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Company Registration No. 06486671 (England and Wales)
Sportsmax Limited Unaudited accounts for the year ended 31 December 2023
Sportsmax Limited Unaudited accounts Contents
Page
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Sportsmax Limited Company Information for the year ended 31 December 2023
Directors
Mr Andrew Martyn Hough Mr William John Halton
Company Number
06486671 (England and Wales)
Registered Office
Unit 6 Peaks Place Business Park Rossini Street Bolton Greater Manchester BL1 8GJ United Kingdom
Accountants
Xeinadin Group Regent House Folds Road Bolton BL1 2RZ
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Sportsmax Limited Statement of financial position as at 31 December 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
32,029 
33,870 
Current assets
Inventories
26,108 
36,318 
Debtors
57,026 
56,739 
Cash at bank and in hand
5,822 
1,278 
88,956 
94,335 
Creditors: amounts falling due within one year
(104,639)
(101,309)
Net current liabilities
(15,683)
(6,974)
Total assets less current liabilities
16,346 
26,896 
Creditors: amounts falling due after more than one year
(14,167)
(24,167)
Provisions for liabilities
Deferred tax
(1,982)
(2,332)
Net assets
197 
397 
Capital and reserves
Called up share capital
12 
12 
Profit and loss account
185 
385 
Shareholders' funds
197 
397 
For the year ending 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 in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
The members have agreed to the preparation of abridged accounts for the year in accordance with Section 444(2A).
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 18 April 2024 and were signed on its behalf by
Mr William John Halton Director Company Registration No. 06486671
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Sportsmax Limited Notes to the Accounts for the year ended 31 December 2023
1
Statutory information
Sportsmax Limited is a private company, limited by shares, registered in England and Wales, registration number 06486671. The registered office is Unit 6 Peaks Place Business Park, Rossini Street, Bolton, Greater Manchester, BL1 8GJ, United Kingdom.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
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:
Land & buildings
Nil
Fixtures & fittings
15% Reducing Balance Method
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Inventories
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
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Sportsmax Limited Notes to the Accounts for the year ended 31 December 2023
4
Tangible fixed assets
Total 
£ 
Cost or valuation
At 1 January 2023
60,251 
At 31 December 2023
60,251 
Depreciation
At 1 January 2023
26,381 
Charge for the year
1,841 
At 31 December 2023
28,222 
Net book value
At 31 December 2023
32,029 
At 31 December 2022
33,870 
5
Share capital
2023 
2022 
£ 
£ 
Allotted, called up and fully paid:
10 Ordinary shares of £1 each
10 
10 
1 Ordinary A shares of £1 each
1 
1 
1 Ordinary B shares of £1 each
1 
1 
12 
12 
6
Average number of employees
During the year the average number of employees was 4 (2022: 4).
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