Registered number
09028018
Sports Massage Academy Ltd
Report and Accounts
31 May 2024
Sports Massage Academy Ltd
Report to the directors on the preparation of the unaudited statutory accounts of Sports Massage Academy Ltd for the year ended 31 May 2024
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Sports Massage Academy Ltd for the year ended 31 May 2024 which comprise of the Profit and Loss Account, the Balance Sheet and the related notes from the company’s accounting records and from information and explanations you have given us.
As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at
http://rulebook.accaglobal.com/
Our work has been undertaken in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/factsheet163.
Coalesco Accountants Limited
Chartered Certified Accountants
156 Russell Drive
Wollaton
Nottingham
NG8 2BE
25 February 2025
Sports Massage Academy Ltd
Registered number: 09028018
Balance Sheet
as at 31 May 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 100,681 74,757
Investments 4 1 1
100,682 74,758
Current assets
Debtors 5 56,445 43,205
Cash at bank and in hand 5,102 9,150
61,547 52,355
Creditors: amounts falling due within one year 6 (19,433) (5,268)
Net current assets 42,114 47,087
Total assets less current liabilities 142,796 121,845
Creditors: amounts falling due after more than one year 7 (63,661) (30,833)
Net assets 79,135 91,012
Capital and reserves
Called up share capital 2 2
Profit and loss account 79,133 91,010
Shareholders' funds 79,135 91,012
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
A S Hall
Director
Approved by the board on 25 February 2025
Sports Massage Academy Ltd
Notes to the Accounts
for the year ended 31 May 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland.
Turnover
Turnover represents the value of goods provided to customers and work carried out in respect of services provided to customers.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Computer Equipment 33.3% straight line
Gym Equipment 20% straight line
Office Equipment 20% straight line
Buildings 10% straight line
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 3 3
3 Tangible fixed assets
Buildings Plant and machinery etc Motor vehicles Total
£ £ £ £
Cost
At 1 June 2023 49,167 84,248 31,414 164,829
Additions - 1,557 53,471 55,028
At 31 May 2024 49,167 85,805 84,885 219,857
Depreciation
At 1 June 2023 11,278 52,585 26,209 90,072
Charge for the year 4,667 11,815 12,622 29,104
At 31 May 2024 15,945 64,400 38,831 119,176
Net book value
At 31 May 2024 33,222 21,405 46,054 100,681
At 31 May 2023 37,889 31,663 5,205 74,757
4 Investments
Other
investments
£
Cost
At 1 June 2023 1
At 31 May 2024 1
5 Debtors 2024 2023
£ £
Trade debtors 1,745 2,805
Other debtors 54,700 40,400
56,445 43,205
6 Creditors: amounts falling due within one year 2024 2023
£ £
Trade creditors 5,312 3,835
Corporation tax 16,619 14,180
Other taxes and social security costs 6,967 4,780
Other creditors (9,465) (17,527)
19,433 5,268
7 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 20,833 30,833
Obligations under finance lease and hire purchase contracts 42,828 -
63,661 30,833
8 Other information
Sports Massage Academy Ltd is a private company limited by shares and incorporated in England. Its registered office is:
102 Queens Road
Cheadle Hulme
Cheadle
England
SK8 5HS
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