Game and Country Sporting Limited 09880477 false 2023-02-01 2024-01-31 2024-01-31 The principal activity of the company is sporting goods retail Digita Accounts Production Advanced 6.30.9574.0 true true 09880477 2023-02-01 2024-01-31 09880477 2024-01-31 09880477 bus:OrdinaryShareClass1 2024-01-31 09880477 core:RetainedEarningsAccumulatedLosses 2024-01-31 09880477 core:CurrentFinancialInstruments 2024-01-31 09880477 core:CurrentFinancialInstruments core:WithinOneYear 2024-01-31 09880477 core:Non-currentFinancialInstruments core:AfterOneYear 2024-01-31 09880477 core:Goodwill 2024-01-31 09880477 core:FurnitureFittingsToolsEquipment 2024-01-31 09880477 core:MotorVehicles 2024-01-31 09880477 bus:SmallEntities 2023-02-01 2024-01-31 09880477 bus:AuditExemptWithAccountantsReport 2023-02-01 2024-01-31 09880477 bus:FullAccounts 2023-02-01 2024-01-31 09880477 bus:SmallCompaniesRegimeForAccounts 2023-02-01 2024-01-31 09880477 bus:RegisteredOffice 2023-02-01 2024-01-31 09880477 bus:Director1 2023-02-01 2024-01-31 09880477 bus:Director2 2023-02-01 2024-01-31 09880477 bus:OrdinaryShareClass1 2023-02-01 2024-01-31 09880477 bus:PrivateLimitedCompanyLtd 2023-02-01 2024-01-31 09880477 bus:Agent1 2023-02-01 2024-01-31 09880477 core:RetainedEarningsAccumulatedLosses 2023-02-01 2024-01-31 09880477 core:Goodwill 2023-02-01 2024-01-31 09880477 core:ComputerEquipment 2023-02-01 2024-01-31 09880477 core:FurnitureFittings 2023-02-01 2024-01-31 09880477 core:FurnitureFittingsToolsEquipment 2023-02-01 2024-01-31 09880477 core:MotorVehicles 2023-02-01 2024-01-31 09880477 countries:England 2023-02-01 2024-01-31 09880477 2023-01-31 09880477 core:RetainedEarningsAccumulatedLosses 2023-01-31 09880477 core:Goodwill 2023-01-31 09880477 core:FurnitureFittingsToolsEquipment 2023-01-31 09880477 core:MotorVehicles 2023-01-31 09880477 2022-02-01 2023-01-31 09880477 2023-01-31 09880477 bus:OrdinaryShareClass1 2023-01-31 09880477 core:RetainedEarningsAccumulatedLosses 2023-01-31 09880477 core:CurrentFinancialInstruments 2023-01-31 09880477 core:CurrentFinancialInstruments core:WithinOneYear 2023-01-31 09880477 core:Non-currentFinancialInstruments core:AfterOneYear 2023-01-31 09880477 core:Goodwill 2023-01-31 09880477 core:FurnitureFittingsToolsEquipment 2023-01-31 09880477 core:MotorVehicles 2023-01-31 09880477 core:RetainedEarningsAccumulatedLosses 2022-02-01 2023-01-31 09880477 2022-01-31 09880477 core:RetainedEarningsAccumulatedLosses 2022-01-31 iso4217:GBP xbrli:pure xbrli:shares

Registration number: 09880477

Game and Country Sporting Limited

Annual Report and Unaudited Financial Statements

for the Year Ended 31 January 2024

 

Game and Country Sporting Limited

Contents

Company Information

1

Directors' Report

2

Accountants' Report

3

Balance Sheet

4

Statement of Changes in Equity

5

Notes to the Unaudited Financial Statements

6 to 10

 

Game and Country Sporting Limited

Company Information

Directors

Mrs Eleanor Marian Davies

Mr William Ireland Davies

Registered office

C/o 14 St. Owen Street
Hereford
HR1 2PL

Accountants

Oakleys Professional Limited
14 St Owen Street
Hereford
HR1 2PL

 

Game and Country Sporting Limited

Directors' Report for the Year Ended 31 January 2024

The directors present their report and the financial statements for the year ended 31 January 2024.

Directors of the company

The directors who held office during the year were as follows:

Mrs Eleanor Marian Davies

Mr William Ireland Davies

Principal activity

The principal activity of the company is sporting goods retail

Small companies provision statement

This report has been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

Approved by the Board on 6 August 2024 and signed on its behalf by:

.........................................
Mrs Eleanor Marian Davies
Director

.........................................
Mr William Ireland Davies
Director

 
     
 

Accountants' Report to the Board of Directors on the Preparation of the Unaudited Statutory Accounts of
Game and Country Sporting Limited
for the Year Ended 31 January 2024

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Game and Country Sporting Limited for the year ended 31 January 2024 as set out on pages 4 to 10 from the company's accounting records and from information and explanations you have given us.

