YOUTH SPORT TRUST ENTERPRISES LTD

YOUTH SPORT TRUST ENTERPRISES LTD

YOUTH SPORT TRUST ENTERPRISES LTD - Company Information

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YOUTH SPORT TRUST ENTERPRISES LTD

Company Registration Number:
03289889 (England and Wales)

Unaudited abridged accounts for the year ended 31 March 2021

Period of accounts

Start date: 01 April 2020

End date: 31 March 2021

YOUTH SPORT TRUST ENTERPRISES LTD

Contents of the Financial Statements

for the Period Ended 31 March 2021

Balance sheet
Notes

YOUTH SPORT TRUST ENTERPRISES LTD

Balance sheet

As at 31 March 2021


Notes
2021
2020


£
£
Called up share capital not paid: 0 0
Fixed assets
Intangible assets:   0 0
Tangible assets:   0 0
Investments:   0 0
Total fixed assets: 0 0
Current assets
Stocks: 5,934 12,392
Debtors:   45,699 45,904
Cash at bank and in hand: 268,629 304,919
Investments:   0 0
Total current assets: 320,262 363,215
Creditors: amounts falling due within one year: 3 (101,863) (134,923)
Net current assets (liabilities): 218,399 228,292
Total assets less current liabilities: 218,399 228,292
Creditors: amounts falling due after more than one year:   0 0
Provision for liabilities: 0 0
Total net assets (liabilities): 218,399 228,292
Capital and reserves
Called up share capital: 1 1
Share premium account: 0 0
Revaluation reserve: 00
Other reserves: 0 0
Profit and loss account: 218,398 228,291
Shareholders funds: 218,399 228,292

The notes form part of these financial statements

YOUTH SPORT TRUST ENTERPRISES LTD

Balance sheet statements

For the year ending 31 March 2021 the company was entitled to exemption 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.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

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 & loss account.

This report was approved by the board of directors on 17 September 2021
and signed on behalf of the board by:

Name: Keith Daniell
Status: Director

The notes form part of these financial statements

YOUTH SPORT TRUST ENTERPRISES LTD

Notes to the Financial Statements

for the Period Ended 31 March 2021

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

Turnover policy

Turnover represents amounts receivable for goods and services net of VAT and trade discounts. Revenue is recognised on sales at the point of delivery of goods and services.

Intangible fixed assets and amortisation policy

Intangible assets are initially recognised at cost and are subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Intangible assets are amortised to profit or loss on a straight-line basis over their useful lives, as follows:Website development costs over 3 years.On disposal, the difference between the net disposal proceeds and the carrying amount of the intangible asset is recognised in profit or loss.

Other accounting policies

STOCKSStocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow-moving items.Net realisable value is based on estimated selling price less further costs to completion and disposal.CASH AND CASH EQUIVALENTSCash and cash equivalents include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.INTEREST INCOMEInterest income is accrued on a time-apportioned basis, by reference to the principal outstanding at the effective interest rate.

YOUTH SPORT TRUST ENTERPRISES LTD

Notes to the Financial Statements

for the Period Ended 31 March 2021

2. Employees

2021 2020
Average number of employees during the period 0 0

YOUTH SPORT TRUST ENTERPRISES LTD

Notes to the Financial Statements

for the Period Ended 31 March 2021

3. Creditors: amounts falling due within one year note

Trade Creditors £19,131 (2020: £39,759)Amounts owed to group undertakings £37,482 (2020: £6,902)Accruals and Deferred income £45,250 (2020: £88,262)Total £101,863 (2020: £134,923)

YOUTH SPORT TRUST ENTERPRISES LTD

Notes to the Financial Statements

for the Period Ended 31 March 2021

4. Related party transactions

RELATED PARTY TRANSACTIONSThe Company has taken exemption from disclosing transactions with its parent undertaking, which owns 100% of the Company’s share capital.