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Registration number: 11056314

Complete Cricket (International) Limited

Unaudited Filleted Financial Statements

for the Year Ended 31 March 2025

 

Complete Cricket (International) Limited

Contents

Company Information

1

Balance Sheet

2 to 3

Notes to the Unaudited Financial Statements

4 to 9

 

Complete Cricket (International) Limited

Company Information

Directors

Mr David Smith

Mr James Spires

Registered office

27 Old Gloucester Sreet
London
WC1N 3AX

Accountants

AIMS Accountants for Business
33 Hollington Way
Solihull
West Midlands
B90 4YD

 

Complete Cricket (International) Limited

(Registration number: 11056314)
Balance Sheet as at 31 March 2025

Note

2025
£

2024
£

Fixed assets

 

Tangible assets

4

29,367

47,674

Current assets

 

Debtors

5

131,382

96,823

Cash at bank and in hand

 

45,902

30,344

 

177,284

127,167

Creditors: Amounts falling due within one year

6

(73,533)

(67,072)

Net current assets

 

103,751

60,095

Total assets less current liabilities

 

133,118

107,769

Creditors: Amounts falling due after more than one year

6

(25,281)

(33,172)

Net assets

 

107,837

74,597

Capital and reserves

 

Called up share capital

7

118

118

Share premium reserve

249,972

249,972

Retained earnings

(142,253)

(175,493)

Shareholders' funds

 

107,837

74,597

For the financial year ending 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 22 May 2025 and signed on its behalf by:
 

 

Complete Cricket (International) Limited

(Registration number: 11056314)
Balance Sheet as at 31 March 2025

.........................................
Mr David Smith
Director

.........................................
Mr James Spires
Director

 

Complete Cricket (International) Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

1

General information

The company is a private company limited by share capital, incorporated in England.

The address of its registered office is:
27 Old Gloucester Sreet
London
WC1N 3AX
England

These financial statements were authorised for issue by the Board on 22 May 2025.

2

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 sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Foreign currency transactions and balances

Transactions in foreign currencies are initially recorded at the functional currency rate prevailing at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are retranslated into the respective functional currency of the entity at the rates prevailing on the reporting period date. Non-monetary items carried at fair value that are denominated in foreign currencies are retranslated at the rate on the date when the fair value is re-measured.

Non-monetary items measured in terms of historical cost in a foreign currency are not retranslated.

 

Complete Cricket (International) Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

Tax

The tax expense for the period comprises tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Computer equipment

20% on cost

Office equipment

20% on reducing balance

Plant and machinery

20% on reducing balance

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

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.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

 

Complete Cricket (International) Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 2 (2024 - 5).

 

Complete Cricket (International) Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

4

Tangible assets

Computer equipment
£

Plant and machinery
£

Office equipment
£

Total
£

Cost or valuation

At 1 April 2024

100,217

6,872

7,685

114,774

At 31 March 2025

100,217

6,872

7,685

114,774

Depreciation

At 1 April 2024

57,498

4,586

5,016

67,100

Charge for the year

17,317

457

533

18,307

At 31 March 2025

74,815

5,043

5,549

85,407

Carrying amount

At 31 March 2025

25,402

1,829

2,136

29,367

At 31 March 2024

42,719

2,286

2,669

47,674

5

Debtors

Current

2025
£

2024
£

Trade debtors

92,999

68,486

Prepayments

16,582

3,965

Other debtors

21,801

24,372

 

131,382

96,823

6

Creditors

Creditors: amounts falling due within one year

 

Complete Cricket (International) Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

Note

2025
£

2024
£

Due within one year

 

Loans and borrowings

8

5,000

5,000

Trade creditors

 

16,108

22,074

Taxation and social security

 

14,678

15,983

Accruals and deferred income

 

8,029

5,412

Other creditors

 

29,718

18,603

 

73,533

67,072

Creditors: amounts falling due after more than one year

Note

2025
£

2024
£

Due after one year

 

Loans and borrowings

8

25,281

33,172

7

Share capital

Allotted, called up and fully paid shares

2025

2024

No.

£

No.

£

Ordinary share capital of £1 each

118

118

118

118

       

Allotted, called up and not fully paid shares

2025

2024

No.

£

No.

£

Ordinary share capital of £1 each

90

90

90

90

       
 

Complete Cricket (International) Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

8

Loans and borrowings

Non-current loans and borrowings

2025
£

2024
£

Bank borrowings

25,281

33,172

Current loans and borrowings

2025
£

2024
£

Bank borrowings

5,000

5,000