Registration number: 07339057

FTI Sports Tours Ltd

Contents

Balance Sheet	1
Notes to the Unaudited Financial Statements	2 to 4

FTI Sports Tours Ltd

(Registration number: 07339057)
Balance Sheet as at 31 August 2025

	Note	2025 £		2024 £
Fixed assets
Tangible assets	4		46,760		1,512
Current assets
Debtors	5	97,574		44,748
Cash at bank and in hand		254,510		230,432
		352,084		275,180
Creditors: Amounts falling due within one year	6	(198,405)		(166,482)
Net current assets			153,679		108,698
Total assets less current liabilities			200,439		110,210
Provisions for liabilities			(11,690)		-
Net assets			188,749		110,210
Capital and reserves
Called up share capital		100		100
Profit and loss account		188,649		110,110
Total equity			188,749		110,210

For the financial year ending 31 August 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

•	The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
•	The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 22 May 2026
 

......................................... Mr J. P. Knowles Company secretary and director

FTI Sports Tours Ltd

Notes to the Unaudited Financial Statements For The Year Ended 31 August 2025

1	General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
28 Hawthorne Avenue
Kippax
Leeds
LS25 7FQ

These financial statements were authorised for issue by the director on 22 May 2026.

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006.

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

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.

The company recognises revenue when the amount of revenue can be reliably measured and it is probable that future economic benefits will flow to the entity.

Tax

The tax expense for the period comprises current and 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.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable 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 is 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 are expected to apply to the reversal of the timing difference.

FTI Sports Tours Ltd

Notes to the Unaudited Financial Statements For The Year Ended 31 August 2025

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
Plant and equipment	15% Reducing balance
Computer equipment	33% Reducing balance
Motor vehicles	25% Reducing balance

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 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 the 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.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3	Staff numbers

The average number of persons employed by the company (including the director) during the year, was 2 (2024 - 1).

FTI Sports Tours Ltd

Notes to the Unaudited Financial Statements For The Year Ended 31 August 2025

4	Tangible assets

	Computer equipment £	Motor vehicles  £	Other tangible assets £	Total £
Cost or valuation
At 1 September 2024	2,534	-	5,868	8,402
Additions	-	53,500	-	53,500
At 31 August 2025	2,534	53,500	5,868	61,902
Depreciation
At 1 September 2024	2,414	-	4,476	6,890
Charge for the year	18	8,025	209	8,252
At 31 August 2025	2,432	8,025	4,685	15,142
Carrying amount
At 31 August 2025	102	45,475	1,183	46,760
At 31 August 2024	120	-	1,392	1,512

5

Debtors

Debtors: amounts falling due within one year	2025 £	2024 £
Trade debtors	2,063	500
Prepayments	35,893	12,128
Other debtors	59,618	32,120
	97,574	44,748

6

Creditors

Creditors: amounts falling due within one year

	2025 £	2024 £
Loans and borrowings	-	8,099
Trade creditors	10,282	8,662
Taxation and social security	25,631	14,751
Other creditors	162,492	134,970
	198,405	166,482