Acorah Software Products - Accounts Production 16.1.300 false true 31 January 2024 1 January 2023 false 1 February 2024 31 January 2025 31 January 2025 13084081 Mr Brian Butt Mr Benjamin Butt Mr Samuel Butt iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 13084081 2024-01-31 13084081 2025-01-31 13084081 2024-02-01 2025-01-31 13084081 frs-core:CurrentFinancialInstruments 2025-01-31 13084081 frs-core:FurnitureFittings 2025-01-31 13084081 frs-core:FurnitureFittings 2024-02-01 2025-01-31 13084081 frs-core:FurnitureFittings 2024-01-31 13084081 frs-core:NetGoodwill 2025-01-31 13084081 frs-core:NetGoodwill 2024-02-01 2025-01-31 13084081 frs-core:NetGoodwill 2024-01-31 13084081 frs-core:MotorVehicles 2025-01-31 13084081 frs-core:MotorVehicles 2024-02-01 2025-01-31 13084081 frs-core:MotorVehicles 2024-01-31 13084081 frs-core:PlantMachinery 2025-01-31 13084081 frs-core:PlantMachinery 2024-02-01 2025-01-31 13084081 frs-core:PlantMachinery 2024-01-31 13084081 frs-core:SharePremium 2025-01-31 13084081 frs-core:ShareCapital 2025-01-31 13084081 frs-core:RetainedEarningsAccumulatedLosses 2025-01-31 13084081 frs-bus:PrivateLimitedCompanyLtd 2024-02-01 2025-01-31 13084081 frs-bus:FilletedAccounts 2024-02-01 2025-01-31 13084081 frs-bus:SmallEntities 2024-02-01 2025-01-31 13084081 frs-bus:AuditExempt-NoAccountantsReport 2024-02-01 2025-01-31 13084081 frs-bus:SmallCompaniesRegimeForAccounts 2024-02-01 2025-01-31 13084081 frs-bus:Director1 2024-02-01 2025-01-31 13084081 frs-bus:Director2 2024-02-01 2025-01-31 13084081 frs-bus:Director3 2024-02-01 2025-01-31 13084081 frs-countries:EnglandWales 2024-02-01 2025-01-31 13084081 2022-12-31 13084081 2024-01-31 13084081 2023-01-01 2024-01-31 13084081 frs-core:CurrentFinancialInstruments 2024-01-31 13084081 frs-core:SharePremium 2024-01-31 13084081 frs-core:ShareCapital 2024-01-31 13084081 frs-core:RetainedEarningsAccumulatedLosses 2024-01-31
Registered number: 13084081
BB Sports Distributors (incorporating Team Direct) Limited
Unaudited Financial Statements
For The Year Ended 31 January 2025
Stuart J Tucker & Co
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 13084081
31 January 2025 31 January 2024
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 377,945 425,188
Tangible Assets 5 39,685 46,108
417,630 471,296
CURRENT ASSETS
Stocks 6 628,420 558,798
Debtors 7 410,809 352,802
Cash at bank and in hand 818,960 696,169
1,858,189 1,607,769
Creditors: Amounts Falling Due Within One Year 8 (579,595 ) (628,170 )
NET CURRENT ASSETS (LIABILITIES) 1,278,594 979,599
TOTAL ASSETS LESS CURRENT LIABILITIES 1,696,224 1,450,895
NET ASSETS 1,696,224 1,450,895
CAPITAL AND RESERVES
Called up share capital 9 200,100 200,100
Share premium account 1,017,076 1,017,076
Profit and Loss Account 479,048 233,719
SHAREHOLDERS' FUNDS 1,696,224 1,450,895
Page 1
Page 2
For the year ending 31 January 2025 the company was entitled to exemption from audit 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 company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Brian Butt
Director
20 March 2025
The notes on pages 3 to 5 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
BB Sports Distributors (incorporating Team Direct) Limited is a private company, limited by shares, incorporated in England & Wales, registered number 13084081 . The registered office is Unit 29a Apple Lane, Sowton Industrial Estate, Exeter, EX2 7HA.
The company commenced trading on 1 February 2023.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. 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 is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Intangible Fixed Assets and Amortisation - Goodwill
Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is amortised to profit and loss account over its estimated economic life of 10 years.
2.4. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Plant & Machinery 10% Reducing balance
Motor Vehicles 25% Reducing Balance
Fixtures & Fittings 10% Reducing Balance
2.5. Stocks and Work in Progress
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 stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
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2.6. Foreign Currencies
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 7 (2024: 7)
7 7
4. Intangible Assets
Goodwill
£
Cost
As at 1 February 2024 472,431
As at 31 January 2025 472,431
Amortisation
As at 1 February 2024 47,243
Provided during the period 47,243
As at 31 January 2025 94,486
Net Book Value
As at 31 January 2025 377,945
As at 1 February 2024 425,188
10
5. Tangible Assets
Plant & Machinery Motor Vehicles Fixtures & Fittings Total
£ £ £ £
Cost
As at 1 February 2024 35,229 16,103 2,582 53,914
As at 31 January 2025 35,229 16,103 2,582 53,914
Depreciation
As at 1 February 2024 3,523 4,025 258 7,806
Provided during the period 3,172 3,019 232 6,423
As at 31 January 2025 6,695 7,044 490 14,229
Net Book Value
As at 31 January 2025 28,534 9,059 2,092 39,685
As at 1 February 2024 31,706 12,078 2,324 46,108
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6. Stocks
31 January 2025 31 January 2024
£ £
Stock 628,420 558,798
7. Debtors
31 January 2025 31 January 2024
£ £
Due within one year
Trade debtors 404,380 335,439
Prepayments and accrued income 5,357 5,561
VAT 1,072 11,802
410,809 352,802
8. Creditors: Amounts Falling Due Within One Year
31 January 2025 31 January 2024
£ £
Trade creditors 219,089 261,512
Corporation tax 99,436 91,908
Directors' loan accounts 261,070 274,750
579,595 628,170
9. Share Capital
31 January 2025 31 January 2024
£ £
Allotted, Called up and fully paid 200,100 200,100
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