DESIGN FOR SPORT DEVELOPMENTS LTD

Company Registration Number:
07114134 (England and Wales)

Unaudited statutory accounts for the year ended 30 April 2024

Period of accounts

Start date: 1 May 2023

End date: 30 April 2024

DESIGN FOR SPORT DEVELOPMENTS LTD

Contents of the Financial Statements

for the Period Ended 30 April 2024

Balance sheet
Additional notes
Balance sheet notes

DESIGN FOR SPORT DEVELOPMENTS LTD

Balance sheet

As at 30 April 2024

Notes 2024 2023


£

£
Fixed assets
Tangible assets: 3 653,559 44,876
Total fixed assets: 653,559 44,876
Current assets
Stocks: 4 292,139 286,043
Debtors: 5 352,189 414,151
Cash at bank and in hand: 846,023 677,521
Total current assets: 1,490,351 1,377,715
Creditors: amounts falling due within one year: 6 ( 735,933 ) ( 563,436 )
Net current assets (liabilities): 754,418 814,279
Total assets less current liabilities: 1,407,977 859,155
Creditors: amounts falling due after more than one year: 7 ( 285,672 ) ( 16,505 )
Provision for liabilities: ( 96,184 ) ( 14,964 )
Total net assets (liabilities): 1,026,121 827,686
Capital and reserves
Called up share capital: 217 217
Share premium account: 104,982 104,982
Other reserves: 21 21
Profit and loss account: 920,901 722,466
Total Shareholders' funds: 1,026,121 827,686

The notes form part of these financial statements

DESIGN FOR SPORT DEVELOPMENTS LTD

Balance sheet statements

For the year ending 30 April 2024 the company was entitled to exemption 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.

The directors have chosen not to file a copy of the company's profit and loss account.

This report was approved by the board of directors on 22 January 2025
and signed on behalf of the board by:

Name: Mr Simon Heap
Status: Director

The notes form part of these financial statements

DESIGN FOR SPORT DEVELOPMENTS LTD

Notes to the Financial Statements

for the Period Ended 30 April 2024

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

DESIGN FOR SPORT DEVELOPMENTS LTD

Notes to the Financial Statements

for the Period Ended 30 April 2024

  • 2. Employees

    2024 2023
    Average number of employees during the period 30 18

DESIGN FOR SPORT DEVELOPMENTS LTD

Notes to the Financial Statements

for the Period Ended 30 April 2024

3. Tangible assets

Land & buildings Plant & machinery Fixtures & fittings Office equipment Motor vehicles Total
Cost £ £ £ £ £ £
At 1 May 2023 4,310 13,448 30,649 27,959 76,366
Additions 593,057 2,947 17,579 19,999 633,582
Disposals ( 1,943 ) ( 1,943 )
Revaluations
Transfers
At 30 April 2024 597,367 14,452 48,228 47,958 708,005
Depreciation
At 1 May 2023 2,155 4,872 16,163 8,300 31,490
Charge for year 8,338 895 4,613 9,498 23,344
On disposals ( 388 ) ( 388 )
Other adjustments
At 30 April 2024 10,493 5,379 20,776 17,798 54,446
Net book value
At 30 April 2024 586,874 9,073 27,452 30,160 653,559
At 30 April 2023 2,155 8,576 14,486 19,659 44,876

DESIGN FOR SPORT DEVELOPMENTS LTD

Notes to the Financial Statements

for the Period Ended 30 April 2024

4. Stocks

2024 2023
£ £
Stocks 292,139 286,043
Total 292,139 286,043

DESIGN FOR SPORT DEVELOPMENTS LTD

Notes to the Financial Statements

for the Period Ended 30 April 2024

5. Debtors

2024 2023
£ £
Trade debtors 112,650 188,427
Prepayments and accrued income 63,615 45,669
Other debtors 175,924 180,055
Total 352,189 414,151

DESIGN FOR SPORT DEVELOPMENTS LTD

Notes to the Financial Statements

for the Period Ended 30 April 2024

6. Creditors: amounts falling due within one year note

2024 2023
£ £
Bank loans and overdrafts 16,613 6,755
Trade creditors 226,062 140,080
Taxation and social security 89,278 101,722
Accruals and deferred income 86,822 70,975
Other creditors 317,158 243,904
Total 735,933 563,436

DESIGN FOR SPORT DEVELOPMENTS LTD

Notes to the Financial Statements

for the Period Ended 30 April 2024

7. Creditors: amounts falling due after more than one year note

2024 2023
£ £
Bank loans and overdrafts 285,672 16,505
Total 285,672 16,505

DESIGN FOR SPORT DEVELOPMENTS LTD

Notes to the Financial Statements

for the Period Ended 30 April 2024

8. Loans to directors

Name of director receiving advance or credit: A Director
Description of the transaction:
Advance
£
Balance at 30 April 2023 62,494
Advances or credits made: 6,620
Advances or credits repaid:
Balance at 30 April 2024 69,114