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
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
Badu Sports (broaden. Advance. Develop. Understand) Ltd
Statement of financial position
as at 30 September 2024
Tangible assets
48,127
2,714
Cash at bank and in hand
167
44,644
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)
-
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
Badu Sports (broaden. Advance. Develop. Understand) Ltd
Notes to the Accounts
for the year ended 30 September 2024
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.
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.
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 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.
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.
Badu Sports (broaden. Advance. Develop. Understand) Ltd
Notes to the Accounts
for the year ended 30 September 2024
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.
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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
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
At 30 September 2024
-
48,127
-
48,127
At 30 September 2023
112
-
2,602
2,714
Amounts falling due within one year
Trade debtors
52,730
46,734
Accrued income and prepayments
882
-
Other debtors
86,883
61,799
6
Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
26,437
(36)
Taxes and social security
52,869
10,472
Other creditors
38,811
38,493
Loans from directors
(76,932)
-
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
-
Badu Sports (broaden. Advance. Develop. Understand) Ltd
Notes to the Accounts
for the year ended 30 September 2024
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100
100
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.
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Average number of employees
During the year the average number of employees was 27 (2023: 32).