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REGISTERED NUMBER: 07562120 (England and Wales)












Unaudited Financial Statements

for the Year Ended 31 August 2024

for

Sportsmode Limited
Trading as
'Swift Automatic Doors And
Security'

Sportsmode Limited (Registered number: 07562120)
Trading as 'Swift Automatic Doors And
Security'






Contents of the Financial Statements
for the Year Ended 31 August 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Sportsmode Limited
Trading as 'Swift Automatic Doors And
Security'

Company Information
for the Year Ended 31 August 2024







DIRECTOR: P R Dowse





REGISTERED OFFICE: 2 Castle Business Village
Station Road
Hampton
Middlesex
TW12 2BX





REGISTERED NUMBER: 07562120 (England and Wales)





ACCOUNTANTS: PB Associates
Chartered Accountants and Chartered Tax Advisers
2 Castle Business Village
Station Road
Hampton
Middlesex
TW12 2BX

Sportsmode Limited (Registered number: 07562120)
Trading as 'Swift Automatic Doors And
Security'

Balance Sheet
31 August 2024

31.8.24 31.8.23
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 71,016 70,105

CURRENT ASSETS
Stocks 5 33,506 4,451
Debtors 6 217,686 90,431
Cash at bank and in hand 151,840 137,290
403,032 232,172
CREDITORS
Amounts falling due within one year 7 93,501 48,523
NET CURRENT ASSETS 309,531 183,649
TOTAL ASSETS LESS CURRENT
LIABILITIES

380,547

253,754

CAPITAL AND RESERVES
Called up share capital 8 100 100
Retained earnings 380,447 253,654
SHAREHOLDERS' FUNDS 380,547 253,754

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

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

Sportsmode Limited (Registered number: 07562120)
Trading as 'Swift Automatic Doors And
Security'

Balance Sheet - continued
31 August 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 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:





P R Dowse - Director


Sportsmode Limited (Registered number: 07562120)
Trading as 'Swift Automatic Doors And
Security'

Notes to the Financial Statements
for the Year Ended 31 August 2024

1. STATUTORY INFORMATION

Sportsmode 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.

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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.


Sportsmode Limited (Registered number: 07562120)
Trading as 'Swift Automatic Doors And
Security'

Notes to the Financial Statements - continued
for the Year Ended 31 August 2024

2. ACCOUNTING POLICIES - continued
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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2023 - 4 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 September 2023 21,372 15,161 105,326 5,582 147,441
Additions 13,607 - - - 13,607
At 31 August 2024 34,979 15,161 105,326 5,582 161,048
DEPRECIATION
At 1 September 2023 8,610 6,257 59,656 2,813 77,336
Charge for year 3,956 1,336 6,850 554 12,696
At 31 August 2024 12,566 7,593 66,506 3,367 90,032
NET BOOK VALUE
At 31 August 2024 22,413 7,568 38,820 2,215 71,016
At 31 August 2023 12,762 8,904 45,670 2,769 70,105

Sportsmode Limited (Registered number: 07562120)
Trading as 'Swift Automatic Doors And
Security'

Notes to the Financial Statements - continued
for the Year Ended 31 August 2024

5. STOCKS
31.8.24 31.8.23
£    £   
Work-in-progress 33,506 4,451

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.24 31.8.23
£    £   
Trade debtors 179,225 86,027
Other debtors 38,461 4,404
217,686 90,431

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.24 31.8.23
£    £   
Trade creditors 3,988 7,829
Directors loan account (5,203 ) 229
Corporation tax 65,475 18,293
Social security and other taxes 5,193 2,917
VAT 20,748 18,014
Other creditors - (2,059 )
Accruals and deferred income 3,300 3,300
93,501 48,523

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.8.24 31.8.23
value: £    £   
100 Ordinary £1 Shares £1 100 100