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Balance Sheet | 1—2 |
Notes to the Financial Statements | 3—5 |
2024 | 2023 | ||||
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Notes | £ | £ | £ | £ | |
FIXED ASSETS | |||||
Tangible Assets | 4 |
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CURRENT ASSETS | |||||
Debtors | 5 |
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Cash at bank and in hand |
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Creditors: Amounts Falling Due Within One Year | 6 |
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NET CURRENT ASSETS (LIABILITIES) |
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TOTAL ASSETS LESS CURRENT LIABILITIES |
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NET ASSETS |
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CAPITAL AND RESERVES | |||||
Called up share capital | 7 |
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Profit and Loss Account |
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SHAREHOLDERS' FUNDS | 727 | 93,162 | |||
Director
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Freehold |
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Plant & Machinery |
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Land & Property | |||
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Freehold | Plant & Machinery | Total | |
£ | £ | £ | |
Cost | |||
As at 1 February 2023 |
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Additions |
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As at 31 January 2024 |
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Depreciation | |||
As at 1 February 2023 |
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Provided during the period |
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As at 31 January 2024 |
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Net Book Value | |||
As at 31 January 2024 |
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As at 1 February 2023 |
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2024 | 2023 | ||
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£ | £ | ||
Due within one year | |||
Other debtors | 77,082 | 11,106 | |
2024 | 2023 | ||
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£ | £ | ||
Trade creditors | - |
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Other creditors | 38,939 | 54,181 | |
Taxation and social security |
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J Morgan
The above is a director of the company.
During the period the director drew monies against his loan account. At the balance sheet date, he was owed £35,122 (2023: £52,982) from the company. No interest was charged on the loan in the period.
Spring Rock Developments Limited
The above is a related party by virtue of common control.
At the balance sheet date the related party owed the company £29,854 (2023: £3,798).
S A Morgan
The above is a related party by virtue of common control
At the balance sheet date the related party owed the company £25,278 (2023: £NIL).
R C Morgan
The above is a director and shareholder of the company.
During the period the director drew monies from the company. At the balance sheet date, he was owed £2,617 (2023: £NIL) from the company. No interest was charged on the loan in the period.
Morgan Sport Management Limited
The above is a related party by virtue of the director being a family member of the directors.
During the period the company incurred costs on behalf of the related party. At the balance sheet date the related party owed the company £4,794 (2023: £4,794).