Company registration number 11186632 (England and Wales)
SPR LEAGUES LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024
PAGES FOR FILING WITH REGISTRAR
SPR LEAGUES LIMITED
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 3
SPR LEAGUES LIMITED
BALANCE SHEET
AS AT
30 APRIL 2024
30 April 2024
- 1 -
2024
2023
Notes
£
£
£
£
Fixed assets
Intangible assets
3
14,894
13,394
Current assets
Cash at bank and in hand
2,424
2,299
Creditors: amounts falling due within one year
4
(12,696)
(7,361)
Net current liabilities
(10,272)
(5,062)
Total assets less current liabilities
4,622
8,332
Creditors: amounts falling due after more than one year
5
(1,795)
(5,042)
Net assets
2,827
3,290
Capital and reserves
Called up share capital
1
1
Profit and loss reserves
2,826
3,289
Total equity
2,827
3,290
The director of the company has elected not to include a copy of the profit and loss account within the financial statements.true
For the financial year ended 30 April 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
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 member has not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The financial statements were approved and signed by the director and authorised for issue on 8 October 2024
Stephen Prosser
Director
Company Registration No. 11186632
SPR LEAGUES LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024
- 2 -
1
Accounting policies
Company information
SPR Leagues Limited is a private company limited by shares incorporated in England and Wales. The registered office is 41 Coulter Grove, Perton, Wolverhampton, WV6 7UA.
1.1
Accounting convention
These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.
The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.
The financial statements have been prepared under the historical cost convention, [modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value]. The principal accounting policies adopted are set out below.
1.2
Turnover
Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.
1.3
Cash at bank and in hand
Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.
1.4
Financial instruments
The following assets and liabilities are classified as financial instruments – trade debtors, trade creditors, bank loans and directors’ loans.
Bank loans are initially measured at the present value of future payments, discounted at a market rate of interest, and subsequently at amortised costs using the effective interest method.
Directors’ loans (being repayable on demand), trade debtors and trade creditors are measured at the undiscounted amount of cash or other consideration expected to be paid or received.
1.5
Taxation
The tax expense represents the sum of the tax currently payable and deferred tax.
1.6
Employee benefits
2
Employees
The average monthly number of persons (including directors) employed by the company during the year was:
2024
2023
Number
Number
Total
1
1
SPR LEAGUES LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 APRIL 2024
- 3 -
3
Intangible fixed assets
Other
£
Cost
At 1 May 2023
13,394
Additions
1,500
At 30 April 2024
14,894
Amortisation and impairment
At 1 May 2023 and 30 April 2024
Carrying amount
At 30 April 2024
14,894
At 30 April 2023
13,394
4
Creditors: amounts falling due within one year
2024
2023
£
£
Bank loans
6,367
4,702
Trade creditors
2,418
Corporation tax
3,175
2,552
Other creditors
736
107
12,696
7,361
5
Creditors: amounts falling due after more than one year
2024
2023
£
£
Bank loans and overdrafts
2,451
Other creditors
1,795
2,591
1,795
5,042