Meiji Kickboxing Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 12340100 (England and Wales)

Unaudited Financial Statements

for the Period 29 November 2019 to 31 December 2020

for

Meiji Kickboxing Limited

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTORS:

S M Ispani

Miss D E Bailey

R Korczak

REGISTERED OFFICE:

Grove House

1 Grove Place

Bedford

Bedfordshire

MK40 3JJ

REGISTERED NUMBER:

12340100 (England and Wales)

ACCOUNTANTS:

Thompsons Accountancy Services Limited

Chartered Accountants

Grove House

1 Grove Place

Bedford

Bedfordshire

MK40 3JJ

FIXED ASSETS

Intangible assets

5

2,127

Tangible assets

6

85,475

87,602

CURRENT ASSETS

Stocks

7

1,422

Debtors

8

27,000

Cash at bank

26,086

54,508

CREDITORS

Amounts falling due within one year

9

77,305

NET CURRENT LIABILITIES

(22,797

)

TOTAL ASSETS LESS CURRENT LIABILITIES

64,805

PROVISIONS FOR LIABILITIES

7,575

NET ASSETS

57,230

CAPITAL AND RESERVES

Called up share capital

10

1,000

Share premium

149,700

Retained earnings

(93,470

)

SHAREHOLDERS' FUNDS

57,230

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 December 2020.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 December 2020 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 16 March 2021 and were signed on its behalf by:

S M Ispani - Director

1.	STATUTORY INFORMATION

Meiji Kickboxing 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.

The presentation currency of the financial statements is the Pound Sterling (£).

2.	STATEMENT OF COMPLIANCE

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.

3.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements have been prepared under the historical cost convention.

Turnover

Turnover represents membership fees received, together with income from sales of clothing and equipment, excluding value added tax.

Intangible assets

Intangible fixed assets represents the cost incurred in applying for and setting up the Trademark for the Company.

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.

Investments to property - 10% on cost

Plant and machinery - 20% on cost

Fixtures and fittings - 20% on cost

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation

Taxation for the period comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 period 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.

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.

4.	EMPLOYEES AND DIRECTORS

The average number of employees during the period was 4 .

5.	INTANGIBLE FIXED ASSETS

Patents

and

licences

£

COST

Additions

2,127

At 31 December 2020

2,127

NET BOOK VALUE

At 31 December 2020

2,127

6.	TANGIBLE FIXED ASSETS

Improvements

Fixtures

to

Plant and

and

property

machinery

fittings

Totals

£

£

£

£

COST

Additions

46,200

41,481

4,724

92,405

At 31 December 2020

46,200

41,481

4,724

92,405

DEPRECIATION

Charge for period

2,310

4,148

472

6,930

At 31 December 2020

2,310

4,148

472

6,930

NET BOOK VALUE

At 31 December 2020

43,890

37,333

4,252

85,475

7.

STOCKS

£

Stocks

1,422

8.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

£

Other debtors

9,000

Rent deposit

18,000

27,000

9.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

£

Trade creditors

15,382

Social security and other taxes

2,596

Wages control account

1,498

Pension control account

379

Bounce back loan

50,000

Accrued expenses

7,450

77,305

10.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

value:

£

300

Ordinary A

£1

300

350

Ordinary B

£1

350

350

Ordinary C

£1

350

1,000