Company Registration No. 11075233 (England and Wales)
U Sports Limited
Unaudited accounts
for the year ended 30 November 2023
U Sports Limited
Unaudited accounts
Contents
U Sports Limited
Company Information
for the year ended 30 November 2023
Directors
Mr Charlie Thomas Hiscox
Mrs Stephanie Hiscox
Company Number
11075233 (England and Wales)
Registered Office
OFFICE 4, PARK HOUSE HEADLEY ROAD
WOODLEY
READING
RG5 4JB
ENGLAND
Accountants
Aidhan and Partners
Simply Accountants Ltd
8 Devonshire Square
London
EC2M 4PL
U Sports Limited
Statement of financial position
as at 30 November 2023
Tangible assets
8,137
5,720
Cash at bank and in hand
80,501
81,124
Creditors: amounts falling due within one year
(160,648)
(85,781)
Net current assets
160,949
107,706
Total assets less current liabilities
169,086
113,426
Creditors: amounts falling due after more than one year
(17,500)
(27,500)
Called up share capital
100
100
Profit and loss account
151,486
85,826
Shareholders' funds
151,586
85,926
For the year ending 30 November 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 in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 15 May 2024 and were signed on its behalf by
Mr Charlie Thomas Hiscox
Director
Company Registration No. 11075233
U Sports Limited
Notes to the Accounts
for the year ended 30 November 2023
U Sports Limited is a private company, limited by shares, registered in England and Wales, registration number 11075233. The registered office is OFFICE 4, PARK HOUSE HEADLEY ROAD, WOODLEY, READING, RG5 4JB, ENGLAND.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
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% Straight line
Computer equipment
33.33% Straight line
Preparation of consolidated financial statements
The financial statements contain information about U SPORTS LIMITED as an individual
company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements
U Sports Limited
Notes to the Accounts
for the year ended 30 November 2023
4
Tangible fixed assets
Motor vehicles
Computer equipment
Total
Cost or valuation
At cost
At cost
At 1 December 2022
6,895
8,257
15,152
At 30 November 2023
6,895
13,844
20,739
At 1 December 2022
6,177
3,255
9,432
Charge for the year
718
2,452
3,170
At 30 November 2023
6,895
5,707
12,602
At 30 November 2023
-
8,137
8,137
At 30 November 2022
718
5,002
5,720
Amounts falling due within one year
Trade debtors
75,277
44,613
Amounts due from group undertakings etc.
155,528
61,000
Accrued income and prepayments
4,262
3,006
6
Creditors: amounts falling due within one year
2023
2022
Bank loans and overdrafts
10,000
10,000
Obligations under finance leases and hire purchase contracts
293
-
Trade creditors
26,390
13,597
Taxes and social security
48,620
20,203
7
Creditors: amounts falling due after more than one year
2023
2022
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100
100
U Sports Limited
Notes to the Accounts
for the year ended 30 November 2023
9
Average number of employees
During the year the average number of employees was 35 (2022: 19).