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Company Registration No. 12292799 (England and Wales)
Affinity Sports Academy Limited Unaudited accounts for the year ended 31 December 2024
Affinity Sports Academy Limited Unaudited accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
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Affinity Sports Academy Limited Company Information for the year ended 31 December 2024
Director
Leon Haslam
Secretary
Ann Haslam
Company Number
12292799 (England and Wales)
Registered Office
West Meadow Farm 123 Main Road Smalley DE7 6DT United Kingdom
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Affinity Sports Academy Limited Statement of financial position as at 31 December 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
4
242,553 
199,308 
Current assets
Debtors
5
30,256 
30,855 
Cash at bank and in hand
6,599 
14,608 
36,855 
45,463 
Creditors: amounts falling due within one year
6
(356,296)
(239,581)
Net current liabilities
(319,441)
(194,118)
Total assets less current liabilities
(76,888)
5,190 
Creditors: amounts falling due after more than one year
7
(66,775)
(83,980)
Net liabilities
(143,663)
(78,790)
Capital and reserves
Called up share capital
8
100 
100 
Capital contribution reserve
15,927 
23,178 
Profit and loss account
(159,690)
(102,068)
Shareholders' funds
(143,663)
(78,790)
For the year ending 31 December 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 17 August 2025 and were signed on its behalf by
Leon Haslam Director Company Registration No. 12292799
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Affinity Sports Academy Limited Notes to the Accounts for the year ended 31 December 2024
1
Statutory information
Affinity Sports Academy Limited is a private company, limited by shares, registered in England and Wales, registration number 12292799. The registered office is West Meadow Farm, 123 Main Road, Smalley, DE7 6DT, United Kingdom.
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.
Going concern
The financial statements have been prepared on a going concern basis.
Revenue Recognition
Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company's activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts and is recognised at the point in time when the sale is provided.
Tax
The tax expense for the period comprises deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income. Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements. Unrelieved tax losses and other deferred tax assets are recognised when it's 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 they are expected to apply to the reversal of the timing differences.
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
10% straight line
Fixtures & fittings
10% straight line
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Affinity Sports Academy Limited Notes to the Accounts for the year ended 31 December 2024
Cash and cash equivalents
Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.
Trade debtors
Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business. Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.
Trade creditors
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities. Trade creditors are recognised initially at the transaction price.
Borrowings
Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing. Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges. Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement to of the liability for at least twelve months after the reporting date.
Share capital
Ordinary shares are classified as equity. Equity instruments are measured at fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis,
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Affinity Sports Academy Limited Notes to the Accounts for the year ended 31 December 2024
4
Tangible fixed assets
Plant & machinery 
Motor vehicles 
Fixtures & fittings 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 January 2024
24,962 
257,150 
1,405 
283,517 
Additions
6,024 
77,944 
- 
83,968 
Disposals
- 
(9,100)
- 
(9,100)
At 31 December 2024
30,986 
325,994 
1,405 
358,385 
Depreciation
At 1 January 2024
15,025 
68,737 
447 
84,209 
Charge for the year
5,444 
29,679 
140 
35,263 
On disposals
- 
(3,640)
- 
(3,640)
At 31 December 2024
20,469 
94,776 
587 
115,832 
Net book value
At 31 December 2024
10,517 
231,218 
818 
242,553 
At 31 December 2023
9,937 
188,413 
958 
199,308 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
8,486 
14,530 
Accrued income and prepayments
9,472 
6,561 
Other debtors
12,298 
9,764 
30,256 
30,855 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
36,338 
6,754 
VAT
4,938 
6,232 
Trade creditors
165,951 
45,146 
Taxes and social security
1,576 
1,511 
Other creditors
90,312 
88,989 
Loans from directors
6,009 
3,666 
Accruals
51,172 
87,283 
356,296 
239,581 
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
8,888 
15,827 
Other creditors
57,887 
68,153 
66,775 
83,980 
- 7 -
Affinity Sports Academy Limited Notes to the Accounts for the year ended 31 December 2024
8
Share capital
2024 
2023 
£ 
£ 
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100 
100 
9
Transactions with related parties
Included within other creditors are the following balances, in respect of companies which are related by virtue of common ownership and directorship : At the year end an amount of £57,887 (2023 - £68,153) was owed to Leon Haslam Limited. This loan was interest free and is due for repayment after more than 1 year. As such this loan has been discounted to reflect present value. Impairment has been transferred to equity and is to be unwound to the profit and loss account, each year, over the full term of the loan. At the year end £6,000 (2023 - £Nil) was owed by Leon Haslam Properties Limited. At the year end £5,984 (2023 - £Nil) was owed by Rokit Haslam Racing Limited. At the year end, an amount of £50,370 (2023 - £60,467) was owed to Ron Haslam Racing Academy Limited.
10
Average number of employees
During the year the average number of employees was 2 (2023: 2).
- 8 -