M Sports Group Limited 12492094 true 2023-04-01 2024-03-31 2024-03-31 The principal activity of the company is other sporting activities. Digita Accounts Production Advanced 6.30.9574.0 true true 12492094 2023-04-01 2024-03-31 12492094 2024-03-31 12492094 bus:OrdinaryShareClass1 2024-03-31 12492094 core:CurrentFinancialInstruments 2024-03-31 12492094 core:CurrentFinancialInstruments core:WithinOneYear 2024-03-31 12492094 bus:SmallEntities 2023-04-01 2024-03-31 12492094 bus:AuditExemptWithAccountantsReport 2023-04-01 2024-03-31 12492094 bus:FullAccounts 2023-04-01 2024-03-31 12492094 bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 12492094 bus:RegisteredOffice 2023-04-01 2024-03-31 12492094 bus:Director1 2023-04-01 2024-03-31 12492094 bus:OrdinaryShareClass1 2023-04-01 2024-03-31 12492094 bus:EntityHasNeverTraded 2023-04-01 2024-03-31 12492094 bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 12492094 countries:UnitedKingdom 2023-04-01 2024-03-31 12492094 2022-04-01 2023-03-31 12492094 2023-03-31 12492094 bus:OrdinaryShareClass1 2023-03-31 12492094 core:CurrentFinancialInstruments 2023-03-31 12492094 core:CurrentFinancialInstruments core:WithinOneYear 2023-03-31 iso4217:GBP xbrli:pure xbrli:shares

Registration number: 12492094

M Sports Group Limited

Annual Report and Unaudited Financial Statements

for the Year Ended 31 March 2024

 

M Sports Group Limited

Contents

Balance Sheet

1

Notes to the Unaudited Financial Statements

2 to 4

 

M Sports Group Limited

(Registration number: 12492094)
Balance Sheet as at 31 March 2024

Note

2024
£

2023
£

Current assets

 

Debtors

4

115

266

Cash at bank and in hand

 

6

108

 

121

374

Creditors: Amounts falling due within one year

5

(17,317)

(3,738)

Net liabilities

 

(17,196)

(3,364)

Capital and reserves

 

Called up share capital

6

100

100

Retained earnings

(17,296)

(3,464)

Shareholders' deficit

 

(17,196)

(3,364)

For the financial year ending 31 March 2024 the company was entitled to exemption from audit under section 480 of the Companies Act 2006 relating to dormant 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 his 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.

Approved and authorised by the director on 2 December 2024
 

Mr F A Major Morais
Director

   
     
 

M Sports Group Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024

1

General information

The company is a private company limited by share capital, incorporated in United Kingdom.

The address of its registered office is:
Parkhill Studio
Walton Road
Wetherby
West Yorkshire
LS22 5DZ
England

These financial statements were authorised for issue by the director on 2 December 2024.

2

Accounting policies

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.

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.

 

M Sports Group Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024

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.

3

Staff numbers

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

4

Debtors

Current

2024
£

2023
£

Other debtors

115

266

 

115

266

 

M Sports Group Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024

5

Creditors

Creditors: amounts falling due within one year

Note

2024
£

2023
£

Due within one year

 

Loans and borrowings

7

15,100

3,312

Trade creditors

 

1,817

96

Accruals and deferred income

 

400

330

 

17,317

3,738

6

Share capital

Allotted, called up and fully paid shares

2024

2023

No.

£

No.

£

Ordinary shares of £1 each

100

100

100

100

       

7

Loans and borrowings

Current loans and borrowings

2024
£

2023
£

Other borrowings

15,100

3,312