Registration number: SC791820

LBC Sports Ltd

Contents

Company Information	1
Director's Report	2
Accountants' Report	3
Profit and Loss Account and Statement of Retained Earnings	4
Abridged Balance Sheet	5
Notes to the Unaudited Abridged Financial Statements	6 to 9

LBC Sports Ltd

Company Information

Director

Mr Liam Brian Casey

Registered office

29 Stewart Terrace South Queensferry Edinburgh EH30 9RL

Accountants

Tayler Morgan Ltd 3 Larch Street Grangemouth Falkirk FK3 8PG

LBC Sports Ltd

Director's Report for the Year Ended 31 December 2024

The director presents his report and the abridged financial statements for the year ended 31 December 2024.

Director of the company

The director who held office during the year was as follows:

Mr Liam Brian Casey

Principal activity

The principal activity of the company is sports therapist

Small companies provision statement

This report has been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

Approved and authorised by the director on 20 June 2025
 

......................................... Mr Liam Brian Casey Director

Accountants' Report to the Director on the Preparation of the Unaudited Statutory Accounts of
LBC Sports Ltd
for the Year Ended 31 December 2024

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of LBC Sports Ltd for the year ended 31 December 2024 as set out on pages 4 to 9 from the company's accounting records and from information and explanations you have given us.

This report is made solely to the Board of Directors of LBC Sports Ltd, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of LBC Sports Ltd and state those matters that we have agreed to state to the Board of Directors of LBC Sports Ltd, as a body, in this report. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than LBC Sports Ltd and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that LBC Sports Ltd has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and loss of LBC Sports Ltd. You consider that LBC Sports Ltd 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 accounts of LBC Sports Ltd. 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 accounts.

Tayler Morgan Ltd
3 Larch Street
Grangemouth
Falkirk
FK3 8PG

LBC Sports Ltd

Profit and Loss Account and Statement of Retained Earnings for the Year Ended 31 December 2024

	Note	2024 £
Turnover		17,547
Cost of sales		(1,679)
Gross profit		15,868
Administrative expenses		(17,075)
Operating loss		(1,207)
Loss before tax	4	(1,207)
Loss for the financial year		(1,207)
Retained earnings brought forward		-
Retained earnings carried forward		(1,207)

LBC Sports Ltd

(Registration number: SC791820)
Abridged Balance Sheet as at 31 December 2024

	Note	2024 £
Fixed assets
Tangible assets	5	1,792
Current assets
Debtors		325
Cash at bank and in hand		4,257
		4,582
Creditors: Amounts falling due within one year		(6,179)
Net current liabilities		(1,597)
Total assets less current liabilities		195
Accruals and deferred income		(1,302)
Net liabilities		(1,107)
Capital and reserves
Called up share capital	6	100
Retained earnings		(1,207)
Shareholders' deficit		(1,107)

For the financial year ending 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:

•	The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
•	The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and FRS 102 ‘The Financial Reporting Standard Applicable in the UK and Republic of Ireland’.

All of the company’s members have consented to the preparation of an Abridged Balance Sheet in accordance with Section 444(2A) of the Companies Act 2006.

Approved and authorised by the director on 20 June 2025
 

......................................... Mr Liam Brian Casey Director

LBC Sports Ltd

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 December 2024

1	General information

The company is a private company limited by share capital, incorporated in Scotland.

The address of its registered office is:
29 Stewart Terrace
South Queensferry
Edinburgh
EH30 9RL
Scotland

These financial statements were authorised for issue by the director on 20 June 2025.

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These abridged financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These abridged financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

LBC Sports Ltd

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 December 2024 (continued)

2	Accounting policies (continued)

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
Tools and equipment	15: reducing balance

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3	Staff numbers

The average number of persons employed by the company (including the director) during the year, was 1.

4	Loss/profit before tax

Arrived at after charging/(crediting)

LBC Sports Ltd

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 December 2024 (continued)

4	Profit before tax (continued)

	2024 £
Depreciation expense	316

5	Tangible assets

	Office equipment £	Total £
Cost or valuation
Additions	2,108	2,108
At 31 December 2024	2,108	2,108
Depreciation
Charge for the year	316	316
At 31 December 2024	316	316
Carrying amount
At 31 December 2024	1,792	1,792

6	Share capital

Allotted, called up and fully paid shares

	2024
	No.	£
Ordinary Shares of £1 each	100	100

7	Related party transactions

LBC Sports Ltd

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 December 2024 (continued)

7	Related party transactions (continued)

Director's remuneration

The director's remuneration for the year was as follows:

	2024 £
Remuneration	9,428