Registered number
10247347
International Sporting Solutions Limited
Unaudited Filleted Accounts
30 June 2025
International Sporting Solutions Limited
Registered number: 10247347
Balance Sheet
as at 30 June 2025
Notes 2025 2024
£ £
Fixed assets
Tangible assets 3 2,624 2,428
Current assets
Debtors 4 26,701 19,360
Cash at bank and in hand 80,639 25,011
107,340 44,371
Creditors: amounts falling due within one year 5 (37,052) (13,752)
Net current assets 70,288 30,619
Total assets less current liabilities 72,912 33,047
Provisions for liabilities (656) (607)
Net assets 72,256 32,440
Capital and reserves
Called up share capital 1 1
Profit and loss account 72,255 32,439
Shareholder's funds 72,256 32,440
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
H M Newton
Director
Approved by the board on 31 July 2025
International Sporting Solutions Limited
Notes to the Accounts
for the year ended 30 June 2025
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Fixtures, fittings, tools and equipment over 3 years
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
Leased assets
A lease is classified as a finance lease if it transfers substantially all the risks and rewards incidental to ownership. All other leases are classified as operating leases. The rights of use and obligations under finance leases are initially recognised as assets and liabilities at amounts equal to the fair value of the leased assets or, if lower, the present value of the minimum lease payments. Minimum lease payments are apportioned between the finance charge and the reduction in the outstanding liability using the effective interest rate method. The finance charge is allocated to each period during the lease so as to produce a constant periodic rate of interest on the remaining balance of the liability. Leased assets are depreciated in accordance with the company's policy for tangible fixed assets. If there is no reasonable certainty that ownership will be obtained at the end of the lease term, the asset is depreciated over the lower of the lease term and its useful life. Operating lease payments are recognised as an expense on a straight line basis over the lease term.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2025 2024
Number Number
Average number of persons employed by the company 4 5
3 Tangible fixed assets
Fixtures, fittings, tools and equipment
£
Cost
At 1 July 2024 7,110
Additions 2,322
At 30 June 2025 9,432
Depreciation
At 1 July 2024 4,682
Charge for the year 2,126
At 30 June 2025 6,808
Net book value
At 30 June 2025 2,624
At 30 June 2024 2,428
4 Debtors 2025 2024
£ £
Trade debtors 18,540 2,025
Other debtors 8,161 17,335
26,701 19,360
5 Creditors: amounts falling due within one year 2025 2024
£ £
Trade creditors 548 516
Taxation and social security costs 30,470 9,055
Other creditors 6,034 4,181
37,052 13,752
6 Related party transactions
The company received services from The Student Sport Company App Limited, a company in which the director also serves as a director, to the value of £10,000 (2024 - £nil).The company provided short-term funding to The Student Sport Company App Limited and included in other debtors is an amount of £nil (2024 - £10,000) due from The Student Sport Company App Limited.
7 Controlling party
The director is the controlling party by virtue of his majority shareholding.
8 Other information
International Sporting Solutions Limited is a private company limited by shares and incorporated in England. Its registered office is:
3 Totman Crescent
Rayleigh
Essex
SS6 7UY
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