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REGISTERED NUMBER: 04431292 (England and Wales)













Unaudited Financial Statements

for the Year Ended 31 March 2024

for

Haven Sports Limited

Haven Sports Limited (Registered number: 04431292)






Contents of the Financial Statements
for the Year Ended 31 March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Haven Sports Limited

Company Information
for the Year Ended 31 March 2024







DIRECTORS: I R Heys
Ms J B Miller
R J R Heys



SECRETARY: Ms J B Miller



REGISTERED OFFICE: Marine Road
Broad Haven
HAVERFORDWEST
Pembrokeshire
SA62 3JR



REGISTERED NUMBER: 04431292 (England and Wales)



BANKERS: H.S.B.C.
41 High Street
Haverfordwest
Pembrokeshire
SA61 2BU

Haven Sports Limited (Registered number: 04431292)

Balance Sheet
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 224,106 236,280
224,106 236,280

CURRENT ASSETS
Stocks 6 216,643 243,998
Debtors 7 12,634 808
Cash at bank and in hand 61,768 41,589
291,045 286,395
CREDITORS
Amounts falling due within one year 8 24,099 52,938
NET CURRENT ASSETS 266,946 233,457
TOTAL ASSETS LESS CURRENT
LIABILITIES

491,052

469,737

PROVISIONS FOR LIABILITIES 9 11,518 13,112
NET ASSETS 479,534 456,625

CAPITAL AND RESERVES
Called up share capital 235,200 235,200
Retained earnings 244,334 221,425
SHAREHOLDERS' FUNDS 479,534 456,625

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

Haven Sports Limited (Registered number: 04431292)

Balance Sheet - continued
31 March 2024


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 28 June 2024 and were signed on its behalf by:




I R Heys - Director Ms J B Miller - Director




R J R Heys - Director


Haven Sports Limited (Registered number: 04431292)

Notes to the Financial Statements
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

Haven Sports Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2002, is being amortised evenly over its estimated useful life of twenty years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Improvements to property - 2% on cost
Plant and machinery - 15% on reducing balance
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 15% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2023 - 3 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2023
and 31 March 2024 40,000
AMORTISATION
At 1 April 2023
and 31 March 2024 40,000
NET BOOK VALUE
At 31 March 2024 -
At 31 March 2023 -

Haven Sports Limited (Registered number: 04431292)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

5. TANGIBLE FIXED ASSETS
Improvements Fixtures
to Plant and and
property machinery fittings
£    £    £   
COST
At 1 April 2023 189,173 6,634 83,713
Additions - - -
At 31 March 2024 189,173 6,634 83,713
DEPRECIATION
At 1 April 2023 21,904 6,092 55,014
Charge for year 3,783 81 4,305
At 31 March 2024 25,687 6,173 59,319
NET BOOK VALUE
At 31 March 2024 163,486 461 24,394
At 31 March 2023 167,269 542 28,699

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 April 2023 33,335 40,917 353,772
Additions - 5,248 5,248
At 31 March 2024 33,335 46,165 359,020
DEPRECIATION
At 1 April 2023 8,334 26,148 117,492
Charge for year 6,250 3,003 17,422
At 31 March 2024 14,584 29,151 134,914
NET BOOK VALUE
At 31 March 2024 18,751 17,014 224,106
At 31 March 2023 25,001 14,769 236,280

6. STOCKS
31.3.24 31.3.23
£    £   
Stocks 216,643 243,998

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Directors' current accounts 11,861 -
VAT 594 808
Prepayments 179 -
12,634 808

Haven Sports Limited (Registered number: 04431292)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade creditors 6,790 15,541
Tax 14,003 13,751
Social security and other taxes - 97
Company Credit Card 838 362
Directors' current accounts 153 21,124
Accrued expenses 2,315 2,063
24,099 52,938

9. PROVISIONS FOR LIABILITIES
31.3.24 31.3.23
£    £   
Deferred tax 11,518 13,112

Deferred
tax
£   
Balance at 1 April 2023 13,112
Provided during year (1,594 )
Timing difference
Balance at 31 March 2024 11,518

10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 March 2024 and 31 March 2023:

31.3.24 31.3.23
£    £   
I R Heys
Balance outstanding at start of year (20,704 ) (900 )
Amounts advanced 36,234 26,212
Amounts repaid (3,669 ) (46,016 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 11,861 (20,704 )

The company has provided a loan of £11,861 (2023 - NIL) to Mr I R Heys, a company director. The movements on the loan were payments to the director of £36,234 ans repayments received from the director of £3,669. The director has agreed to repay the loan within 9 months of the accounting period end.