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REGISTERED NUMBER: 05689254 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024

FOR

SPORT & PLAY LIMITED

SPORT & PLAY LIMITED (REGISTERED NUMBER: 05689254)

CONTENTS OF THE FINANCIAL STATEMENTS
for the year ended 31 March 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Chartered Accountants' Report 7

SPORT & PLAY LIMITED

COMPANY INFORMATION
for the year ended 31 March 2024







DIRECTORS: M Cullingford
M Wood
J Westbrook





SECRETARY: M Cullingford





REGISTERED OFFICE: First Floor Offices, Nelson House
122 - 126 High Street
Uckfield
East Sussex
TN22 1PX





REGISTERED NUMBER: 05689254 (England and Wales)





ACCOUNTANTS: BSR Bespoke Chartered Accountants
Linden House
Linden Close
Tunbridge Wells
Kent
TN4 8HH

SPORT & PLAY LIMITED (REGISTERED NUMBER: 05689254)

BALANCE SHEET
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 155,181 105,025
Investments 5 1,050 1,050
156,231 106,075

CURRENT ASSETS
Stocks 18,340 17,840
Debtors 6 632,078 599,549
Cash at bank 267,169 142,824
917,587 760,213
CREDITORS
Amounts falling due within one year 7 567,176 460,474
NET CURRENT ASSETS 350,411 299,739
TOTAL ASSETS LESS CURRENT
LIABILITIES

506,642

405,814

CREDITORS
Amounts falling due after more than one
year

8

12,236

22,441
NET ASSETS 494,406 383,373

CAPITAL AND RESERVES
Called up share capital 1,250 1,250
Retained earnings 493,156 382,123
SHAREHOLDERS' FUNDS 494,406 383,373

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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.

SPORT & PLAY LIMITED (REGISTERED NUMBER: 05689254)

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





M Cullingford - Director


SPORT & PLAY LIMITED (REGISTERED NUMBER: 05689254)

NOTES TO THE FINANCIAL STATEMENTS
for the year ended 31 March 2024


1. STATUTORY INFORMATION

Sport & Play 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 is recognised when it is probable that future economic benefits will flow to the company from the provision of construction contracts and is measured as the fair value of consideration which the company expects to receive from those transactions. Turnover is recognised as control of the goods is passed over to the customer. Where the normal criteria for the recognition of turnover are not met or are varied, then turnover is recognised at the point when control has passed to the customer which could be when legal title has passed to the customer or when the business has a right to payment such as on completion of work or when cash payment has been made to the company.

When the outcome of a construction contract can be estimated reliably, contract turnover and associated expenditure are recognised by reference to the stage of completion of the contract at the reporting date.

When the outcome of a construction contract cannot be estimated reliably, contract turnover shall only be recognised to the extent of the amount of associated expenditure incurred and it is probable that the contract turnover will be recoverable.

Provision will be made for all losses arising from a construction contract where it is probable that current and future contract expenditure exceeds contract turnover.

Turnover is recognised net of returns and of trade discounts and is shown exclusive of value added tax.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Short leasehold - Straight line over 10 years
Plant and machinery - 25% on cost
Fixtures and fittings - 25% on cost
Motor vehicles - 25% on cost

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.


SPORT & PLAY LIMITED (REGISTERED NUMBER: 05689254)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 March 2024


2. ACCOUNTING POLICIES - continued
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.

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 22 (2023 - 20 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Short Plant and and Motor
leasehold machinery fittings vehicles Totals
£    £    £    £    £   
COST
At 1 April 2023 25,345 28,449 42,043 154,546 250,383
Additions - - 207 131,539 131,746
Disposals - - - (19,999 ) (19,999 )
At 31 March 2024 25,345 28,449 42,250 266,086 362,130
DEPRECIATION
At 1 April 2023 2,535 23,454 40,778 78,591 145,358
Charge for year 2,534 2,026 511 66,520 71,591
Eliminated on disposal - - - (10,000 ) (10,000 )
At 31 March 2024 5,069 25,480 41,289 135,111 206,949
NET BOOK VALUE
At 31 March 2024 20,276 2,969 961 130,975 155,181
At 31 March 2023 22,810 4,995 1,265 75,955 105,025

SPORT & PLAY LIMITED (REGISTERED NUMBER: 05689254)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 March 2024


5. FIXED ASSET INVESTMENTS
Shares in
group
undertaking
£   
COST
At 1 April 2023
and 31 March 2024 1,050
NET BOOK VALUE
At 31 March 2024 1,050
At 31 March 2023 1,050

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade debtors 488,006 578,632
Amounts owed by group undertakings 647 647
Other debtors 143,425 20,270
632,078 599,549

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Bank loans and overdrafts 10,204 9,952
Hire purchase contracts - 22,393
Trade creditors 170,417 185,124
Taxation and social security 209,157 178,403
Other creditors 177,398 64,602
567,176 460,474

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.24 31.3.23
£    £   
Bank loans 12,236 22,441

9. ULTIMATE CONTROLLING PARTY

The controlling party is M Cullingford.

CHARTERED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS
ON THE UNAUDITED FINANCIAL STATEMENTS OF
SPORT & PLAY 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 Sport & Play Limited for the year ended 31 March 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 Sport & Play 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 Sport & Play Limited and state those matters that we have agreed to state to the Board of Directors of Sport & Play 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 Sport & Play Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Sport & Play 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 Sport & Play Limited. You consider that Sport & Play 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 Sport & Play 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.






BSR Bespoke Chartered Accountants
Linden House
Linden Close
Tunbridge Wells
Kent
TN4 8HH


1 November 2024