IRIS Accounts Production v25.3.0.601 SC470916 director 1.3.24 28.2.25 28.2.25 false true false false true false iso4217:GBP iso4217:USD iso4217:EUR xbrli:shares xbrli:pure utr:tonnes utr:kWh SC470916 2024-02-29 SC470916 2025-02-28 SC470916 2024-03-01 2025-02-28 SC470916 2023-08-31 SC470916 2023-09-01 2024-02-29 SC470916 2024-02-29 SC470916 ns15:Scotland 2024-03-01 2025-02-28 SC470916 ns14:PoundSterling 2024-03-01 2025-02-28 SC470916 ns10:Director1 2024-03-01 2025-02-28 SC470916 ns10:PrivateLimitedCompanyLtd 2024-03-01 2025-02-28 SC470916 ns10:SmallEntities 2024-03-01 2025-02-28 SC470916 ns10:AuditExempt-NoAccountantsReport 2024-03-01 2025-02-28 SC470916 ns10:SmallCompaniesRegimeForDirectorsReport 2024-03-01 2025-02-28 SC470916 ns10:SmallCompaniesRegimeForAccounts 2024-03-01 2025-02-28 SC470916 ns10:FullAccounts 2024-03-01 2025-02-28 SC470916 ns10:RegisteredOffice 2024-03-01 2025-02-28 SC470916 ns5:CurrentFinancialInstruments 2025-02-28 SC470916 ns5:CurrentFinancialInstruments 2024-02-29 SC470916 ns5:Non-currentFinancialInstruments 2025-02-28 SC470916 ns5:Non-currentFinancialInstruments 2024-02-29 SC470916 ns5:ShareCapital 2025-02-28 SC470916 ns5:ShareCapital 2024-02-29 SC470916 ns5:RetainedEarningsAccumulatedLosses 2025-02-28 SC470916 ns5:RetainedEarningsAccumulatedLosses 2024-02-29 SC470916 ns5:PlantMachinery 2024-03-01 2025-02-28 SC470916 ns5:PlantMachinery 2024-02-29 SC470916 ns5:PlantMachinery 2025-02-28 SC470916 ns5:PlantMachinery 2024-02-29

REGISTERED NUMBER: SC470916 (Scotland)

| UNAUDITED FINANCIAL STATEMENTS |

| FOR THE YEAR ENDED 28 FEBRUARY 2025 |

| FOR |

| SPARTA BOXING ACADEMY LIMITED |

SPARTA BOXING ACADEMY LIMITED (REGISTERED NUMBER: SC470916) |

CONTENTS OF THE FINANCIAL STATEMENTS

for the year ended 28 FEBRUARY 2025

Page |

| Company Information | 1 |

| Statement of Financial Position | 2 |

| Notes to the Financial Statements | 4 |

| SPARTA BOXING ACADEMY LIMITED |

COMPANY INFORMATION

for the year ended 28 FEBRUARY 2025

| DIRECTOR: | S J Mcleod

| REGISTERED OFFICE: | Unit 3 Castlelaurie Industrial Estate

| Castlelaurie Street

| Falkirk

| FK2 7XY

| REGISTERED NUMBER: | SC470916 (Scotland)

| ACCOUNTANTS: | Thomas Barrie & Co LLP

| Atlantic House

| 1a Cadogan Street

| Glasgow

| G2 6QE

SPARTA BOXING ACADEMY LIMITED (REGISTERED NUMBER: SC470916) |

STATEMENT OF FINANCIAL POSITION

28 FEBRUARY 2025

| 2025 |  | 2024

| Notes | £ | £ |

FIXED ASSETS

Tangible assets | 4 | 27,937 |  | 37,249 |  |

CREDITORS

Amounts falling due within one year | 5 | (17,506 | ) | (15,457 | ) |

NET CURRENT LIABILITIES | (17,506 | ) | (15,457 | ) |

TOTAL ASSETS LESS CURRENT LIABILITIES | 10,431 |  | 21,792 |  |

CREDITORS

Amounts falling due after more than one year | 6 | (1,580 | ) | (3,440 | ) |

PROVISIONS FOR LIABILITIES | (5,308 | ) | (7,077 | ) |

NET ASSETS | 3,543 |  | 11,275 |  |

CAPITAL AND RESERVES

Called up share capital | 100 |  | 100 |  |

Retained earnings | 3,443 |  | 11,175 |  |

SHAREHOLDERS' FUNDS | 3,543 |  | 11,275 |  |

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

SPARTA BOXING ACADEMY LIMITED (REGISTERED NUMBER: SC470916) |

STATEMENT OF FINANCIAL POSITION - continued

28 FEBRUARY 2025

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 director and authorised for issue on 22 October 2025 and were signed by:

