Company Registration No. 13884057 (England and Wales)
Project: Athletic Ltd
Unaudited accounts
for the year ended 28 February 2025
Project: Athletic Ltd
Unaudited accounts
Contents
Project: Athletic Ltd
Company Information
for the year ended 28 February 2025
Directors
C Bundell
M J Hiscock
Company Number
13884057 (England and Wales)
Registered Office
152 West Street
Fareham
Hampshire
PO16 0EH
England
Accountants
Taxsense
203 West Street
Fareham
Hants
PO16 0EN
Project: Athletic Ltd
Statement of financial position
as at 28 February 2025
Tangible assets
27,666
30,440
Cash at bank and in hand
2,113
3,252
Creditors: amounts falling due within one year
(13,308)
(10,523)
Net current (liabilities)/assets
(1,948)
1,976
Total assets less current liabilities
25,718
32,416
Creditors: amounts falling due after more than one year
(39,731)
(48,809)
Net liabilities
(14,013)
(16,393)
Called up share capital
2
2
Profit and loss account
(14,015)
(16,395)
Shareholders' funds
(14,013)
(16,393)
For the year ending 28 February 2025 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 directors acknowledge their 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 of Directors and authorised for issue on 30 May 2025 and were signed on its behalf by
C Bundell
Director
Company Registration No. 13884057
Project: Athletic Ltd
Notes to the Accounts
for the year ended 28 February 2025
Project: Athletic Ltd is a private company, limited by shares, registered in England and Wales, registration number 13884057. The registered office is 152 West Street, Fareham, Hampshire, PO16 0EH, 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:
Land & buildings
10% straight line
Plant & machinery
25% reducing balance
Computer equipment
25% reducing balance
4
Tangible fixed assets
Land & buildings
Plant & machinery
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At 1 March 2024
9,207
28,598
3,657
41,462
Additions
221
4,304
-
4,525
At 28 February 2025
9,428
32,902
3,657
45,987
At 1 March 2024
1,829
7,897
1,296
11,022
Charge for the year
943
5,766
590
7,299
At 28 February 2025
2,772
13,663
1,886
18,321
At 28 February 2025
6,656
19,239
1,771
27,666
At 29 February 2024
7,378
20,701
2,361
30,440
Project: Athletic Ltd
Notes to the Accounts
for the year ended 28 February 2025
Amounts falling due within one year
Accrued income and prepayments
1,368
1,368
6
Creditors: amounts falling due within one year
2025
2024
Taxes and social security
124
523
Loans from directors
10,000
10,000
7
Creditors: amounts falling due after more than one year
2025
2024
Loans from directors
39,731
48,107
Allotted, called up and fully paid:
2 Ordinary shares of £1 each
2
2
Brought
Forward
Advance/
credit
Repaid
Carried
Forward
Director loan Account
(45,250)
(927)
(6,903)
(39,274)
Director loan Account
(12,857)
(1,044)
(3,444)
(10,457)
(58,107)
(1,971)
(10,347)
(49,731)
10
Average number of employees
During the year the average number of employees was 2 (2024: 2).