Sportstar Promotions Limited - Filleted accounts

Registered number

03706422

Sportstar Promotions Limited

Filleted Accounts

31 March 2025

Sportstar Promotions Limited
Registered number:		03706422
Balance Sheet
as at 31 March 2025

Notes			2025			2024
£				£
Fixed assets
Tangible assets	3		123,871			165,162

Current assets
Debtors	4	60,588			195,628
Cash at bank and in hand		313,310			225,771
		373,898			421,399

Creditors: amounts falling due within one year	5	(59,643)			(116,602)

Net current assets			314,255			304,797

Net assets			438,126			469,959

Capital and reserves
Called up share capital			150			150
Profit and loss account			437,976			469,809

Shareholders' funds			438,126			469,959

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 members have 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.




Mr N Sang
Director
Approved by the board on 9 December 2025

Sportstar Promotions Limited
Notes to the Accounts
for the year ended 31 March 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:

	Office equipment	25% reducing balane
	Motor vehicles	25% reducing balance

	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. Current tax assets and liabilities are not discounted.

	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.


2	Employees			2025		2024
Number					Number

	Average number of persons employed by the company			2		3


3	Tangible fixed assets
		Plant and machinery etc		Motor vehicles		Total
£			£		£
	Cost
	At 1 April 2024	6,520		167,253		173,773
	At 31 March 2025	6,520		167,253		173,773

	Depreciation
	At 1 April 2024	4,649		3,962		8,611
	Charge for the year	468		40,823		41,291
	At 31 March 2025	5,117		44,785		49,902

	Net book value
	At 31 March 2025	1,403		122,468		123,871
	At 31 March 2024	1,871		163,291		165,162


4	Debtors			2025		2024
£					£

	Trade debtors			60,588		35,628
	Other debtors			-		160,000
				60,588		195,628


5	Creditors: amounts falling due within one year			2025		2024
£					£

	Trade creditors			-		9,000
	Taxation and social security costs			30,088		68,822
	Other creditors			29,555		38,780
				59,643		116,602


6	Other information

	Sportstar Promotions Limited is a private company limited by shares and incorporated in England. Its registered office is:
	Vale House, Edwards Lane
	Speke
	Liverpool
	Merseyside
	L24 9HW