principal accounting policies have been applied:

 
2.2

TURNOVER

Turnover comprises revenue recognised by the Company in respect of tennis coaching services supplied during the year. Turnover is recognised as the fair value of the consideration received or receivable and is recognised in the period to which it relates.

 
2.3

PENSIONS

DEFINED CONTRIBUTION PENSION PLAN

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Balance sheet. The assets of the plan are held separately from the Company in independently administered funds.

Page 3

 
OVER & IN TENNIS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

2.ACCOUNTING POLICIES (CONTINUED)

 
2.4

CURRENT AND DEFERRED TAXATION

The tax expense for the year comprises current and deferred tax. 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.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

 
2.5

TANGIBLE FIXED ASSETS

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Office equipment
-
20%
straight-line

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.6

DEBTORS

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

Page 4

 
OVER & IN TENNIS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

2.ACCOUNTING POLICIES (CONTINUED)

 
2.7

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. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.8

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.


3.


EMPLOYEES

The average monthly number of employees, including directors, during the year was 2 (2023 - 1).


4.


TANGIBLE FIXED ASSETS





Office equipment

£



COST OR VALUATION


At 1 April 2023
1,268



At 31 March 2024

1,268



DEPRECIATION


At 1 April 2023
42


Charge for the year on owned assets
254



At 31 March 2024

296



NET BOOK VALUE



At 31 March 2024
972

Page 5

 
OVER & IN TENNIS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

5.


DEBTORS

2024
2023
£
£


Trade debtors
3,807
-

Other debtors
18,420
21,561

Prepayments and accrued income
4,152
-

26,379
21,561



6.


CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024
2023
£
£

Trade creditors
301
-

Corporation tax
22,581
16,219

Other taxation and social security
1,478
-

Other creditors
9,837
571

Accruals and deferred income
6,116
2,280

40,313
19,070


Other creditors include contributions of £10 (2023 - £NIL) payable to the the Company's defined contribution pension scheme at the balance sheet date.


7.


DEFERRED TAXATION




2024


£






At beginning of year
(307)


Charged to profit or loss
66



AT END OF YEAR
(241)

Page 6

 
OVER & IN TENNIS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
 
7.DEFERRED TAXATION (CONTINUED)

The provision for deferred taxation is made up as follows:

2024
2023
£
£


Accelerated capital allowances
(241)
(307)

(241)
(307)


8.


SHARE CAPITAL

2024
2023
£
£
ALLOTED,CALLED UP AND FULLY PAID



100 (2023 - 100) Ordinary shares of £1.00 each
100
100


 
Page 7