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REGISTERED NUMBER: 06594686 (England and Wales)










UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 AUGUST 2023

FOR

FAB SPORTS MANAGEMENT LIMITED

FAB SPORTS MANAGEMENT LIMITED (REGISTERED NUMBER: 06594686)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


FAB SPORTS MANAGEMENT LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 AUGUST 2023







DIRECTOR: N Bashir





REGISTERED OFFICE: 4 The Pound
Cholsey
Wallingord
Oxfordshire
OX10 9NS





REGISTERED NUMBER: 06594686 (England and Wales)





ACCOUNTANTS: David Mitchell & Co.
4 The Pound
Cholsey
Oxfordshire
OX10 9NS

FAB SPORTS MANAGEMENT LIMITED (REGISTERED NUMBER: 06594686)

BALANCE SHEET
31 AUGUST 2023

31.8.23 31.8.22
Notes £    £   
FIXED ASSETS
Tangible assets 4 7,996 10,691
Investments 5 2 2
7,998 10,693

CURRENT ASSETS
Debtors 6 290,335 296,055
Cash at bank 20,937 11,215
311,272 307,270
CREDITORS
Amounts falling due within one year 7 (227,510 ) (294,373 )
NET CURRENT ASSETS 83,762 12,897
TOTAL ASSETS LESS CURRENT
LIABILITIES

91,760

23,590

CREDITORS
Amounts falling due after more than
one year

8

(91,713

)

(30,856

)
NET ASSETS/(LIABILITIES) 47 (7,266 )

FAB SPORTS MANAGEMENT LIMITED (REGISTERED NUMBER: 06594686)

BALANCE SHEET - continued
31 AUGUST 2023

31.8.23 31.8.22
Notes £    £   
CAPITAL AND RESERVES
Called up share capital 6 6
Retained earnings 41 (7,272 )
SHAREHOLDERS' FUNDS 47 (7,266 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The 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.

The financial statements were approved by the director and authorised for issue on 30 August 2024 and were signed by:





N Bashir - Director


FAB SPORTS MANAGEMENT LIMITED (REGISTERED NUMBER: 06594686)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2023

1. STATUTORY INFORMATION

Fab Sports Management Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 20% on cost and 20% on reducing balance

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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 balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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 end 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.

FAB SPORTS MANAGEMENT LIMITED (REGISTERED NUMBER: 06594686)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 AUGUST 2023

2. ACCOUNTING POLICIES - continued

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 September 2022
and 31 August 2023 79,394
DEPRECIATION
At 1 September 2022 68,703
Charge for year 2,695
At 31 August 2023 71,398
NET BOOK VALUE
At 31 August 2023 7,996
At 31 August 2022 10,691

5. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 1 September 2022
and 31 August 2023 2
NET BOOK VALUE
At 31 August 2023 2
At 31 August 2022 2

FAB SPORTS MANAGEMENT LIMITED (REGISTERED NUMBER: 06594686)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 AUGUST 2023

5. FIXED ASSET INVESTMENTS - continued

The companys's investment at the balance sheet date was 100% of the Ordinary share capital of Fab Scholarship Private Education Limited, a company that is dormant.

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE
YEAR
31.8.23 31.8.22
£    £   
Trade debtors 15,363 70,684
Other debtors 274,972 225,371
290,335 296,055

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE
YEAR
31.8.23 31.8.22
£    £   
Bank loans and overdrafts 38,561 41,631
Trade creditors (1 ) -
Taxation and social security 115,201 118,907
Other creditors 73,749 133,835
227,510 294,373

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE
THAN ONE YEAR
31.8.23 31.8.22
£    £   
Other creditors 91,713 30,856

FAB SPORTS MANAGEMENT LIMITED (REGISTERED NUMBER: 06594686)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 AUGUST 2023

9. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 August 2023 and 31 August 2022:

31.8.23 31.8.22
£    £   
N Bashir
Balance outstanding at start of year 163,548 73,139
Amounts advanced 11,827 90,409
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 175,375 163,548

During the period to 31st May 2024 a total of £85,897 was repaid leaving the balance at £89,478 at that date.