Company registration number 14102718 (England and Wales)
AG SPORTS AND MEDIA LTD
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024
PAGES FOR FILING WITH REGISTRAR
AG SPORTS AND MEDIA LTD
ACCOUNTANTS' REPORT TO THE DIRECTOR ON THE PREPARATION OF THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF AG SPORTS AND MEDIA LTD FOR THE YEAR ENDED 31 MAY 2024
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In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of AG Sports and Media Ltd for the year ended 31 May 2024, which comprise the statement of financial position, from the company’s accounting records and from information and explanations you have given us.

 

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at https://www.icaew.com/regulation.

This report is made solely to the board of directors of AG Sports and Media Ltd, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the financial statements of AG Sports and Media Ltd and state those matters that we have agreed to state to the board of directors of AG Sports and Media Ltd, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than AG Sports and Media Ltd and its board of directors as a body, for our work or for this report.

It is your duty to ensure that AG Sports and Media Ltd has kept adequate accounting records and to prepare statutory financial statements that comply with the requirements of the Companies Act 2006. You consider that AG Sports and Media Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of AG Sports and Media Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

HSKS Greenhalgh Ltd
Chartered Accountants
Charlotte House
Stanier Way
The Wyvern Business Park
Derby
DE21 6BF
26 February 2025
AG SPORTS AND MEDIA LTD
STATEMENT OF FINANCIAL POSITION
AS AT
31 MAY 2024
31 May 2024
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2024
2023
£
£
£
£
Fixed assets
6,264
122,242
Current assets
462,237
168,812
Creditors: amounts falling due within one year
(242,520)
(155,829)
Net current assets
219,717
12,983
Total assets less current liabilities
225,981
135,225
Net assets
225,981
135,225
Capital and reserves
225,981
135,225
Notes to the financial statements
1
Reporting period

The financial statements have been prepared for the period from 1 June 2023 to 31 May 2024.

2
Director's benefits: advances, credit and guarantees

Throughout the period the director held a loan with the company. As at the balance sheet date £444,716 (2023: £157,730) was payable by the director to the company.

 

Interest is charged at HM Revenue & Customs approved rates. The loan is unsecured and repayable on demand.

3
Employees

The average number of persons, including directors, employed by the company during the year was as follows:

2024
2023
Number
Number
Employees
-
0
-
0

AG Sports and Media Ltd is a private company limited by shares incorporated in England and Wales. The registered office is Charlotte House, Stanier Way, The Wyvern Business Park, Derby, DE21 6BF.

For the year ended 31 May 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

AG SPORTS AND MEDIA LTD
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT
31 MAY 2024
31 May 2024
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These financial statements have been prepared in accordance with the micro-entity provisions and in accordance with FRS 105 'The Financial Reporting Standard applicable to the Micro-entities Regime' and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

 

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary

amounts in these financial statements are rounded to the nearest £.

 

The director of the company has elected not to include a copy of the income statement within the financial statements.true

The financial statements were approved and signed by the director and authorised for issue on 26 February 2025
Mr A D Gray
Director
Company registration number 14102718 (England and Wales)
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