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REGISTERED NUMBER: 01305434 (England and Wales)
























UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 1 FEBRUARY 2025

FOR

SPORTSELECT LIMITED

SPORTSELECT LIMITED (REGISTERED NUMBER: 01305434)

CONTENTS OF THE FINANCIAL STATEMENTS
For The Year Ended 1 February 2025










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


SPORTSELECT LIMITED

COMPANY INFORMATION
For The Year Ended 1 February 2025







DIRECTOR: J J W Boddy





REGISTERED OFFICE: The Manor House
Whitwell
York
YO60 7JJ





REGISTERED NUMBER: 01305434 (England and Wales)





ACCOUNTANTS: Fortus Limited
Business Advisors & Accountants
Equinox House
Clifton Park, Shipton Road
York
YO30 5PA

SPORTSELECT LIMITED (REGISTERED NUMBER: 01305434)

BALANCE SHEET
1 February 2025

2025 2024
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 2,318 45,690
Investment property 5 243,000 266,248
245,318 311,938

CURRENT ASSETS
Debtors 6 1,158 2,900
Investments 7 474 460
Cash at bank 10,502 30,666
12,134 34,026
CREDITORS
Amounts falling due within one year 8 76,671 116,735
NET CURRENT LIABILITIES (64,537 ) (82,709 )
TOTAL ASSETS LESS CURRENT LIABILITIES 180,781 229,229

CAPITAL AND RESERVES
Called up share capital 8,126 8,126
Retained earnings 172,655 221,103
180,781 229,229

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 1 February 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 1 February 2025 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.

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 by the director and authorised for issue on 21 July 2025 and were signed by:





J J W Boddy - Director


SPORTSELECT LIMITED (REGISTERED NUMBER: 01305434)

NOTES TO THE FINANCIAL STATEMENTS
For The Year Ended 1 February 2025


1. STATUTORY INFORMATION

Sportselect 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 as modified by the revaluation of certain assets.

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.
Plant and machinery - 25% reducing balance
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 25% reducing balance
Cottage Fixtures and Fittings - 20% on cost

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2024 - 2 ) .

SPORTSELECT LIMITED (REGISTERED NUMBER: 01305434)

NOTES TO THE FINANCIAL STATEMENTS - continued
For The Year Ended 1 February 2025


4. TANGIBLE FIXED ASSETS
Cottage
Fixtures Fixtures
Plant and and Motor and
machinery fittings vehicles Fittings Totals
£    £    £    £    £   
COST
At 2 February 2024 1,800 11,551 71,635 4,521 89,507
Disposals - - (71,635 ) - (71,635 )
At 1 February 2025 1,800 11,551 - 4,521 17,872
DEPRECIATION
At 2 February 2024 1,231 9,325 29,644 3,617 43,817
Charge for year 143 334 - 904 1,381
Eliminated on disposal - - (29,644 ) - (29,644 )
At 1 February 2025 1,374 9,659 - 4,521 15,554
NET BOOK VALUE
At 1 February 2025 426 1,892 - - 2,318
At 1 February 2024 569 2,226 41,991 904 45,690

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 2 February 2024 266,248
Revaluations (23,248 )
At 1 February 2025 243,000
NET BOOK VALUE
At 1 February 2025 243,000
At 1 February 2024 266,248

Fair value at 1 February 2025 is represented by:
£   
Valuation in 2025 (23,248 )
Cost 266,248
243,000

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Trade debtors 752 1,361
Other debtors 406 1,539
1,158 2,900

SPORTSELECT LIMITED (REGISTERED NUMBER: 01305434)

NOTES TO THE FINANCIAL STATEMENTS - continued
For The Year Ended 1 February 2025


7. CURRENT ASSET INVESTMENTS
2025 2024
£    £   
BATA Investment 474 460

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Payments on account - 13,290
Trade creditors 566 1,930
Taxation and social security 3,806 7,731
Other creditors 72,299 93,784
76,671 116,735