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REGISTERED NUMBER: 09523309 (England and Wales)















Unaudited Financial Statements

for the Year Ended 31st December 2023

for

ProSport Academy Limited

ProSport Academy Limited (Registered number: 09523309)






Contents of the Financial Statements
for the year ended 31st December 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


ProSport Academy Limited

Company Information
for the year ended 31st December 2023







DIRECTORS: Mr D O'Sullivan
Mrs G M O'Sullivan





REGISTERED OFFICE: Black Bull House
353-355 Station Road
Bamber Bridge
Preston
Lancashire
PR5 6EE





REGISTERED NUMBER: 09523309 (England and Wales)





ACCOUNTANTS: Robin Oatridge & Co Limited
Chartered Certified Accountants
Black Bull House
353-355 Station Road
Bamber Bridge
Preston
Lancashire
PR5 6EE

ProSport Academy Limited (Registered number: 09523309)

Balance Sheet
31st December 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 4,544 1,804

CURRENT ASSETS
Debtors 5 92,623 7,967
Cash at bank 173,921 216,960
266,544 224,927
CREDITORS
Amounts falling due within one year 6 35,896 13,079
NET CURRENT ASSETS 230,648 211,848
TOTAL ASSETS LESS CURRENT
LIABILITIES

235,192

213,652

PROVISIONS FOR LIABILITIES 1,045 343
NET ASSETS 234,147 213,309

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 234,047 213,209
SHAREHOLDERS' FUNDS 234,147 213,309

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31st 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 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 Board of Directors and authorised for issue on 23rd September 2024 and were signed on its behalf by:



Mr D O'Sullivan - Director


ProSport Academy Limited (Registered number: 09523309)

Notes to the Financial Statements
for the year ended 31st December 2023

1. STATUTORY INFORMATION

ProSport Academy 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 represents net invoiced services provided, excluding value added tax.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Short leasehold - Straight line over 5 years
Plant and machinery - 25% on cost

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.

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.

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 8 (2022 - 8 ) .

ProSport Academy Limited (Registered number: 09523309)

Notes to the Financial Statements - continued
for the year ended 31st December 2023

4. TANGIBLE FIXED ASSETS
Short Plant and
leasehold machinery Totals
£    £    £   
COST
At 1st January 2023 9,196 43,529 52,725
Additions - 5,603 5,603
At 31st December 2023 9,196 49,132 58,328
DEPRECIATION
At 1st January 2023 9,196 41,725 50,921
Charge for year - 2,863 2,863
At 31st December 2023 9,196 44,588 53,784
NET BOOK VALUE
At 31st December 2023 - 4,544 4,544
At 31st December 2022 - 1,804 1,804

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 66,548 -
Other debtors 26,075 7,967
92,623 7,967

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 11,651 -
Taxation and social security 21,660 9,848
Other creditors 2,585 3,231
35,896 13,079

7. LEASING AGREEMENTS

The company has an annual lease commitment of £6,500 per year that expires in October 2024.

ProSport Academy Limited (Registered number: 09523309)

Notes to the Financial Statements - continued
for the year ended 31st December 2023

8. RELATED PARTY DISCLOSURES

The company is a 100% owned subsidiary of ProSport Holdings Limited, ProSport Physiotherapy Limited and ProSport Wellness Limited are part of the same group as the company.

As at 31 December 2023 the company was owed £20,353 by ProSport Holdings Limited in the form of a loan, no interest was charged on this loan (2022 - nil and nil).

As at 31 December 2023, the company owed £271 to ProSport Physiotherapy Limited in the form of a loan, no interest was charged on this loan (2022 - £2,450 was owed to the company and nil).

As at 31 December 2023 the company was owed £4,089 by ProSport Wellness Limited in the form of a loan, no interest was charged on this loan (2022 - £4,089 and nil).

The company has provided a fixed and floating charge as partial security for a bank loan held by ProSport Holdings Limited.

9. ULTIMATE CONTROLLING PARTY

The company is a 100% owned subsidiary of ProSport Holdings Limited, a company which is controlled by the directors.