IRIS Accounts Production v25.1.3.33 11426216 director 1.12.23 30.11.24 30.11.24 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh114262162023-11-30114262162024-11-30114262162023-12-012024-11-30114262162022-11-30114262162022-12-012023-11-30114262162023-11-3011426216ns15:EnglandWales2023-12-012024-11-3011426216ns14:PoundSterling2023-12-012024-11-3011426216ns10:Director12023-12-012024-11-3011426216ns10:PrivateLimitedCompanyLtd2023-12-012024-11-3011426216ns10:SmallEntities2023-12-012024-11-3011426216ns10:AuditExempt-NoAccountantsReport2023-12-012024-11-3011426216ns10:SmallCompaniesRegimeForDirectorsReport2023-12-012024-11-3011426216ns10:SmallCompaniesRegimeForAccounts2023-12-012024-11-3011426216ns10:FullAccounts2023-12-012024-11-3011426216ns10:RegisteredOffice2023-12-012024-11-3011426216ns5:CurrentFinancialInstruments2024-11-3011426216ns5:CurrentFinancialInstruments2023-11-3011426216ns5:Non-currentFinancialInstruments2024-11-3011426216ns5:Non-currentFinancialInstruments2023-11-3011426216ns5:ShareCapital2024-11-3011426216ns5:ShareCapital2023-11-3011426216ns5:RetainedEarningsAccumulatedLosses2024-11-3011426216ns5:RetainedEarningsAccumulatedLosses2023-11-3011426216ns5:LeaseholdImprovements2023-12-012024-11-3011426216ns5:MotorVehicles2023-12-012024-11-3011426216ns5:ComputerEquipment2023-12-012024-11-3011426216ns5:LeaseholdImprovements2023-11-3011426216ns5:MotorVehicles2023-11-3011426216ns5:ComputerEquipment2023-11-3011426216ns5:LeaseholdImprovements2024-11-3011426216ns5:MotorVehicles2024-11-3011426216ns5:ComputerEquipment2024-11-3011426216ns5:LeaseholdImprovements2023-11-3011426216ns5:MotorVehicles2023-11-3011426216ns5:ComputerEquipment2023-11-3011426216ns5:PlantMachineryns5:LeasedAssetsHeldAsLessee2023-12-012024-11-3011426216ns5:PlantMachineryns5:LeasedAssetsHeldAsLessee2024-11-3011426216ns5:WithinOneYearns5:CurrentFinancialInstruments2024-11-3011426216ns5:WithinOneYearns5:CurrentFinancialInstruments2023-11-30
REGISTERED NUMBER: 11426216 (England and Wales)





UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 NOVEMBER 2024

FOR

TB SPORTS LIMITED

TB SPORTS LIMITED (REGISTERED NUMBER: 11426216)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


TB SPORTS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 NOVEMBER 2024







DIRECTOR: T K P Boxer





REGISTERED OFFICE: 869 High Road
London
N12 8QA





REGISTERED NUMBER: 11426216 (England and Wales)





ACCOUNTANTS: AC Partners LLP
Chartered Accountants
869 High Road
London
N12 8QA

TB SPORTS LIMITED (REGISTERED NUMBER: 11426216)

BALANCE SHEET
30 NOVEMBER 2024

2024 2023
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 55,425 26,925

CURRENT ASSETS
Debtors 5 113,824 52,403
Cash at bank 21,013 27,994
134,837 80,397
CREDITORS
Amounts falling due within one year 6 111,732 53,253
NET CURRENT ASSETS 23,105 27,144
TOTAL ASSETS LESS CURRENT LIABILITIES 78,530 54,069

CREDITORS
Amounts falling due after more than one year 7 28,346 9,470
NET ASSETS 50,184 44,599

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 50,084 44,499
50,184 44,599

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

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

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 14 May 2025 and were signed by:





T K P Boxer - Director


TB SPORTS LIMITED (REGISTERED NUMBER: 11426216)

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

1. STATUTORY INFORMATION

TB Sports 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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Improvements to property - 10% on cost
Motor vehicles - 20% on reducing balance
Computer equipment - 25% on cost

TAXATION
Taxation for the year 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 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
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.

3. EMPLOYEES AND DIRECTORS

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

TB SPORTS LIMITED (REGISTERED NUMBER: 11426216)

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

4. TANGIBLE FIXED ASSETS
Improvements
to Motor Computer
property vehicles equipment Totals
£    £    £    £   
COST
At 1 December 2023 38,000 - 1,798 39,798
Additions - 32,950 - 32,950
At 30 November 2024 38,000 32,950 1,798 72,748
DEPRECIATION
At 1 December 2023 11,400 - 1,473 12,873
Charge for year 3,800 487 163 4,450
At 30 November 2024 15,200 487 1,636 17,323
NET BOOK VALUE
At 30 November 2024 22,800 32,463 162 55,425
At 30 November 2023 26,600 - 325 26,925

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and
machinery
etc
£   
COST
Additions 32,950
At 30 November 2024 32,950
DEPRECIATION
Charge for year 487
At 30 November 2024 487
NET BOOK VALUE
At 30 November 2024 32,463

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 21,591 49,830
Other debtors 32,573 2,573
Directors' current accounts 59,660 -
113,824 52,403

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Hire purchase contracts 4,002 -
Trade creditors 128 193
Tax 43,722 34,945
VAT 56,305 9,801
Other loans 6,000 6,000
Directors' current accounts - 814
Accrued expenses 1,575 1,500
111,732 53,253

TB SPORTS LIMITED (REGISTERED NUMBER: 11426216)

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

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Other loans 3,398 9,470
Hire purchase contracts 24,948 -
28,346 9,470

Amounts falling due in more than five years:

Repayable otherwise than by instalments
Other loans 3,398 9,470