Sabretooth Sports Agency Ltd Filleted accounts for Companies House (small and micro)

SABRETOOTH SPORTS AGENCY LTD - Company Information

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COMPANY REGISTRATION NUMBER: SC477206

Sabretooth Sports Agency Ltd

Filleted Unaudited Financial Statements

31 May 2021

Sabretooth Sports Agency Ltd

Statement of Financial Position

31 May 2021

	2021		2020
Note	£	£	£

Current assets

Debtors	4	342		344

Creditors: amounts falling due within one year	5	2,781		1,798
		-------		-------
Net current liabilities			2,439	1,454
			-------	-------
Total assets less current liabilities			( 2,439)	( 1,454)
			-------	-------
Net liabilities			( 2,439)	( 1,454)
			-------	-------

Capital and reserves

Called up share capital	1,000	1,000
Profit and loss account	( 3,439)	( 2,454)
	-------	-------
Shareholders deficit	( 2,439)	( 1,454)
	-------	-------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.

For the year ending 31 May 2021 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 financial statements for the year in question in accordance with section 476 ;

- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

These financial statements were approved by the board of directors and authorised for issue on 10 March 2022 , and are signed on behalf of the board by:

Mr S Fox
Director

Company registration number: SC477206

Sabretooth Sports Agency Ltd

Notes to the Financial Statements

Year ended 31 May 2021

1. General information

The company is a private company limited by shares, registered in Scotland. The address of the registered office is 93 Mount Annan Drive, Glasgow, G44 4RX.

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. There were no significant departures from that standard.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Going concern

The accounts have been prepared on a going concern basis as the director has undertaken to continue supporting the company through their director's loan account.

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable and represents commissions received for the representation of footballers.

4. Debtors

	2021	2020
	£	£
Other debtors	342	344
	----	----

5. Creditors: amounts falling due within one year

	2021	2020
	£	£
Trade creditors	43	–
Other creditors	2,738	1,798
	-------	-------
	2,781	1,798
	-------	-------

6. Director's advances, credits and guarantees

During the year the director entered into the following advances and credits with the company:

	2021
	Balance brought forward	Advances/ (credits) to the director	Balance outstanding
	£	£	£
Mr S Fox	( 1,455)	( 983)	( 2,438)
	-------	----	-------

	2020
	Balance brought forward	Advances/ (credits) to the director	Balance outstanding
	£	£	£
Mr S Fox	( 1,920)	465	( 1,455)
	-------	----	-------