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REGISTERED NUMBER: 07935401 (England and Wales)




















FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2025

FOR

J L SPORTING LTD

J L SPORTING LTD (REGISTERED NUMBER: 07935401)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2025




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


J L SPORTING LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JANUARY 2025







DIRECTOR: J V S Lee





SECRETARY: Mrs L Lee





REGISTERED OFFICE: The Barn
20 Gentle Street
Horningsham
Warminster
BA12 7LD





REGISTERED NUMBER: 07935401 (England and Wales)





ACCOUNTANTS: PG Owen Limited
Chartered Accountants
21A Market Place
Warminster
Wiltshire
BA12 9AY

J L SPORTING LTD (REGISTERED NUMBER: 07935401)

BALANCE SHEET
31 JANUARY 2025

2025 2024
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 370,322 370,907

CURRENT ASSETS
Debtors 5 158,009 35,951
Cash at bank and in hand 278,629 249,543
436,638 285,494
CREDITORS
Amounts falling due within one year 6 163,274 122,601
NET CURRENT ASSETS 273,364 162,893
TOTAL ASSETS LESS CURRENT
LIABILITIES

643,686

533,800

CREDITORS
Amounts falling due after more than one
year

7

25,833

35,833
NET ASSETS 617,853 497,967

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 617,753 497,867
617,853 497,967

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2025 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.

J L SPORTING LTD (REGISTERED NUMBER: 07935401)

BALANCE SHEET - continued
31 JANUARY 2025


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 31 March 2025 and were signed by:





J V S Lee - Director


J L SPORTING LTD (REGISTERED NUMBER: 07935401)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2025

1. STATUTORY INFORMATION

J L Sporting 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.

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.
Freehold property - 2% on cost
Improvements to property - 20% on cost
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance

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
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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 2 (2024 - 2 ) .

J L SPORTING LTD (REGISTERED NUMBER: 07935401)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2025

4. TANGIBLE FIXED ASSETS
Improvements Fixtures
Freehold to and
property property fittings
£    £    £   
COST
At 1 February 2024 313,835 48,905 61,699
Additions - - 4,233
At 31 January 2025 313,835 48,905 65,932
DEPRECIATION
At 1 February 2024 37,662 48,905 52,070
Charge for year 6,277 - 3,458
At 31 January 2025 43,939 48,905 55,528
NET BOOK VALUE
At 31 January 2025 269,896 - 10,404
At 31 January 2024 276,173 - 9,629

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 February 2024 119,500 7,229 551,168
Additions 34,000 922 39,155
At 31 January 2025 153,500 8,151 590,323
DEPRECIATION
At 1 February 2024 36,348 5,276 180,261
Charge for year 29,288 717 39,740
At 31 January 2025 65,636 5,993 220,001
NET BOOK VALUE
At 31 January 2025 87,864 2,158 370,322
At 31 January 2024 83,152 1,953 370,907

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Trade debtors 142,903 11,741
Prepayments 15,106 24,210
158,009 35,951

J L SPORTING LTD (REGISTERED NUMBER: 07935401)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2025

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Hire purchase contracts 10,000 10,000
Trade creditors 30,742 22,941
Tax 81,995 47,781
Directors' current accounts 40,537 41,879
163,274 122,601

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2025 2024
£    £   
Hire purchase contracts 25,833 35,833