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Registered number: 11231854
You Can DO Sport Ltd
Unaudited Financial Statements
For The Year Ended 31 July 2024
Access Accounts Services Ltd
Office 11 Navigation Business Centre
Mill Gate
Newark
Nottinghamshire
NG24 4TS
Contents
Page
Accountant's Report 1
Balance Sheet 2
Notes to the Financial Statements 3—4
Page 1
Accountant's Report
Chartered Accountant's report to the director on the preparation of the unaudited statutory accounts of You Can DO Sport Ltd for the year ended 31 July 2024
In order to assist you to fulfil your duties under the Companies Act 2006, I have prepared for your approval the accounts of You Can DO Sport Ltd for the year ended 31 July 2024 which comprise 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 to us.
As a practising member 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 http://www.icaew.com/en/membership/regulations-standards-and-guidance.
This report is made solely to the director of You Can DO Sport Ltd , as a body, in accordance with the terms of our engagement letter dated 20 December 2023. Our work has been undertaken solely to prepare for your approval the accounts of You Can DO Sport Ltd and state those matters that we have agreed to state to the director of You Can DO Sport 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 You Can DO Sport Ltd and its director, as a body, for our work or for this report.
It is your duty to ensure that You Can DO Sport Ltd has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit or loss of You Can DO Sport Ltd . You consider that You Can DO Sport Ltd is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit of the accounts of You Can DO Sport 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 financial statements.
Signed
14 April 2025
Access Accounts Services Ltd
Office 11 Navigation Business Centre
Mill Gate
Newark
Nottinghamshire
NG24 4TS
Page 1
Page 2
Balance Sheet
Registered number: 11231854
31 July 2024 31 July 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 2,566 2,566
2,566 2,566
CURRENT ASSETS
Debtors 5 2,417 2,417
Cash at bank and in hand 7,491 10,021
9,908 12,438
Creditors: Amounts Falling Due Within One Year 6 (8,847 ) (7,114 )
NET CURRENT ASSETS (LIABILITIES) 1,061 5,324
TOTAL ASSETS LESS CURRENT LIABILITIES 3,627 7,890
NET ASSETS 3,627 7,890
CAPITAL AND RESERVES
Called up share capital 7 100 100
Profit and Loss Account 3,527 7,790
SHAREHOLDERS' FUNDS 3,627 7,890
For the year ending 31 July 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mrs Natalia Hart
Director
14 April 2025
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
You Can DO Sport Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 11231854 . The registered office is Office 11, Navigation Business Centre, Mill Gate, Newark, NG24 4TS.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Plant & Machinery 25% reducing balance
2.4. Financial Instruments
Debtors

Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

Creditors

Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

Provisions

Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.

3. Average Number of Employees
Average number of employees, including directors, during the year was: NIL (2023: 1)
- 1
Page 3
Page 4
4. Tangible Assets
Plant & Machinery
£
Cost
As at 1 August 2023 7,594
As at 31 July 2024 7,594
Depreciation
As at 1 August 2023 5,028
As at 31 July 2024 5,028
Net Book Value
As at 31 July 2024 2,566
As at 1 August 2023 2,566
5. Debtors
31 July 2024 31 July 2023
£ £
Due within one year
Trade debtors 2,417 2,417
6. Creditors: Amounts Falling Due Within One Year
31 July 2024 31 July 2023
£ £
Trade creditors 461 145
Director's loan account 8,386 6,969
8,847 7,114
7. Share Capital
31 July 2024 31 July 2023
£ £
Allotted, Called up and fully paid 100 100
Page 4