1 April 2023 false Taxfiler 2024.4 OC412935business:LimitedLiabilityPartnershipLLP2023-04-012024-03-31 OC4129352023-03-31 OC4129352023-04-012024-03-31 OC412935business:AuditExempt-NoAccountantsReport2023-04-012024-03-31 OC412935business:FullAccounts2023-04-012024-03-31 OC4129352024-03-31 OC412935business:PartnerLLP22023-04-012024-03-31 OC412935business:PartnerLLP32023-04-012024-03-31 OC412935business:RegisteredOffice2023-04-012024-03-31 OC4129352023-03-31 OC412935core:WithinOneYear2024-03-31 OC412935core:WithinOneYear2023-03-31 OC412935core:AfterOneYear2024-03-31 OC412935core:AfterOneYear2023-03-31 OC412935core:RetainedEarningsAccumulatedLosses2024-03-31 OC412935core:RetainedEarningsAccumulatedLosses2023-03-31 OC412935business:SmallEntities2023-04-012024-03-31 OC412935core:MotorVehicles2023-04-012024-03-31 OC412935core:ComputerEquipment2023-04-012024-03-31 OC412935countries:EnglandWales2023-04-012024-03-31 OC412935core:MotorVehicles2023-03-31 OC412935core:ComputerEquipment2023-03-31 OC412935core:MotorVehicles2024-03-31 OC412935core:ComputerEquipment2024-03-31 OC4129352022-04-012023-03-31 iso4217:GBP xbrli:pure
Registered No. OC412935 (England and Wales)
PFS Sport LLP Unaudited accounts for the year ended 31 March 2024
PFS Sport LLP LLP Information for the year ended 31 March 2024
Designated members
Mrs Jennifer Stokes
Mr Paul Stokes
Registered Number
OC412935 (England and Wales)
Registered Office
29 GARTHFIELD CRESCENT NEWCASTLE UPON TYNE NE5 2LY ENGLAND
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PFS Sport LLP Statement of financial position as at 31 March 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
12,529 
16,705 
Current assets
Debtors
474 
383 
Cash at bank and in hand
7,925 
20,272 
8,399 
20,655 
Creditors: amounts falling due within one year
(26,434)
(28,837)
Net current liabilities
(18,035)
(8,182)
Total assets less current liabilities
(5,506)
8,523 
Creditors: amounts falling due after more than one year
(13,737)
(22,429)
Net liabilities attributable to members
(19,243)
(13,906)
Represented by:
Loans and other debts due to members
(19,242)
(13,754)
Members' other interests
Other reserves
(1)
(152)
(19,243)
(13,906)
Total members' interests
Loans and other debts due to members
(19,242)
(13,754)
Members' other interests
(1)
(152)
(19,243)
(13,906)
For the year ending 31 March 2024 the LLP was entitled to exemption under section 477 of the Companies Act 2006 (as applied to LLPs) relating to small LLPs.
The members acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 (as applied to LLPs) with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to LLPs subject to the small LLPs regime. The profit and loss account has not been delivered to the Registrar of Companies.
Approved by the members on 31 July 2024.
Mr Paul Stokes Designated member Limited Liability Partnership Registration No. OC412935
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PFS Sport LLP Notes to the Accounts for the year ended 31 March 2024
1
Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, the Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard) and the Statement of Recommended Practice (SORP), Accounting by Limited Liability Partnerships.
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:
Motor vehicles
25% Reducing Balance
Computer equipment
25% Reducing Balance
2
Statutory information
PFS Sport LLP is a limited liability partnership, incorporated in England and Wales, registration number OC412935. Its registered office is 29 GARTHFIELD CRESCENT, NEWCASTLE UPON TYNE, NE5 2LY, ENGLAND.
3
Tangible fixed assets
Motor vehicles 
Computer equipment 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 April 2023
40,086 
3,714 
43,800 
At 31 March 2024
40,086 
3,714 
43,800 
Depreciation
At 1 April 2023
25,169 
1,926 
27,095 
Charge for the year
3,729 
447 
4,176 
At 31 March 2024
28,898 
2,373 
31,271 
Net book value
At 31 March 2024
11,188 
1,341 
12,529 
At 31 March 2023
14,917 
1,788 
16,705 
4
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
11,160 
11,189 
Taxes and social security costs
(164)
(216)
Other creditors
4,233 
(723)
Accruals
- 
4,175 
Deferred income
11,205 
14,412 
26,434 
28,837 
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PFS Sport LLP Notes to the Accounts for the year ended 31 March 2024
5
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
13,737 
22,429 
6
Loans and other debts due to members
2024 
2023 
£ 
£ 
Amounts due to members in respect of profits
(19,242)
(13,754)
Amounts falling due within one year
(19,242)
(13,754)
7
Average number of employees
During the year the average number of employees was 29 (2023: 0).
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