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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
Page
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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
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U Sports Limited Statement of financial position as at 30 November 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
8,137 
5,720 
Current assets
Inventories
2,160 
2,160 
Debtors
238,936 
110,203 
Cash at bank and in hand
80,501 
81,124 
321,597 
193,487 
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)
Net assets
151,586 
85,926 
Capital and reserves
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
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U Sports Limited Notes to the Accounts for the year ended 30 November 2023
1
Statutory information
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
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
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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 
Additions
- 
5,587 
5,587 
At 30 November 2023
6,895 
13,844 
20,739 
Depreciation
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 
Net book value
At 30 November 2023
- 
8,137 
8,137 
At 30 November 2022
718 
5,002 
5,720 
5
Debtors
2023 
2022 
£ 
£ 
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 
Other debtors
3,869 
1,584 
238,936 
110,203 
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Bank loans and overdrafts
10,000 
10,000 
VAT
70,908 
40,341 
Obligations under finance leases and hire purchase contracts
293 
- 
Trade creditors
26,390 
13,597 
Taxes and social security
48,620 
20,203 
Other creditors
2,371 
367 
Accruals
2,066 
1,273 
160,648 
85,781 
7
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
17,500 
27,500 
8
Share capital
2023 
2022 
£ 
£ 
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100 
100 
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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).
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