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REGISTERED NUMBER: 04262092 (England and Wales)














Unaudited Financial Statements

For The Year Ended 31st December 2024

for

Allisport Limited

Allisport Limited (Registered number: 04262092)






Contents of the Financial Statements
For The Year Ended 31st December 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Chartered Certified Accountants' Report 8

Allisport Limited

Company Information
For The Year Ended 31st December 2024







DIRECTOR: A S Graham





SECRETARY: Mrs A H Graham





REGISTERED OFFICE: Aubrey Farm
Bromsberrow Estate
Ledbury
Herefordshire
HR8 1RZ





REGISTERED NUMBER: 04262092 (England and Wales)





ACCOUNTANTS: Wildin (Accountants & Auditors) Ltd
Kings Buildings
Lydney
Gloucestershire
GL15 5HE

Allisport Limited (Registered number: 04262092)

Balance Sheet
31st December 2024

31.12.24 31.12.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 136,028 154,087

CURRENT ASSETS
Stocks 5 393,919 290,136
Debtors 6 56,398 35,965
Cash at bank 116,274 219,188
566,591 545,289
CREDITORS
Amounts falling due within one year 7 103,206 109,578
NET CURRENT ASSETS 463,385 435,711
TOTAL ASSETS LESS CURRENT
LIABILITIES

599,413

589,798

CREDITORS
Amounts falling due after more than one
year

8

(14,417

)

(24,593

)

PROVISIONS FOR LIABILITIES 11 (21,056 ) (21,582 )
NET ASSETS 563,940 543,623

CAPITAL AND RESERVES
Called up share capital 12 2 2
Retained earnings 13 563,938 543,621
SHAREHOLDERS' FUNDS 563,940 543,623

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

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

Allisport Limited (Registered number: 04262092)

Balance Sheet - continued
31st 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 Income Statement has not been delivered.

The financial statements were approved and authorised for issue by the director and authorised for issue on 16th May 2025 and were signed by:





A S Graham - Director


Allisport Limited (Registered number: 04262092)

Notes to the Financial Statements
For The Year Ended 31st December 2024

1. STATUTORY INFORMATION

Allisport 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.
Improvements to property - 10% on cost
Plant and machinery - 15% on reducing balance
Office Equipment - 25% on reducing balance
Motor vehicles - 25% on 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.

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.

Allisport Limited (Registered number: 04262092)

Notes to the Financial Statements - continued
For The Year Ended 31st December 2024

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 12 (2023 - 12 ) .

4. TANGIBLE FIXED ASSETS
Improvements
to Plant and Office
property machinery Equipment
£    £    £   
COST
At 1st January 2024 85,473 128,578 11,699
Additions 4,552 3,580 7,426
At 31st December 2024 90,025 132,158 19,125
DEPRECIATION
At 1st January 2024 45,614 91,656 7,954
Charge for year 7,835 6,037 1,315
At 31st December 2024 53,449 97,693 9,269
NET BOOK VALUE
At 31st December 2024 36,576 34,465 9,856
At 31st December 2023 39,859 36,922 3,745

Motor
vehicles Website Totals
£    £    £   
COST
At 1st January 2024 95,491 18,018 339,259
Additions - - 15,558
At 31st December 2024 95,491 18,018 354,817
DEPRECIATION
At 1st January 2024 24,105 15,843 185,172
Charge for year 17,847 583 33,617
At 31st December 2024 41,952 16,426 218,789
NET BOOK VALUE
At 31st December 2024 53,539 1,592 136,028
At 31st December 2023 71,386 2,175 154,087

5. STOCKS
31.12.24 31.12.23
£    £   
Stocks 393,919 290,136

Allisport Limited (Registered number: 04262092)

Notes to the Financial Statements - continued
For The Year Ended 31st December 2024

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.24 31.12.23
£    £   
Trade debtors 44,965 35,965
VAT 6,546 -
Prepayments 4,887 -
56,398 35,965

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.24 31.12.23
£    £   
Trade creditors 69,894 63,500
Tax 15,452 20,961
Social security and other taxes 11,335 11,222
VAT - 1,225
Directors' current accounts 908 6,307
Accrued expenses 5,617 6,363
103,206 109,578

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.12.24 31.12.23
£    £   
Bank loans (see note 9) 14,417 24,593

Amounts falling due in more than five years:

Repayable by instalments
Lloyds TSB Bank Loan 14,417 24,593

9. LOANS

An analysis of the maturity of loans is given below:

31.12.24 31.12.23
£    £   
Amounts falling due in more than five years:
Repayable by instalments
Lloyds TSB Bank Loan 14,417 24,593

10. SECURED DEBTS

The following secured debts are included within creditors:

31.12.24 31.12.23
£    £   
Bank loans 14,417 24,593

Allisport Limited (Registered number: 04262092)

Notes to the Financial Statements - continued
For The Year Ended 31st December 2024

11. PROVISIONS FOR LIABILITIES
31.12.24 31.12.23
£    £   
Deferred tax 21,056 21,582

Deferred
tax
£   
Balance at 1st January 2024 21,582
Credit to Income Statement during year (526 )
Balance at 31st December 2024 21,056

12. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.12.24 31.12.23
value: £    £   
2 Ordinary £1 2 2

13. RESERVES
Retained
earnings
£   

At 1st January 2024 543,621
Profit for the year 52,317
Dividends (32,000 )
At 31st December 2024 563,938

14. ULTIMATE CONTROLLING PARTY

The controlling party is A S Graham.

Chartered Certified Accountants' Report to the Director
on the Unaudited Financial Statements of
Allisport Limited

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Allisport Limited for the year ended 31st December 2024 which comprise the Income Statement, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/rulebook.

This report is made solely to the director of Allisport Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Allisport Limited and state those matters that we have agreed to state to the director of Allisport Limited in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at
https://www.accaglobal.com/content/dam/ACCA_Global/Technical/fact/tf-163-jan-24.pdf.

To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its director for our work or for this report.

It is your duty to ensure that Allisport Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Allisport Limited. You consider that Allisport Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Allisport Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Wildin (Accountants & Auditors) Ltd
Kings Buildings
Lydney
Gloucestershire
GL15 5HE


16th May 2025