We have not been instructed to carry out an audit or a review of the accounts of Game and Country Sporting Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.

......................................

Oakleys Professional Limited
14 St Owen Street
Hereford
HR1 2PL

6 August 2024

 

Game and Country Sporting Limited

(Registration number: 09880477)
Balance Sheet as at 31 January 2024

Note

2024
£

2023
£

Fixed assets

 

Intangible assets

4

20,000

20,000

Tangible assets

5

45,708

54,027

 

65,708

74,027

Current assets

 

Stocks

6

192,640

180,000

Debtors

63,332

45,129

Cash at bank and in hand

 

15,935

34,113

 

271,907

259,242

Creditors: Amounts falling due within one year

(579,525)

(570,730)

Net current liabilities

 

(307,618)

(311,488)

Total assets less current liabilities

 

(241,910)

(237,461)

Creditors: Amounts falling due after more than one year

(31,667)

(40,000)

Net liabilities

 

(273,577)

(277,461)

Capital and reserves

 

Retained earnings

(273,577)

(277,461)

Shareholders' deficit

 

(273,577)

(277,461)

For the financial year ending 31 January 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

Approved and authorised by the Board on 6 August 2024 and signed on its behalf by:
 

.........................................
Mrs Eleanor Marian Davies
Director

.........................................
Mr William Ireland Davies
Director

 
     
 

Game and Country Sporting Limited

Statement of Changes in Equity for the Year Ended 31 January 2024

Retained earnings
£

Total
£

At 1 February 2023

(277,461)

(277,461)

Profit for the year

7,884

7,884

Dividends

(4,000)

(4,000)

At 31 January 2024

(273,577)

(273,577)

Retained earnings
£

Total
£

At 1 February 2022

(258,415)

(258,415)

Loss for the year

(19,046)

(19,046)

At 31 January 2023

(277,461)

(277,461)

 

Game and Country Sporting Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2024

1

General information

The company is a private company limited by share capital, incorporated in England.

The address of its registered office is:
C/o 14 St. Owen Street
Hereford
HR1 2PL
England

These financial statements were authorised for issue by the Board on 6 August 2024.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

 

Game and Country Sporting Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2024

Asset class

Depreciation method and rate

Fixtures and fittings

20% reducing balance

Motor vehicles

20% reducing balance

Computer and equipment

20% reducing balance

Goodwill

Goodwill arising on the acquisition of an entity represents the excess of the cost of acquisition over the company’s interest in the net fair value of the identifiable assets, liabilities and contingent liabilities of the entity recognised at the date of acquisition. Goodwill is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is held in the currency of the acquired entity and revalued to the closing rate at each reporting period date. Goodwill is amortised over its useful life, which shall not exceed ten years if a reliable estimate of the useful life cannot be made.

Amortisation

Goodwill, being the amount paid in connection with the acquisition of a business in 2015, being amortised evenly over its estimated useful life of ten years.

Asset class

Amortisation method and rate

Purchase goodwill

10% straight line

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Stocks

The directors have chosen the fair value model basis for the valuation of biological assets under FRS 102.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

 

Game and Country Sporting Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2024

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 3 (2023 - 3).

 

Game and Country Sporting Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2024

4

Intangible assets

Goodwill
 £

Total
£

Cost or valuation

At 1 February 2023

40,000

40,000

At 31 January 2024

40,000

40,000

Amortisation

At 1 February 2023

20,000

20,000

At 31 January 2024

20,000

20,000

Carrying amount

At 31 January 2024

20,000

20,000

At 31 January 2023

20,000

20,000

5

Tangible assets

Furniture, fittings and equipment
 £

Motor vehicles
 £

Total
£

Cost or valuation

At 1 February 2023

19,357

77,059

96,416

At 31 January 2024

19,357

77,059

96,416

Depreciation

At 1 February 2023

15,064

27,325

42,389

Charge for the year

859

7,460

8,319

At 31 January 2024

15,923

34,785

50,708

Carrying amount

At 31 January 2024

3,434

42,274

45,708

At 31 January 2023

4,293

49,734

54,027

6

Stocks

2024
£

2023
£

Raw materials and consumables

192,640

180,000

 

Game and Country Sporting Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2024

7

Share capital

Allotted, called up and fully paid shares

 

2024

2023

 

No.

£

No.

£

Ordinary shares of £1 each

100

100

100

100