Sidekick Management Limited

SIDEKICK MANAGEMENT LIMITED - Company Information

2021-10-012022-09-302022-09-30false05257117Sidekick Management Limited2023-04-14iso4217:GBPxbrli:pure052571172021-10-01052571172022-09-30052571172021-10-012022-09-30052571172020-10-01052571172021-09-30052571172020-10-012021-09-3005257117bus:SmallEntities2021-10-012022-09-3005257117bus:AuditExempt-NoAccountantsReport2021-10-012022-09-3005257117bus:FullAccounts2021-10-012022-09-3005257117bus:PrivateLimitedCompanyLtd2021-10-012022-09-3005257117core:WithinOneYear2022-09-3005257117core:AfterOneYear2022-09-3005257117core:WithinOneYear2021-09-3005257117core:AfterOneYear2021-09-3005257117core:ShareCapital2022-09-3005257117core:SharePremium2022-09-3005257117core:RevaluationReserve2022-09-3005257117core:OtherReservesSubtotal2022-09-3005257117core:RetainedEarningsAccumulatedLosses2022-09-3005257117core:ShareCapital2021-09-3005257117core:SharePremium2021-09-3005257117core:RevaluationReserve2021-09-3005257117core:OtherReservesSubtotal2021-09-3005257117core:RetainedEarningsAccumulatedLosses2021-09-3005257117core:LandBuildings2022-09-3005257117core:PlantMachinery2022-09-3005257117core:Vehicles2022-09-3005257117core:FurnitureFittings2022-09-3005257117core:OfficeEquipment2022-09-3005257117core:NetGoodwill2022-09-3005257117core:IntangibleAssetsOtherThanGoodwill2022-09-3005257117core:ListedExchangeTraded2022-09-3005257117core:UnlistedNon-exchangeTraded2022-09-3005257117core:LandBuildings2021-09-3005257117core:PlantMachinery2021-09-3005257117core:Vehicles2021-09-3005257117core:FurnitureFittings2021-09-3005257117core:OfficeEquipment2021-09-3005257117core:NetGoodwill2021-09-3005257117core:IntangibleAssetsOtherThanGoodwill2021-09-3005257117core:ListedExchangeTraded2021-09-3005257117core:UnlistedNon-exchangeTraded2021-09-3005257117core:LandBuildings2021-10-012022-09-3005257117core:PlantMachinery2021-10-012022-09-3005257117core:Vehicles2021-10-012022-09-3005257117core:FurnitureFittings2021-10-012022-09-3005257117core:OfficeEquipment2021-10-012022-09-3005257117core:NetGoodwill2021-10-012022-09-3005257117core:IntangibleAssetsOtherThanGoodwill2021-10-012022-09-3005257117core:ListedExchangeTraded2021-10-012022-09-3005257117core:UnlistedNon-exchangeTraded2021-10-012022-09-3005257117core:MoreThanFiveYears2021-10-012022-09-3005257117core:Non-currentFinancialInstruments2022-09-3005257117core:Non-currentFinancialInstruments2021-09-3005257117dpl:CostSales2021-10-012022-09-3005257117dpl:DistributionCosts2021-10-012022-09-3005257117dpl:AdministrativeExpenses2021-10-012022-09-3005257117core:LandBuildings2021-10-012022-09-3005257117core:PlantMachinery2021-10-012022-09-3005257117core:Vehicles2021-10-012022-09-3005257117core:FurnitureFittings2021-10-012022-09-3005257117core:OfficeEquipment2021-10-012022-09-3005257117core:NetGoodwill2021-10-012022-09-3005257117core:IntangibleAssetsOtherThanGoodwill2021-10-012022-09-3005257117dpl:GroupUndertakings2021-10-012022-09-3005257117dpl:ParticipatingInterests2021-10-012022-09-3005257117dpl:GroupUndertakingscore:ListedExchangeTraded2021-10-012022-09-3005257117core:ListedExchangeTraded2021-10-012022-09-3005257117dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2021-10-012022-09-3005257117core:UnlistedNon-exchangeTraded2021-10-012022-09-3005257117dpl:CostSales2020-10-012021-09-3005257117dpl:DistributionCosts2020-10-012021-09-3005257117dpl:AdministrativeExpenses2020-10-012021-09-3005257117core:LandBuildings2020-10-012021-09-3005257117core:PlantMachinery2020-10-012021-09-3005257117core:Vehicles2020-10-012021-09-3005257117core:FurnitureFittings2020-10-012021-09-3005257117core:OfficeEquipment2020-10-012021-09-3005257117core:NetGoodwill2020-10-012021-09-3005257117core:IntangibleAssetsOtherThanGoodwill2020-10-012021-09-3005257117dpl:GroupUndertakings2020-10-012021-09-3005257117dpl:ParticipatingInterests2020-10-012021-09-3005257117dpl:GroupUndertakingscore:ListedExchangeTraded2020-10-012021-09-3005257117core:ListedExchangeTraded2020-10-012021-09-3005257117dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2020-10-012021-09-3005257117core:UnlistedNon-exchangeTraded2020-10-012021-09-3005257117core:NetGoodwill2022-09-3005257117core:IntangibleAssetsOtherThanGoodwill2022-09-3005257117core:LandBuildings2022-09-3005257117core:PlantMachinery2022-09-3005257117core:Vehicles2022-09-3005257117core:FurnitureFittings2022-09-3005257117core:OfficeEquipment2022-09-3005257117core:AfterOneYear2022-09-3005257117core:WithinOneYear2022-09-3005257117core:ListedExchangeTraded2022-09-3005257117core:UnlistedNon-exchangeTraded2022-09-3005257117core:ShareCapital2022-09-3005257117core:SharePremium2022-09-3005257117core:RevaluationReserve2022-09-3005257117core:OtherReservesSubtotal2022-09-3005257117core:RetainedEarningsAccumulatedLosses2022-09-3005257117core:NetGoodwill2021-09-3005257117core:IntangibleAssetsOtherThanGoodwill2021-09-3005257117core:LandBuildings2021-09-3005257117core:PlantMachinery2021-09-3005257117core:Vehicles2021-09-3005257117core:FurnitureFittings2021-09-3005257117core:OfficeEquipment2021-09-3005257117core:AfterOneYear2021-09-3005257117core:WithinOneYear2021-09-3005257117core:ListedExch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Registered Number
05257117
(England and Wales)

