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Registration number: 05097517

Totton & Eling Tennis Centre Limited

Unaudited Filleted Financial Statements

for the Year Ended 30 April 2024

 

Totton & Eling Tennis Centre Limited

Contents

Company Information

1

Balance Sheet

2 to 3

Notes to the Unaudited Financial Statements

4 to 8

 

Totton & Eling Tennis Centre Limited

Company Information

Director

Mr R Cutler

Company secretary

Mr R Cutler

Registered office

Aikman Lane
Totton
Southampton
Hampshire
SO40 8FT

Accountants

Numeric Accounting
Chartered Certified Accountants
Suite 1 The Portway Centre
Old Sarum Park
Old Sarum
Salisbury
Wiltshire
SP4 6EB

 

Totton & Eling Tennis Centre Limited

(Registration number: 05097517)
Balance Sheet as at 30 April 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

6,004

9,314

Current assets

 

Stocks

5

4,213

4,387

Debtors

6

3,840

4,099

Cash at bank and in hand

 

60,563

65,393

 

68,616

73,879

Creditors: Amounts falling due within one year

7

(8,824)

(9,128)

Net current assets

 

59,792

64,751

Total assets less current liabilities

 

65,796

74,065

Provisions for liabilities

(1,141)

(1,770)

Net assets

 

64,655

72,295

Capital and reserves

 

Called up share capital

8

99

99

Retained earnings

64,556

72,196

Shareholders' funds

 

64,655

72,295

For the financial year ending 30 April 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

 

Totton & Eling Tennis Centre Limited

(Registration number: 05097517)
Balance Sheet as at 30 April 2024 (continued)

Approved and authorised by the director on 14 August 2024
 

.........................................
Mr R Cutler
Company secretary and director

 

Totton & Eling Tennis Centre Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2024

1

General information

The company is a private company limited by share capital, incorporated in United Kingdom.

The address of its registered office is:
Aikman Lane
Totton
Southampton
Hampshire
SO40 8FT

These financial statements were authorised for issue by the director on 14 August 2024.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received for the sale of sports lessons, membership subscriptions and court hire, along with sales of associated accessories and equipment, and onsite refreshments. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Cost of Sales

The cost of sales is the accumulated total of all costs used to create a product or service, which has been sold.

 

Totton & Eling Tennis Centre Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2024 (continued)

2

Accounting policies (continued)

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

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

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Plant and Machinery

15% Reducing Balance

Motor Vehicles

25% Reducing Balance

Fixtures and Fittings

15% Reducing Balance

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

 

Totton & Eling Tennis Centre Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2024 (continued)

2

Accounting policies (continued)

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

Financial instruments

Classification
A financial instrument is a contract that gives rise to a financial asset of one entity and a financial liability or equity instrument of another entity.

When a financial asset or financial liability is recognised initially, the entity shall measure it at the transaction price unless the arrangement constitutes, in effect, a financing transaction. An arrangement constitutes a financing transaction if payment is deferred beyond normal business terms or is financed at a rate of interest that is not a market rate.

At the end of each reporting period, an entity shall measure all financial instruments which constitute a financing arrangement at fair value and recognise changes in fair value in profit or loss.

 

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 4 (2023 - 7).

 

Totton & Eling Tennis Centre Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2024 (continued)

4

Tangible assets

Fixtures and fittings
£

Plant and machinery
£

Motor vehicles
 £

Total
£

Cost or valuation

At 1 May 2023

9,276

23,360

13,099

45,735

Additions

476

-

-

476

Disposals

(4,811)

(17,300)

-

(22,111)

At 30 April 2024

4,941

6,060

13,099

24,100

Depreciation

At 1 May 2023

7,158

17,475

11,788

36,421

Charge for the year

381

882

327

1,590

Eliminated on disposal

(4,556)

(15,359)

-

(19,915)

At 30 April 2024

2,983

2,998

12,115

18,096

Carrying amount

At 30 April 2024

1,958

3,062

984

6,004

At 30 April 2023

2,118

5,885

1,311

9,314

5

Stocks

2024
£

2023
£

Other inventories

4,213

4,387

6

Debtors

Current

2024
£

2023
£

Trade debtors

36

359

Prepayments

1,944

1,880

Other debtors

1,860

1,860

 

3,840

4,099

 

Totton & Eling Tennis Centre Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2024 (continued)

7

Creditors

Creditors: amounts falling due within one year

2024
£

2023
£

Due within one year

Taxation and social security

7,240

4,518

Accruals and deferred income

359

538

Other creditors

1,225

4,072

8,824

9,128

8

Share capital

Allotted, called up and fully paid shares

2024

2023

No.

£

No.

£

Ordinary of £1 each

99

99

99

99

       

9

Dividends

2024

2023

£

£

Interim dividend of £207.07 (2023 - £181.82) per ordinary share

20,500

18,000