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REGISTERED NUMBER: 01477529 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 July 2023

for

Sportshall Markings Limited

Sportshall Markings Limited (Registered number: 01477529)






Contents of the Financial Statements
for the Year Ended 31 July 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Sportshall Markings Limited

Company Information
for the Year Ended 31 July 2023







DIRECTORS: D V Johnston
I J Johnston





REGISTERED OFFICE: 21 Church Road
Parkstone
Poole
Dorset
BH14 8UF





REGISTERED NUMBER: 01477529 (England and Wales)





ACCOUNTANT: Richard Allen & Associates
21 Church Road
Parkstone
Poole
Dorset
BH14 8UF

Sportshall Markings Limited (Registered number: 01477529)

Balance Sheet
31 July 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 36,738 17,677

CURRENT ASSETS
Stocks 5,135 8,000
Debtors 5 42,814 62,225
Cash at bank and in hand 11,215 22,032
59,164 92,257
CREDITORS
Amounts falling due within one year 6 42,006 71,406
NET CURRENT ASSETS 17,158 20,851
TOTAL ASSETS LESS CURRENT
LIABILITIES

53,896

38,528

CREDITORS
Amounts falling due after more than one
year

7

(30,894

)

(11,711

)

PROVISIONS FOR LIABILITIES (2,465 ) (2,874 )
NET ASSETS 20,537 23,943

CAPITAL AND RESERVES
Called up share capital 110 110
Retained earnings 20,427 23,833
SHAREHOLDERS' FUNDS 20,537 23,943

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2023.

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 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.

Sportshall Markings Limited (Registered number: 01477529)

Balance Sheet - continued
31 July 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 22 April 2024 and were signed on its behalf by:





D V Johnston - Director


Sportshall Markings Limited (Registered number: 01477529)

Notes to the Financial Statements
for the Year Ended 31 July 2023

1. STATUTORY INFORMATION

Sportshall Markings 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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Land and buildings - 15% on reducing balance and 10% on cost
Plant and machinery etc - 33% on cost, 25% on reducing balance and 20% on reducing balance

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

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2022 - 4 ) .

Sportshall Markings Limited (Registered number: 01477529)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2023

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 August 2022 10,792 166,488 177,280
Additions - 31,304 31,304
Disposals - (27,983 ) (27,983 )
At 31 July 2023 10,792 169,809 180,601
DEPRECIATION
At 1 August 2022 10,014 149,589 159,603
Charge for year 117 11,837 11,954
Eliminated on disposal - (27,694 ) (27,694 )
At 31 July 2023 10,131 133,732 143,863
NET BOOK VALUE
At 31 July 2023 661 36,077 36,738
At 31 July 2022 778 16,899 17,677

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and
machinery
etc
£   
COST
At 1 August 2022 54,060
Additions 28,290
Transfer to ownership (54,060 )
At 31 July 2023 28,290
DEPRECIATION
At 1 August 2022 44,438
Charge for year 7,073
Transfer to ownership (44,438 )
At 31 July 2023 7,073
NET BOOK VALUE
At 31 July 2023 21,217
At 31 July 2022 9,622

Sportshall Markings Limited (Registered number: 01477529)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2023

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 28,812 60,444
Other debtors 14,002 1,781
42,814 62,225

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 3,742 3,956
Hire purchase contracts 4,400 -
Trade creditors 9,738 23,968
Taxation and social security 18,121 28,071
Other creditors 6,005 15,411
42,006 71,406

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans 7,923 11,711
Hire purchase contracts 22,971 -
30,894 11,711

8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 July 2023 and 31 July 2022:

2023 2022
£    £   
D V Johnston
Balance outstanding at start of year (3,405 ) (5,923 )
Amounts advanced 53,854 50,231
Amounts repaid (41,243 ) (47,713 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 9,206 (3,405 )