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REGISTERED NUMBER: 08348941 (England and Wales)















KENT SPORTS ACADEMY LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024






KENT SPORTS ACADEMY LIMITED (REGISTERED NUMBER: 08348941)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


KENT SPORTS ACADEMY LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTOR: Mr A A Davis





REGISTERED OFFICE: Unit 10
Javelin Way
Henwood Estate
Ashford
Kent
TN24 8FN





REGISTERED NUMBER: 08348941 (England and Wales)





ACCOUNTANTS: Spurling Cannon
King Arthur’s Court
Maidstone Road
Charing
Kent
TN27 0JS

KENT SPORTS ACADEMY LIMITED (REGISTERED NUMBER: 08348941)

BALANCE SHEET
31 MARCH 2024

2024 2023
Notes £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 474 434
474 434

CURRENT ASSETS
Debtors 6 33,843 33,848
Cash at bank and in hand 1,170 1,170
35,013 35,018
CREDITORS
Amounts falling due within one year 7 (21,599 ) (23,007 )
NET CURRENT ASSETS 13,414 12,011
TOTAL ASSETS LESS CURRENT
LIABILITIES

13,888

12,445

CREDITORS
Amounts falling due after more than one
year

8

(19,482

)

(17,625

)
NET LIABILITIES (5,594 ) (5,180 )

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Retained earnings 9 (6,594 ) (6,180 )
(5,594 ) (5,180 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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.

KENT SPORTS ACADEMY LIMITED (REGISTERED NUMBER: 08348941)

BALANCE SHEET - continued
31 MARCH 2024


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 26 February 2025 and were signed by:





Mr A A Davis - Director


KENT SPORTS ACADEMY LIMITED (REGISTERED NUMBER: 08348941)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1. STATUTORY INFORMATION

Kent Sports Academy Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. 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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2018, is being amortised evenly over its estimated useful life of five years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 25% on reducing balance
Computer equipment - 25% on reducing balance

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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

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

KENT SPORTS ACADEMY LIMITED (REGISTERED NUMBER: 08348941)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2023
and 31 March 2024 10,000
AMORTISATION
At 1 April 2023
and 31 March 2024 10,000
NET BOOK VALUE
At 31 March 2024 -
At 31 March 2023 -

5. TANGIBLE FIXED ASSETS
Plant and Computer
machinery equipment Totals
£    £    £   
COST
At 1 April 2023 1,879 - 1,879
Additions - 199 199
At 31 March 2024 1,879 199 2,078
DEPRECIATION
At 1 April 2023 1,445 - 1,445
Charge for year 109 50 159
At 31 March 2024 1,554 50 1,604
NET BOOK VALUE
At 31 March 2024 325 149 474
At 31 March 2023 434 - 434

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Directors' current accounts 32,842 32,847
Tax 1,001 1,001
33,843 33,848

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 14,578 15,296
Corporation Tax 5,161 5,261
Accrued expenses 1,860 2,450
21,599 23,007

KENT SPORTS ACADEMY LIMITED (REGISTERED NUMBER: 08348941)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans - 2-5 years 19,482 17,625

9. RESERVES
Retained
earnings
£   

At 1 April 2023 (6,180 )
Deficit for the year (414 )
At 31 March 2024 (6,594 )

10. GOING CONCERN

The company has made a profit during the year but at the balance sheet date, it had net liabilities. The company is reliant on the support by the director, who has lent the company a loan.

On the basis that the director will continue to support the reporting entity for the forseeable future, the director considers it appropriate to prepare the financial statement on a going concern basis.