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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
Page
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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
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Project: Athletic Ltd Statement of financial position as at 28 February 2025
2025 
2024 
Notes
£ 
£ 
Fixed assets
Tangible assets
27,666 
30,440 
Current assets
Debtors
9,247 
9,247 
Cash at bank and in hand
2,113 
3,252 
11,360 
12,499 
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)
Capital and reserves
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
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Project: Athletic Ltd Notes to the Accounts for the year ended 28 February 2025
1
Statutory information
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
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 
Depreciation
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 
Net book value
At 28 February 2025
6,656 
19,239 
1,771 
27,666 
At 29 February 2024
7,378 
20,701 
2,361 
30,440 
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Project: Athletic Ltd Notes to the Accounts for the year ended 28 February 2025
5
Debtors
2025 
2024 
£ 
£ 
Amounts falling due within one year
Accrued income and prepayments
1,368 
1,368 
Other debtors
7,879 
7,879 
9,247 
9,247 
6
Creditors: amounts falling due within one year
2025 
2024 
£ 
£ 
Trade creditors
3,184 
- 
Taxes and social security
124 
523 
Loans from directors
10,000 
10,000 
13,308 
10,523 
7
Creditors: amounts falling due after more than one year
2025 
2024 
£ 
£ 
Loans from directors
39,731 
48,107 
Accruals
- 
702 
39,731 
48,809 
8
Share capital
2025 
2024 
£ 
£ 
Allotted, called up and fully paid:
2 Ordinary shares of £1 each
2 
2 
9
Loans to directors
Brought Forward 
Advance/ credit 
Repaid 
Carried Forward 
£ 
£ 
£ 
£ 
C Bundell
Director loan Account
(45,250)
(927)
(6,903)
(39,274)
M J Hiscock
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).
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