1 October 2023 false No description of principal activity Taxfiler 2024.6 07011298business:PrivateLimitedCompanyLtd2023-10-012024-09-30 070112982023-09-30 070112982023-10-012024-09-30 07011298business:AuditExemptWithAccountantsReport2023-10-012024-09-30 07011298business:FilletedAccounts2023-10-012024-09-30 070112982024-09-30 07011298business:Director12023-10-012024-09-30 07011298business:RegisteredOffice2023-10-012024-09-30 070112982023-09-30 07011298core:WithinOneYear2024-09-30 07011298core:WithinOneYear2023-09-30 07011298core:AfterOneYear2024-09-30 07011298core:AfterOneYear2023-09-30 07011298core:ShareCapitalcore:PreviouslyStatedAmount2024-09-30 07011298core:ShareCapitalcore:PreviouslyStatedAmount2023-09-30 07011298core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2024-09-30 07011298core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-09-30 07011298core:PreviouslyStatedAmount2024-09-30 07011298core:PreviouslyStatedAmount2023-09-30 07011298business:SmallEntities2023-10-012024-09-30 07011298countries:EnglandWales2023-10-012024-09-30 07011298core:PlantMachinery2023-10-012024-09-30 07011298core:MotorVehicles2023-10-012024-09-30 07011298core:FurnitureFittings2023-10-012024-09-30 07011298core:PlantMachinery2023-09-30 07011298core:MotorVehicles2023-09-30 07011298core:FurnitureFittings2023-09-30 07011298core:PlantMachinery2024-09-30 07011298core:MotorVehicles2024-09-30 07011298core:FurnitureFittings2024-09-30 07011298business:OrdinaryShareClass12023-10-012024-09-30 07011298business:OrdinaryShareClass12022-10-012023-09-30 070112982022-10-012023-09-30 iso4217:GBP xbrli:shares xbrli:pure
Company Registration No. 07011298 (England and Wales)
Badu Sports (broaden. Advance. Develop. Understand) Ltd Unaudited accounts for the year ended 30 September 2024
Badu Sports (broaden. Advance. Develop. Understand) Ltd Unaudited accounts Contents
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Badu Sports (broaden. Advance. Develop. Understand) Ltd Company Information for the year ended 30 September 2024
Director
Nana Matthew Badu
Company Number
07011298 (England and Wales)
Registered Office
Plexal Queen Elizabeth Olympic Park 14 East Bay Lane London E20 3BS England
Accountants
Gains Accountants Queen Elizabeth Olympic Park Plexal, 14 East Bay Lane London E20 3BS
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Badu Sports (broaden. Advance. Develop. Understand) Ltd Statement of financial position as at 30 September 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
48,127 
2,714 
Current assets
Debtors
140,495 
108,533 
Cash at bank and in hand
167 
44,644 
140,662 
153,177 
Creditors: amounts falling due within one year
(42,205)
(48,929)
Net current assets
98,457 
104,248 
Total assets less current liabilities
146,584 
106,962 
Creditors: amounts falling due after more than one year
(64,923)
- 
Net assets
81,661 
106,962 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
81,561 
106,862 
Shareholders' funds
81,661 
106,962 
For the year ending 30 September 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 20 June 2025 and were signed on its behalf by
Nana Matthew Badu Director Company Registration No. 07011298
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Badu Sports (broaden. Advance. Develop. Understand) Ltd Notes to the Accounts for the year ended 30 September 2024
1
Statutory information
Badu Sports (broaden. Advance. Develop. Understand) Ltd is a private company, limited by shares, registered in England and Wales, registration number 07011298. The registered office is Plexal Queen Elizabeth Olympic Park, 14 East Bay Lane, London, E20 3BS, 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.
Inventories
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
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:
Plant & machinery
25% - Straight line
Motor vehicles
20% - Straight line
Fixtures & fittings
25% - Straight line
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Leased assets
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term. Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
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Badu Sports (broaden. Advance. Develop. Understand) Ltd Notes to the Accounts for the year ended 30 September 2024
Pension costs
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
4
Tangible fixed assets
Plant & machinery 
Motor vehicles 
Fixtures & fittings 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 October 2023
2,469 
- 
21,928 
24,397 
Additions
- 
78,574 
- 
78,574 
At 30 September 2024
2,469 
78,574 
21,928 
102,971 
Depreciation
At 1 October 2023
2,357 
- 
19,326 
21,683 
Charge for the year
112 
30,447 
2,602 
33,161 
At 30 September 2024
2,469 
30,447 
21,928 
54,844 
Net book value
At 30 September 2024
- 
48,127 
- 
48,127 
At 30 September 2023
112 
- 
2,602 
2,714 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
52,730 
46,734 
Accrued income and prepayments
882 
- 
Other debtors
86,883 
61,799 
140,495 
108,533 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
26,437 
(36)
Trade creditors
1,020 
- 
Taxes and social security
52,869 
10,472 
Other creditors
38,811 
38,493 
Loans from directors
(76,932)
- 
42,205 
48,929 
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Obligations under finance leases and hire purchase contracts
56,567 
- 
Taxes and social security
8,356 
- 
64,923 
- 
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Badu Sports (broaden. Advance. Develop. Understand) Ltd Notes to the Accounts for the year ended 30 September 2024
8
Share capital
2024 
2023 
£ 
£ 
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100 
100 
9
Loans to directors
At the year end, £76,932 was owed to the company by Nana Siaw-Badu, of which £61,801 was repaid within nine months following the year end.
10
Average number of employees
During the year the average number of employees was 27 (2023: 32).
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