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REGISTERED NUMBER: 06634447 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2024

FOR

SPORT DEVELOPMENT (UK) LIMITED

SPORT DEVELOPMENT (UK) LIMITED (REGISTERED NUMBER: 06634447)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


SPORT DEVELOPMENT (UK) LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 JUNE 2024







DIRECTOR: Mr C R Knott





REGISTERED OFFICE: 29 Hatchford Brook Road
Solihull
West Midlands
B92 9AG





REGISTERED NUMBER: 06634447 (England and Wales)





ACCOUNTANTS: Askews Chartered Certified Accountants
5 The Quadrant
Coventry
West Midlands
CV1 2EL

SPORT DEVELOPMENT (UK) LIMITED (REGISTERED NUMBER: 06634447)

BALANCE SHEET
30 JUNE 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 3 1,989 2,441

CURRENT ASSETS
Stocks 300 300
Debtors 4 874 1,727
Cash at bank 8,673 9,974
9,847 12,001
CREDITORS
Amounts falling due within one year 5 12,515 15,629
NET CURRENT LIABILITIES (2,668 ) (3,628 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(679

)

(1,187

)

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings (681 ) (1,189 )
SHAREHOLDERS' FUNDS (679 ) (1,187 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The 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.

The financial statements were approved by the director and authorised for issue on 4 February 2025 and were signed by:




Mr C R Knott - Director


SPORT DEVELOPMENT (UK) LIMITED (REGISTERED NUMBER: 06634447)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024


1. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Going Concern

At 30 June 2024 the company had net liabilities of £679 (2023 - £1,187). Based on future forecasted profits and the continuing support of the company's bank, the director is of opinion of the company is a going concern and therefore the accounts have been prepared on this basis.

Turnover
Turnover represents fees received for football and sports coaching. Turnover is recognised when the coaching activities are physically given to the customers.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery - 25% reducing balance
Motor vehicles - 25% reducing balance
Computer equipment - 25% 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.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

2. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 2 ) .

SPORT DEVELOPMENT (UK) LIMITED (REGISTERED NUMBER: 06634447)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2024


3. TANGIBLE FIXED ASSETS
Plant and Motor Computer
machinery vehicles equipment Totals
£    £    £    £   
COST
At 1 July 2023 1,836 7,001 4,039 12,876
Additions 161 - - 161
At 30 June 2024 1,997 7,001 4,039 13,037
DEPRECIATION
At 1 July 2023 1,653 6,300 2,482 10,435
Charge for year 49 175 389 613
At 30 June 2024 1,702 6,475 2,871 11,048
NET BOOK VALUE
At 30 June 2024 295 526 1,168 1,989
At 30 June 2023 183 701 1,557 2,441

Fixed assets, included in the above, which are held under hire purchase contracts or finance leases are as follows:
Motor
vehicles
£   
COST
At 1 July 2023
and 30 June 2024 7,001
DEPRECIATION
At 1 July 2023 6,300
Charge for year 175
At 30 June 2024 6,475
NET BOOK VALUE
At 30 June 2024 526
At 30 June 2023 701

4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 209 -
Accrued Income 665 1,727
874 1,727

SPORT DEVELOPMENT (UK) LIMITED (REGISTERED NUMBER: 06634447)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2024


5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors - 188
Corporation tax (386 ) (375 )
Social security & other taxes (153 ) (441 )
Pension Control 51 102
VAT 2,061 3,077
Directors' current accounts 9,110 11,231
Accrued expenses 1,832 1,847
12,515 15,629

6. ULTIMATE CONTROLLING PARTY

The controlling party is Mr C R Knott.