2023-01-01 08357129 2023-12-31 08357129 2023-01-01 2023-12-31 08357129 2022-12-31 08357129 2022-01-01 2022-12-31 08357129 uk-core:WithinOneYear 2022-12-31 08357129 uk-core:WithinOneYear 2023-12-31 08357129 uk-core:ShareCapital 2023-12-31 08357129 uk-core:ShareCapital 2022-12-31 08357129 uk-core:RetainedEarningsAccumulatedLosses 2023-12-31 08357129 uk-core:RetainedEarningsAccumulatedLosses 2022-12-31 08357129 uk-bus:Director1 2023-01-01 2023-12-31 08357129 uk-core:PlantMachinery 2023-01-01 2023-12-31 08357129 uk-core:ToolsEquipment 2023-01-01 2023-12-31 08357129 uk-core:ToolsEquipment 2022-12-31 08357129 uk-core:PlantMachinery 2022-12-31 08357129 uk-core:PlantMachinery 2023-12-31 08357129 uk-core:ToolsEquipment 2023-12-31 iso4217:GBP xbrli:pure 08357129 uk-bus:AuditExemptWithAccountantsReport 2023-01-01 2023-12-31 08357129 uk-bus:FRS102 2023-01-01 2023-12-31 08357129 uk-bus:FilletedAccounts 2023-01-01 2023-12-31 08357129 uk-bus:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31
Physical Sports Limited
Registered Number:08357129
For the year ended 31 December 2023
England and Wales
Unaudited Financial Statements
2
For the year ended 31 December 2023
Physical Sports Limited
Contents Page
1
Statement of Financial Position
2 to 3
Notes to the Financial Statements
3
Registered Number :
08357129
As at 31 December 2023
Physical Sports Limited
Statement of Financial Position
£
£
2022
2023
Notes
Fixed assets
Property, plant and equipment
1,808
1,083
2
1,808
1,083
Current assets
Trade and other receivables
5,666
5,147
3
51,198
Cash and cash equivalents
42,803
47,950
56,864
Trade and other payables: amounts falling due within one
year
(41,969)
(38,253)
4
14,895
9,697
Net current assets
Total assets less current liabilities
11,505
15,978
11,505
Net assets
15,978
Capital and reserves
Called up share capital
100
100
Retained earnings
11,405
15,878
11,505
15,978
Shareholders' funds
For the year ended 31 December 2023 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 of its financial statements for the year ended 31 December 2023 in accordance with Section 476 of the Companies Act 2006
The director acknowledges his responsibilities for:a) ensuring that the company keeps proper 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 Section
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.
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
Mrs Sophie Hoskins Director
These financial statements were approved and authorised for issue by the Board on 26 March 2024 and were signed by:
The notes form part of these financial statements
1 of 3
4
For the year ended 31 December 2023
Physical Sports Limited
Notes to the Financial Statements
Statutory Information
Physical Sports Limited is a private limited company, limited by shares, domiciled in England and Wales, registration
number 08357129.
Registered address:
17 Dam Road
Barton Upon Humber
South Humberside
DN18 5AS
The presentation currency is £ sterling.
1. Accounting policies
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A of Financial
Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the
Companies Act 2006. The financial statements have been prepared under the historical costs convention as
modified by the revaluation of certain assets.
Revenue recognition
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Property, plant and equipment
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Plant and machinery
20% Straight line
20% Straight line
Computer equipment
2. Property, plant and equipment
Total
Computer
equipment
Plant and
machinery
£
£
£
Cost or
valuation
At 01 January 2023
8,854
8,496
358
1,806
1,806
-
Additions
At 31 December 2023
358
10,302
10,660
Provision for depreciation and impairment
At 01 January 2023
7,771
7,413
358
Charge for year
1,081
1,081
-
At 31 December 2023
8,852
8,494
358
At 31 December 2023
Net book value
-
1,808
1,808
At 31 December 2022
-
1,083
1,083
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5
For the year ended 31 December 2023
Physical Sports Limited
Notes to the Financial Statements Continued
3. Trade and other receivables
2022
2023
£
£
Trade debtors
5,147
5,666
4. Trade and other payables: amounts falling due within one year
2022
2023
£
£
Trade creditors
13,895
5,137
Taxation and social security
15,087
16,007
Other creditors
9,271
20,825
38,253
41,969
5. Average number of persons employed
During the year the average number of employees was 2 (2022 : 2)
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