Caseware UK (AP4) 2023.0.135 2023.0.135 2023-08-312023-08-31true112022-09-01No description of principal activityfalsetrue 12348463 2022-09-01 2023-08-31 12348463 2021-09-01 2022-08-31 12348463 2023-08-31 12348463 2022-08-31 12348463 c:Director1 2022-09-01 2023-08-31 12348463 c:RegisteredOffice 2022-09-01 2023-08-31 12348463 d:CurrentFinancialInstruments 2023-08-31 12348463 d:CurrentFinancialInstruments 2022-08-31 12348463 d:CurrentFinancialInstruments d:WithinOneYear 2023-08-31 12348463 d:CurrentFinancialInstruments d:WithinOneYear 2022-08-31 12348463 d:ShareCapital 2023-08-31 12348463 d:ShareCapital 2022-08-31 12348463 d:RetainedEarningsAccumulatedLosses 2023-08-31 12348463 d:RetainedEarningsAccumulatedLosses 2022-08-31 12348463 c:EntityHasNeverTraded 2022-09-01 2023-08-31 12348463 c:FRS102 2022-09-01 2023-08-31 12348463 c:AuditExempt-NoAccountantsReport 2022-09-01 2023-08-31 12348463 c:FullAccounts 2022-09-01 2023-08-31 12348463 c:PrivateLimitedCompanyLtd 2022-09-01 2023-08-31 iso4217:GBP xbrli:pure
Company registration number: 12348463







UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED
31 AUGUST 2023


UK ELITE SPORTS GROUP LIMITED






































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UK ELITE SPORTS GROUP LIMITED
 


 
COMPANY INFORMATION


Director
Mr C S Vertannes 




Registered number
12348463



Registered office
3000a Parkway

Whiteley

Hampshire

PO15 7FX




Accountants
Menzies LLP
Chartered Accountants

3000a Parkway

Whiteley

Hampshire

PO15 7FX





 


UK ELITE SPORTS GROUP LIMITED
 



CONTENTS



Page
Statement of Financial Position
1
Notes to the Financial Statements
2 - 3

 


UK ELITE SPORTS GROUP LIMITED
REGISTERED NUMBER:12348463



STATEMENT OF FINANCIAL POSITION
AS AT 31 AUGUST 2023

2023
2022
Note
£
£

  

Current assets
  

Debtors: amounts falling due within one year
 3 
94,160
94,160

  
94,160
94,160

Creditors: amounts falling due within one year
 4 
(88,060)
(88,060)

Net current assets
  
 
 
6,100
 
 
6,100

Total assets less current liabilities
  
6,100
6,100

  

Net assets
  
6,100
6,100


Capital and reserves
  

Called up share capital 
  
100
100

Profit and loss account
  
6,000
6,000

  
6,100
6,100


For the year ended 31 August 2023 the Company was entitled to exemption from audit under section 480 of the Companies Act 2006.

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 profit and loss account 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: 




Mr C S Vertannes
Director

Date: 3 October 2024

The notes on pages 2 to 3 form part of these financial statements.

Page 1

 


UK ELITE SPORTS GROUP LIMITED
 


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

1.


General information

UK Elite Sports Group Limited is a private company limited by shares incorporated in England and Wales. The address of its registered office is disclosed on the company information page.

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.

 
2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.3

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.

Page 2

 


UK ELITE SPORTS GROUP LIMITED
 


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

2.Accounting policies (continued)

 
2.4

Financial instruments

The Company has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the Company's Statement of Financial Position when the Company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include trade and other receivables, cash and bank balances, are initially measured at their transaction price including transaction costs and are subsequently carried at their amortised cost using the effective interest method, less any provision for impairment, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Discounting is omitted where the effect of discounting is immaterial. The Company's cash and cash equivalents, trade and most other receivables due with the operating cycle fall into this category of financial instruments.


3.


Debtors

2023
2022
£
£


Amounts owed by group undertakings
3,100
3,100

Prepayments and accrued income
91,060
91,060

94,160
94,160



4.


Creditors: Amounts falling due within one year

2023
2022
£
£

Amounts owed to group undertakings
88,060
88,060

88,060
88,060


 
Page 3