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
Registered Number
OC412935 (England and Wales)
Registered Office
29 GARTHFIELD CRESCENT
NEWCASTLE UPON TYNE
NE5 2LY
ENGLAND
PFS Sport LLP
Statement of financial position
as at 31 March 2023
Tangible assets
16,705
6,951
Cash at bank and in hand
20,272
67,731
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
Loans and other debts due to members
(13,754)
9,769
Loans and other debts due to members
(13,754)
9,769
Members' other interests
(152)
-
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
PFS Sport LLP
Notes to the Accounts
for the year ended 31 March 2023
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.
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
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
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
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
Deferred income
14,412
15,000
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
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).