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REGISTERED NUMBER: SC485112 (Scotland)















Unaudited Financial Statements for the Year Ended 31 August 2023

for

Box Soccer Training Limited

Box Soccer Training Limited (Registered number: SC485112)






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




Page

Balance Sheet 1

Notes to the Financial Statements 3


Box Soccer Training Limited (Registered number: SC485112)

Balance Sheet
31 August 2023

31.8.23 31.8.22
Notes £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 2,270 3,027
2,270 3,027

CURRENT ASSETS
Stocks 611 586
Cash at bank 884 1,762
1,495 2,348
CREDITORS
Amounts falling due within one year 6 (287,929 ) (311,434 )
NET CURRENT LIABILITIES (286,434 ) (309,086 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(284,164

)

(306,059

)

CREDITORS
Amounts falling due after more than one
year

7

(5,719

)

(8,730

)
NET LIABILITIES (289,883 ) (314,789 )

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Retained earnings (290,883 ) (315,789 )
(289,883 ) (314,789 )

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.

Box Soccer Training Limited (Registered number: SC485112)

Balance Sheet - continued
31 August 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 8 October 2024 and were signed by:





J M Colquhoun - Director


Box Soccer Training Limited (Registered number: SC485112)

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

1. STATUTORY INFORMATION

Box Soccer Training Limited is a private company, limited by shares, domiciled in Scotland, registration number SC485112. The registered office is 42 Stirling Street, Denny, Stirlingshire, FK6 6DJ.

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.

During the year the company made a profit of £24,966 and at the balance sheet date its current liabilities exceeded its current assets by £286,436. The company meets its day to day working capital requirements through the continued support of the director. With this continued support the director is confident that the company will meet its cash flow requirements. The financial statements have been prepared on a going concern basis which assumes that the company will continue in operational existence for the foreseeable future.

Turnover
Turnover represent amounts receivable in respect of sales of goods, the granting of licence fees and soccer coaching excluding value added tax, turnover is recognised when the goods are transferred and the service is complete except in respect of conditional licence fee income which is recognised when the company obtains rights to consideration

Franchise fees
Franchise fees and intellectual property acquired from third parties are being amortised over 5 years, which are considered their useful economic life.

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 - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance
Computer equipment - 33% on cost

Tangible fixed assets are stated at cost less depreciation. Cost represent purchase price together with any incidental costs of acquisition.

The directors have considered the residual value of all tangible fixed assets to be immaterial and therefore all tangible fixed assets are depreciated to nil value.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items. Cost is represented by purchase price.

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.


Box Soccer Training Limited (Registered number: SC485112)

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

2. ACCOUNTING POLICIES - continued
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.

Provisions
Provisions are recognised when the company has a legal or constructive obligation as a result of a past event, it is probable that an outflow of resources will be required to settle the obligation, and the amount has been reliably estimated. Provisions are not recognised for future operating losses. Provisions are discounted where the time value of money is material.

Where there are a number of similar obligations, the likelihood that an outflow will be required in settlement is determined by considering the class of obligations as a whole. A provision is recognised even if the likelihood of an outflow with respect to any one item included in the same class of obligations may be small.

3. EMPLOYEES AND DIRECTORS

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

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1 September 2022
and 31 August 2023 26,200
AMORTISATION
At 1 September 2022
and 31 August 2023 26,200
NET BOOK VALUE
At 31 August 2023 -
At 31 August 2022 -

Box Soccer Training Limited (Registered number: SC485112)

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

5. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Computer
machinery fittings equipment Totals
£    £    £    £   
COST
At 1 September 2022
and 31 August 2023 7,427 14,968 2,723 25,118
DEPRECIATION
At 1 September 2022 5,995 13,373 2,723 22,091
Charge for year 358 399 - 757
At 31 August 2023 6,353 13,772 2,723 22,848
NET BOOK VALUE
At 31 August 2023 1,074 1,196 - 2,270
At 31 August 2022 1,432 1,595 - 3,027

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.23 31.8.22
£    £   
Bank loans and overdrafts 3,014 2,936
Trade creditors (1 ) (1 )
Taxation and social security 35 9,598
Other creditors 284,881 298,901
287,929 311,434

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.8.23 31.8.22
£    £   
Bank loans 5,719 8,730