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REGISTERED NUMBER: 04189671 (England and Wales)






















Sports Health Limited

Unaudited Financial Statements for the Year Ended 31st March 2024






Sports Health Limited (Registered number: 04189671)






Contents of the Financial Statements
for the year ended 31st March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Sports Health Limited

Company Information
for the year ended 31st March 2024







DIRECTOR: K Warner





REGISTERED OFFICE: 80-86 Pickering Road
Hull
East Yorkshire
HU4 6TE





REGISTERED NUMBER: 04189671 (England and Wales)





ACCOUNTANTS: Smailes Goldie
Chartered Accountants
Regent's Court
Princess Street
Hull
East Yorkshire HU2 8BA

Sports Health Limited (Registered number: 04189671)

Balance Sheet
31st March 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 473,403 486,738
Investments 5 80,100 80,100
553,503 566,838

CURRENT ASSETS
Debtors 6 110,756 77,668
Cash at bank and in hand 4,327 6,737
115,083 84,405
CREDITORS
Amounts falling due within one year 7 206,809 186,266
NET CURRENT LIABILITIES (91,726 ) (101,861 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

461,777

464,977

CREDITORS
Amounts falling due after more than one
year

8

109,333

121,726
NET ASSETS 352,444 343,251

CAPITAL AND RESERVES
Called up share capital 160,000 160,000
Share premium 45,000 45,000
Retained earnings 147,444 138,251
352,444 343,251

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

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

Sports Health Limited (Registered number: 04189671)

Balance Sheet - continued
31st 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 Profit and Loss Account has not been delivered.

The financial statements were approved by the director and authorised for issue on 27th March 2025 and were signed by:





K Warner - Director


Sports Health Limited (Registered number: 04189671)

Notes to the Financial Statements
for the year ended 31st March 2024

1. STATUTORY INFORMATION

Sports Health 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.
Plant and machinery etc - 33% on cost, 20% on cost, 10% on cost, 4% on cost, Over period of lease and 6.67% on cost

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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 balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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 year 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.

Hire purchase and leasing commitments
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 2 (2023 - 3 ) .

Sports Health Limited (Registered number: 04189671)

Notes to the Financial Statements - continued
for the year ended 31st March 2024

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1st April 2023 898,594
Additions 2,146
At 31st March 2024 900,740
DEPRECIATION
At 1st April 2023 411,856
Charge for year 15,481
At 31st March 2024 427,337
NET BOOK VALUE
At 31st March 2024 473,403
At 31st March 2023 486,738

5. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 1st April 2023
and 31st March 2024 80,100
NET BOOK VALUE
At 31st March 2024 80,100
At 31st March 2023 80,100

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 3,335 7,754
Amounts owed by group undertakings 76,005 39,930
Other debtors 31,416 29,984
110,756 77,668

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 10,225 9,952
Trade creditors 43,029 39,187
Amounts owed to group undertakings 65,669 68,214
Taxation and social security 140 2,662
Other creditors 87,746 66,251
206,809 186,266

Sports Health Limited (Registered number: 04189671)

Notes to the Financial Statements - continued
for the year ended 31st March 2024

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 11,379 22,437
Amounts owed to group undertakings 80,000 80,000
Other creditors 17,954 19,289
109,333 121,726

9. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2024 2023
£    £   
Within one year 15,000 15,000
Between one and five years 60,000 60,000
In more than five years 803,789 818,789
878,789 893,789

10. PENSION COMMITMENTS

The company contributes to employees' private defined contribution pension schemes. The charge for the year in respect of both current and former employees was £181 (2023 £612). The amounts outstanding at the year end was £NIL (2023 £24).

11. RELATED PARTY DISCLOSURES

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Included within Other Creditors; amounts falling due within one year is £29,345 (2023 £23,995) due to Warnershealth Limited, a company under common control.

Included within Other Debtors owed within one year is £8,752 (2023 £8,152) owed from Warners Eastside Limited, a company under common control.

12. ULTIMATE CONTROLLING PARTY

The company is controlled by K Warner by virtue of his 100% shareholding in the company.