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REGISTERED NUMBER: 08106652 (England and Wales)















F1RSTPOINT SPORTSWEAR LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED

30 SEPTEMBER 2024






F1RSTPOINT SPORTSWEAR LIMITED (REGISTERED NUMBER: 08106652)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


F1RSTPOINT SPORTSWEAR LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 SEPTEMBER 2024







DIRECTOR: Mr B Dobb





REGISTERED OFFICE: 35-37 Kingsway
Kirkby-in-Ashfield
Nottinghamshire
NG17 7DR





REGISTERED NUMBER: 08106652 (England and Wales)





ACCOUNTANTS: Killicks Limited
35/37 Kingsway
Kirkby in Ashfield
Nottinghamshire
NG17 7DR

F1RSTPOINT SPORTSWEAR LIMITED (REGISTERED NUMBER: 08106652)

BALANCE SHEET
30 SEPTEMBER 2024

2024 2023
Notes £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 4,877 6,097
Investments 6 968 -
5,845 6,097

CURRENT ASSETS
Stocks 20,000 30,000
Debtors 7 694 9,106
Cash at bank 68,708 25,614
89,402 64,720
CREDITORS
Amounts falling due within one year 8 73,147 44,021
NET CURRENT ASSETS 16,255 20,699
TOTAL ASSETS LESS CURRENT
LIABILITIES

22,100

26,796

CREDITORS
Amounts falling due after more than one
year

9

(1,550

)

(6,066

)

PROVISIONS FOR LIABILITIES (927 ) (1,200 )
NET ASSETS 19,623 19,530

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 19,622 19,529
SHAREHOLDERS' FUNDS 19,623 19,530

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 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.

F1RSTPOINT SPORTSWEAR LIMITED (REGISTERED NUMBER: 08106652)

BALANCE SHEET - continued
30 SEPTEMBER 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 director and authorised for issue on 29 April 2025 and were signed by:





Mr B Dobb - Director


F1RSTPOINT SPORTSWEAR LIMITED (REGISTERED NUMBER: 08106652)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

1. STATUTORY INFORMATION

F1rstpoint Sportswear 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.

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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2014, 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 each asset over its estimated useful life.
Fixtures and fittings - 20% on reducing balance
Computer equipment - 33% on cost

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

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 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.

F1RSTPOINT SPORTSWEAR LIMITED (REGISTERED NUMBER: 08106652)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2024

2. ACCOUNTING POLICIES - continued

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2023 - 3 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 October 2023
and 30 September 2024 15,000
AMORTISATION
At 1 October 2023
and 30 September 2024 15,000
NET BOOK VALUE
At 30 September 2024 -
At 30 September 2023 -

5. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 October 2023
and 30 September 2024 18,806 3,500 22,306
DEPRECIATION
At 1 October 2023 12,709 3,500 16,209
Charge for year 1,220 - 1,220
At 30 September 2024 13,929 3,500 17,429
NET BOOK VALUE
At 30 September 2024 4,877 - 4,877
At 30 September 2023 6,097 - 6,097

F1RSTPOINT SPORTSWEAR LIMITED (REGISTERED NUMBER: 08106652)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2024

6. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
Additions 968
At 30 September 2024 968
NET BOOK VALUE
At 30 September 2024 968

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 694 9,106

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 1,616 2,500
Trade creditors 55,810 26,147
Taxation and social security 6,502 6,060
Other creditors 9,219 9,314
73,147 44,021

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans - 2,116
Other creditors 1,550 3,950
1,550 6,066