S J Mcleod - Director

SPARTA BOXING ACADEMY LIMITED (REGISTERED NUMBER: SC470916) |

NOTES TO THE FINANCIAL STATEMENTS

for the year ended 28 FEBRUARY 2025

1. | STATUTORY INFORMATION

| Sparta Boxing Academy Limited is a private company, limited by shares, registered in Scotland, registration number SC470916. The registered office is Unit 3 Castlelaurie Industrial Estate, Castlelaurie Street, Falkirk, Scotland, FK2 7XY.

| The principal activity of the company is the operation of Sports Facilities.

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.

| The presentational and functional currency of the financial statements is Pounds Sterling (£).

| Significant judgements and estimates

| In preparing these financial statements, the director is required to make judgements, estimates and assumptions that affect the application of the Company's accounting policies and the reported amounts of assets, liabilities, income and expenses. Actual results may differ from these estimates. Estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to estimates are recognised prospectively.

| There are no significant judgements or estimates used in the preparation of these accounts.

| Turnover

| Turnover is measured at the fair value of consideration received or receivable, taking into account the amount of any discounts and rebates allowed by the entity, but excluding any sales taxes.

| Sale of goods

| Revenue is recognised when the significant risks and rewards of ownership have been transferred to the customer, recovery of the consideration is probable, the associated costs and possible return of goods can be estimated reliably, there is no continuing management involvement with the goods, and the amount of revenue can be measured reliably.

| Services

| Income from services is recognised when performed, such that risks and rewards have been transferred.

| Tangible fixed assets

| Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.

| Plant and machinery etc | - | 25% on reducing balance

| The carrying values of tangible fixed assets are reviewed annually for impairment if events or changes in circumstances indicate the carrying values may not be recoverable.

SPARTA BOXING ACADEMY LIMITED (REGISTERED NUMBER: SC470916) |

NOTES TO THE FINANCIAL STATEMENTS - continued

for the year ended 28 FEBRUARY 2025

2. | ACCOUNTING POLICIES - continued

| Financial instruments

| The company has financial assets and financial liabilities of a kind that qualify as basic financial instruments.

| Debtors

| Short term debtors are measured at transaction price, less any impairment.

| Cash and cash equivalents

| Cash and cash equivalents comprise cash balances, including bank overdrafts that are payable on demand and form an integral part of the company's cash management.

| Creditors

| Short term trade creditors are measured at the transaction price. Other financial liabilities, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

| Provisions

| Provisions are determined by discounting the expected future cash flows at a pre-tax rate that reflects current market assessments of the time value of money and the risks specific to the liability. The unwinding of the discount is recognised as finance 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 statement of financial position date.

| Deferred tax

| Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

3. | EMPLOYEES AND DIRECTORS

| The average number of employees during the year was 1 (2024 - 1 ) .

SPARTA BOXING ACADEMY LIMITED (REGISTERED NUMBER: SC470916) |

NOTES TO THE FINANCIAL STATEMENTS - continued

for the year ended 28 FEBRUARY 2025

4. | TANGIBLE FIXED ASSETS

| Plant and

| machinery

| etc

£ |

| COST

| At 1 March 2024

| and 28 February 2025 | 53,764 |  |

| DEPRECIATION

| At 1 March 2024 | 16,515 |  |

| Charge for year | 9,312 |  |

| At 28 February 2025 | 25,827 |  |

| NET BOOK VALUE

| At 28 February 2025 | 27,937 |  |

| At 29 February 2024 | 37,249 |  |

5. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

2025 | 2024 |

£ | £ |

| Bank loans and overdrafts | 5,912 |  | 2,599 |  |

| Trade creditors | 226 |  | 226 |  |

| Taxation and social security | 3,950 |  | 8,535 |  |

| Other creditors | 7,418 |  | 4,097 |  |

17,506 |  | 15,457 |  |

6. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |

2025 | 2024 |

£ | £ |

| Bank loans | 1,580 |  | 3,440 |  |

7. | RELATED PARTY DISCLOSURES

| During the year, total dividends of £5,000 (2024 - £20,000) were paid to the director .