IRIS Accounts Production v24.1.9.2 05983219 Board of Directors 1.1.23 31.12.23 31.12.23 true false true false false true false A Ordinary 0.01 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh059832192022-12-31059832192023-12-31059832192023-01-012023-12-31059832192021-12-31059832192022-01-012022-12-31059832192022-12-3105983219ns15:EnglandWales2023-01-012023-12-3105983219ns14:PoundSterling2023-01-012023-12-3105983219ns10:Director12023-01-012023-12-3105983219ns10:PrivateLimitedCompanyLtd2023-01-012023-12-3105983219ns10:SmallEntities2023-01-012023-12-3105983219ns10:AuditExempt-NoAccountantsReport2023-01-012023-12-3105983219ns10:SmallCompaniesRegimeForDirectorsReport2023-01-012023-12-3105983219ns10:SmallCompaniesRegimeForAccounts2023-01-012023-12-3105983219ns10:FullAccounts2023-01-012023-12-3105983219ns10:OrdinaryShareClass52023-01-012023-12-3105983219ns10:Director22023-01-012023-12-3105983219ns10:Director32023-01-012023-12-3105983219ns10:Director42023-01-012023-12-3105983219ns10:Director52023-01-012023-12-3105983219ns10:CompanySecretary12023-01-012023-12-3105983219ns10:RegisteredOffice2023-01-012023-12-3105983219ns5:CurrentFinancialInstruments2023-12-3105983219ns5:CurrentFinancialInstruments2022-12-3105983219ns5:Non-currentFinancialInstruments2023-12-3105983219ns5:Non-currentFinancialInstruments2022-12-3105983219ns5:ShareCapital2023-12-3105983219ns5:ShareCapital2022-12-3105983219ns5:RetainedEarningsAccumulatedLosses2023-12-3105983219ns5:RetainedEarningsAccumulatedLosses2022-12-3105983219ns5:PlantMachinery2023-01-012023-12-3105983219ns5:ComputerEquipment2023-01-012023-12-3105983219ns5:PlantMachinery2022-12-3105983219ns5:PlantMachinery2023-12-3105983219ns5:PlantMachinery2022-12-3105983219ns5:CostValuation2022-12-3105983219ns5:AdditionsToInvestments2023-12-3105983219ns5:CostValuation2023-12-3105983219ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-12-3105983219ns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-12-3105983219ns5:CurrentFinancialInstruments2023-01-012023-12-3105983219ns5:Non-currentFinancialInstrumentsns5:BetweenTwoFiveYears2023-12-3105983219ns5:Non-currentFinancialInstrumentsns5:BetweenTwoFiveYears2022-12-3105983219ns10:OrdinaryShareClass52023-12-3105983219ns10:Director332022-12-3105983219ns10:Director332021-12-3105983219ns10:Director332023-01-012023-12-3105983219ns10:Director332022-01-012022-12-3105983219ns10:Director332023-12-3105983219ns10:Director332022-12-31
REGISTERED NUMBER: 05983219 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 December 2023

for

THE SPORTS CONSULTANCY LIMITED

THE SPORTS CONSULTANCY LIMITED (REGISTERED NUMBER: 05983219)

Contents of the Financial Statements
for the Year Ended 31 December 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


THE SPORTS CONSULTANCY LIMITED

Company Information
for the Year Ended 31 December 2023







DIRECTORS: A R J Buchanan
R A S Datnow
C R Buchanan
A M Datnow
D S Rogers





SECRETARY: R A S Datnow





REGISTERED OFFICE: Newlands House 4th Floor
Berners Street
London
W1T 3NA





REGISTERED NUMBER: 05983219 (England and Wales)





ACCOUNTANTS: John Andrew Chartered Accountants
17-19 Market Street
KIRKBY STEPHEN
Cumbria
CA17 4QS

THE SPORTS CONSULTANCY LIMITED (REGISTERED NUMBER: 05983219)

