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Registered number: 05156277
Shooting Supplies Limited
Financial Statements
For The Year Ended 31 March 2025
NJR Accountancy Services Limited
14 Victoria Square
Droitwich Spa
Worcestershire
WR9 8DS
Contents
Page
Statement of Financial Position 1—2
Notes to the Financial Statements 3—6
Page 1
Statement of Financial Position
Registered number: 05156277
2025 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 5 422,753 38,236
422,753 38,236
CURRENT ASSETS
Stocks 6 559,523 560,487
Debtors 7 47,099 1,542
Cash at bank and in hand 23,872 139,884
630,494 701,913
Creditors: Amounts Falling Due Within One Year 8 (514,336 ) (597,167 )
NET CURRENT ASSETS (LIABILITIES) 116,158 104,746
TOTAL ASSETS LESS CURRENT LIABILITIES 538,911 142,982
Creditors: Amounts Falling Due After More Than One Year 9 (370,000 ) -
PROVISIONS FOR LIABILITIES
Deferred Taxation (7,881 ) (9,349 )
NET ASSETS 161,030 133,633
CAPITAL AND RESERVES
Called up share capital 10 100 100
Income Statement 160,930 133,533
SHAREHOLDERS' FUNDS 161,030 133,633
Page 1
Page 2
For the year ending 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Income Statement.
On behalf of the board
Mr A Bill
Director
4th June 2025
The notes on pages 3 to 6 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Shooting Supplies Limited is a private company, limited by shares, incorporated in England & Wales, registered number 05156277 . The registered office is 38 Sherwood Road, Bromsgrove, Worcestershire, B60 3DR.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Freehold Not applicable
Motor Vehicles 25% reducing balance
Fixtures & Fittings 15% reducing balance
Computer Equipment 25% reducing balance
2.4. Stocks and Work in Progress
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 stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
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2.5. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 9 (2024: 8)
9 8
4. Intangible Assets
Goodwill
£
Cost
As at 1 April 2024 20,000
As at 31 March 2025 20,000
Amortisation
As at 1 April 2024 20,000
As at 31 March 2025 20,000
Net Book Value
As at 31 March 2025 -
As at 1 April 2024 -
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5. Tangible Assets
Land & Property
Freehold Motor Vehicles Fixtures & Fittings Computer Equipment Total
£ £ £ £ £
Cost
As at 1 April 2024 - 15,032 78,410 33,923 127,365
Additions 390,541 - - 609 391,150
As at 31 March 2025 390,541 15,032 78,410 34,532 518,515
Depreciation
As at 1 April 2024 - 10,276 47,549 31,304 89,129
Provided during the period - 1,189 4,632 812 6,633
As at 31 March 2025 - 11,465 52,181 32,116 95,762
Net Book Value
As at 31 March 2025 390,541 3,567 26,229 2,416 422,753
As at 1 April 2024 - 4,756 30,861 2,619 38,236
6. Stocks
2025 2024
£ £
Stock 559,523 560,487
7. Debtors
2025 2024
£ £
Due within one year
Trade debtors - (1 )
Sales invoice reserve - 1
Other debtors 47,099 1,542
47,099 1,542
8. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Trade creditors 72,272 80,983
Other creditors 414,364 470,187
Taxation and social security 27,700 45,997
514,336 597,167
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9. Creditors: Amounts Falling Due After More Than One Year
2025 2024
£ £
Other creditors 370,000 -
10. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 100 100
11. Directors Advances, Credits and Guarantees
Dividends paid to directors
2025 2024
£ £
Mr A Bill 37,000 37,000
Mr R Bill 4,000 10,000
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