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Company Registration No. 14825877 (England and Wales)
Sportsability Limited Unaudited accounts for the period from 25 April 2023 to 30 April 2024
Sportsability Limited Unaudited accounts Contents
Page
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Sportsability Limited Company Information for the period from 25 April 2023 to 30 April 2024
Directors
Mrs SG Mathers Mr AW Rhodes
Company Number
14825877 (England and Wales)
Registered Office
SEQUOIA INGS LANE DUNSWELL HULL HU6 0AL ENGLAND
Accountants
Kendall Accountancy Services Limited 2 Exeter Street New Village Road Cottingham East Yorkshire HU16 4LU
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Sportsability Limited Statement of financial position as at 30 April 2024
2024 
Notes
£ 
Fixed assets
Tangible assets
50 
Current assets
Debtors
1,190 
Cash at bank and in hand
4,042 
5,232 
Creditors: amounts falling due within one year
(22,719)
Net current liabilities
(17,487)
Net liabilities
(17,437)
Capital and reserves
Called up share capital
100 
Profit and loss account
(17,537)
Shareholders' funds
(17,437)
For the period ending 30 April 2024 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 1 July 2024 and were signed on its behalf by
Mrs SG Mathers Director Company Registration No. 14825877
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Sportsability Limited Notes to the Accounts for the period from 25 April 2023 to 30 April 2024
1
Statutory information
Sportsability Limited is a private company, limited by shares, registered in England and Wales, registration number 14825877. The registered office is SEQUOIA INGS LANE, DUNSWELL, HULL, HU6 0AL, 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 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:
Plant & machinery
20% on Cost
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
Research and development
Expenditure on research and development is written off in the year in which it is incurred.
Government grants
Government grants in relation to tangible fixed assets are credited to profit and loss account over the useful lives of the related assets, whereas those in relation to expenditure are credited when the expenditure is charged to profit and loss.
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Sportsability Limited Notes to the Accounts for the period from 25 April 2023 to 30 April 2024
Leased assets
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term. Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
Pension costs
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
4
Tangible fixed assets
Plant & machinery 
£ 
Cost or valuation
At cost 
At 25 April 2023
- 
Additions
52 
At 30 April 2024
52 
Depreciation
Charge for the period
2 
At 30 April 2024
2 
Net book value
At 30 April 2024
50 
5
Debtors
2024 
£ 
Amounts falling due within one year
Trade debtors
915 
Accrued income and prepayments
275 
1,190 
6
Creditors: amounts falling due within one year
2024 
£ 
Trade creditors
438 
Amounts owed to group undertakings and other participating interests
20,642 
Taxes and social security
1,459 
Other creditors
180 
22,719 
7
Average number of employees
During the period the average number of employees was 0.
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