Company registration number 15478595 (England and Wales)
CIRCOLO SPORTS LTD
UNAUDITED FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 28 FEBRUARY 2025
PAGES FOR FILING WITH REGISTRAR
CIRCOLO SPORTS LTD
BALANCE SHEET
AS AT
28 FEBRUARY 2025
28 February 2025
- 1 -
2025
£
£
Called up share capital not paid
100
Current assets
11,540
Creditors: amounts falling due within one year
(550)
Net current assets
10,990
Total assets less current liabilities
11,090
Creditors: amounts falling due after more than one year
(21,059)
Net liabilities
(9,969)
Capital and reserves
(9,969)
Notes to the financial statements
1
Employees

The average number of persons, including directors, employed by the company during the period was as follows:

2025
Number
Employees
1
2
Going concern

Company performance during this first financial period was a loss, as predicted, due to significant investment in product development and testing.

 

The director believes the company continues to make positive progress towards achieving its strategic vision and is in a position to leverage its developed assets, and its current accomplishments to deliver strong financial growth in future trading periods.

 

At the balance sheet date the company is reliant upon the support of the director, the director has indicated that this support will continue for the foreseeable future and as such, the accounts have been prepared on a going concern basis.

Circolo Sports LTD is a private company limited by shares incorporated in England and Wales. The registered office is 39 Whinham Way, Morpeth, NE61 2TF.

For the period ended 28 February 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

CIRCOLO SPORTS LTD
BALANCE SHEET (CONTINUED)
AS AT
28 FEBRUARY 2025
28 February 2025
- 2 -

The members have not required the company to obtain an audit of its financial statements for the period in question in accordance with section 476.

These financial statements have been prepared in accordance with the micro-entity provisions and in accordance with FRS 105 'The Financial Reporting Standard applicable to the Micro-entities Regime', and have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The director of the company has elected not to include a copy of the profit and loss account within the financial statements.true

The financial statements were approved and signed by the director and authorised for issue on 20 July 2025
Mr A L Clements
Director
Company registration number 15478595 (England and Wales)
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