AHEAD OF THE GAME ENTERPRISES LTD

Company Registration Number:
12772085 (England and Wales)

Unaudited statutory accounts for the year ended 31 July 2024

Period of accounts

Start date: 1 August 2023

End date: 31 July 2024

AHEAD OF THE GAME ENTERPRISES LTD

Contents of the Financial Statements

for the Period Ended 31 July 2024

Profit and loss
Balance sheet
Additional notes
Balance sheet notes

AHEAD OF THE GAME ENTERPRISES LTD

Profit And Loss Account

for the Period Ended 31 July 2024

2024 2023


£

£
Turnover: 1,282,108 671,796
Cost of sales: ( 795,617 ) ( 430,885 )
Gross profit(or loss): 486,491 240,911
Administrative expenses: ( 557,578 ) ( 220,131 )
Other operating income: 81,499 9,176
Operating profit(or loss): 10,412 29,956
Interest receivable and similar income: 628
Interest payable and similar charges: ( 4,918 ) ( 17,676 )
Profit(or loss) before tax: 6,122 12,280
Profit(or loss) for the financial year: 6,122 12,280

AHEAD OF THE GAME ENTERPRISES LTD

Balance sheet

As at 31 July 2024

Notes 2024 2023


£

£
Called up share capital not paid: 0 0
Fixed assets
Tangible assets: 3 173,911 79,898
Total fixed assets: 173,911 79,898
Current assets
Debtors: 4 104,878 56,623
Cash at bank and in hand: 8,092 55,066
Total current assets: 112,970 111,689
Creditors: amounts falling due within one year: 5 ( 350,618 ) ( 205,862 )
Net current assets (liabilities): (237,648) (94,173)
Total assets less current liabilities: (63,737) ( 14,275)
Creditors: amounts falling due after more than one year: 6 ( 55,584 )
Total net assets (liabilities): (63,737) (69,859)
Capital and reserves
Called up share capital: 1 1
Profit and loss account: (63,738 ) (69,860 )
Total Shareholders' funds: ( 63,737 ) (69,859)

The notes form part of these financial statements

AHEAD OF THE GAME ENTERPRISES LTD

Balance sheet statements

For the year ending 31 July 2024 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

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

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

This report was approved by the board of directors on 20 January 2025
and signed on behalf of the board by:

Name: Rory Pitman
Status: Director

The notes form part of these financial statements

AHEAD OF THE GAME ENTERPRISES LTD

Notes to the Financial Statements

for the Period Ended 31 July 2024

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

    Turnover policy

    Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.

    Tangible fixed assets depreciation policy

    Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:

    Other accounting policies

    Government Grants Leased Assets Pension Costs

AHEAD OF THE GAME ENTERPRISES LTD

Notes to the Financial Statements

for the Period Ended 31 July 2024

  • 2. Employees

    2024 2023
    Average number of employees during the period 4 4

AHEAD OF THE GAME ENTERPRISES LTD

Notes to the Financial Statements

for the Period Ended 31 July 2024

3. Tangible assets

Land & buildings Plant & machinery Fixtures & fittings Office equipment Motor vehicles Total
Cost £ £ £ £ £ £
At 1 August 2023 21,542 42,385 28,758 92,685
Additions 63,321 65,750 129,071
Disposals
Revaluations
Transfers
At 31 July 2024 21,542 105,706 94,508 221,756
Depreciation
At 1 August 2023 927 7,725 4,135 12,787
Charge for year 2,196 22,695 10,167 35,058
On disposals
Other adjustments
At 31 July 2024 3,123 30,420 14,302 47,845
Net book value
At 31 July 2024 18,419 75,286 80,206 173,911
At 31 July 2023 20,615 34,660 24,623 79,898

AHEAD OF THE GAME ENTERPRISES LTD

Notes to the Financial Statements

for the Period Ended 31 July 2024

4. Debtors

2024 2023
£ £
Trade debtors 55,877 46,372
Prepayments and accrued income 1,710
Other debtors 47,291 10,251
Total 104,878 56,623

AHEAD OF THE GAME ENTERPRISES LTD

Notes to the Financial Statements

for the Period Ended 31 July 2024

5. Creditors: amounts falling due within one year note

2024 2023
£ £
Bank loans and overdrafts 47,379
Amounts due under finance leases and hire purchase contracts 86,833 23,949
Trade creditors 51,743 10,129
Taxation and social security 7,602 700
Accruals and deferred income 350 21,824
Other creditors 156,711 149,260
Total 350,618 205,862

AHEAD OF THE GAME ENTERPRISES LTD

Notes to the Financial Statements

for the Period Ended 31 July 2024

6. Creditors: amounts falling due after more than one year note

  2023
  £
Bank loans and overdrafts 55,584
Total   55,584