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REGISTERED NUMBER: SC691075 (Scotland)









UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 14 JULY 2024

FOR

SIH ( ICE HOCKEY) LIMITED

SIH ( ICE HOCKEY) LIMITED (REGISTERED NUMBER: SC691075)






CONTENTS OF THE FINANCIAL STATEMENTS
for the year ended 14 July 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


SIH ( ICE HOCKEY) LIMITED

COMPANY INFORMATION
for the year ended 14 July 2024







DIRECTORS: S Campbell
J D H Colley
A D Strachan
E Young





REGISTERED OFFICE: Viewforth House
189 Nicol Street
Kirkcaldy
Fife
KY1 1PF





REGISTERED NUMBER: SC691075 (Scotland)





ACCOUNTANTS: Haines Watts
Business Advisors and Accountants
Viewforth House
189 Nicol Street
Kirkcaldy
Fife
KY1 1PF

SIH ( ICE HOCKEY) LIMITED (REGISTERED NUMBER: SC691075)

BALANCE SHEET
14 July 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 7,583 9,829
Tangible assets 5 - 667
7,583 10,496

CURRENT ASSETS
Stocks 1,747 -
Debtors 6 2,227 59,769
Cash at bank 164,417 133,690
168,391 193,459
CREDITORS
Amounts falling due within one year 7 11,129 58,130
NET CURRENT ASSETS 157,262 135,329
TOTAL ASSETS LESS CURRENT
LIABILITIES

164,845

145,825

RESERVES
Income and expenditure account 164,845 145,825
164,845 145,825

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 14 July 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 14 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 surplus or deficit 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.

SIH ( ICE HOCKEY) LIMITED (REGISTERED NUMBER: SC691075)

BALANCE SHEET - continued
14 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 19 February 2025 and were signed on its behalf by:





J D H Colley - Director


SIH ( ICE HOCKEY) LIMITED (REGISTERED NUMBER: SC691075)

NOTES TO THE FINANCIAL STATEMENTS
for the year ended 14 July 2024

1. STATUTORY INFORMATION

SIH ( Ice Hockey) Limited is a private company, limited by guarantee , registered in Scotland. 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 (£).


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 comprises the fair value of the consideration received during the year including registrations, affiliations, coaching and other miscellaneous sources of income. The company recognises revenue on the date of receipt, except for subscriptions and fees received in advance which are recognised in the period the subscription covers.

INTANGIBLE ASSETS
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Computer software is being amortised evenly over its estimated useful life of five years.

TANGIBLE FIXED ASSETS
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.
Computer equipment - 33% per annum on cost

The carrying values of intangible assets are reviewed for impairment on an annual basis.

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

SIH ( ICE HOCKEY) LIMITED (REGISTERED NUMBER: SC691075)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 14 July 2024

2. ACCOUNTING POLICIES - continued

FINANCIAL INSTRUMENTS
The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in non-puttable ordinary shares.

Debt instruments (other than those wholly repayable or receivable within one year), including loans and other accounts receivable and payable, are initially measured at present value of the future cash flows and subsequently at amortised cost using the effective interest method. Debt instruments that are payable or receivable within one year, typically trade debtors and creditors, are measured, initially and subsequently, at the undiscounted amount of the cash or other consideration expected to be paid or received. However, if the arrangements of a short-term instrument constitute a financing transaction, like the payment of a trade debt deferred beyond normal business terms or financed at a rate of interest that is not a market rate or in the case of an out-right short-term loan not at market rate, the financial asset or liability is measured, initially, at the present value of the future cash flow discounted at a market rate of interest for a similar debt instrument and subsequently at amortised cost.

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the Statement of comprehensive income.

For financial assets measured at amortised cost, the impairment loss is measured as the difference between an asset's carrying amount and the present value of estimated cash flows discounted at the asset's original effective interest rate. If a financial asset has a variable interest rate, the discount rate for measuring any impairment loss is the current effective interest rate determined under the contract.

TAXATION
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2023 - 4 ) .

SIH ( ICE HOCKEY) LIMITED (REGISTERED NUMBER: SC691075)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 14 July 2024

4. INTANGIBLE FIXED ASSETS
Computer
software
£   
COST
At 15 July 2023
and 14 July 2024 11,220
AMORTISATION
At 15 July 2023 1,391
Amortisation for year 2,246
At 14 July 2024 3,637
NET BOOK VALUE
At 14 July 2024 7,583
At 14 July 2023 9,829

5. TANGIBLE FIXED ASSETS
Computer
equipment
£   
COST
At 15 July 2023
and 14 July 2024 2,222
DEPRECIATION
At 15 July 2023 1,555
Charge for year 667
At 14 July 2024 2,222
NET BOOK VALUE
At 14 July 2024 -
At 14 July 2023 667

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 2,227 59,769

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Deferred income - 55,191
Accrued expenses 11,129 2,939
11,129 58,130