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Registered Number: 10905098
England and Wales

 

 

 

SPORT USA LIMITED


Unaudited Financial Statements
 


Period of accounts

Start date: 01 September 2023

End date: 31 August 2024
 
 
Notes
 
2024
£
  2023
£
Current assets      
Debtors 3 26,583    41,432 
Cash at bank and in hand 5,388    3,793 
31,971    45,225 
Creditors: amount falling due within one year 4 (6,781)   (1,405)
Net current assets 25,190    43,820 
 
Total assets less current liabilities 25,190    43,820 
Creditors: amount falling due after more than one year 5 (42,919)   (48,634)
Net assets (17,729)   (4,814)
 

Capital and reserves
     
Called up share capital 100    100 
Profit and loss account (17,829)   (4,914)
Shareholders' funds (17,729)   (4,814)
 


For the year ended 31 August 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:
  1. The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
  2. The director acknowledges their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
These 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 to the Registrar of Companies.
The financial statements were approved by the director on 22 April 2025 and were signed by:


-------------------------------
Ralph Ashley Clarke
Director
1
General Information
Sport USA Limited is a private company, limited by shares, registered in England and Wales, registration number 10905098, registration address 6 Stanilands, Whissendine, Rutland, LE15 7HR.

The presentation currency is £ sterling.
1.

Accounting policies

Significant accounting policies
Statement of compliance
These financial statements have been prepared in compliance with FRS 102 – The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
Basis of preparation
The financial statements have been prepared under the historical cost convention as modified by the revaluation of land and buildings and certain financial instruments measured at fair value in accordance with the accounting policies.
The financial statements are prepared in sterling which is the functional currency of the company.
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Foreign currencies
Monetary assets and liabilities denominated in foreign currencies are translated into sterling at the rate of exchange ruling at the statement of financial position date. Transactions in foreign currencies are recorded at the rate ruling at the date of the transaction. All foreign exchange differences are included to the income statement.
Taxation
Taxation represents the sum of tax currently payable and deferred tax. Tax is recognised in the statement of income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves.
The company’s liability for current tax is calculated using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Current and deferred tax assets and liabilities are not discounted
2.

Average number of employees

Average number of employees during the year was 1 (2023 : 1).
3.

Debtors: amounts falling due within one year

2024
£
  2023
£
Trade Debtors 26,183    14,095 
Other Debtors 400    400 
26,583    14,495 

3.

Debtors: amounts falling due after one year

2024
£
  2023
£
Other Debtors   26,937 
  26,937 

4.

Creditors: amount falling due within one year

2024
£
  2023
£
Other Creditors 6,781    1,405 
6,781    1,405 

5.

Creditors: amount falling due after more than one year

2024
£
  2023
£
Bank Loans & Overdrafts 42,919    48,634 
42,919    48,634 

2