REGISTERED NUMBER: 08303360 (England and Wales)

Unaudited Financial Statements for the Year Ended 30 November 2024

for

Fanatics Supplies Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

S R Orme

Mrs K Orme

SECRETARY:

REGISTERED OFFICE:

11 Wavertree Close

Cosby

Leicester

LE9 1TN

REGISTERED NUMBER:

08303360 (England and Wales)

ACCOUNTANTS:

SJS Accountancy Services

1 North Street

Wigston

Leicester

LE18 1PS

FIXED ASSETS

Tangible assets

4

83,884

76,919

CURRENT ASSETS

Stocks

361,643

330,654

Debtors

5

167,545

99,857

Cash at bank and in hand

38,250

29,338

567,438

459,849

CREDITORS

Amounts falling due within one year

6

266,873

185,365

NET CURRENT ASSETS

300,565

274,484

TOTAL ASSETS LESS CURRENT LIABILITIES

384,449

351,403

CREDITORS

Amounts falling due after more than one year

7

90,314

120,727

NET ASSETS

294,135

230,676

CAPITAL AND RESERVES

Called up share capital

10

10

Retained earnings

294,125

230,666

SHAREHOLDERS' FUNDS

294,135

230,676

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 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 10 June 2025 and were signed on its behalf by:

S R Orme - Director

Mrs K Orme - Director

1.	STATUTORY INFORMATION

Fanatics Supplies 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.

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, 20% on reducing balance, 15% on reducing balance and 10% on cost

Stocks

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

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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.

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.

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 11 (2023 - 10 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 December 2023

174,550

Additions

27,092

At 30 November 2024

201,642

DEPRECIATION

At 1 December 2023

97,631

Charge for year

20,127

At 30 November 2024

117,758

NET BOOK VALUE

At 30 November 2024

83,884

At 30 November 2023

76,919

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

Plant and

machinery

etc

£

COST

At 1 December 2023

49,416

Additions

22,245

Transfer to ownership

(14,500

)

At 30 November 2024

57,161

DEPRECIATION

At 1 December 2023

14,059

Charge for year

10,036

Transfer to ownership

(7,076

)

At 30 November 2024

17,019

NET BOOK VALUE

At 30 November 2024

40,142

At 30 November 2023

35,357

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.11.24

30.11.23

£

£

Trade debtors

154,734

84,524

Other debtors

12,811

15,333

167,545

99,857

Other debtors amounting to £12,811 (2023 - £15,333) is represented by prepayments of £5,632 (2023 - £6,061) and a VAT debtor of £7,179 (2023 - £9,272).

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.11.24

30.11.23

£

£

Bank loans and overdrafts

38,997

44,397

Hire purchase contracts and finance leases

9,953

7,829

Trade creditors

147,507

92,283

Taxation and social security

45,501

22,913

Other creditors

24,915

17,943

266,873

185,365

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

30.11.24

30.11.23

£

£

Bank loans

70,213

109,768

Hire purchase contracts and finance leases

20,101

10,959

90,314

120,727

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

7,358

12,407