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REGISTERED NUMBER: 09964127 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 June 2021

for

Sporting Innovations Limited

Sporting Innovations Limited (Registered number: 09964127)






Contents of the Financial Statements
for the Year Ended 30 June 2021




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Sporting Innovations Limited

Company Information
for the Year Ended 30 June 2021







DIRECTORS: G Stewart
G Drake
R A J Antoun
G C Woodward





REGISTERED OFFICE: Gowran House
56 Broad Street
Chipping Sodbury
Bristol
BS37 6AG





REGISTERED NUMBER: 09964127 (England and Wales)





ACCOUNTANTS: R A Leslie & Co. LLP
Chartered Accountants
Gowran House
56 Broad Street
Chipping Sodbury
Bristol
BS37 6AG

Sporting Innovations Limited (Registered number: 09964127)

Balance Sheet
30 June 2021

30.6.21 30.6.20
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 - 750

CURRENT ASSETS
Debtors 5 16,385 17,867
Cash at bank 7,760 2,950
24,145 20,817
CREDITORS
Amounts falling due within one year 6 6,000 2,886
NET CURRENT ASSETS 18,145 17,931
TOTAL ASSETS LESS CURRENT
LIABILITIES

18,145

18,681

CREDITORS
Amounts falling due after more than one
year

7

24,000

9,449
NET (LIABILITIES)/ASSETS (5,855 ) 9,232

CAPITAL AND RESERVES
Called up share capital 133 133
Retained earnings (5,988 ) 9,099
(5,855 ) 9,232

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2021 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps 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 Sections 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.

Sporting Innovations Limited (Registered number: 09964127)

Balance Sheet - continued
30 June 2021


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 31 August 2022 and were signed on its behalf by:





G Stewart - Director


Sporting Innovations Limited (Registered number: 09964127)

Notes to the Financial Statements
for the Year Ended 30 June 2021

1. STATUTORY INFORMATION

Sporting Innovations Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Equipment, fixtures & fittings - 20% on cost

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

Going concern
At the balance sheet date, the company's liabilities exceeded its assets. The company has received assurances from the directors that they will continue to give financial support to the company for twelve months from the date of signing of these accounts.

On this basis the directors consider it appropriate to prepare the accounts on the going concern basis.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2020 - 4 ) .

Sporting Innovations Limited (Registered number: 09964127)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2021

4. TANGIBLE FIXED ASSETS
Equipment,
fixtures
& fittings
£   
COST
At 1 July 2020
and 30 June 2021 3,750
DEPRECIATION
At 1 July 2020 3,000
Charge for year 750
At 30 June 2021 3,750
NET BOOK VALUE
At 30 June 2021 -
At 30 June 2020 750

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.21 30.6.20
£    £   
Trade debtors 7,217 17,817
Directors' current accounts 6,351 -
Corporation tax repayable 2,767 -
VAT 50 50
16,385 17,867

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.21 30.6.20
£    £   
Corporation tax - 1,536
Bank loan 6,000 -
Directors' current accounts - 1,350
6,000 2,886

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.6.21 30.6.20
£    £   
Bank loan 24,000 -
Directors' loan accounts - 9,449
24,000 9,449