Saviour Goalkeeping Ltd 10994641 false 2022-11-01 2023-10-31 2023-10-31 The principal activity of the company is the sale of specialised sporting equipment. Digita Accounts Production Advanced 6.30.9574.0 true true 10994641 2022-11-01 2023-10-31 10994641 2023-10-31 10994641 bus:OrdinaryShareClass1 bus:Non-cumulativeNon-redeemableShares 2023-10-31 10994641 core:RetainedEarningsAccumulatedLosses 2023-10-31 10994641 core:ShareCapital 2023-10-31 10994641 core:CurrentFinancialInstruments 2023-10-31 10994641 core:CurrentFinancialInstruments core:WithinOneYear 2023-10-31 10994641 core:Non-currentFinancialInstruments 2023-10-31 10994641 core:Non-currentFinancialInstruments core:AfterOneYear 2023-10-31 10994641 core:OtherResidualIntangibleAssets 2023-10-31 10994641 core:FurnitureFittingsToolsEquipment 2023-10-31 10994641 bus:SmallEntities 2022-11-01 2023-10-31 10994641 bus:AuditExemptWithAccountantsReport 2022-11-01 2023-10-31 10994641 bus:FilletedAccounts 2022-11-01 2023-10-31 10994641 bus:SmallCompaniesRegimeForAccounts 2022-11-01 2023-10-31 10994641 bus:RegisteredOffice 2022-11-01 2023-10-31 10994641 bus:Director1 2022-11-01 2023-10-31 10994641 bus:OrdinaryShareClass1 bus:Non-cumulativeNon-redeemableShares 2022-11-01 2023-10-31 10994641 bus:PrivateLimitedCompanyLtd 2022-11-01 2023-10-31 10994641 core:ComputerSoftware 2022-11-01 2023-10-31 10994641 core:OtherResidualIntangibleAssets 2022-11-01 2023-10-31 10994641 core:FurnitureFittingsToolsEquipment 2022-11-01 2023-10-31 10994641 core:OfficeEquipment 2022-11-01 2023-10-31 10994641 countries:EnglandWales 2022-11-01 2023-10-31 10994641 2022-10-31 10994641 core:OtherResidualIntangibleAssets 2022-10-31 10994641 core:FurnitureFittingsToolsEquipment 2022-10-31 10994641 2021-11-01 2022-10-31 10994641 2022-10-31 10994641 bus:OrdinaryShareClass1 bus:Non-cumulativeNon-redeemableShares 2022-10-31 10994641 core:RetainedEarningsAccumulatedLosses 2022-10-31 10994641 core:ShareCapital 2022-10-31 10994641 core:CurrentFinancialInstruments 2022-10-31 10994641 core:CurrentFinancialInstruments core:WithinOneYear 2022-10-31 10994641 core:Non-currentFinancialInstruments 2022-10-31 10994641 core:Non-currentFinancialInstruments core:AfterOneYear 2022-10-31 10994641 core:OtherResidualIntangibleAssets 2022-10-31 10994641 core:FurnitureFittingsToolsEquipment 2022-10-31 iso4217:GBP xbrli:pure xbrli:shares

Registration number: 10994641

Saviour Goalkeeping Ltd

Annual Report and Unaudited Financial Statements

for the Year Ended 31 October 2023

 

Saviour Goalkeeping Ltd

Contents

Company Information

1

Balance Sheet

2 to 3

Notes to the Unaudited Financial Statements

4 to 10

 

Saviour Goalkeeping Ltd

Company Information

Director

Mr Anthony Di Bernardo

Registered office

166 Old Shoreham Road
Southwick
West Sussex
BN42 4HU

Accountants

Lucraft Hodgson & Dawes LLP
2/4 Ash Lane
Rustington
West Sussex
BN16 3BZ

 

Saviour Goalkeeping Ltd

(Registration number: 10994641)
Balance Sheet as at 31 October 2023

Note

2023
£

2022
£

Fixed assets

 

Intangible assets

4

-

818

Tangible assets

5

-

283

 

-

1,101

Current assets

 

Stocks

6

6,023

8,725

Debtors

7

3,610

3,610

Cash at bank and in hand

 

913

139

 

10,546

12,474

Creditors: Amounts falling due within one year

8

(41,618)

(30,903)

Net current liabilities

 

(31,072)

(18,429)

Total assets less current liabilities

 

(31,072)

(17,328)

Creditors: Amounts falling due after more than one year

8

(12,647)

(12,063)

Net liabilities

 

(43,719)

(29,391)

Capital and reserves

 

Called up share capital

9

1

1

Profit and loss account

(43,720)

(29,392)

Shareholders' deficit

 

(43,719)

(29,391)

For the financial year ending 31 October 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

 

Saviour Goalkeeping Ltd

(Registration number: 10994641)
Balance Sheet as at 31 October 2023

Approved and authorised by the director on 31 October 2024
 

.........................................
Mr Anthony Di Bernardo
Director

 

Saviour Goalkeeping Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2023

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
166 Old Shoreham Road
Southwick
West Sussex
BN42 4HU

These financial statements were authorised for issue by the director on 31 October 2024.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

These financial statements are presented in Sterling, which is also the company's functional currency. The financial statements are rounded to the nearest £1.

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

 

Saviour Goalkeeping Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2023

2

Accounting policies (continued)

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Office equipment

33% straight line

Amortisation

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

Asset class

Amortisation method and rate

Website

33% straight line

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

 

Saviour Goalkeeping Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2023

2

Accounting policies (continued)

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 1 (2022 - 1).

 

Saviour Goalkeeping Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2023

4

Intangible assets

Other intangible assets
 £

Total
£

Cost or valuation

At 1 November 2022

6,169

6,169

At 31 October 2023

6,169

6,169

Amortisation

At 1 November 2022

5,351

5,351

Amortisation charge

818

818

At 31 October 2023

6,169

6,169

Carrying amount

At 31 October 2023

-

-

At 31 October 2022

818

818

 

Saviour Goalkeeping Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2023

5

Tangible assets

Furniture, fittings and equipment
 £

Total
£

Cost or valuation

At 1 November 2022

849

849

At 31 October 2023

849

849

Depreciation

At 1 November 2022

566

566

Charge for the year

283

283

At 31 October 2023

849

849

Carrying amount

At 31 October 2023

-

-

At 31 October 2022

283

283

6

Stocks

2023
£

2022
£

Other inventories

6,023

8,725

6,023

8,725

7

Debtors

Current

2023
£

2022
£

Other debtors

3,610

3,610

 

3,610

3,610

 

Saviour Goalkeeping Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2023

8

Creditors

Creditors: amounts falling due within one year

Note

2023
£

2022
£

Due within one year

 

Loans and borrowings

10

27,976

21,334

Trade creditors

 

-

13

Accruals and deferred income

 

480

420

Other creditors

 

13,162

9,136

 

41,618

30,903

Creditors: amounts falling due after more than one year

Note

2023
£

2022
£

Due after one year

 

Loans and borrowings

10

12,647

12,063

 

12,647

12,063

 

Saviour Goalkeeping Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2023

9

Share capital

Allotted, called up and fully paid shares

 

2023

2022

 

No.

£

No.

£

Ordinary shares of £0.01 each

100

1

100

1

         

10

Loans and borrowings

2023
£

2022
£

Non-current loans and borrowings

Bank borrowings

12,647

12,063

12,647

12,063

2023
£

2022
£

Current loans and borrowings

Bank borrowings

323

1,885

Bank overdrafts

-

111

Other borrowings

27,653

19,338

27,976

21,334