REGISTERED NUMBER: 09523309 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31st December 2024

for

ProSport Academy Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

Mr D O'Sullivan

Mrs G M O'Sullivan

REGISTERED OFFICE:

Black Bull House

353-355 Station Road

Bamber Bridge

Preston

Lancashire

PR5 6EE

REGISTERED NUMBER:

09523309 (England and Wales)

ACCOUNTANTS:

Robin Oatridge & Co Limited

Chartered Certified Accountants

Black Bull House

353-355 Station Road

Bamber Bridge

Preston

Lancashire

PR5 6EE

FIXED ASSETS

Tangible assets

4

4,849

4,544

CURRENT ASSETS

Debtors

5

57,245

92,623

Cash at bank

118,251

173,921

175,496

266,544

CREDITORS

Amounts falling due within one year

6

14,781

35,896

NET CURRENT ASSETS

160,715

230,648

TOTAL ASSETS LESS CURRENT LIABILITIES

165,564

235,192

PROVISIONS FOR LIABILITIES

921

1,045

NET ASSETS

164,643

234,147

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

164,543

234,047

SHAREHOLDERS' FUNDS

164,643

234,147

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st December 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 17th September 2025 and were signed on its behalf by:

Mr D O'Sullivan - Director

1.	STATUTORY INFORMATION

ProSport Academy Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover represents net invoiced services provided, excluding value added tax.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Short leasehold

-

Straight line over 5 years

Plant and machinery

-

25% on cost

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2023 - 8 ) .

4.	TANGIBLE FIXED ASSETS

Short

Plant and

leasehold

machinery

Totals

£

£

£

COST

At 1st January 2024

9,196

49,132

58,328

Additions

-

2,731

2,731

At 31st December 2024

9,196

51,863

61,059

DEPRECIATION

At 1st January 2024

9,196

44,588

53,784

Charge for year

-

2,426

2,426

At 31st December 2024

9,196

47,014

56,210

NET BOOK VALUE

At 31st December 2024

-

4,849

4,849

At 31st December 2023

-

4,544

4,544

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade debtors

8,336

66,548

Other debtors

48,909

26,075

57,245

92,623

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Bank loans and overdrafts

-

11,651

Taxation and social security

11,011

21,660

Other creditors

3,770

2,585

14,781

35,896

7.	RELATED PARTY DISCLOSURES

The company is a 100% owned subsidiary of ProSport Holdings Limited, ProSport Physiotherapy Limited and ProSport Wellness Limited are part of the same group as the company.

As at 31 December 2024 the company was owed £21,223 by ProSport Holdings Limited in the form of a loan, no interest was charged on this loan (2023 - £20,353 and nil).

As at 31 December 2024, the company was owed £20,131 by ProSport Physiotherapy Limited in the form of a loan, no interest was charged on this loan (2023 - £271 was owed by the company and nil).

As at 31 December 2024 the company was owed £4,089 by ProSport Wellness Limited in the form of a loan, no interest was charged on this loan (2023 - £4,089 and nil).

The company has provided a fixed and floating charge as partial security for a bank loan held by ProSport Holdings Limited.

8.	ULTIMATE CONTROLLING PARTY

The company is a 100% owned subsidiary of ProSport Holdings Limited, a company which is controlled by the directors.