Registration number:
Sport Massage Leicester Ltd
for the
Year Ended 30 June 2024
Sport Massage Leicester Ltd
Contents
Balance Sheet |
|
Notes to the Unaudited Financial Statements |
Sport Massage Leicester Ltd
Company registration number: 10232520
Balance Sheet as at 30 June 2024
Note |
2024 |
2023 |
|
Fixed assets |
|||
Tangible assets |
|
|
|
Investment property |
|
|
|
|
|
||
Current assets |
|||
Debtors |
|
|
|
Cash at bank and in hand |
|
|
|
|
|
||
Creditors: Amounts falling due within one year |
( |
( |
|
Net current assets |
|
|
|
Total assets less current liabilities |
|
|
|
Creditors: Amounts falling due after more than one year |
( |
( |
|
Provisions for liabilities |
( |
( |
|
Net assets |
|
|
|
Capital and reserves |
|||
Called up share capital |
|
|
|
Retained earnings |
|
|
|
Shareholders' funds |
|
|
Sport Massage Leicester Ltd
Company registration number: 10232520
Balance Sheet as at 30 June 2024 (continued)
For the financial year ending 30 June 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
• |
|
• |
The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts. |
Approved and authorised by the
|
Sport Massage Leicester Ltd
Notes to the Unaudited Financial Statements for the
Year Ended 30 June 2024
General information |
The company is a private company limited by share capital, incorporated in England & Wales.
The address of its registered office is:
Accounting policies |
Summary of significant accounting policies and key accounting estimates
The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.
Statement of compliance
These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).
Basis of preparation
These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.
Revenue recognition
Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of value added tax.
Tax
Tax charges are calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date.
Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.
Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.
Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.
Sport Massage Leicester Ltd
Notes to the Unaudited Financial Statements for the
Year Ended 30 June 2024 (continued)
Tangible assets
Tangible assets are stated in the balance sheet at cost, less subsequent accumulated depreciation and any subsequent accumulated impairment losses.
Depreciation
Depreciation is charged so as to write off the cost of assets over their estimated useful lives, as follows:
Asset class |
Depreciation method and rate |
Equipment |
10% on cost or 25% on book value |
Investment property
Trade debtors
Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.
Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.
Staff numbers |
The average number of persons employed by the company (including the director) during the year, was
Sport Massage Leicester Ltd
Notes to the Unaudited Financial Statements for the
Year Ended 30 June 2024 (continued)
Tangible assets |
Equipment
|
Total |
|
Cost or valuation |
||
At 1 July 2023 |
|
|
Additions |
|
|
At 30 June 2024 |
|
|
Depreciation |
||
At 1 July 2023 |
|
|
Charge for the year |
|
|
At 30 June 2024 |
|
|
Carrying amount |
||
At 30 June 2024 |
|
|
At 30 June 2023 |
|
|
Investment properties |
2024 |
|
At 1 July |
|
At 30 June |
|
There has been no valuation of investment property by an independent valuer.
Sport Massage Leicester Ltd
Notes to the Unaudited Financial Statements for the
Year Ended 30 June 2024 (continued)
Creditors |
Creditors: amounts falling due within one year
2024 |
2023 |
|
Bank loans and overdrafts |
|
14,315 |
Taxation and social security |
|
12,705 |
Other creditors |
|
3,675 |
|
30,695 |
Creditors: amounts falling due after more than one year
2024 |
2023 |
|
Loans and borrowings |
|
|
Secured liabilities
Creditors includes a bank loan and HP obligations, which are secured, totalled £120,041 (2023: £128,198).