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REGISTERED NUMBER: 05992689 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2024

FOR

G.D. SPORTS & LEISURE LIMITED

G.D. SPORTS & LEISURE LIMITED (REGISTERED NUMBER: 05992689)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


G.D. SPORTS & LEISURE LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JANUARY 2024







DIRECTORS: Mrs W Drage
Ms L M Drage
M D Drage





REGISTERED OFFICE: Atlantic House
Falklands Close
Canley
Coventry
CV4 8AU





REGISTERED NUMBER: 05992689 (England and Wales)





ACCOUNTANTS: Walker Thompson Ltd
Accountants and Registered Auditors
Empress House
43A Binley Road
Coventry
CV3 1HU

G.D. SPORTS & LEISURE LIMITED (REGISTERED NUMBER: 05992689)

BALANCE SHEET
31 JANUARY 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 137,938 68,617
137,938 68,617

CURRENT ASSETS
Stocks 213,921 203,593
Debtors 6 389,605 558,175
Investments 7 216,700 205,190
Cash at bank and in hand 563,132 417,657
1,383,358 1,384,615
CREDITORS
Amounts falling due within one year 8 518,318 499,470
NET CURRENT ASSETS 865,040 885,145
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,002,978

953,762

PROVISIONS FOR LIABILITIES 14,799 9,112
NET ASSETS 988,179 944,650

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 988,079 944,550
SHAREHOLDERS' FUNDS 988,179 944,650

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 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.

G.D. SPORTS & LEISURE LIMITED (REGISTERED NUMBER: 05992689)

BALANCE SHEET - continued
31 JANUARY 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 25 October 2024 and were signed on its behalf by:





Mrs W Drage - Director


G.D. SPORTS & LEISURE LIMITED (REGISTERED NUMBER: 05992689)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024

1. STATUTORY INFORMATION

G.D. Sports & Leisure 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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 represents net invoiced sales, excluding value added tax and is recognised at the point of invoice to the customer in respect of goods and services supplied during the year.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2008, is being amortised evenly over its estimated useful life of four years.

Intellectual property
The company's intellectual property which it acquired with the trade is being amortised evenly over its estimated useful life of four years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 15% on cost
Motor vehicles - 25% on reducing balance
Computer Equipment - Straight line over 3 years

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 Statement of Income and Retained Earnings, 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.


G.D. SPORTS & LEISURE LIMITED (REGISTERED NUMBER: 05992689)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2024

2. ACCOUNTING POLICIES - continued
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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Any assets used by the company under contract lease terms are written off to the profit & loss account on a cash basis.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 13 (2023 - 11 ) .

4. INTANGIBLE FIXED ASSETS
Other
intangible
Goodwill assets Totals
£    £    £   
COST
At 1 February 2023
and 31 January 2024 5,000 5,000 10,000
AMORTISATION
At 1 February 2023
and 31 January 2024 5,000 5,000 10,000
NET BOOK VALUE
At 31 January 2024 - - -
At 31 January 2023 - - -

G.D. SPORTS & LEISURE LIMITED (REGISTERED NUMBER: 05992689)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2024

5. TANGIBLE FIXED ASSETS
Fixtures
Freehold Plant and and
property machinery fittings
£    £    £   
COST
At 1 February 2023 - 150 13,333
Additions 66,240 - -
Disposals - - -
At 31 January 2024 66,240 150 13,333
DEPRECIATION
At 1 February 2023 - 150 10,562
Charge for year - - 416
Eliminated on disposal - - -
At 31 January 2024 - 150 10,978
NET BOOK VALUE
At 31 January 2024 66,240 - 2,355
At 31 January 2023 - - 2,771

Motor Computer
vehicles Equipment Totals
£    £    £   
COST
At 1 February 2023 116,909 34,425 164,817
Additions 20,995 9,801 97,036
Disposals (14,829 ) - (14,829 )
At 31 January 2024 123,075 44,226 247,024
DEPRECIATION
At 1 February 2023 52,194 33,294 96,200
Charge for year 20,768 3,892 25,076
Eliminated on disposal (12,190 ) - (12,190 )
At 31 January 2024 60,772 37,186 109,086
NET BOOK VALUE
At 31 January 2024 62,303 7,040 137,938
At 31 January 2023 64,715 1,131 68,617

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 337,819 518,509
Other debtors 49,485 33,049
Prepayments 2,301 6,617
389,605 558,175

G.D. SPORTS & LEISURE LIMITED (REGISTERED NUMBER: 05992689)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2024

7. CURRENT ASSET INVESTMENTS
2024 2023
£    £   
Listed investments 216,700 205,190

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 31 -
Trade creditors 291,087 216,842
Tax 32,622 26,109
Social security and other taxes - 8,218
VAT 86,917 136,527
Other creditors 101,447 102,224
Directors' loan 114 1,468
Accrued expenses 6,100 8,082
518,318 499,470