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
Registered Number
OC412935 (England and Wales)
Registered Office
29 GARTHFIELD CRESCENT
NEWCASTLE UPON TYNE
NE5 2LY
ENGLAND
PFS Sport LLP
Statement of financial position
as at 31 March 2024
Tangible assets
12,529
16,705
Cash at bank and in hand
7,925
20,272
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)
Loans and other debts due to members
(19,242)
(13,754)
Loans and other debts due to members
(19,242)
(13,754)
Members' other interests
(1)
(152)
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
PFS Sport LLP
Notes to the Accounts
for the year ended 31 March 2024
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.
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
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
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
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)
Deferred income
11,205
14,412
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
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).