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REGISTERED NUMBER: 01460420 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 January 2024

for

Bill Upsall (Sports) Limited

Bill Upsall (Sports) Limited (Registered number: 01460420)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Bill Upsall (Sports) Limited

Company Information
for the Year Ended 31 January 2024







DIRECTOR: W A Upsall





SECRETARY:





REGISTERED OFFICE: Charlotte Street
South Shields
Tyne and Wear
NE33 1PX





REGISTERED NUMBER: 01460420 (England and Wales)





ACCOUNTANTS: Grosvenor Business and Accountancy Services Ltd
Unit 214
South Shields Business Works
Henry Robson Way
South Shields
Tyne and Wear
NE33 1RF

Bill Upsall (Sports) Limited (Registered number: 01460420)

Balance Sheet
31 January 2024

31.1.24 31.1.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 577 769

CURRENT ASSETS
Stocks 4,269 4,269
Debtors 5 150 669
Cash at bank and in hand 523 4,275
4,942 9,213
CREDITORS
Amounts falling due within one year 6 62,815 55,857
NET CURRENT LIABILITIES (57,873 ) (46,644 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(57,296

)

(45,875

)

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings (57,396 ) (45,975 )
(57,296 ) (45,875 )

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

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

The director acknowledges his 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.

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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 8 October 2024 and were signed by:





W A Upsall - Director


Bill Upsall (Sports) Limited (Registered number: 01460420)

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

1. STATUTORY INFORMATION

Bill Upsall (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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

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

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

3. EMPLOYEES AND DIRECTORS

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

Bill Upsall (Sports) Limited (Registered number: 01460420)

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

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 February 2023
and 31 January 2024 6,648 34,872 41,520
DEPRECIATION
At 1 February 2023 6,647 34,104 40,751
Charge for year - 192 192
At 31 January 2024 6,647 34,296 40,943
NET BOOK VALUE
At 31 January 2024 1 576 577
At 31 January 2023 1 768 769

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.24 31.1.23
£    £   
Trade debtors - 519
Other debtors 150 150
150 669

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.24 31.1.23
£    £   
Bank loans and overdrafts 917 -
Taxation and social security 963 599
Other creditors 60,935 55,258
62,815 55,857