Primal Health Tennis Academy Ltd,Ltd - AccountsLtd - Accounts

Primal Health Tennis Academy Ltd,Ltd - AccountsLtd - Accounts

PRIMAL HEALTH TENNIS ACADEMY LTD - Company Information

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Primal Health Tennis Academy Ltd
Registered Number:09901427
For the year ended 31 December 2020
England and Wales
Unaudited Financial Statements
2
For the year ended 31 December 2020
Primal Health Tennis Academy Ltd
Contents Page
1
Statement of Financial Position
2 to 3
Notes to the Financial Statements
3
Registered Number :
09901427
As at 31 December 2020
Primal Health Tennis Academy Ltd
Statement of Financial Position
£
£
2019
2020
Notes
Fixed assets
Intangible assets
7,500
9,000
2
7,500
9,000
Current assets
Trade and other receivables
31,597
45,409
3
-
Cash and cash equivalents
49,078
94,487
31,597
Trade and other payables: amounts falling due within one year
(25,381)
(36,424)
4
6,216
58,063
Net current assets
Total assets less current liabilities
65,563
15,216
Trade and other payables: amounts falling due after more than one
year
-
(25,000)
5
40,563
Net assets
15,216
Capital and reserves
Called up share capital
100
100
Retained earnings
40,463
15,116
40,563
15,216
Shareholders' funds
For the year ended 31 December 2020 the company was entitled to exemption from audit under Section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2020 in accordance with Section 476 of the Companies Act 2006
The director acknowledges his responsibilities for:a) ensuring that the company keeps proper 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 Section 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.
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
Benjamin Stokes Director
Joshua Stokes Director
These financial statements were approved and authorised for issue by the Board on 10 September 2021 and were signed by:
The notes form part of these financial statements
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4
For the year ended 31 December 2020
Primal Health Tennis Academy Ltd
Notes to the Financial Statements
Statutory Information
Primal Health Tennis Academy Ltd is a private limited company, limited by shares, domiciled in England and Wales, registration
number 09901427.
Registered address:
13 Bush Hill Parade
Village Road
Enfield
EN1 2HB
The presentation currency is £ sterling.
1. Accounting policies
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A of Financial Reporting Standard
102 ''The Financial Reporting Standard applicable in the UK and Republic of Ireland'' and the Companies Act 2006. The financial
statements have been prepared under the historical costs convention as modified by the revaluation of certain assets.
Intangible assets
Intangible fixed assets are valued at the lower of cost or valuation.Amortisation is calculated at a rate to write off the cost or valuation of each asset by equal instalments over its expected useful life.The amortisation rate is as follows: 10% straight line per annum
2. Intangible fixed assets
Goodwill
Cost or valuation
£
At 01 January 2020
15,000
At 31 December 2020
15,000
Amortisation
At 01 January 2020
6,000
1,500
Charge for year
At 31 December 2020
7,500
Net book value
At 31 December 2020
7,500
At 31 December 2019
9,000
3. Trade and other receivables
2019
2020
£
£
Amounts owed by group undertakings and participating interests
45,409
31,597
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5
For the year ended 31 December 2020
Primal Health Tennis Academy Ltd
Notes to the Financial Statements Continued
4. Trade and other payables: amounts falling due within one year
2019
2020
£
£
Bank loans and overdraft
-
13,009
Trade creditors
(1)
1
Taxation and social security
9,698
2,239
Other creditors
26,727
10,132
36,424
25,381
5. Trade and other payables: amounts falling due after more than one year
2019
2020
£
£
Bank loans and overdraft
25,000
-
6. Average number of persons employed
During the year the average number of employees was 5 (2019 : 5)
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