Company Registration No. 12840932 (England and Wales)
Elite Youth Sports Ltd
Unaudited accounts
for the year ended 31 August 2024
Elite Youth Sports Ltd
Unaudited accounts
Contents
Elite Youth Sports Ltd
Company Information
for the year ended 31 August 2024
Director
Mr Gareth David Tucker
Company Number
12840932 (England and Wales)
Registered Office
66 CALDECOTT CHASE
ABINGDON
OX14 5GZ
ENGLAND
Accountants
Edmil Accountants UK Ltd
146 Broadway
Didcot
Oxfordshire
OX11 8SH
Elite Youth Sports Ltd
Statement of financial position
as at 31 August 2024
Tangible assets
18,863
1,376
Cash at bank and in hand
162,800
209,311
Creditors: amounts falling due within one year
(62,131)
(52,973)
Net current assets
246,710
156,338
Net assets
265,573
157,714
Called up share capital
1
1
Profit and loss account
265,572
157,713
Shareholders' funds
265,573
157,714
For the year ending 31 August 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 10 January 2025 and were signed on its behalf by
Mr Gareth David Tucker
Director
Company Registration No. 12840932
Elite Youth Sports Ltd
Notes to the Accounts
for the year ended 31 August 2024
Elite Youth Sports Ltd is a private company, limited by shares, registered in England and Wales, registration number 12840932. The registered office is 66 CALDECOTT CHASE, ABINGDON, OX14 5GZ, ENGLAND.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Computer equipment
Depreciation is calculated using 33% Reducing Balance Method
4
Tangible fixed assets
Motor vehicles
Computer equipment
Total
Cost or valuation
At cost
At cost
At 1 September 2023
-
2,054
2,054
Additions
16,853
3,750
20,603
At 31 August 2024
16,853
5,804
22,657
At 1 September 2023
-
678
678
Charge for the year
2,247
869
3,116
At 31 August 2024
2,247
1,547
3,794
At 31 August 2024
14,606
4,257
18,863
At 31 August 2023
-
1,376
1,376
Amounts falling due within one year
Elite Youth Sports Ltd
Notes to the Accounts
for the year ended 31 August 2024
6
Creditors: amounts falling due within one year
2024
2023
Taxes and social security
51,217
45,776
Loans from directors
9,299
9,047
7
Transactions with related parties
At year end 31 August 2024, the company owed the sum of £9,299 to the director Mr Gareth David Tucker. (FY: 2023- £9,047)
8
Average number of employees
During the year the average number of employees was 138 (2023: 80).