REGISTERED NUMBER: 03823007 (England and Wales)

Unaudited Financial Statements for the Year Ended 30 January 2023

for

Sports Bulk Suppliers Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

R M Crowther

S C Crowther

C Crowther

REGISTERED OFFICE:

Network House

Stubs Beck Lane

West 26 Industrial Estate

Cleckheaton

West Yorkshire

BD19 4TT

REGISTERED NUMBER:

03823007 (England and Wales)

ACCOUNTANTS:

KJA Kilner Johnson Ltd

Network House

Stubs Beck Lane

Cleckheaton

BD19 4TT

FIXED ASSETS

Tangible assets

4

20,232

2,683

CURRENT ASSETS

Stocks

1,500

5,186

Debtors

5

82,785

80,627

Cash at bank

80,004

109,460

164,289

195,273

CREDITORS

Amounts falling due within one year

6

146,137

155,822

NET CURRENT ASSETS

18,152

39,451

TOTAL ASSETS LESS CURRENT LIABILITIES

38,384

42,134

CREDITORS

Amounts falling due after more than one year

7

(35,748

)

(41,303

)

PROVISIONS FOR LIABILITIES

-

(671

)

NET ASSETS

2,636

160

CAPITAL AND RESERVES

Called up share capital

106

106

Retained earnings

2,530

54

2,636

160

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 January 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 January 2023 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.

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 28 September 2023 and were signed on its behalf by:

C Crowther - Director

1.	STATUTORY INFORMATION

Sports Bulk Suppliers 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.

Plant and machinery

-

25% reducing balance

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2022 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

£

COST

At 31 January 2022

13,204

Additions

20,336

Disposals

(228

)

At 30 January 2023

33,312

DEPRECIATION

At 31 January 2022

10,521

Charge for year

2,744

Eliminated on disposal

(185

)

At 30 January 2023

13,080

NET BOOK VALUE

At 30 January 2023

20,232

At 30 January 2022

2,683

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2023

2022

£

£

Trade debtors

53,192

50,977

Other debtors

29,593

29,650

82,785

80,627

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2023

2022

£

£

Bank loans and overdrafts

5,556

5,556

Trade creditors

85,175

93,570

Taxation and social security

48,213

47,595

Other creditors

7,193

9,101

146,137

155,822

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2023

2022

£

£

Bank loans

35,748

41,303