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REGISTERED NUMBER: 06984141 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 August 2024

for

MMA Academy Limited

MMA Academy Limited (Registered number: 06984141)






Contents of the Financial Statements
for the Year Ended 31 August 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


MMA Academy Limited

Company Information
for the Year Ended 31 August 2024







DIRECTOR: Mr Jason Tan





REGISTERED OFFICE: 17 Vulcan Street
Liverpool
Merseyside
L3 7BG





REGISTERED NUMBER: 06984141 (England and Wales)





ACCOUNTANTS: LJS Accounting Services (UK) Ltd
Unit 5, 1st Floor
Connect Business Village
24 Derby Road
Liverpool
Merseyside
L5 9PR

MMA Academy Limited (Registered number: 06984141)

Balance Sheet
31 August 2024

31.8.24 31.8.23
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 51,472 57,860
Investments 5 14,000 14,000
65,472 71,860

CURRENT ASSETS
Stocks 304 1,080
Debtors 6 6,367 7,104
Cash at bank 3,017 28,959
9,688 37,143
CREDITORS
Amounts falling due within one year 7 42,652 63,184
NET CURRENT LIABILITIES (32,964 ) (26,041 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

32,508

45,819

CREDITORS
Amounts falling due after more than one
year

8

(19,396

)

(29,312

)

PROVISIONS FOR LIABILITIES (9,780 ) (10,993 )
NET ASSETS 3,332 5,514

CAPITAL AND RESERVES
Called up share capital 9 50 50
Retained earnings 10 3,282 5,464
SHAREHOLDERS' FUNDS 3,332 5,514

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 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.

MMA Academy Limited (Registered number: 06984141)

Balance Sheet - continued
31 August 2024


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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 2 May 2025 and were signed by:





Mr Jason Tan - Director


MMA Academy Limited (Registered number: 06984141)

Notes to the Financial Statements
for the Year Ended 31 August 2024

1. STATUTORY INFORMATION

MMA Academy Limited 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.

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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 25% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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

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.

MMA Academy Limited (Registered number: 06984141)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2024

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 September 2023 107,494 11,717 12,991 5,359 137,561
Additions 7,994 1,416 - - 9,410
At 31 August 2024 115,488 13,133 12,991 5,359 146,971
DEPRECIATION
At 1 September 2023 53,138 10,330 12,259 3,974 79,701
Charge for year 14,866 402 183 347 15,798
At 31 August 2024 68,004 10,732 12,442 4,321 95,499
NET BOOK VALUE
At 31 August 2024 47,484 2,401 549 1,038 51,472
At 31 August 2023 54,356 1,387 732 1,385 57,860

5. FIXED ASSET INVESTMENTS
Intercompany
£   
At 1 September 2023
and 31 August 2024 14,000

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.24 31.8.23
£    £   
Trade debtors - 3,074
Other debtors 6,367 4,030
6,367 7,104

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.24 31.8.23
£    £   
Hire purchase contracts 1,821 21,600
Taxation and social security 39,480 32,667
Other creditors 1,351 8,917
42,652 63,184

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.8.24 31.8.23
£    £   
Bank loans 19,396 29,312

MMA Academy Limited (Registered number: 06984141)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2024

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR - continued
31.8.24 31.8.23
£    £   
Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 19,396 29,312

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.8.24 31.8.23
value: £    £   
1 Ordinary 1 50 50

10. RESERVES
Retained
earnings
£   

At 1 September 2023 5,464
Profit for the year 32,818
Dividends (35,000 )
At 31 August 2024 3,282