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Company Registration No. 11075233 (England and Wales)
U Sports Limited Unaudited accounts for the period from 1 December 2023 to 31 August 2024
U Sports Limited Unaudited accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
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U Sports Limited Company Information for the period from 1 December 2023 to 31 August 2024
Directors
Mr Charlie Thomas Hiscox Mrs Stephanie Hiscox
Company Number
11075233 (England and Wales)
Registered Office
OFFICE 4, PARK HOUSE HEADLEY ROAD WOODLEY READING RG5 4JB ENGLAND
Accountants
Schiavi Pole Brett Ltd 15A Walm Lane London NW2 5SJ
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U Sports Limited Statement of financial position as at 31 August 2024
2024
2023
Notes
£
£
Fixed assets
Tangible assets
4
11,117
8,137
Current assets
Inventories
2,160
2,160
Debtors
5
355,261
238,936
Cash at bank and in hand
96,629
80,501
454,050
321,597
Creditors: amounts falling due within one year
6
(222,653)
(160,648)
Net current assets
231,397
160,949
Total assets less current liabilities
242,514
169,086
Creditors: amounts falling due after more than one year
7
(10,000)
(17,500)
Net assets
232,514
151,586
Capital and reserves
Called up share capital
8
100
100
Profit and loss account
232,414
151,486
Shareholders' funds
232,514
151,586
For the period ending 31 August 2024 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 19 June 2025 and were signed on its behalf by
Mr Charlie Thomas Hiscox Director Company Registration No. 11075233
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U Sports Limited Notes to the Accounts for the period from 1 December 2023 to 31 August 2024
1
Statutory information
U Sports Limited is a private company, limited by shares, registered in England and Wales, registration number 11075233. The registered office is OFFICE 4, PARK HOUSE HEADLEY ROAD, WOODLEY, READING, RG5 4JB, ENGLAND.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous period, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Motor vehicles
25% Straight line
Computer equipment
33.33% Straight line
Preparation of consolidated financial statements
The financial statements contain information about U SPORTS LIMITED as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements
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U Sports Limited Notes to the Accounts for the period from 1 December 2023 to 31 August 2024
4
Tangible fixed assets
Motor vehicles
Computer equipment
Total
£
£
£
Cost or valuation
At cost
At cost
At 1 December 2023
6,895
13,844
20,739
Additions
5,550
956
6,506
At 31 August 2024
12,445
14,800
27,245
Depreciation
At 1 December 2023
6,895
5,707
12,602
Charge for the period
925
2,601
3,526
At 31 August 2024
7,820
8,308
16,128
Net book value
At 31 August 2024
4,625
6,492
11,117
At 30 November 2023
-
8,137
8,137
5
Debtors
2024
2023
£
£
Amounts falling due within one year
Trade debtors
146,048
75,277
Amounts due from group undertakings etc.
205,007
155,528
Accrued income and prepayments
2,906
4,262
Other debtors
1,300
3,869
355,261
238,936
6
Creditors: amounts falling due within one year
2024
2023
£
£
Bank loans and overdrafts
10,000
10,000
VAT
97,776
70,908
Obligations under finance leases and hire purchase contracts
-
293
Trade creditors
63,031
26,390
Taxes and social security
44,483
48,620
Other creditors
2,664
2,371
Loans from directors
4,699
-
Accruals
-
2,066
222,653
160,648
7
Creditors: amounts falling due after more than one year
2024
2023
£
£
Bank loans
10,000
17,500
8
Share capital
2024
2023
£
£
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100
100
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U Sports Limited Notes to the Accounts for the period from 1 December 2023 to 31 August 2024
9
Average number of employees
During the period the average number of employees was 36 (2023: 35).
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