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Registered Number: 05637546
England and Wales

 

 

 

SPORTING DESIGNS LTD



Unaudited Financial Statements
 


Period of accounts

Start date: 01 January 2024

End date: 31 December 2024
 
 
Notes
 
2024
£
  2023
£
Fixed assets      
Tangible fixed assets 3 12,385    702 
12,385    702 
Current assets      
Stocks 4 5,520    7,110 
Debtors 5 14,080    856 
Cash at bank and in hand 47,289    37,850 
66,889    45,816 
Creditors: amount falling due within one year 6 (22,126)   (9,530)
Net current assets 44,763    36,286 
 
Total assets less current liabilities 57,148    36,988 
Net assets 57,148    36,988 
 

Capital and reserves
     
Called up share capital 7 1,000    1,000 
Profit and loss account 56,148    35,988 
Shareholders' funds 57,148    36,988 
 


For the year ended 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:
  1. The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
  2. The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
These 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 to the Registrar of Companies.
The financial statements were approved by the director on 09 June 2025 and were signed by:


-------------------------------
Paul Girdham
Director
1
General Information
Sporting Designs Ltd is a private company, limited by shares, registered in England and Wales, registration number 05637546, registration address One Barkers Field, Long Clawson, Leicestershire, LE14 4PL.

The presentation currency is £ sterling.
1.

Accounting policies

Significant accounting policies
Statement of compliance
These financial statements have been prepared in compliance with FRS 102 – The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
Basis of preparation
The financial statements have been prepared under the historical cost convention as modified by the revaluation of land and buildings and certain financial instruments measured at fair value in accordance with the accounting policies.
The financial statements are prepared in sterling which is the functional currency of the company.
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Taxation
Taxation represents the sum of tax currently payable and deferred tax. Tax is recognised in the statement of income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves.
The company’s liability for current tax is calculated using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Current and deferred tax assets and liabilities are not discounted
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Plant and Machinery 25% Reducing Balance
Stocks
Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.
2.

Average number of employees

Average number of employees during the year was 0 (2023 : 0).
3.

Tangible fixed assets

Cost or valuation Plant and Machinery   Total
  £   £
At 01 January 2024 12,327    12,327 
Additions 15,812    15,812 
Disposals  
At 31 December 2024 28,139    28,139 
Depreciation
At 01 January 2024 11,625    11,625 
Charge for year 4,129    4,129 
On disposals  
At 31 December 2024 15,754    15,754 
Net book values
Closing balance as at 31 December 2024 12,385    12,385 
Opening balance as at 01 January 2024 702    702 


4.

Stocks

2024
£
  2023
£
Stocks 5,520    7,110 
5,520    7,110 

5.

Debtors: amounts falling due within one year

2024
£
  2023
£
Trade Debtors   856 
Other Debtors 14,080   
14,080    856 

6.

Creditors: amount falling due within one year

2024
£
  2023
£
Trade Creditors 1,000    4,536 
Taxation and Social Security 1,988    3,836 
Other Creditors 19,138    1,158 
22,126    9,530 

7.

Share Capital

Allotted, called up and fully paid
2024
£
  2023
£
1,000 Class A shares of £1.00 each 1,000    1,000 
1,000    1,000 

2