Registered number
07281139
Sports Assignments Ltd
Unaudited Filleted Accounts
31 May 2025
Sports Assignments Ltd
Registered number: 07281139
Balance Sheet
as at 31 May 2025
Notes 2025 2024
£ £
Fixed assets
Tangible assets 3 261 521
Current assets
Debtors 4 23,034 19,397
Cash at bank and in hand 112,670 70,422
135,704 89,819
Creditors: amounts falling due within one year 5 (75,814) (51,233)
Net current assets 59,890 38,586
Net assets 60,151 39,107
Capital and reserves
Called up share capital 13 13
Profit and loss account 60,138 39,094
Shareholders' funds 60,151 39,107
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their 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.
Mr R Lloyd
Director
Approved by the board on 19 August 2025
Sports Assignments Ltd
Notes to the Accounts
for the year ended 31 May 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:
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.
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 4
3 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 June 2024 781
At 31 May 2025 781
Depreciation
At 1 June 2024 260
Charge for the year 260
At 31 May 2025 520
Net book value
At 31 May 2025 261
At 31 May 2024 521
4 Debtors 2025 2024
£ £
Trade debtors 22,114 15,214
Other debtors 920 4,183
23,034 19,397
5 Creditors: amounts falling due within one year 2025 2024
£ £
Bank loans and overdrafts 2,286 1,303
Trade creditors 12,128 6,250
Taxation and social security costs 57,980 40,505
Other creditors 3,420 3,175
75,814 51,233
6 Other information
Sports Assignments Ltd is a private company limited by shares and incorporated in England. Its registered office is:
North Mersey Business Centre
Woodward Road
Knowsley Industrial Park
Merseyside
L33 7UY
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