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REGISTERED NUMBER: 04714946 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 September 2024

for

Primera Sports Limited

Primera Sports Limited (Registered number: 04714946)






Contents of the Financial Statements
for the Year Ended 30 September 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Primera Sports Limited

Company Information
for the Year Ended 30 September 2024







DIRECTORS: W D Temple
Mrs T A Temple
J B Temple





SECRETARY: Mrs T A Temple





REGISTERED OFFICE: 898 - 902 Wimborne Road
Moordown
Bournemouth
Dorset
BH9 2DW





REGISTERED NUMBER: 04714946 (England and Wales)





ACCOUNTANTS: Stephen Penny and Partners Limited
Chartered Certified Accountants
and Business Advisors
898-902 Wimborne Road
Bournemouth
Dorset
BH9 2DW

Primera Sports Limited (Registered number: 04714946)

Balance Sheet
30 September 2024

30.9.24 30.9.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - 17,875
Tangible assets 5 79,264 59,926
79,264 77,801

CURRENT ASSETS
Stocks 439,890 635,210
Debtors 6 608,257 590,337
Cash at bank and in hand 633 293,618
1,048,780 1,519,165
CREDITORS
Amounts falling due within one year 7 1,006,903 1,308,927
NET CURRENT ASSETS 41,877 210,238
TOTAL ASSETS LESS CURRENT
LIABILITIES

121,141

288,039

CREDITORS
Amounts falling due after more than one
year

8

(23,040

)

-

PROVISIONS FOR LIABILITIES (15,060 ) (5,629 )
NET ASSETS 83,041 282,410

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 83,039 282,408
83,041 282,410

Primera Sports Limited (Registered number: 04714946)

Balance Sheet - continued
30 September 2024


The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Board of Directors and authorised for issue on 18 August 2025 and were signed on its behalf by:




W D Temple - Director



Mrs T A Temple - Director


Primera Sports Limited (Registered number: 04714946)

Notes to the Financial Statements
for the Year Ended 30 September 2024

1. STATUTORY INFORMATION

Primera Sports 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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2004, is being amortised evenly over its estimated useful life of twenty years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery etc - 33% on cost, 25% on reducing balance and 20% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.


Primera Sports Limited (Registered number: 04714946)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2024

2. ACCOUNTING POLICIES - continued
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.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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 15 (2023 - 11 ) .

Primera Sports Limited (Registered number: 04714946)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2024

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 October 2023
and 30 September 2024 390,000
AMORTISATION
At 1 October 2023 372,125
Charge for year 17,875
At 30 September 2024 390,000
NET BOOK VALUE
At 30 September 2024 -
At 30 September 2023 17,875

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 October 2023 194,324
Additions 45,252
At 30 September 2024 239,576
DEPRECIATION
At 1 October 2023 134,398
Charge for year 25,914
At 30 September 2024 160,312
NET BOOK VALUE
At 30 September 2024 79,264
At 30 September 2023 59,926

Primera Sports Limited (Registered number: 04714946)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2024

5. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and
machinery
etc
£   
COST
Additions 43,671
At 30 September 2024 43,671
DEPRECIATION
Charge for year 10,918
At 30 September 2024 10,918
NET BOOK VALUE
At 30 September 2024 32,753

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.24 30.9.23
£    £   
Trade debtors 2,900 -
Amounts owed by group undertakings 532,752 486,977
Other debtors 72,605 103,360
608,257 590,337

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.24 30.9.23
£    £   
Bank loans and overdrafts 54,619 43,328
Hire purchase contracts 7,668 -
Trade creditors 569,971 899,177
Taxation and social security 339,599 336,548
Other creditors 35,046 29,874
1,006,903 1,308,927

Primera Sports Limited (Registered number: 04714946)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2024

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
30.9.24 30.9.23
£    £   
Hire purchase contracts 23,040 -

9. SECURED DEBTS

The following secured debts are included within creditors:

30.9.24 30.9.23
£    £   
Bank overdrafts 54,619 43,328

10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 30 September 2024 and 30 September 2023:

30.9.24 30.9.23
£    £   
Mrs T A Temple and W D Temple
Balance outstanding at start of year 93,939 40,161
Amounts advanced 247,533 276,402
Amounts repaid (274,624 ) (222,624 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 66,848 93,939