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REGISTERED NUMBER: 10806082 (England and Wales)












Unaudited Financial Statements

for the Period 1 April 2023 to 30 March 2024

for

NAR SPORTS LTD

NAR SPORTS LTD (Registered number: 10806082)






Contents of the Financial Statements
for the period 1 April 2023 to 30 March 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


NAR SPORTS LTD

Company Information
for the period 1 April 2023 to 30 March 2024







DIRECTOR: A Beasley





REGISTERED OFFICE: 40 Berkeley Crescent
Wistaston
Crewe
CW2 6QB





REGISTERED NUMBER: 10806082 (England and Wales)





ACCOUNTANTS: Banks Sheridan
Datum House
Electra Way
Crewe
Cheshire
CW1 6ZF

NAR SPORTS LTD (Registered number: 10806082)

Statement of Financial Position
30 March 2024

2024 2023
Notes £    £   
FIXED ASSETS
Tangible assets 5 51,910 1,871

CURRENT ASSETS
Debtors 6 22,754 22,306
Cash at bank 4 4
22,758 22,310
CREDITORS
Amounts falling due within one year 7 (31,345 ) (20,139 )
NET CURRENT (LIABILITIES)/ASSETS (8,587 ) 2,171
TOTAL ASSETS LESS CURRENT
LIABILITIES

43,323

4,042

CREDITORS
Amounts falling due after more than one
year

8

(45,028

)

(4,011

)
NET (LIABILITIES)/ASSETS (1,705 ) 31

CAPITAL AND RESERVES
Called up share capital 10 10
Retained earnings (1,715 ) 21
(1,705 ) 31

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 30 March 2024.

The members have not required the company to obtain an audit of its financial statements for the period ended 30 March 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

NAR SPORTS LTD (Registered number: 10806082)

Statement of Financial Position - continued
30 March 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 director and authorised for issue on 17 March 2025 and were signed by:





A Beasley - Director


NAR SPORTS LTD (Registered number: 10806082)

Notes to the Financial Statements
for the period 1 April 2023 to 30 March 2024

1. STATUTORY INFORMATION

NAR SPORTS LTD 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. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

The principal accounting policies applied in the preparation of these financial statements are set out below.

These policies have been consistently applied to all years presented, unless otherwise stated.

Basis of preparation
The financial statements are prepared on the going concern basis under the historical cost convention and comply with the United Kingdom Accounting Standards and Companies Act 2006.

Going concern
No other material uncertainties that may cast significant doubt about the ability of the company to continue as a going concern have been identified by the director.

On this basis the director considers it appropriate to prepare the financial statements on the going concern basis

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.
Plant and machinery - 25% on reducing balance

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

Current or deferred 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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the period end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

NAR SPORTS LTD (Registered number: 10806082)

Notes to the Financial Statements - continued
for the period 1 April 2023 to 30 March 2024

3. ACCOUNTING POLICIES - continued

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.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 1 (2023 - 1 ) .

5. TANGIBLE FIXED ASSETS
Plant and Motor
machinery vehicles Totals
£    £    £   
COST
At 1 April 2023 5,000 - 5,000
Additions - 59,592 59,592
At 30 March 2024 5,000 59,592 64,592
DEPRECIATION
At 1 April 2023 3,129 - 3,129
Charge for period 468 9,085 9,553
At 30 March 2024 3,597 9,085 12,682
NET BOOK VALUE
At 30 March 2024 1,403 50,507 51,910
At 31 March 2023 1,871 - 1,871

Fixed assets, included in the above, which are held under finance leases are as follows:
Motor
vehicles
£   
COST
Additions 59,592
At 30 March 2024 59,592
DEPRECIATION
Charge for period 9,085
At 30 March 2024 9,085
NET BOOK VALUE
At 30 March 2024 50,507

NAR SPORTS LTD (Registered number: 10806082)

Notes to the Financial Statements - continued
for the period 1 April 2023 to 30 March 2024

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 15,000 -
Other debtors 7,754 22,306
22,754 22,306

Amounts due from related parties are interest free and repayable on demand.

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 3,361 5,654
Finance leases 8,386 -
Trade creditors 1,164 -
Taxation and social security 16,934 13,155
Other creditors 1,500 1,330
31,345 20,139

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 2,907 4,011
Finance leases 42,121 -
45,028 4,011

9. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the periods ended 30 March 2024 and 31 March 2023:

2024 2023
£    £   
A Beasley
Balance outstanding at start of period 11,708 2,026
Amounts advanced 2,541 27,182
Amounts repaid (2,112 ) (17,500 )
Amounts written off (12,000 ) -
Amounts waived - -
Balance outstanding at end of period 137 11,708