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Sneakers Arena Limited
Registered Number:10846560
For the year ended 31 July 2023
England and Wales
Unaudited Financial Statements
2
For the year ended 31 July 2023
Sneakers Arena Limited
Contents Page
1
Statement of Financial Position
2 to 5
Notes to the Financial Statements
3
Registered Number :
10846560
As at 31 July 2023
Sneakers Arena Limited
Statement of Financial Position
£
£
2022
2023
Notes
Fixed assets
Property, plant and equipment
-
356
2
-
356
Current assets
Inventories
48,000
28,600
3
Trade and other receivables
12,045
10,772
4
5,542
Cash and cash equivalents
6,689
46,061
65,587
Trade and other payables: amounts falling due within one
year
(17,228)
(12,907)
5
48,359
33,154
Net current assets
Total assets less current liabilities
33,154
48,715
Trade and other payables: amounts falling due after more
than one year
(48,615)
(42,537)
6
(9,383)
Net assets/liabilities
100
Capital and reserves
Called up share capital
100
100
Retained earnings
(9,483)
-
(9,383)
100
Shareholders' funds
For the year ended 31 July 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 July 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.
KOWALCZYK, Lukasz Henryk Director
These financial statements were approved and authorised for issue by the Board on 10 April 2024 and were signed by:
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4
Registered Number :
10846560
For the year ended 31 July 2023
Sneakers Arena Limited
Statement of Financial Position Continued
The notes form part of these financial statements
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5
For the year ended 31 July 2023
Sneakers Arena Limited
Notes to the Financial Statements
Statutory Information
Sneakers Arena Limited is a private limited company, limited by shares, domiciled in England and Wales, registration
number 10846560.
Registered address:
66 Sorbus Drive
Crewe
United Kingdom
CW1 4EX
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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax or other similar sales taxes.
Property, plant and equipment
Property, plant and equipment, 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:
33.33 % Straight line
Computer Equipment
15 % Straight line
Motor Vehicles
20 % Straight line
Furniture and Fittings
Inventories
Inventories are value at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.
Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate at the date of transaction. Exchange rate differences are taken into account in arriving at the operating result.
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6
For the year ended 31 July 2023
Sneakers Arena Limited
Notes to the Financial Statements Continued
2. Property, plant and equipment
Total
Computer
Equipment
Furniture and
Fittings
£
£
£
Cost or
valuation
At 01 August 2022
3,362
2,812
550
At 31 July 2023
550
2,812
3,362
Provision for depreciation and impairment
At 01 August 2022
3,006
2,456
550
Charge for year
356
356
-
At 31 July 2023
3,362
2,812
550
At 31 July 2023
Net book value
-
-
-
At 31 July 2022
-
356
356
3. Inventories
2022
2023
£
£
Stocks
28,600
48,000
4. Trade and other receivables
2022
2023
£
£
Trade debtors
143
5,442
Other debtors
10,629
6,603
12,045
10,772
5. Trade and other payables: amounts falling due within one year
2022
2023
£
£
Bank loans and overdraft
50
10
Trade creditors
4,156
8,331
Taxation and social security
5,386
8,335
Debentures
3,315
552
Other creditors
-
-
12,907
17,228
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7
For the year ended 31 July 2023
Sneakers Arena Limited
Notes to the Financial Statements Continued
6. Trade and other payables: amounts falling due after more than one year
2022
2023
£
£
Debentures
42,537
48,615
7. Directors advances and guarantees
At 01/08/2022
Loaned
At 31/07/2023
£
£
£
KOWALCZYK, Lukasz Henryk
Unsecured interest free loan to director repayable on demand
3,625
-
3,625
3,625
-
3,625
8. Average number of persons employed
During the year the average number of employees was 1 (2022 : 1)
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