K-STAR THAI BOXING (SHELDON) LTD,Ltd - AccountsLtd - Accounts

K-STAR THAI BOXING (SHELDON) LTD,Ltd - AccountsLtd - Accounts

K-STAR THAI BOXING (SHELDON) LTD - Company Information

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2020-06-01 07634313 2021-05-31 07634313 2020-06-01 2021-05-31 07634313 2020-05-31 07634313 2019-06-01 2020-05-31 07634313 uk-core:WithinOneYear 2020-05-31 07634313 uk-core:WithinOneYear 2021-05-31 07634313 uk-core:ShareCapital 2021-05-31 07634313 uk-core:ShareCapital 2020-05-31 07634313 uk-core:RetainedEarningsAccumulatedLosses 2021-05-31 07634313 uk-core:RetainedEarningsAccumulatedLosses 2020-05-31 07634313 uk-bus:Director1 2020-06-01 2021-05-31 07634313 uk-core:FurnitureFittingsToolsEquipment 2020-06-01 2021-05-31 iso4217:GBP xbrli:pure 07634313 uk-bus:AuditExemptWithAccountantsReport 2020-06-01 2021-05-31 07634313 uk-bus:FRS102 2020-06-01 2021-05-31 07634313 uk-bus:FullAccounts 2020-06-01 2021-05-31 07634313 uk-bus:PrivateLimitedCompanyLtd 2020-06-01 2021-05-31
K-STAR THAI BOXING (SHELDON) LTD
Registered Number:07634313
For the year ended 31 May 2021
England and Wales
Unaudited Financial Statements
2
For the year ended 31 May 2021
K-STAR THAI BOXING (SHELDON) LTD
Contents Page
1
Statement of Financial Position
2 to 3
Notes to the Financial Statements
3
Registered Number :
07634313
As at 31 May 2021
K-STAR THAI BOXING (SHELDON) LTD
Statement of Financial Position
£
£
2020
2021
Notes
Fixed assets
Property, plant and equipment
1,135
1,335
2
1,135
1,335
Current assets
Trade and other receivables
1,267
2,470
3
25,359
Cash and cash equivalents
15,504
17,974
26,626
Trade and other payables: amounts falling due within one
year
(25,126)
(18,180)
4
1,500
(206)
Net current liabilities
Total assets less current liabilities
929
2,835
(215)
(253)
Provisions for liabilities
714
Net assets
2,582
Capital and reserves
Called up share capital
4
4
Retained earnings
710
2,578
714
2,582
Shareholders' funds
For the year ended 31 May 2021 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 May 2021 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.
Steve Logan Director
These financial statements were approved and authorised for issue by the Board on 17 February 2022 and were signed by:
The notes form part of these financial statements
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4
For the year ended 31 May 2021
K-STAR THAI BOXING (SHELDON) LTD
Notes to the Financial Statements
Statutory Information
K-STAR THAI BOXING (SHELDON) LTD is a private limited company, limited by shares, domiciled in England and
Wales, registration number 07634313.
Principal place of business:
328 Hobs Moat Road
Sheldon
Birmingham
B92 8JT
Registered address:
KLM Associates
Jaguar House
Cecil Street
Birmingham
B19 3ST
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.
Revenue recognition
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Property, plant and equipment
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation . Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
15% Reducing balance
Fixtures and fittings
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.
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5
For the year ended 31 May 2021
K-STAR THAI BOXING (SHELDON) LTD
Notes to the Financial Statements Continued
2. Property, plant and equipment
Fixtures and
fittings
£
Cost or
valuation
At 01 June 2020
3,701
At 31 May 2021
3,701
Provision for depreciation and impairment
At 01 June 2020
2,366
Charge for year
200
At 31 May 2021
2,566
At 31 May 2021
Net book value
1,135
At 31 May 2020
1,335
3. Trade and other receivables
2020
2021
£
£
Prepayments and accrued income
486
486
Amounts owed by directors
1,203
-
Other debtors
781
781
1,267
2,470
4. Trade and other payables: amounts falling due within one year
2020
2021
£
£
Taxation and social security
12,452
17,162
Accruals and deferred income
5,340
5,700
Directors' loan accounts
-
1,728
Other creditors
388
536
18,180
25,126
5. Related party transactions
The ultimate controlling parties during the year were Steve Logan & Adrian Maguire , directors , whom control the
company by virtue of each owning 50% of the share capital.
6. Average number of persons employed
During the year the average number of employees was 2 (2020 : 2)
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