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REGISTERED NUMBER: 03842200 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 September 2024

for

Sportsfactory Consulting Limited

Sportsfactory Consulting Limited (Registered number: 03842200)






Contents of the Financial Statements
for the Year Ended 30 September 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Sportsfactory Consulting Limited

Company Information
for the Year Ended 30 September 2024







DIRECTOR: I Burslem





SECRETARY: I Burslem





REGISTERED OFFICE: The Barn
163a Glazebrook Lane
Glazebrook
Warrington
Cheshire
WA3 5AZ





REGISTERED NUMBER: 03842200 (England and Wales)





ACCOUNTANTS: Voisey & Co LLP
Chartered Accountants
8 Winmarleigh Street
Warrington
Cheshire
WA1 1JW

Sportsfactory Consulting Limited (Registered number: 03842200)

Balance Sheet
30 September 2024

30.9.24 30.9.23
Notes £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 414,021 424,925
414,021 424,925

CURRENT ASSETS
Stocks 6 64,051 59,403
Debtors 7 603,628 498,305
Cash at bank and in hand 156,173 257,190
823,852 814,898
CREDITORS
Amounts falling due within one year 8 (891,142 ) (927,576 )
NET CURRENT LIABILITIES (67,290 ) (112,678 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

346,731

312,247

CREDITORS
Amounts falling due after more than one year 9 (45,303 ) (78,053 )
NET ASSETS 301,428 234,194

CAPITAL AND RESERVES
Called up share capital 12 65 65
Share premium 13 164,962 164,962
Revaluation reserve 13 132,431 150,329
Capital redemption reserve 13 35 35
Retained earnings 13 3,935 (81,197 )
SHAREHOLDERS' FUNDS 301,428 234,194

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 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.

Sportsfactory Consulting Limited (Registered number: 03842200)

Balance Sheet - continued
30 September 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 26 November 2024 and were signed by:





I Burslem - Director


Sportsfactory Consulting Limited (Registered number: 03842200)

Notes to the Financial Statements
for the Year Ended 30 September 2024

1. STATUTORY INFORMATION

Sportsfactory Consulting 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 (£).


Monetary amounts in these financial statements shall be rounded to the nearest £.

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.

Significant judgements and estimates
In the application of the company's accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates. The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

The key assumptions concerning the future and other key sources of estimation include uncertainties at the reporting date, which may have a risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next financial periods, are discussed below.

Turnover
Turnover is recognised at the fair value of the consideration received or receivable for sale of goods and/or services in the ordinary nature of business. Turnover is shown net of Value Added Tax.

Intangible assets
Patents are valued at cost less accumulated amortisation. Amortisation is calculated to write off the cost in equal annual instalments over their estimated useful lives.

Websites are valued at cost less accumulated amortisation. Amortisation is calculated to write off the cost in equal annual instalments over their estimated useful life of three years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Land & buildings - 2% on cost
Plant and machinery - 25% on cost and 10% 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.


Sportsfactory Consulting Limited (Registered number: 03842200)

Notes to the Financial Statements - continued
for the Year Ended 30 September 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.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

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.

Sportsfactory Consulting Limited (Registered number: 03842200)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2024

2. ACCOUNTING POLICIES - continued

Cash and cash equivalents
Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with bank, other short-term liquid investments with original maturities of three months or less, and bank overdrafts.

Financial instruments
The company has elected to apply the provisions of Section 11 'Basic Financial Instruments' and Section 12 'Other Financial Instruments Issues' of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's statement of financial position when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the net asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised costs using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Other financial assets
Other financial assets, including investments in equity instruments which are not subsidiaries, associates or joint ventures, are initially measured at fair value, which is normally the transaction price. Such assets are subsequently carried at fair value and the changes in fair value are recognised in profit or loss, except that investments in equity instruments that are not publically traded and whose fair values cannot be measured reliably are measured at cost less impairment.

Employee benefits
The costs of the short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets. The cost of any unused holiday entitlement is recognised in the period in which the employee's services are received. Termination benefits are recognised immediately as an expense when the company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

Equity instruments
Equity instruments issued by the company are recorded at the proceeds received, net of direct issue costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2023 - 7 ) .

Sportsfactory Consulting Limited (Registered number: 03842200)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2024

4. INTANGIBLE FIXED ASSETS
Patents
and Website
licences development Totals
£    £    £   
COST
At 1 October 2023
and 30 September 2024 35,146 9,000 44,146
AMORTISATION
At 1 October 2023
and 30 September 2024 35,146 9,000 44,146
NET BOOK VALUE
At 30 September 2024 - - -
At 30 September 2023 - - -

5. TANGIBLE FIXED ASSETS
Land & Plant and
buildings machinery Totals
£    £    £   
COST
At 1 October 2023 550,000 113,342 663,342
Additions - 1,140 1,140
At 30 September 2024 550,000 114,482 664,482
DEPRECIATION
At 1 October 2023 126,500 111,917 238,417
Charge for year 11,000 1,044 12,044
At 30 September 2024 137,500 112,961 250,461
NET BOOK VALUE
At 30 September 2024 412,500 1,521 414,021
At 30 September 2023 423,500 1,425 424,925

6. STOCKS
30.9.24 30.9.23
£    £   
Stocks 64,051 59,403

Sportsfactory Consulting Limited (Registered number: 03842200)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2024

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.24 30.9.23
£    £   
Trade debtors 595,886 492,146
Prepayments 7,742 6,159
603,628 498,305

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.24 30.9.23
£    £   
Bank loans and overdrafts (see note 10) 37,123 31,427
Trade creditors 791,278 696,434
Tax 23,780 23,777
Social security and other taxes 6,408 6,879
VAT 443 8,748
Other creditors 3,306 4,344
Directors' current accounts 1 1
Accruals and deferred income 28,803 155,966
891,142 927,576

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.9.24 30.9.23
£    £   
Bank loans (see note 10) 45,303 78,053

10. LOANS

An analysis of the maturity of loans is given below:

30.9.24 30.9.23
£    £   
Amounts falling due within one year or on demand:
Bank overdrafts 4,374 -
Bank loans 32,749 31,427
37,123 31,427

Amounts falling due between one and two years:
Bank loans - 1-2 years 30,796 32,749

Amounts falling due between two and five years:
Bank loans - 2-5 years 14,507 45,304

Sportsfactory Consulting Limited (Registered number: 03842200)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2024

11. SECURED DEBTS

The following secured debts are included within creditors:

30.9.24 30.9.23
£    £   
Bank overdraft 4,374 -
Bank loans 78,052 109,480
82,426 109,480

Security for the bank loans has been given to the bank over the assets of the business.

12. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.9.24 30.9.23
value: £    £   
42 A Ordinary £1 42 42
23 B Ordinary £1 23 23
65 65

13. RESERVES
Capital
Retained Share Revaluation redemption
earnings premium reserve reserve Totals
£    £    £    £    £   

At 1 October 2023 (81,197 ) 164,962 150,329 35 234,129
Profit for the year 67,234 67,234
Transfer of realised profit 17,898 - (17,898 ) - -
At 30 September 2024 3,935 164,962 132,431 35 301,363

14. GOING CONCERN

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

The directors have reasonable expectations that the company has adequate resources to continue in operational existence for the foreseeable future. Accordingly the directors continue to adopt the going concern basis in the financial statements.