Registered number
06587398
LSR Sports Limited
Filleted Accounts
30 June 2024
LSR Sports Limited
Registered number: 06587398
Balance Sheet
as at 30 June 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 3 3
Current assets
Debtors 4 290,752 195,373
Cash at bank and in hand 41,169 23,569
331,921 218,942
Creditors: amounts falling due within one year 5 (260,481) (152,796)
Total assest less current liabilities 71,440 66,146
Total assets less current liabilities 71,443 66,149
Creditors: amounts falling due after more than one year 6 (19,332) (18,132)
Net assets 52,111 48,017
Capital and reserves
Called up share capital 29,000 29,000
Profit and loss account 23,111 19,017
Shareholders' funds 52,111 48,017
Average number of employees 1 4
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
L.S.Rogers
Director
Approved by the board on 19 February 2025
LSR Sports Limited
Notes to the Accounts
for the year ended 30 June 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Computer Equipment over 4 years
Fixtures, fittings, tools and equipment over 4 years
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 1 4
3 Tangible fixed assets
Computer Equipment etc
£
Cost
At 1 July 2023 3
At 30 June 2024 3
Depreciation
At 30 June 2024 -
Net book value
At 30 June 2024 3
At 30 June 2023 3
4 Debtors 2024 2023
£ £
Trade debtors 281,892 163,603
VAT recoverable 1,477 144
Other debtors 7,383 31,626
290,752 195,373
5 Creditors: amounts falling due within one year 2024 2023
£ £
Bank loans and overdrafts 10,800 12,000
Trade creditors 14,283 22,460
Loan accounts 101,165 104,434
Taxation and social security costs 6,016 (343)
Other creditors 128,217 14,245
260,481 152,796
6 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 19,332 18,132
7 Other information
LSR Sports Limited is a private company limited by shares and incorporated in England. Its registered office is:
167-169 Great Portland Street
5th Floor
London
W1W 5PF
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