Muay Thai Oxford Ltd 11963096 false 2023-03-01 2024-02-29 2024-02-29 The principal activity of the company is that of martial arts classes. Digita Accounts Production Advanced 6.30.9574.0 true true 11963096 2023-03-01 2024-02-29 11963096 2024-02-29 11963096 core:CurrentFinancialInstruments 2024-02-29 11963096 core:CurrentFinancialInstruments core:WithinOneYear 2024-02-29 11963096 core:Non-currentFinancialInstruments 2024-02-29 11963096 core:Non-currentFinancialInstruments core:AfterOneYear 2024-02-29 11963096 bus:SmallEntities 2023-03-01 2024-02-29 11963096 bus:AuditExemptWithAccountantsReport 2023-03-01 2024-02-29 11963096 bus:FullAccounts 2023-03-01 2024-02-29 11963096 bus:SmallCompaniesRegimeForAccounts 2023-03-01 2024-02-29 11963096 bus:RegisteredOffice 2023-03-01 2024-02-29 11963096 bus:Director1 2023-03-01 2024-02-29 11963096 bus:CompanyLimitedByGuarantee 2023-03-01 2024-02-29 11963096 countries:EnglandWales 2023-03-01 2024-02-29 11963096 2022-03-01 2023-02-28 11963096 2023-02-28 11963096 core:CurrentFinancialInstruments 2023-02-28 11963096 core:CurrentFinancialInstruments core:WithinOneYear 2023-02-28 11963096 core:Non-currentFinancialInstruments 2023-02-28 11963096 core:Non-currentFinancialInstruments core:AfterOneYear 2023-02-28 iso4217:GBP xbrli:pure

Registration number: 11963096

Muay Thai Oxford Ltd

(A company limited by guarantee)

Unaudited Filleted Financial Statements

for the Year Ended 29 February 2024

 

Muay Thai Oxford Ltd

Contents

Company Information

1

Balance Sheet

2

Notes to the Unaudited Financial Statements

3 to 7

 

Muay Thai Oxford Ltd

Company Information

Director

Denis Hysenbelli

Registered office

21 Templar's Square
Oxford
Oxfordshire
OX4 3XQ

Accountants

Michaelides Warner & Co
102 Fulham Palace Road
London
W6 9PL

 

Muay Thai Oxford Ltd

(Registration number: 11963096)
Balance Sheet as at 29 February 2024

Note

2024
£

2023
£

Current assets

 

Debtors

4

25,522

137,365

Cash at bank and in hand

 

5,832

1,044

 

31,354

138,409

Creditors: Amounts falling due within one year

5

(44,251)

(173,995)

Total assets less current liabilities

 

(12,897)

(35,586)

Creditors: Amounts falling due after more than one year

5

(2,667)

(4,668)

Net liabilities

 

(15,564)

(40,254)

Reserves

 

Retained earnings

(15,564)

(40,254)

Deficit

 

(15,564)

(40,254)

For the financial year ending 29 February 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 15 October 2024
 

.........................................
Denis Hysenbelli
Director

 

Muay Thai Oxford Ltd

Notes to the Unaudited Financial Statements for the Year Ended 29 February 2024

1

General information

The company is a company limited by guarantee, incorporated in England and Wales, and consequently does not have share capital. Each of the members is liable to contribute an amount not exceeding £1 towards the assets of the company in the event of liquidation.

The address of its registered office is:
21 Templar's Square
Oxford
Oxfordshire
OX4 3XQ
England

These financial statements were authorised for issue by the director on 15 October 2024.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

 

Muay Thai Oxford Ltd

Notes to the Unaudited Financial Statements for the Year Ended 29 February 2024

Judgements

The directors consider that there are no key judgements that management have made in the process of applying the company's accounting policies and that may have had a significant effect on the amounts recognised in the financial statements.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

 

Muay Thai Oxford Ltd

Notes to the Unaudited Financial Statements for the Year Ended 29 February 2024

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Financial instruments

Classification
The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like investments, trade and other receivables, cash and bank balances, trade and other creditors.

Debt instruments that are payable or receivable within one year, typically trade debtors and creditors, are measured, initially and subsequently, at the undiscounted amount of the cash or cash consolidation expected to be paid or received.

 

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 1 (2023 - 1).

4

Debtors

 

Muay Thai Oxford Ltd

Notes to the Unaudited Financial Statements for the Year Ended 29 February 2024

Current

2024
£

2023
£

Other debtors

25,522

137,365

 

25,522

137,365

5

Creditors

Creditors: amounts falling due within one year

Note

2024
£

2023
£

Due within one year

 

Loans and borrowings

6

2,000

2,000

Trade creditors

 

19,987

-

Taxation and social security

 

-

1,669

Accruals and deferred income

 

1,750

148,512

Other creditors

 

20,514

21,814

 

44,251

173,995

 

Muay Thai Oxford Ltd

Notes to the Unaudited Financial Statements for the Year Ended 29 February 2024

Creditors: amounts falling due after more than one year

Note

2024
£

2023
£

Due after one year

 

Loans and borrowings

6

2,667

4,668

6

Loans and borrowings

2024
£

2023
£

Non-current loans and borrowings

Bank borrowings

2,667

4,668

2024
£

2023
£

Current loans and borrowings

Bank borrowings

2,000

2,000