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REGISTERED NUMBER: 01477529 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 July 2024

for

Sportshall Markings Limited

Sportshall Markings Limited (Registered number: 01477529)






Contents of the Financial Statements
for the Year Ended 31 July 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Sportshall Markings Limited

Company Information
for the Year Ended 31 July 2024







DIRECTORS: D V Johnston
I J Johnston





REGISTERED OFFICE: 21 Church Road
Parkstone
Poole
Dorset
BH14 8UF





BUSINESS ADDRESS: 43 Thorn Road
West Canford Heath
Poole
Dorset
BH17 9AU





REGISTERED NUMBER: 01477529 (England and Wales)





ACCOUNTANT: Richard Allen & Associates
21 Church Road
Parkstone
Poole
Dorset
BH14 8UF

Sportshall Markings Limited (Registered number: 01477529)

Balance Sheet
31 July 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 42,875 36,738

CURRENT ASSETS
Stocks 4,385 5,135
Debtors 5 42,781 42,814
Cash at bank and in hand 8,443 11,215
55,609 59,164
CREDITORS
Amounts falling due within one year 6 49,855 42,006
NET CURRENT ASSETS 5,754 17,158
TOTAL ASSETS LESS CURRENT
LIABILITIES

48,629

53,896

CREDITORS
Amounts falling due after more than one
year

7

(35,704

)

(30,894

)

PROVISIONS FOR LIABILITIES (8,193 ) (2,465 )
NET ASSETS 4,732 20,537

CAPITAL AND RESERVES
Called up share capital 110 110
Retained earnings 4,622 20,427
SHAREHOLDERS' FUNDS 4,732 20,537

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

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

Sportshall Markings Limited (Registered number: 01477529)

Balance Sheet - continued
31 July 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 3 February 2025 and were signed on its behalf by:





D V Johnston - Director


Sportshall Markings Limited (Registered number: 01477529)

Notes to the Financial Statements
for the Year Ended 31 July 2024

1. STATUTORY INFORMATION

Sportshall Markings 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.

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 measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Land and buildings - 15% on reducing balance and 10% on cost
Plant and machinery etc - 33% on cost, 25% on reducing balance and 20% on reducing balance

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

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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 4 (2023 - 4 ) .

Sportshall Markings Limited (Registered number: 01477529)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2024

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 August 2023 10,792 169,809 180,601
Additions - 20,767 20,767
Disposals - (20,042 ) (20,042 )
At 31 July 2024 10,792 170,534 181,326
DEPRECIATION
At 1 August 2023 10,131 133,732 143,863
Charge for year 99 13,712 13,811
Eliminated on disposal - (19,223 ) (19,223 )
At 31 July 2024 10,230 128,221 138,451
NET BOOK VALUE
At 31 July 2024 562 42,313 42,875
At 31 July 2023 661 36,077 36,738

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and
machinery
etc
£   
COST
At 1 August 2023 28,290
Additions 19,322
At 31 July 2024 47,612
DEPRECIATION
At 1 August 2023 7,073
Charge for year 10,134
At 31 July 2024 17,207
NET BOOK VALUE
At 31 July 2024 30,405
At 31 July 2023 21,217

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 32,124 28,812
Other debtors 10,657 14,002
42,781 42,814

Sportshall Markings Limited (Registered number: 01477529)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2024

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 6,393 3,742
Hire purchase contracts 9,813 4,400
Trade creditors 6,946 9,738
Taxation and social security 13,460 18,121
Other creditors 13,243 6,005
49,855 42,006

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 3,667 7,923
Hire purchase contracts 32,037 22,971
35,704 30,894

8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 July 2024 and 31 July 2023:

2024 2023
£    £   
D V Johnston
Balance outstanding at start of year 9,206 (3,405 )
Amounts advanced 46,643 53,854
Amounts repaid (46,968 ) (41,243 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 8,881 9,206