Company No:
Contents
| DIRECTOR | Mr A Revell |
| SECRETARY | Mr A Revell |
| REGISTERED OFFICE | Aaasports |
| Shakespeare Street | |
| Sunderland | |
| SR5 2JF | |
| United Kingdom |
| COMPANY NUMBER | 07339702 (England and Wales) |
| ACCOUNTANT | S&W Partners Newcastle Limited |
| 17 Queens Lane | |
| Newcastle | |
| NE1 1RN |
| Note | 2025 | 2024 | ||
| £ | £ | |||
| Fixed assets | ||||
| Tangible assets | 3 |
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| 119,591 | 106,042 | |||
| Current assets | ||||
| Debtors | 4 |
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| Cash at bank and in hand |
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| 246,907 | 199,602 | |||
| Creditors: amounts falling due within one year | 5 | (
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| Net current assets | 119,861 | 110,133 | ||
| Total assets less current liabilities | 239,452 | 216,175 | ||
| Creditors: amounts falling due after more than one year | 6 | (
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| Net assets |
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| Capital and reserves | ||||
| Called-up share capital |
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| Profit and loss account |
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| Total shareholder's funds |
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Director's responsibilities:
The financial statements of Aaasports Limited (registered number:
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Mr A Revell
Director |
The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.
Aaasports Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Aaasports, Shakespeare Street, Sunderland, SR5 2JF, United Kingdom.
The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with ‘The Financial Reporting Standard applicable in the UK and the Republic of Ireland’ issued by the Financial Reporting Council, including Section 1A of Financial Reporting Standard 102 (FRS102), and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.
The functional currency of Aaasports Limited is considered to be pounds sterling because that is the currency of the primary economic environment in which the Company operates.
These financial statements are separate financial statements.
The company recognises revenue when the amount of revenue can be measured reliably, when it is probable that future economic benefits will flow to the company.
Short term benefits
Short term employee benefits, including contributions to defined contribution plans are recognised as an expense in the period in which they are incurred.
Acurrent 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 taxpaid in a previous period.
Deferred tax is recognised 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 and 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.
Current and deferred tax assets and liabilities are not discounted.
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses with the exception of freehold property.
Freehold property is measured at revalued amount, being its fair value at the date of revaluation less any subsequent accumulated depreciation. Revaluations shall be made with sufficient regularity to ensure the carrying amount does not differ materially from that which would be determined using fair value at the end of the reporting period. Any aggregate surplus or deficit arising from changes in fair value is recognised in the profit and loss account along with the associated deferred tax.
The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.
| Land and buildings |
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| Plant and machinery etc. |
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At each reporting date fixed assets are reviewed to determine whether there is any indication that those assets have suffered an impairment loss. If there is an indication of possible impairment, the recoverable amount of any affected asset is estimated and compared with its carrying amount. If estimated recoverable amount is lower, the carrying amount is reduced to its estimated recoverable amount, and an impairment loss is recognised immediately in profit or loss.
If an impairment loss subsequently reverses, the carrying amount of the asset is increased to the revised estimate of its recoverable amount, but not in excess of the amount that would have been determined had no impairment loss been recognised for the asset in prior years. A reversal of an impairment loss is recognised immediately in profit or loss.
The company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other accounts receivable and payable, loans from banks and other third parties, loans to related parties and investments on non-puttable ordinary shares.
Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in profit or loss.
During the year the company received grant income of £500 (2024: £1,069.60) from City of Sunderland College. The grant was recognised within other income.
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| Number | Number | ||
| Monthly average number of persons employed by the Company during the year, including the director |
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| Land and buildings | Plant and machinery etc. | Total | |||
| £ | £ | £ | |||
| Cost | |||||
| At 01 September 2024 |
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| Additions |
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| At 31 August 2025 |
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| Accumulated depreciation | |||||
| At 01 September 2024 |
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| Charge for the financial year |
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| At 31 August 2025 |
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| Net book value | |||||
| At 31 August 2025 | 68,980 | 50,611 | 119,591 | ||
| At 31 August 2024 | 68,980 | 37,062 | 106,042 |
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| £ | £ | ||
| Trade debtors |
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| Other debtors |
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| £ | £ | ||
| Bank loans and overdrafts |
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| Trade creditors |
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| Taxation and social security |
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| Other creditors |
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| £ | £ | ||
| Bank loans |
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Other financial commitments
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| £ | £ | ||
| Bank loans |
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The bank loans are secured by a fixed and floating charge over the assets of the company, and contains a negative pledge.