1 April 2022 false Taxfiler 2023.9 OC412935business:LimitedLiabilityPartnershipLLP2022-04-012023-03-31 OC4129352022-03-31 OC4129352022-04-012023-03-31 OC412935business:AuditExempt-NoAccountantsReport2022-04-012023-03-31 OC412935business:FullAccounts2022-04-012023-03-31 OC4129352023-03-31 OC412935business:PartnerLLP42022-04-012023-03-31 OC412935business:PartnerLLP52022-04-012023-03-31 OC412935business:RegisteredOffice2022-04-012023-03-31 OC4129352022-03-31 OC412935core:WithinOneYear2023-03-31 OC412935core:WithinOneYear2022-03-31 OC412935core:AfterOneYear2023-03-31 OC412935core:AfterOneYear2022-03-31 OC412935core:RetainedEarningsAccumulatedLosses2023-03-31 OC412935core:RetainedEarningsAccumulatedLosses2022-03-31 OC412935business:SmallEntities2022-04-012023-03-31 OC412935core:MotorVehicles2022-04-012023-03-31 OC412935core:ComputerEquipment2022-04-012023-03-31 OC412935countries:EnglandWales2022-04-012023-03-31 OC412935core:PlantMachinery2022-03-31 OC412935core:MotorVehicles2022-03-31 OC412935core:ComputerEquipment2022-03-31 OC412935core:PlantMachinery2022-04-012023-03-31 OC412935core:PlantMachinery2023-03-31 OC412935core:MotorVehicles2023-03-31 OC412935core:ComputerEquipment2023-03-31 OC4129352021-04-012022-03-31 iso4217:GBP xbrli:pure
Registered No. OC412935 (England and Wales)
PFS Sport LLP Unaudited accounts for the year ended 31 March 2023
PFS Sport LLP LLP Information for the year ended 31 March 2023
Designated members
Mrs Jennifer Stokes
Mr Paul Stokes
Registered Number
OC412935 (England and Wales)
Registered Office
29 GARTHFIELD CRESCENT NEWCASTLE UPON TYNE NE5 2LY ENGLAND
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PFS Sport LLP Statement of financial position as at 31 March 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
16,705 
6,951 
Current assets
Inventories
- 
150 
Debtors
383 
464 
Cash at bank and in hand
20,272 
67,731 
20,655 
68,345 
Creditors: amounts falling due within one year
(28,837)
(31,102)
Net current (liabilities)/assets
(8,182)
37,243 
Total assets less current liabilities
8,523 
44,194 
Creditors: amounts falling due after more than one year
(22,429)
(34,425)
Net (liabilities)/assets attributable to members
(13,906)
9,769 
Represented by:
Loans and other debts due to members
(13,754)
9,769 
Members' other interests
Other reserves
(152)
- 
(13,906)
9,769 
Total members' interests
Loans and other debts due to members
(13,754)
9,769 
Members' other interests
(152)
- 
(13,906)
9,769 
For the year ending 31 March 2023 the LLP was entitled to exemption under section 477 of the Companies Act 2006 (as applied to LLPs) relating to small LLPs.
The members acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 (as applied to LLPs) with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to LLPs subject to the small LLPs regime. The profit and loss account has not been delivered to the Registrar of Companies.
Approved by the members on 8 September 2023.
Mr Paul Stokes Designated member Limited Liability Partnership Registration No. OC412935
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PFS Sport LLP Notes to the Accounts for the year ended 31 March 2023
1
Accounting policies
Basis of preparation
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) and the Statement of Recommended Practice (SORP), Accounting by Limited Liability Partnerships.
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:
Motor vehicles
25% Reducing Balance
Computer equipment
25% Reducing Balance
2
Statutory information
PFS Sport LLP is a limited liability partnership, incorporated in England and Wales, registration number OC412935. Its registered office is 29 GARTHFIELD CRESCENT, NEWCASTLE UPON TYNE, NE5 2LY, ENGLAND.
3
Tangible fixed assets
Plant & machinery 
Motor vehicles 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At valuation 
At 1 April 2022
172 
25,336 
3,614 
29,122 
Additions
- 
14,750 
- 
14,750 
Revaluations
- 
- 
1,349 
1,349 
Disposals
(172)
- 
(1,249)
(1,421)
At 31 March 2023
- 
40,086 
3,714 
43,800 
Depreciation
At 1 April 2022
137 
20,197 
1,837 
22,171 
Charge for the year
9 
4,972 
596 
5,577 
On disposals
(146)
- 
(507)
(653)
At 31 March 2023
- 
25,169 
1,926 
27,095 
Net book value
At 31 March 2023
- 
14,917 
1,788 
16,705 
At 31 March 2022
35 
5,139 
1,777 
6,951 
4
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Bank loans and overdrafts
11,189 
10,389 
Taxes and social security costs
(216)
47 
Other creditors
(723)
5,666 
Accruals
4,175 
- 
Deferred income
14,412 
15,000 
28,837 
31,102 
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PFS Sport LLP Notes to the Accounts for the year ended 31 March 2023
5
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
22,429 
34,425 
6
Loans and other debts due to members
2023 
2022 
£ 
£ 
Amounts due to members in respect of profits
(13,754)
9,769 
Amounts falling due within one year
(13,754)
9,769 
7
Average number of employees
During the year the average number of employees was 0 (2022: 0).
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