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Registration number: 09142608

Pro Sports Financial Limited

Unaudited Financial Statements

for the Year Ended 31 July 2024

 

Pro Sports Financial Limited

Contents

Balance Sheet

1 to 2

Notes to the Unaudited Financial Statements

3 to 5

 

Pro Sports Financial Limited

(Registration number: 09142608)
Balance Sheet as at 31 July 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

104,153

139,442

Current assets

 

Stocks

1,371,450

1,679,851

Debtors

5

325,577

155,663

Cash at bank and in hand

 

96,455

-

 

1,793,482

1,835,514

Creditors: Amounts falling due within one year

6

(1,841,386)

(1,872,356)

Net current liabilities

 

(47,904)

(36,842)

Total assets less current liabilities

 

56,249

102,600

Creditors: Amounts falling due after more than one year

6

(25,748)

(34,465)

Provisions for liabilities

(19,789)

(26,494)

Net assets

 

10,712

41,641

Capital and reserves

 

Called up share capital

100

100

Retained earnings

10,612

41,541

Shareholders' funds

 

10,712

41,641

 

Pro Sports Financial Limited

(Registration number: 09142608)
Balance Sheet as at 31 July 2024

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

Directors' 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 directors acknowledge their 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 and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 20 July 2025 and signed on its behalf by:
 

.........................................
Mr C Killen
Director

 

Pro Sports Financial Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2024

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
7-9 Macon Court
Crewe
Cheshire
CW1 6EA
UK

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 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 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.

These financial statements are prepared in Sterling, which is the functional currency of the company. All monetary amounts are rounded to the nearest £.

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.

 

Pro Sports Financial Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2024

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

Office equipment

33% on cost

Plant and machinery

20% on cost

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 6 (2023 - 6).

4

Tangible assets

Furniture, fittings and equipment
 £

Motor vehicles
 £

Other tangible assets
£

Total
£

Cost or valuation

At 1 August 2023

4,112

224,958

5,529

234,599

At 31 July 2024

4,112

224,958

5,529

234,599

Depreciation

At 1 August 2023

3,071

88,576

3,510

95,157

Charge for the year

630

34,095

564

35,289

At 31 July 2024

3,701

122,671

4,074

130,446

Carrying amount

At 31 July 2024

411

102,287

1,455

104,153

At 31 July 2023

1,041

136,382

2,019

139,442

 

Pro Sports Financial Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2024

5

Debtors

Current

2024
£

2023
£

Trade debtors

310,038

155,663

Other debtors

15,539

-

 

325,577

155,663

6

Creditors

Creditors: amounts falling due within one year

Note

2024
£

2023
£

Due within one year

 

Loans and borrowings

423,030

467,002

Trade creditors

 

1,378,389

1,251,497

Amounts owed to undertakings in which the company has a participating interest

-

37,189

Taxation and social security

 

23,651

39,489

Accruals and deferred income

 

2,667

2,667

Other creditors

 

13,649

74,512

 

1,841,386

1,872,356

Creditors: amounts falling due after more than one year

Note

2024
£

2023
£

Due after one year

 

Loans and borrowings

25,748

34,465