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Company Registration No. 11593035 (England and Wales)
GT7 FOOTBALL ACADEMY LIMITED Unaudited accounts for the year ended 30 September 2024
GT7 FOOTBALL ACADEMY LIMITED Unaudited accounts Contents
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GT7 FOOTBALL ACADEMY LIMITED Company Information for the year ended 30 September 2024
Directors
C D Gardner S Gardner G K Thompson
Company Number
11593035 (England and Wales)
Registered Office
Westleigh Station Road Sedbergh Cumbria LA10 5HP
Accountants
Parkin Finance Limited
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GT7 FOOTBALL ACADEMY LIMITED Statement of financial position as at 30 September 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
2,911 
1,265 
Current assets
Debtors
6,281 
7,367 
Cash at bank and in hand
23,794 
19,656 
30,075 
27,023 
Creditors: amounts falling due within one year
(32,084)
(24,123)
Net current (liabilities)/assets
(2,009)
2,900 
Total assets less current liabilities
902 
4,165 
Provisions for liabilities
Deferred tax
(553)
(240)
Net assets
349 
3,925 
Capital and reserves
Called up share capital
20 
20 
Profit and loss account
329 
3,905 
Shareholders' funds
349 
3,925 
For the year ending 30 September 2024 the company was entitled to exemption from audit 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 10 January 2024 and were signed on its behalf by
C D Gardner Director Company Registration No. 11593035
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GT7 FOOTBALL ACADEMY LIMITED Notes to the Accounts for the year ended 30 September 2024
1
Statutory information
GT7 FOOTBALL ACADEMY LIMITED is a private company, limited by shares, registered in England and Wales, registration number 11593035. The registered office is Westleigh, Station Road, Sedbergh, Cumbria, LA10 5HP.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
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 and depreciation
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:
Plant & machinery
10% reducing balance / 3 years straight line
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
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GT7 FOOTBALL ACADEMY LIMITED Notes to the Accounts for the year ended 30 September 2024
4
Tangible fixed assets
Plant & machinery 
£ 
Cost or valuation
At cost 
At 1 October 2023
1,929 
Additions
2,043 
At 30 September 2024
3,972 
Depreciation
At 1 October 2023
664 
Charge for the year
397 
At 30 September 2024
1,061 
Net book value
At 30 September 2024
2,911 
At 30 September 2023
1,265 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
5,055 
3,604 
Accrued income and prepayments
1,226 
3,223 
Other debtors
- 
540 
6,281 
7,367 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
VAT
6,419 
4,790 
Taxes and social security
6,688 
9,700 
Other creditors
- 
3,919 
Loans from directors
577 
247 
Accruals
11,561 
780 
Deferred income
6,839 
4,687 
32,084 
24,123 
7
Average number of employees
During the year the average number of employees was 3 (2023: 3).
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