SPORT TECH DIRECT LIMITED

Company Registration Number:
09405992 (England and Wales)

Unaudited abridged accounts for the year ended 31 January 2024

Period of accounts

Start date: 01 February 2023

End date: 31 January 2024

SPORT TECH DIRECT LIMITED

Contents of the Financial Statements

for the Period Ended 31 January 2024

Balance sheet
Notes

SPORT TECH DIRECT LIMITED

Balance sheet

As at 31 January 2024


Notes

2024

2023


£

£
Fixed assets
Tangible assets: 3 361 481
Total fixed assets: 361 481
Current assets
Stocks: 410,661 183,742
Debtors:   198,990 441,566
Cash at bank and in hand: 863,952 1,003,216
Total current assets: 1,473,603 1,628,524
Creditors: amounts falling due within one year:   (334,215) (606,237)
Net current assets (liabilities): 1,139,388 1,022,287
Total assets less current liabilities: 1,139,749 1,022,768
Total net assets (liabilities): 1,139,749 1,022,768
Capital and reserves
Called up share capital: 2 2
Profit and loss account: 1,139,747 1,022,766
Shareholders funds: 1,139,749 1,022,768

The notes form part of these financial statements

SPORT TECH DIRECT LIMITED

Balance sheet statements

For the year ending 31 January 2024 the company was entitled to exemption 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.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 12 April 2024
and signed on behalf of the board by:

Name: M Haberfield
Status: Director

The notes form part of these financial statements

SPORT TECH DIRECT LIMITED

Notes to the Financial Statements

for the Period Ended 31 January 2024

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

Turnover policy

Turnover represents the total amount receivable by the company in respect of goods and services supplied during the period exclusive of value added tax.

Tangible fixed assets and depreciation policy

Depreciation is calculated, after taking account of any grants receivable, on the fixed assets in use at the end of the financial year at 25% based on written down value.

Valuation and information policy

Stock is valued at the lower of cost or net realisable value based on cost incurred in bringing each product to its present location and condition on a first in first out basis. Stock valuation at the year end is based on the stock count performed by the Director.

SPORT TECH DIRECT LIMITED

Notes to the Financial Statements

for the Period Ended 31 January 2024

2. Employees

2024 2023
Average number of employees during the period 2 2

SPORT TECH DIRECT LIMITED

Notes to the Financial Statements

for the Period Ended 31 January 2024

3. Tangible Assets

Total
Cost £
At 01 February 2023 2,849
At 31 January 2024 2,849
Depreciation
At 01 February 2023 2,368
Charge for year 120
At 31 January 2024 2,488
Net book value
At 31 January 2024 361
At 31 January 2023 481