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REGISTERED NUMBER: 00301335 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 January 2024

for

JOHN MOORE(SPORTS)LIMITED

JOHN MOORE(SPORTS)LIMITED (REGISTERED NUMBER: 00301335)






Contents of the Financial Statements
for the year ended 31 January 2024




Page

Company Information 1

Chartered Accountants' Report 2

Balance Sheet 3

Notes to the Financial Statements 5


JOHN MOORE(SPORTS)LIMITED

Company Information
for the year ended 31 January 2024







DIRECTORS: R J Moore
L Moore





SECRETARY: R J Moore





REGISTERED OFFICE: 2 Argyle Street
Bath
BA2 4BE





REGISTERED NUMBER: 00301335 (England and Wales)





ACCOUNTANTS: Richardson Swift
Chartered Accountants
11 Laura Place
Bath
BA2 4BL

Chartered Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
John Moore(Sports)limited

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of John Moore(Sports)limited for the year ended 31 January 2024 which comprise the Income Statement, Balance Sheet, Statement of Changes in Equity and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of John Moore(Sports)limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of John Moore(Sports)limited and state those matters that we have agreed to state to the Board of Directors of John Moore(Sports)limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than John Moore(Sports)limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that John Moore(Sports)limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of John Moore(Sports)limited. You consider that John Moore(Sports)limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of John Moore(Sports)limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Richardson Swift
Chartered Accountants
11 Laura Place
Bath
BA2 4BL


25 October 2024

JOHN MOORE(SPORTS)LIMITED (REGISTERED NUMBER: 00301335)

Balance Sheet
31 January 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,135,091 1,148,899

CURRENT ASSETS
Stocks 682,847 708,318
Debtors 5 33,947 48,499
Investments 6 2,000 2,000
Cash at bank and in hand 24,643 24,019
743,437 782,836
CREDITORS
Amounts falling due within one year 7 834,974 890,942
NET CURRENT LIABILITIES (91,537 ) (108,106 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,043,554

1,040,793

CREDITORS
Amounts falling due after more than one
year

8

(332,135

)

(372,884

)

PROVISIONS FOR LIABILITIES 10 (12,439 ) (15,794 )
NET ASSETS 698,980 652,115

CAPITAL AND RESERVES
Called up share capital 11 2,662 2,662
Capital redemption reserve 1,669 1,669
Other reserves 15,000 15,000
Retained earnings 679,649 632,784
SHAREHOLDERS' FUNDS 698,980 652,115

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.

JOHN MOORE(SPORTS)LIMITED (REGISTERED NUMBER: 00301335)

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 Income Statement 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:





R J Moore - Director


JOHN MOORE(SPORTS)LIMITED (REGISTERED NUMBER: 00301335)

Notes to the Financial Statements
for the year ended 31 January 2024

1. STATUTORY INFORMATION

John Moore(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 represents net invoiced sales of sports goods, excluding value added tax. Turnover is recognised when goods are dispatched.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.
Freehold property - Straight line over 50 years
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% 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.

Financial instruments
The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other debtors, loans from banks and other third parties.

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the income statement.

For financial assets measured at amortised cost, the impairment loss is measured as the difference between an assets carrying amount and the present value of estimated cash flows discounted at the assets original effective interest rate determined under the contract.

For financial assets measured at cost less impairment, the impairment loss is measured as the difference between an assets carrying amount and the best estimate, which is an approximation, of the amount the company would receive for the asset if it were to be sold at the reporting date.

Financial assets and liabilities are offset and the net amount reported in the balance sheet when there is an enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

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.


JOHN MOORE(SPORTS)LIMITED (REGISTERED NUMBER: 00301335)

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.

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 30 (2023 - 33 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Freehold Long and Motor
property leasehold fittings vehicles Totals
£    £    £    £    £   
COST
At 1 February 2023 1,083,907 18,891 413,626 23,995 1,540,419
Additions - - 2,441 - 2,441
At 31 January 2024 1,083,907 18,891 416,067 23,995 1,542,860
DEPRECIATION
At 1 February 2023 - 15,244 364,091 12,185 391,520
Charge for year - 912 12,385 2,952 16,249
At 31 January 2024 - 16,156 376,476 15,137 407,769
NET BOOK VALUE
At 31 January 2024 1,083,907 2,735 39,591 8,858 1,135,091
At 31 January 2023 1,083,907 3,647 49,535 11,810 1,148,899

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 28,110 39,515
Other debtors 5,837 8,984
33,947 48,499

JOHN MOORE(SPORTS)LIMITED (REGISTERED NUMBER: 00301335)

Notes to the Financial Statements - continued
for the year ended 31 January 2024

6. CURRENT ASSET INVESTMENTS
2024 2023
£    £   
Unlisted investments 2,000 2,000

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 45,432 49,863
Trade creditors 102,815 152,695
Taxation and social security 157,717 147,003
Other creditors 529,010 541,381
834,974 890,942

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 332,135 372,884

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more than 5 years
by instalments 140,872 148,074
140,872 148,074

9. SECURED DEBTS

National Westminster Bank PLC has a fixed and floating charge over the undertaking and all property and assets present and future, including goodwill, uncalled capital, building, fixtures, fixed plant and machinery.

10. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax 12,439 15,794

Deferred
tax
£   
Balance at 1 February 2023 15,794
Accelerated capital allowances (3,355 )
Balance at 31 January 2024 12,439

JOHN MOORE(SPORTS)LIMITED (REGISTERED NUMBER: 00301335)

Notes to the Financial Statements - continued
for the year ended 31 January 2024

11. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
2,662 Ordinary £1 2,662 2,662

12. CRITICAL ACCOUNTING JUDGEMENTS AND KEY SOURCES OF ESTIMATION UNCERTAINTY

A key estimate made by the directors in preparing these financial statements is the closing value of stock to reflect reductions to the net realisable value of slow moving or obsolete items. No other significant judgements or key assumptions have had to be made by the directors in preparing these financial statements