Balance Sheet
31 December 2023

31/12/23 31/12/22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 43,766 40,104
Investments 5 21,976 1
65,742 40,105

CURRENT ASSETS
Debtors 6 2,413,544 1,818,439
Cash at bank 2,062,286 1,115,757
4,475,830 2,934,196
CREDITORS
Amounts falling due within one year 7 1,569,302 723,004
NET CURRENT ASSETS 2,906,528 2,211,192
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,972,270

2,251,297

CREDITORS
Amounts falling due after more than one
year

8

87,500

137,500
NET ASSETS 2,884,770 2,113,797

CAPITAL AND RESERVES
Called up share capital 9 14 14
Retained earnings 2,884,756 2,113,783
SHAREHOLDERS' FUNDS 2,884,770 2,113,797

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

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

The directors acknowledge their 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 SPORTS CONSULTANCY LIMITED (REGISTERED NUMBER: 05983219)

Balance Sheet - continued
31 December 2023


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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 27 August 2024 and were signed on its behalf by:





D S Rogers - Director


THE SPORTS CONSULTANCY LIMITED (REGISTERED NUMBER: 05983219)

Notes to the Financial Statements
for the Year Ended 31 December 2023


1. STATUTORY INFORMATION

The Sports Consultancy 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.

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

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.
Office furniture and equipment - 20% on cost
Computer equipment - 25% on cost

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

THE SPORTS CONSULTANCY LIMITED (REGISTERED NUMBER: 05983219)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023


2. ACCOUNTING POLICIES - continued

Pension costs and other post-retirement benefits
The company makes contributions to the personal pension schemes of certain employees. The assets of the schemes are held separately from those of the company. The annual contributions payable are charged to the profit and loss account.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 38 (2022 - 31 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 January 2023 64,144
Additions 20,596
Disposals (2,919 )
At 31 December 2023 81,821
DEPRECIATION
At 1 January 2023 24,040
Charge for year 16,121
Eliminated on disposal (2,106 )
At 31 December 2023 38,055
NET BOOK VALUE
At 31 December 2023 43,766
At 31 December 2022 40,104

5. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 January 2023 1
Additions 21,975
At 31 December 2023 21,976
NET BOOK VALUE
At 31 December 2023 21,976
At 31 December 2022 1

The company's investments at the Balance Sheet date were in the share capital of The Sports Consultancy Legal Limited and The Sports Consultancy Arabia for Sports LLC.

THE SPORTS CONSULTANCY LIMITED (REGISTERED NUMBER: 05983219)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023


6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/12/23 31/12/22
£    £   
Trade debtors 2,181,849 1,683,032
Amounts owed by group undertakings 51,750 59,123
Other debtors 179,945 76,284
2,413,544 1,818,439

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/12/23 31/12/22
£    £   
Bank loans and overdrafts 50,000 50,000
Trade creditors 248,373 225,275
Corporation tax 214,860 174,744
Social security and other taxes - 75,741
VAT 161,990 62,201
Other creditors 198,022 135,043
Deferred income 696,057 -
1,569,302 723,004

An overdraft facility is in place with the bank. This is secured by a fixed and floating charge over the company’s assets.

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31/12/23 31/12/22
£    £   
Bank loans - 2-5 years 87,500 137,500

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31/12/23 31/12/22
value: £    £   
600,000 A Ordinary 0.001 p 6 6
213,000 B Ordinary 0.001 p 2 2
600,000 C Ordinary 0.001 p 6 6
14 14

10. OTHER FINANCIAL COMMITMENTS

The company had total guarantees and commitments at the balance sheet date of £734,173 (2022 - £104,597)

THE SPORTS CONSULTANCY LIMITED (REGISTERED NUMBER: 05983219)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023


11. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

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

31/12/23 31/12/22
£    £   
R A S Datnow
Balance outstanding at start of year - -
Amounts advanced 50,000 -
Amounts repaid (23,238 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 26,762 -