First Serve Tennis Courts Ltd 31/01/2022 iXBRL

First Serve Tennis Courts Ltd 31/01/2022 iXBRL

FIRST SERVE TENNIS COURTS LIMITED - Company Information

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Company registration number: 05695060
First Serve Tennis Courts Ltd
Unaudited filleted abridged financial statements
31 January 2022
First Serve Tennis Courts Ltd
Contents
Directors and other information
Directors report
Abridged statement of financial position
Statement of changes in equity
Notes to the financial statements
First Serve Tennis Courts Ltd
Directors and other information
Directors Mr A S Bryant
Mr R Bennett
Mrs L Bryant
Mrs S D Bennett
Secretary Mrs L Bryant
Company number 05695060
Registered office The Old Chapel
Bishopstone
Salisbury
SP5 4BT
First Serve Tennis Courts Ltd
Directors report
Year ended 31 January 2022
The directors present their report and the unaudited financial statements of the company for the year ended 31 January 2022.
Directors
The directors who served the company during the year were as follows:
Mr A S Bryant
Mr R Bennett
Mrs L Bryant
Mrs S D Bennett
Small company provisions
This report has been prepared in accordance with the provisions applicable to companies entitled to the small companies exemption.
This report was approved by the board of directors on 09 March 2022 and signed on behalf of the board by:
Mr A S Bryant
Director
First Serve Tennis Courts Ltd
Accountants' report on the unaudited financial statements to the directors of
First Serve Tennis Courts Ltd
As described on the balance sheet you are responsible for the preparation of the financial statements for the year ended 31 January 2022 set out on pages to 9 and you consider that the company is exempt from an audit. In accordance with your instructions we have compiled these unaudited financial statements, in order to assist you to fulfil your statutory responsibilities, from the accounting records and information supplied to us.
Our report is prepared solely for the use of First Serve Tennis Courts Ltd and solely for the purpose of meeting their statutory accounts filing obligations and calculation of their tax liability.
Atkinsons (Bishopstone) Ltd
Chartered Accountants
The Old Chapel
Bishopstone
Salisbury
SP5 4BT
Date:
First Serve Tennis Courts Ltd
Abridged statement of financial position
31 January 2022
2022 2021
Note £ £ £ £
Fixed assets
Tangible assets 5 24,412 43,706
_______ _______
24,412 43,706
Current assets
Stocks 11,331 26,249
Debtors 69,057 15,590
Cash at bank and in hand 76,581 34,904
_______ _______
156,969 76,743
Creditors: amounts falling due
within one year ( 95,970) ( 40,636)
_______ _______
Net current assets 60,999 36,107
_______ _______
Total assets less current liabilities 85,411 79,813
Creditors: amounts falling due
after more than one year - ( 7,550)
_______ _______
Net assets 85,411 72,263
_______ _______
Capital and reserves
Called up share capital 100 100
Profit and loss account 85,311 72,163
_______ _______
Shareholders funds 85,411 72,263
_______ _______
For the year ending 31 January 2022 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors 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 directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
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 comprehensive income has not been delivered.
All of the members have consented to the preparation of the abridged statement of financial position for the current year ending 31 January 2022 in accordance with Section 444(2A) of the Companies Act 2006.
These financial statements were approved by the board of directors and authorised for issue on 09 March 2022 , and are signed on behalf of the board by:
Mr A S Bryant Mr R Bennett
Director Director
Company registration number: 05695060
First Serve Tennis Courts Ltd
Statement of changes in equity
Year ended 31 January 2022
Called up share capital Profit and loss account Total
£ £ £
At 1 February 2020 100 74,915 75,015
Profit for the year 114,063 114,063
_______ _______ _______
Total comprehensive income for the year - 114,063 114,063
Dividends paid and payable ( 116,815) ( 116,815)
_______ _______ _______
Total investments by and distributions to owners - ( 116,815) ( 116,815)
_______ _______ _______
At 31 January 2021 and 1 February 2021 100 72,163 72,263
Profit for the year 133,148 133,148
_______ _______ _______
Total comprehensive income for the year - 133,148 133,148
Dividends paid and payable ( 120,000) ( 120,000)
_______ _______ _______
Total investments by and distributions to owners - ( 120,000) ( 120,000)
_______ _______ _______
At 31 January 2022 100 85,311 85,411
_______ _______ _______
First Serve Tennis Courts Ltd
Notes to the financial statements
Year ended 31 January 2022
1. General information
The company is a private company limited by shares, registered in England & Wales. The address of the registered office is The Old Chapel, Bishopstone, Salisbury, SP5 4BT.
2. Statement of compliance
These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
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.
Turnover
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax.
Taxation
Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Tangible assets
tangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated depreciation and impairment losses.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Plant and machinery 15 %
Motor vehicles 25 %
If there is an indication that there has been a significant change in depreciation rate, useful life or residual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates.
Impairment
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stocks to their present location and condition.
Financial instruments
A financial asset or a financial liability is recognised only when the company becomes a party to the contractual provisions of the instrument.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 11 (2021: 11 ).
5. Tangible assets
£
Cost
At 1 February 2021 165,814
Additions 14,915
Disposals ( 38,470)
_______
At 31 January 2022 142,259
_______
Depreciation
At 1 February 2021 122,108
Charge for the year 14,357
Disposals ( 18,618)
_______
At 31 January 2022 117,847
_______
Carrying amount
At 31 January 2022 24,412
_______
At 31 January 2021 43,706
_______
6. Directors advances, credits and guarantees
During the year the directors entered into the following advances and credits with the company:
2022
Balance brought forward Advances /(credits) to the directors Balance o/standing
£ £ £
Mr A S Bryant ( 5,450) 21,530 16,080
Mr R Bennett - ( 3,080) ( 3,080)
_______ _______ _______
( 5,450) 18,450 13,000
_______ _______ _______
2021
Balance brought forward Advances /(credits) to the directors Balance o/standing
£ £ £
Mr A S Bryant 270 ( 5,720) ( 5,450)
Mr R Bennett 220 ( 220) -
_______ _______ _______
490 ( 5,940) ( 5,450)
_______ _______ _______
7. Controlling party
The company is controlled by its directors.