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Logo On Report
Registered Number: 04424692
England and Wales

 

 

 


Unaudited Financial Statements

for the year ended 30 June 2024

for

SPORTS MAINTENANCE SERVICES LIMITED

Director Timothy Gallagher
Registered Number 04424692
Registered Office UNIT 3 ASHLONE WHARF
PUTNEY EMBANKMENT
LONDON
SW15 1LB
Accountants Holdsworth Accountants Ltd
Omega Court
350 Cemetery Road
Sheffield
S11 8FT
1
Director's report and financial statements
The director presents his/her/their annual report and the financial statements for the year ended 30 June 2024
Principal activities
The companys principal activity during the year was that of specialised construction activities.
Director
The director who served the company throughout the year was as follows:
Timothy Gallagher
Statement of director's responsibilities
The director is responsible for preparing the directors’ report and the financial statements in accordance with applicable law and regulation.

Company law requires the director to prepare financial statements for each financial year. Under that law the director has elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the director must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period. In preparing these financial statements, the director is required to
  • select suitable accounting policies and then apply them consistently
  • make judgments and accounting estimates that are reasonable and prudent
  • prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business


The director is responsible for keeping adequate accounting records that disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. The director is also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

The director is responsible for the maintenance and integrity of the corporate and financial information included on the company's website. Legislation in the United Kingdom governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions.

On behalf of the board.


----------------------------------
Timothy Gallagher
Director

Date approved: 18 November 2024
2
Report to the directors on the preparation of the unaudited statutory accounts of SPORTS MAINTENANCE SERVICES LIMITED for the year ended 30 June 2024
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of SPORTS MAINTENANCE SERVICES LIMITED for the year ended 30 June 2024 which comprise of the Profit and Loss Account, the Statement of Comprehensive Income, the Balance Sheet, the Statement of Changes in Equity and the related notes from the company’s accounting records and from information and explanations you have given us
As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at
http://rulebook.accaglobal.com/
This report is made solely to the Board of Directors of SPORTS MAINTENANCE SERVICES LIMITED, as a body, in accordance with the terms of our engagement letter dated 18 November 2024 Our work has been undertaken solely to prepare for your approval the accounts of SPORTS MAINTENANCE SERVICES LIMITED and state those matters that we have agreed to state to the Board of Directors of SPORTS MAINTENANCE SERVICES LIMITED, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/factsheet163. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than SPORTS MAINTENANCE SERVICES LIMITED and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that SPORTS MAINTENANCE SERVICES LIMITED has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of SPORTS MAINTENANCE SERVICES LIMITED. You consider that SPORTS MAINTENANCE SERVICES LIMITED is exempt from the statutory audit requirement for the year
We have not been instructed to carry out an audit or a review of the accounts of SPORTS MAINTENANCE SERVICES LIMITED. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts
30 June 2024



....................................................

Holdsworth Accountants Ltd

Omega Court
350 Cemetery Road
Sheffield
S11 8FT
18 November 2024
3
 

 
Notes

 
2024
£

  2023
£
(as restated)
Fixed assets      
Tangible fixed assets 3 407,361    395,416 
407,361    395,416 
Current assets      
Stocks 4 5,000    5,000 
Debtors 5 426,780    737,605 
Cash at bank and in hand 409,310    307,641 
841,090    1,050,246 
Creditors: amount falling due within one year 6 (221,704)   (356,291)
Net current assets 619,386    693,955 
 
Total assets less current liabilities 1,026,747    1,089,371 
Creditors: amount falling due after more than one year 7 (70,524)   (76,900)
Provisions for liabilities 8 (77,399)   (75,129)
Net assets 878,824    937,342 
 

Capital and reserves
     
Called up share capital 9 100    100 
Profit and loss account 878,724    937,242 
Shareholders' funds 878,824    937,342 
 


For the year ended 30 June 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:
  1. The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
  2. The director acknowledges their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
These 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 to the Registrar of Companies.
The financial statements were approved by the director on 18 November 2024 and were signed by:


-------------------------------
Timothy Gallagher
Director
4
General Information
SPORTS MAINTENANCE SERVICES LIMITED is a private company, limited by shares, registered in England and Wales, registration number 04424692, registration address UNIT 3 ASHLONE WHARF, PUTNEY EMBANKMENT, LONDON, SW15 1LB.

The presentation currency is £ sterling.
1.

Accounting policies

Significant accounting policies
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, the Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by Section 1A of the standard)
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Government grants
Government grants received are credited to deferred income. Grants towards capital expenditure are released to the income statement over the expected useful life of the assets. Grants received towards revenue expenditure are released to the income statement as the related expenditure is incurred.
Taxation
Taxation represents the sum of tax currently payable and deferred tax. Tax is recognised in the statement of income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves.
The company’s liability for current tax is calculated using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Current and deferred tax assets and liabilities are not discounted
Deferred taxation
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the reporting date.
Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the reporting date 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.
Current and deferred tax assets and liabilities are not discounted.
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Plant and Machinery 10% Reducing Balance
Motor Vehicles 25% Reducing Balance
Computer Equipment 20% Reducing Balance
Stocks
Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.
Provisions
Provisions are recognised when the company has a present obligation as a result of a past event which it is more probable than not will result in an outflow of economic benefits that can be reasonably estimated.
2.

Average number of employees

Average number of employees during the year was 8 (2023 : 8).
3.

Tangible fixed assets

Cost or valuation Plant and Machinery   Motor Vehicles   Computer Equipment   Total
  £   £   £   £
At 01 July 2023 503,660    634,005    31,247    1,168,912 
Additions   88,299    4,391    92,690 
Disposals   (36,465)     (36,465)
At 30 June 2024 503,660    685,839    35,638    1,225,137 
Depreciation
At 01 July 2023 289,277    461,592    22,627    773,496 
Charge for year 21,438    34,623    2,602    58,663 
On disposals   (14,383)     (14,383)
At 30 June 2024 310,715    481,832    25,229    817,776 
Net book values
Closing balance as at 30 June 2024 192,945    204,007    10,409    407,361 
Opening balance as at 01 July 2023 214,383    172,413    8,620    395,416 


4.

Stocks

2024
£
  2023
£
Stocks 5,000    5,000 
5,000    5,000 

5.

Debtors: amounts falling due within one year

2024
£
  2023
£
Trade Debtors 226,793    601,132 
Other Debtors 192,000    54,676 
Corporation Tax 7,987   
426,780    655,808 

5.

Debtors: amounts falling due after one year

2024
£
  2023
£
Other Debtors   81,797 
  81,797 

6.

Creditors: amount falling due within one year

2024
£
  2023
£
Trade Creditors 79,426    79,812 
Bank Loans & Overdrafts (Secured)   18,182 
Bank Loans & Overdrafts 18,182   
Corporation Tax   68,050 
PAYE & Social Security 2,293    3,239 
Accrued Expenses 2,450    2,450 
Other Creditors 1,492   
Obligations under HP/Financial Leases 38,567    29,561 
Directors' Current Accounts 15,000    15,000 
VAT 64,294    139,997 
221,704    356,291 

7.

Creditors: amount falling due after more than one year

2024
£
  2023
£
Bank Loans & Overdrafts (secured)   34,848 
Bank Loans & Overdrafts 16,666   
Obligations Under HP/Financial Leases 53,858    42,052 
70,524    76,900 

8.

Provisions for liabilities

2024
£
  2023
£
Deferred Tax 77,399    75,129 
77,399    75,129 

9.

Share Capital

Allotted, called up and fully paid
2024
£
  2023
£
100 Class A shares of £1.00 each 100    100 
100    100 

5