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Company Registration No. 04820881 (England and Wales)
Sports Installations Limited Unaudited accounts for the year ended 31 December 2023
Sports Installations Limited Unaudited accounts Contents
Page
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Sports Installations Limited Company Information for the year ended 31 December 2023
Director
Mr M Steans
Secretary
Mrs C Steans
Company Number
04820881 (England and Wales)
Registered Office
28 Loughborough Road Quorn Leicestershire LE12 8DX
Accountants
Bradgate Business Support Limited Old Rectory Cottage 112 Main Street Markfield Leicestershire LE67 9UX
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Sports Installations Limited Statement of financial position as at 31 December 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
8,067 
37,359 
Current assets
Debtors
30,184 
31,022 
Cash at bank and in hand
1,227 
446 
31,411 
31,468 
Creditors: amounts falling due within one year
(22,873)
(24,433)
Net current assets
8,538 
7,035 
Total assets less current liabilities
16,605 
44,394 
Creditors: amounts falling due after more than one year
(32,140)
(37,062)
Provisions for liabilities
Deferred tax
(1,533)
(7,098)
Net (liabilities)/assets
(17,068)
234 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
(17,168)
134 
Shareholders' funds
(17,068)
234 
For the year ending 31 December 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 director acknowledges his 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 and authorised for issue on 24 September 2024 and were signed on its behalf by
Mr M Steans Director Company Registration No. 04820881
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Sports Installations Limited Notes to the Accounts for the year ended 31 December 2023
1
Statutory information
Sports Installations Limited is a private company, limited by shares, registered in England and Wales, registration number 04820881. The registered office is 28 Loughborough Road, Quorn, Leicestershire, LE12 8DX.
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.
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
25% on a reducing balance basis
Motor vehicles
25% on a reducing balance basis
Fixtures & fittings
15% on a reducing balance basis
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.
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.
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.
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Sports Installations Limited Notes to the Accounts for the year ended 31 December 2023
4
Tangible fixed assets
Plant & machinery 
Computer equipment 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 January 2023
91,879 
403 
92,282 
Disposals
(54,201)
- 
(54,201)
At 31 December 2023
37,678 
403 
38,081 
Depreciation
At 1 January 2023
54,771 
152 
54,923 
Charge for the year
2,618 
38 
2,656 
On disposals
(27,565)
- 
(27,565)
At 31 December 2023
29,824 
190 
30,014 
Net book value
At 31 December 2023
7,854 
213 
8,067 
At 31 December 2022
37,108 
251 
37,359 
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
30,000 
31,022 
Other debtors
184 
- 
30,184 
31,022 
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Bank loans and overdrafts
5,281 
8,920 
VAT
4,807 
3,293 
Trade creditors
168 
170 
Taxes and social security
- 
3,387 
Loans from directors
11,867 
6,780 
Accruals
750 
1,883 
22,873 
24,433 
7
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
32,140 
37,062 
8
Average number of employees
During the year the average number of employees was 1 (2022: 1).
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