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Company Registration No. 04820881 (England and Wales)
Sports Installations Limited Unaudited accounts for the year ended 31 December 2022
Sports Installations Limited Unaudited accounts Contents
Page
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Sports Installations Limited Company Information for the year ended 31 December 2022
Director
Mr M Steans
Secretary
Mrs C Steans
Company Number
04820881 (England and Wales)
Registered Office
25 Prince William Road Loughborough Leicestershire LE11 5DA
Accountants
Bradgate Business Support Limited Old Rectory Cottage 112 Main Street Markfield Leicestershire LE67 9UX
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Sports Installations Limited Statement of financial position as at 31 December 2022
2022 
2021 
Notes
£ 
£ 
Fixed assets
Tangible assets
37,359 
49,847 
Current assets
Debtors
31,022 
32,322 
Cash at bank and in hand
446 
6,900 
31,468 
39,222 
Creditors: amounts falling due within one year
(24,433)
(21,362)
Net current assets
7,035 
17,860 
Total assets less current liabilities
44,394 
67,707 
Creditors: amounts falling due after more than one year
(37,062)
(42,073)
Provisions for liabilities
Deferred tax
(7,098)
(9,471)
Net assets
234 
16,163 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
134 
16,063 
Shareholders' funds
234 
16,163 
For the year ending 31 December 2022 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 in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 28 September 2023 and were signed on its behalf by
Mr M Steans Director Company Registration No. 04820881
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Sports Installations Limited Notes to the Accounts for the year ended 31 December 2022
1
Statutory information
Sports Installations Limited is a private company, limited by shares, registered in England and Wales, registration number 04820881. The registered office is 25 Prince William Road, Loughborough, Leicestershire, LE11 5DA.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25% on a reducing balance basis
Motor vehicles
25% on a reducing balance basis
Fixtures & fittings
15% on a reducing balance basis
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
Pension costs
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
Leased assets
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term. Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
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Sports Installations Limited Notes to the Accounts for the year ended 31 December 2022
4
Tangible fixed assets
Plant & machinery 
Fixtures & fittings 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 January 2022
103,629 
403 
104,032 
Disposals
(11,750)
- 
(11,750)
At 31 December 2022
91,879 
403 
92,282 
Depreciation
At 1 January 2022
54,094 
91 
54,185 
Charge for the year
12,369 
61 
12,430 
On disposals
(11,692)
- 
(11,692)
At 31 December 2022
54,771 
152 
54,923 
Net book value
At 31 December 2022
37,108 
251 
37,359 
At 31 December 2021
49,535 
312 
49,847 
5
Debtors
2022 
2021 
£ 
£ 
Amounts falling due within one year
Trade debtors
31,022 
32,322 
6
Creditors: amounts falling due within one year
2022 
2021 
£ 
£ 
Bank loans and overdrafts
8,920 
5,010 
VAT
3,293 
6,555 
Trade creditors
170 
326 
Taxes and social security
3,387 
6,019 
Other creditors
- 
881 
Loans from directors
6,780 
442 
Accruals
1,883 
2,129 
24,433 
21,362 
7
Creditors: amounts falling due after more than one year
2022 
2021 
£ 
£ 
Bank loans
37,062 
42,073 
8
Average number of employees
During the year the average number of employees was 1 (2021: 3).
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