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REGISTERED NUMBER: 04641887 (England and Wales)







Unaudited Financial Statements for the Year Ended 31 January 2024

for

The Sports Shop (South West) Limited

The Sports Shop (South West) Limited (Registered number: 04641887)






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

Chartered Accountants' Report 7

The Sports Shop (South West) Limited

Company Information
for the Year Ended 31 January 2024







DIRECTOR: Mr M C N Hill





SECRETARY: Mrs J Hill





REGISTERED OFFICE: Woodlands Grange
Woodlands Lane
Bradley Stoke
Bristol
BS32 4JY





REGISTERED NUMBER: 04641887 (England and Wales)





ACCOUNTANTS: Dunkley's
Woodlands Grange
Woodlands Lane
Bradley Stoke
Bristol
United Kingdom
BS32 4JY

The Sports Shop (South West) Limited (Registered number: 04641887)

Balance Sheet
31 January 2024

31.1.24 31.1.23
Notes £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 348 647
348 647

CURRENT ASSETS
Stocks 172,964 183,895
Debtors 6 7,060 8,448
Cash at bank and in hand 101,116 97,038
281,140 289,381
CREDITORS
Amounts falling due within one year 7 (95,892 ) (105,462 )
NET CURRENT ASSETS 185,248 183,919
TOTAL ASSETS LESS CURRENT LIABILITIES 185,596 184,566

PROVISIONS FOR LIABILITIES (66 ) (123 )
NET ASSETS 185,530 184,443

CAPITAL AND RESERVES
Called up share capital 8 100 100
Retained earnings 9 185,430 184,343
SHAREHOLDERS' FUNDS 185,530 184,443

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 Sports Shop (South West) Limited (Registered number: 04641887)

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 director and authorised for issue on 31 October 2024 and were signed by:





Mr M C N Hill - Director


The Sports Shop (South West) Limited (Registered number: 04641887)

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

1. STATUTORY INFORMATION

The Sports Shop (South West) 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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2003, is being amortised evenly over its estimated useful life of ten years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

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 cost

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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2023 - 5 ) .

The Sports Shop (South West) Limited (Registered number: 04641887)

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

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 February 2023
and 31 January 2024 13,000
AMORTISATION
At 1 February 2023
and 31 January 2024 13,000
NET BOOK VALUE
At 31 January 2024 -
At 31 January 2023 -

5. TANGIBLE FIXED ASSETS
Plant and
machinery
£   
COST
At 1 February 2023
and 31 January 2024 4,369
DEPRECIATION
At 1 February 2023 3,722
Charge for year 299
At 31 January 2024 4,021
NET BOOK VALUE
At 31 January 2024 348
At 31 January 2023 647

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.24 31.1.23
£    £   
Tax 59 506
Prepayments 7,001 7,942
7,060 8,448

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.24 31.1.23
£    £   
Tax 1,692 12,101
VAT 1,488 1,490
Other creditors 1,873 -
Directors' current accounts 89,724 90,652
Accrued expenses 1,115 1,219
95,892 105,462

The Sports Shop (South West) Limited (Registered number: 04641887)

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

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.1.24 31.1.23
value: £    £   
100 Ordinary A £1 100 100

9. RESERVES
Retained
earnings
£   

At 1 February 2023 184,343
Profit for the year 3,087
Dividends (2,000 )
At 31 January 2024 185,430

10. OTHER FINANCIAL COMMITMENTS

At 31 January 2024, the company had total commitments under non-cancellable operating leases over the remaining life of the rental lease of £235,083 (2023: £266,083).

Chartered Accountants' Report to the Director
on the Unaudited Financial Statements of
The Sports Shop (South West) Limited

The following reproduces the text of the report prepared for the director 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 Director 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 The Sports Shop (South West) Limited for the year ended 31 January 2024 which comprise the Income Statement, Balance Sheet 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 director of The Sports Shop (South West) Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of The Sports Shop (South West) Limited and state those matters that we have agreed to state to the director of The Sports Shop (South West) Limited 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 The Sports Shop (South West) Limited and its director for our work or for this report.

It is your duty to ensure that The Sports Shop (South West) 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 The Sports Shop (South West) Limited. You consider that The Sports Shop (South West) 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 The Sports Shop (South West) 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.






Dunkley's
Woodlands Grange
Woodlands Lane
Bradley Stoke
Bristol
United Kingdom
BS32 4JY


31 October 2024