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REGISTERED NUMBER: 08120244 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 June 2024

for

Executives In Sport Group Ltd

Executives In Sport Group Ltd (Registered number: 08120244)






Contents of the Financial Statements
for the Year Ended 30 June 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Executives In Sport Group Ltd

Company Information
for the Year Ended 30 June 2024







DIRECTOR: Mr D K Simmons





REGISTERED OFFICE: Unit 4 Castle View
Trafalgar Wharf
Hamilton Road
Portsmouth
Hampshire
PO6 4PX





REGISTERED NUMBER: 08120244 (England and Wales)





ACCOUNTANTS: Andrew Spencer Associates Limited
Chartered Certified Accountants
328 Chatsworth Avenue
Cosham
Portsmouth
Hampshire
PO6 2UP

Executives In Sport Group Ltd (Registered number: 08120244)

Balance Sheet
30 June 2024

30.6.24 30.6.23
Notes £    £   
FIXED ASSETS
Tangible assets 4 23,055 26,427
Investments 5 10 10
23,065 26,437

CURRENT ASSETS
Debtors 6 169,864 105,754
Cash at bank and in hand 323,939 443,790
493,803 549,544
CREDITORS
Amounts falling due within one year 7 (159,677 ) (175,671 )
NET CURRENT ASSETS 334,126 373,873
TOTAL ASSETS LESS CURRENT
LIABILITIES

357,191

400,310

PROVISIONS FOR LIABILITIES 8 (4,380 ) (5,021 )
NET ASSETS 352,811 395,289

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 352,711 395,189
SHAREHOLDERS' FUNDS 352,811 395,289

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 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.

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 23 March 2025 and were signed by:





Mr D K Simmons - Director


Executives In Sport Group Ltd (Registered number: 08120244)

Notes to the Financial Statements
for the Year Ended 30 June 2024

1. STATUTORY INFORMATION

Executives In Sport Group Ltd 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

The financial statements relate to Executives in Sport Group Limited as an individual entity.

Significant judgements and estimates
The preparation of the financial statements requires the use by management of estimates and assumptions that affect the reported amounts of assets and liabilities at the date of the financial statements, and revenues and expenses during the reporting period. These estimates and assumptions are based on management's best knowledge of the amount, events or actions. Actual results may differ from those amounts.

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 is recognised when a candidate commences work in a permanent placement or as match days occur. In addition consultancy services are recognised when provided.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 25% on reducing balance
Computer Equipment - 33% on cost

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

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.

Executives In Sport Group Ltd (Registered number: 08120244)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024

2. ACCOUNTING POLICIES - continued

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 10 (2023 - 9 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings Equipment Totals
£    £    £   
COST
At 1 July 2023 23,559 70,617 94,176
Additions 1,972 7,934 9,906
Disposals - (1,331 ) (1,331 )
At 30 June 2024 25,531 77,220 102,751
DEPRECIATION
At 1 July 2023 12,996 54,753 67,749
Charge for year 2,876 10,402 13,278
Eliminated on disposal - (1,331 ) (1,331 )
At 30 June 2024 15,872 63,824 79,696
NET BOOK VALUE
At 30 June 2024 9,659 13,396 23,055
At 30 June 2023 10,563 15,864 26,427

5. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 July 2023
and 30 June 2024 10
NET BOOK VALUE
At 30 June 2024 10
At 30 June 2023 10

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Trade debtors 166,585 101,276
Other debtors 3,279 4,478
169,864 105,754

Executives In Sport Group Ltd (Registered number: 08120244)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Trade creditors (1,123 ) 82
Taxation and social security 122,272 106,453
Other creditors 38,528 69,136
159,677 175,671

8. PROVISIONS FOR LIABILITIES
30.6.24 30.6.23
£    £   
Deferred tax 4,380 5,021

Deferred
tax
£   
Balance at 1 July 2023 5,021
Credit to Statement of Income and Retained Earnings during year (641 )
Balance at 30 June 2024 4,380

9. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Mr D K Simmons.