Unaudited Financial Statements for the Year ended
30 September 2022

Sidekick Management Limited

Company Information
for the year from 1 October 2021 to 30 September 2022


Directors	Mr A Levack
	Mrs A Levack


Registered Address	10 Western Road
	Romford
	RM1 3JT


Registered Number	05257117 (England and Wales)

Sidekick Management Limited

Balance Sheet as at
30 September 2022

	Notes	2022		2021
		£	£	£	£
Fixed assets
Tangible assets	7		1,266		2,067
			1,266		2,067
Current assets
Debtors	10	557,303		528,213
Cash at bank and on hand		88,607		86,936
		645,910		615,149
Creditors amounts falling due within one year	11	(296,182)		(278,911)
Net current assets (liabilities)			349,728		336,238
Total assets less current liabilities			350,994		338,305
Creditors amounts falling due after one year	12		(27,921)		(37,408)
Provisions for liabilities	13		(241)		(393)
Net assets			322,832		300,504
Capital and reserves
Called up share capital			500		500
Profit and loss account			322,332		300,004
Shareholders' funds			322,832		300,504

The company was entitled to exemption from audit for this reporting period under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The Directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime. The directors have chosen to not file a copy of the company’s profit and loss account.

The financial statements were approved and authorised for issue by the Board of Directors on 14 April 2023, and are signed on its behalf by:

Mr A Levack
Director
Registered Company No. 05257117

Sidekick Management Limited

Notes to the Financial Statements
for the year ended 30 September 2022

1.	Statutory information
	The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2.	Compliance with applicable reporting framework
	The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.

3.	Principal activities
	The principal activity of the company continued to be that of sports agents.

4.	Basis of measurement used in financial statements
	The accounts have been prepared under the historical cost convention and in accordance with FRS 102, the financial reporting standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).

5.	Accounting policies

	Functional and presentation currency policy
	The financial statements are presented in sterling and this is the functional currency of the company.

	Turnover policy
	Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services.

	Property, plant and equipment policy
	Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:


		Reducing balance (%)
	Fixtures and fittings	20

	Revenue recognition policy
	Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.

Revenue recognition policy

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.

	Deferred tax policy
	Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

Deferred tax policy

Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

	Foreign currency translation and operations policy
	Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.

Foreign currency translation and operations policy

Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.

	Government grants and other government assistance policy
	Government grants are recognised at the fair value of the asset received or receivable when there is reasonable assurance that the grant conditions will be met and the grants will be received. A grant that specifies performance conditions is recognised in income when the performance conditions are met. Where a grant does not specify performance conditions it is recognised in income when the proceeds are received or receivable. A grant received before the recognition criteria are satisfied is recognised as a liability.

Government grants and other government assistance policy

Government grants are recognised at the fair value of the asset received or receivable when there is reasonable assurance that the grant conditions will be met and the grants will be received.

A grant that specifies performance conditions is recognised in income when the performance conditions are met.  Where a grant does not specify performance conditions it is recognised in income when the proceeds are received or receivable. A grant received before the recognition criteria are satisfied is recognised as a liability.

	Leases policy
	Assets held under finance leases which are leases where substantially all the risks and rewards of ownership of the asset have passed to the company, and hire purchase contracts are capitalised in the balance sheet. They are depreciated over the shorter of their useful lives or the term of the lease.

	Employee benefits policy
	Contributions to defined contribution plans are expensed in the period to which they relate.

6.	Employee information


		2022		2021
	Average number of employees during the year	3		3

7.	Property, plant and equipment

	Fixtures & fittings	Total
	£	£
Cost or valuation
At 01 October 21	2,986	2,986
Additions	1,583	1,583
Disposals	(2,986)	(2,986)
At 30 September 22	1,583	1,583
Depreciation and impairment
At 01 October 21	919	919
Charge for year	317	317
On disposals	(919)	(919)
At 30 September 22	317	317
Net book value
At 30 September 22	1,266	1,266
At 30 September 21	2,067	2,067

8.	Description of nature of transactions and balances with related parties
	Included within other debtors is an interest free loan of £170,500 (2021 - £170,500) to a company of which a director is also a director and shareholder.

9.	Dividends proposed and payable

	2022	2021
	£	£
Dividends Paid	172,000	105,000
Total	172,000	105,000


	The dividends shown above were paid in the year in respect of shares held by the company’s directors.

10.	Debtors

	2022	2021
	£	£
Trade debtors / trade receivables	263,745	357,427
Other debtors	293,558	170,786
Total	557,303	528,213


	Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

11.	Creditors within one year

	2022	2021
	£	£
Trade creditors / trade payables	141,526	154,292
Bank borrowings and overdrafts	9,784	9,568
Taxation and social security	141,834	111,563
Other creditors	3,038	3,488
Total	296,182	278,911


	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

12.	Creditors after one year

	2022	2021
	£	£
Bank borrowings and overdrafts	27,491	37,293
Other creditors	430	115
Total	27,921	37,408

13.	Provisions for liabilities

	2022	2021
	£	£
Net deferred tax liability (asset)	241	393
Total	241	393