Company Registration No. NI604529 (Northern Ireland)
Performa Sports Ltd
Unaudited accounts
for the year ended 30 September 2024
Performa Sports Ltd
Unaudited accounts
Contents
Performa Sports Ltd
Company Information
for the year ended 30 September 2024
Directors
Danny Turley
Joseph Turley
Company Number
NI604529 (Northern Ireland)
Registered Office
87 DRUMNACANVY ROAD
PORTADOWN
CO ARMAGH
BT63 5LY
Accountants
Nuvem 9 Ltd
The Mount Business Centre
Woodstock Link
Belfast
County Antrim
BT6 8DD
Performa Sports Ltd
Statement of financial position
as at 30 September 2024
Intangible assets
269,460
269,460
Tangible assets
42,315
29,910
Cash at bank and in hand
17,989
39,169
Creditors: amounts falling due within one year
(70,669)
(54,821)
Net current liabilities
(41,966)
(4,772)
Total assets less current liabilities
269,809
294,598
Creditors: amounts falling due after more than one year
(35,049)
(35,822)
Net assets
234,760
258,776
Called up share capital
3,299
3,299
Share premium
521,807
521,807
Profit and loss account
(290,346)
(266,330)
Shareholders' funds
234,760
258,776
For the year ending 30 September 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 14 January 2025 and were signed on its behalf by
Danny Turley
Director
Company Registration No. NI604529
Performa Sports Ltd
Notes to the Accounts
for the year ended 30 September 2024
Performa Sports Ltd is a private company, limited by shares, registered in Northern Ireland, registration number NI604529. The registered office is 87 DRUMNACANVY ROAD, PORTADOWN, CO ARMAGH, BT63 5LY.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Intangible fixed assets (including purchased goodwill and patents) are amortised at rates calculated to write off the assets on a straight basis over their estimated useful economic lives. Impairment of intangible fixed assets is only reviewed where circumstances indicate that the carrying value of an asset may not be fully recoverable.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
10% Reducing Balance
4
Intangible fixed assets
Other
At 30 September 2024
269,460
At 30 September 2024
269,460
At 30 September 2023
269,460
Performa Sports Ltd
Notes to the Accounts
for the year ended 30 September 2024
5
Tangible fixed assets
Motor vehicles
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At 1 October 2023
18,650
41,250
59,900
At 30 September 2024
37,333
41,250
78,583
At 1 October 2023
6,037
23,953
29,990
Charge for the year
4,173
2,105
6,278
At 30 September 2024
10,210
26,058
36,268
At 30 September 2024
27,123
15,192
42,315
At 30 September 2023
12,613
17,297
29,910
Amounts falling due within one year
Trade debtors
10,010
7,120
Accrued income and prepayments
104
260
7
Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
11,224
8,654
Trade creditors
2,350
2,499
Taxes and social security
3,108
(9,586)
Deferred income
40,295
41,938
8
Creditors: amounts falling due after more than one year
2024
2023
9
Average number of employees
During the year the average number of employees was 5 (2023: 4).