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REGISTERED NUMBER: 05998994 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 December 2024

for

Foams 4 Sports Ltd

Foams 4 Sports Ltd (Registered number: 05998994)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Foams 4 Sports Ltd

Company Information
for the Year Ended 31 December 2024







Directors: Mr D Burrows
Mr C D Burrows
Mr A Horrocks





Registered office: Library Chambers
48 Union Street
Hyde
Cheshire
SK14 1ND





Registered number: 05998994 (England and Wales)





Accountants: Allen Mills Howard & Co
Library Chambers
48 Union Street
Hyde
Cheshire
SK14 1ND

Foams 4 Sports Ltd (Registered number: 05998994)

Balance Sheet
31 December 2024

2024 2023
Notes £    £    £   
Fixed assets
Intangible assets 4 - -
Tangible assets 5 194,362 97,089
Investments 6 525,644 363,343
720,006 460,432

Current assets
Stocks 415,706 400,447
Debtors 7 231,355 252,333
Cash at bank and in hand 833,412 651,871
1,480,473 1,304,651
Creditors
Amounts falling due within one year 8 766,728 667,934
Net current assets 713,745 636,717
Total assets less current liabilities 1,433,751 1,097,149

Creditors
Amounts falling due after more than one
year

9

(39,572

)

-

Provisions for liabilities (48,591 ) (18,304 )
Net assets 1,345,588 1,078,845

Capital and reserves
Called up share capital 10 676 676
Capital redemption reserve (130,876 ) (130,876 )
Retained earnings 1,475,788 1,209,045
Shareholders' funds 1,345,588 1,078,845

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

Foams 4 Sports Ltd (Registered number: 05998994)

Balance Sheet - continued
31 December 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 Board of Directors and authorised for issue on 16 May 2025 and were signed on its behalf by:





Mr D Burrows - Director


Foams 4 Sports Ltd (Registered number: 05998994)

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

1. Statutory information

Foams 4 Sports Ltd 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 as modified by the revaluation of certain assets.

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

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Improvements to property - 50% on cost
Plant and machinery - 15% on cost
Fixtures and fittings - 15% on cost
Motor vehicles - 25% on cost
Computer equipment - 25% on cost

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

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 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.


Foams 4 Sports Ltd (Registered number: 05998994)

Notes to the Financial Statements - continued
for the Year Ended 31 December 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.

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 29 (2023 - 30 ) .

4. Intangible fixed assets
Goodwill
£   
Cost
At 1 January 2024
and 31 December 2024 28,100
Amortisation
At 1 January 2024
and 31 December 2024 28,100
Net book value
At 31 December 2024 -
At 31 December 2023 -

Foams 4 Sports Ltd (Registered number: 05998994)

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

5. Tangible fixed assets
Improvements Fixtures
to Plant and and
property machinery fittings
£    £    £   
Cost
At 1 January 2024 53,737 274,927 63,295
Additions - 139,620 696
At 31 December 2024 53,737 414,547 63,991
Depreciation
At 1 January 2024 52,987 194,304 58,716
Charge for year 750 43,416 2,118
At 31 December 2024 53,737 237,720 60,834
Net book value
At 31 December 2024 - 176,827 3,157
At 31 December 2023 750 80,623 4,579

Motor Computer
vehicles equipment Totals
£    £    £   
Cost
At 1 January 2024 23,645 18,014 433,618
Additions - 10,326 150,642
At 31 December 2024 23,645 28,340 584,260
Depreciation
At 1 January 2024 23,645 6,877 336,529
Charge for year - 7,085 53,369
At 31 December 2024 23,645 13,962 389,898
Net book value
At 31 December 2024 - 14,378 194,362
At 31 December 2023 - 11,137 97,089

Foams 4 Sports Ltd (Registered number: 05998994)

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

6. Fixed asset investments
Listed
investments
£   
Cost or valuation
At 1 January 2024 363,343
Additions 162,301
At 31 December 2024 525,644
Net book value
At 31 December 2024 525,644
At 31 December 2023 363,343

Cost or valuation at 31 December 2024 is represented by:

Listed
investments
£   
Valuation in 2024 525,644

7. Debtors: amounts falling due within one year
2024 2023
£    £   
Trade debtors 205,781 198,132
Other debtors 25,574 54,201
231,355 252,333

8. Creditors: amounts falling due within one year
2024 2023
£    £   
Bank loans and overdrafts 297 20
Hire purchase contracts 22,428 -
Trade creditors 305,065 251,175
Taxation and social security 415,752 332,144
Other creditors 23,186 84,595
766,728 667,934

9. Creditors: amounts falling due after more than one year
2024 2023
£    £   
Hire purchase contracts 22,572 -
Other creditors 17,000 -
39,572 -

Foams 4 Sports Ltd (Registered number: 05998994)

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

10. Called up share capital

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
76 A Ordinary £1 76 76
100 B Ordinary £1 100 100
100 C Ordinary £1 100 100
100 E Ordinary £1 100 100
50 F Ordinary £1 50 100
100 G Ordinary £1 100 100
100 H Ordinary £1 100 100
50 I Ordinary £1 50 -
676 676