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REGISTERED NUMBER: 08516821 (England and Wales)







Unaudited Financial Statements

for the Year Ended 28 February 2023

for

Pentagon Sport (South) Ltd

Pentagon Sport (South) Ltd (Registered number: 08516821)






Contents of the Financial Statements
for the Year Ended 28 February 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Pentagon Sport (South) Ltd

Company Information
for the Year Ended 28 February 2023







DIRECTORS: J Collis-Pritchard
S Flatman
M R Bischof
A Snell





REGISTERED OFFICE: 6 Orpen Park
Ash Ridge Road
Bradley Stoke
Bristol
BS32 4QD





REGISTERED NUMBER: 08516821 (England and Wales)





ACCOUNTANTS: Dunkley's
Woodlands Grange
Woodlands Lane
Bradley Stoke
Bristol
BS32 4JY

Pentagon Sport (South) Ltd (Registered number: 08516821)

Balance Sheet
28 February 2023

28.2.23 28.2.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 489,018 499,493

CURRENT ASSETS
Stocks 635,619 442,046
Debtors 5 2,451,770 1,369,207
Prepayments and accrued income 774,093 572,057
Cash at bank 1,437,065 971,073
5,298,547 3,354,383
CREDITORS
Amounts falling due within one year 6 3,307,412 1,965,375
NET CURRENT ASSETS 1,991,135 1,389,008
TOTAL ASSETS LESS CURRENT LIABILITIES 2,480,153 1,888,501

CREDITORS
Amounts falling due after more than one year 7 (192,585 ) (230,987 )

PROVISIONS FOR LIABILITIES (120,473 ) (79,121 )
NET ASSETS 2,167,095 1,578,393

CAPITAL AND RESERVES
Called up share capital 9 200 200
Retained earnings 2,166,895 1,578,193
SHAREHOLDERS' FUNDS 2,167,095 1,578,393

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 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.

Pentagon Sport (South) Ltd (Registered number: 08516821)

Balance Sheet - continued
28 February 2023


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 13 November 2023 and were signed on its behalf by:





J Collis-Pritchard - Director


Pentagon Sport (South) Ltd (Registered number: 08516821)

Notes to the Financial Statements
for the Year Ended 28 February 2023

1. STATUTORY INFORMATION

Pentagon Sport (South) Ltd 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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery - 20% on cost
Fixtures and fittings - 20% on cost
Motor vehicles - 15% on reducing balance
Computer equipment - 20% on cost

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
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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.

Pentagon Sport (South) Ltd (Registered number: 08516821)

Notes to the Financial Statements - continued
for the Year Ended 28 February 2023

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 47 (2022 - 36 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 March 2022 294,190 119,524 195,255 156,094 765,063
Additions 41,896 3,973 66,090 16,766 128,725
At 28 February 2023 336,086 123,497 261,345 172,860 893,788
DEPRECIATION
At 1 March 2022 71,995 60,346 32,099 101,130 265,570
Charge for year 59,642 21,713 36,555 21,290 139,200
At 28 February 2023 131,637 82,059 68,654 122,420 404,770
NET BOOK VALUE
At 28 February 2023 204,449 41,438 192,691 50,440 489,018
At 28 February 2022 222,195 59,178 163,156 54,964 499,493

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
Additions 66,090
Reclassification/transfer 89,280
At 28 February 2023 155,370
DEPRECIATION
Charge for year 15,359
Reclassification/transfer 16,238
At 28 February 2023 31,597
NET BOOK VALUE
At 28 February 2023 123,773

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28.2.23 28.2.22
£    £   
Trade debtors 1,701,008 1,018,040
Other debtors 35,191 57,691
Directors' current accounts 414,757 -
Prepayments 300,814 293,476
2,451,770 1,369,207

Pentagon Sport (South) Ltd (Registered number: 08516821)

Notes to the Financial Statements - continued
for the Year Ended 28 February 2023

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28.2.23 28.2.22
£    £   
Bank loans and overdrafts 50,000 50,000
Hire purchase contracts 31,611 20,088
Trade creditors 1,162,212 933,259
Tax 175,079 84,040
Social security and other taxes 83,416 71,242
VAT 321,925 127,601
Other creditors 383,341 253,634
Directors' current accounts - 6,672
Accruals and deferred income 1,099,828 418,839
3,307,412 1,965,375

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
28.2.23 28.2.22
£    £   
Bank loans - 1-2 years 145,832 50,000
Bank loans - 2-5 years - 145,833
Hire purchase contracts 46,753 35,154
192,585 230,987

8. SECURED DEBTS

The following secured debts are included within creditors:

28.2.23 28.2.22
£    £   
Bank loans 195,832 245,833
Hire purchase contracts 78,364 55,242
274,196 301,075

The bank loan is secured by the government under the Bounce back Loan Scheme.

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 28.2.23 28.2.22
value: £    £   
36 Ordinary A £1 36 36
36 Ordinary B £1 36 36
10 Ordinary C £1 10 10
15 Ordinary D £1 15 15
98 Ordinary E £1 98 98
1 Ordinary F £1 1 1
1 Ordinary G £1 1 1
1 Ordinary H £1 1 1
1 Ordinary I £1 1 1
1 Ordinary J £1 1 1
200 200

Pentagon Sport (South) Ltd (Registered number: 08516821)

Notes to the Financial Statements - continued
for the Year Ended 28 February 2023

10. CAPITAL COMMITMENTS
28.2.23 28.2.22
£    £   
Contracted but not provided for in the
financial statements 247,627 439,297

Pentagon Sport (South) Ltd entered into a lease agreement in October 2019. The term of lease is to October 2024 at a rate of £117,678 per annum.

Pentagon Sport (South) Ltd entered into a second lease agreement in August 2021. The term of lease is to August 2024 at a rate of £4,341 per annum.

Pentagon Sport (South) Ltd entered into a third lease agreement in August 2021. The term of lease is to August 2024 at a rate of £4,341 per annum.

Pentagon Sport (South) Ltd entered into a fourth lease agreement in September 2021. The term of lease is to September 2024 at a rate of £4,518 per annum.

11. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 28 February 2023 and 28 February 2022:

28.2.23 28.2.22
£    £   
J Collis-Pritchard
Balance outstanding at start of year (6,672 ) 134,939
Amounts advanced 535,792 300
Amounts repaid (114,363 ) (141,911 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 414,757 (6,672 )

The loan to the Director is unsecured and repayable on demand. The loan is interest free.