Registration number: 03929181

Service Sports (Wetherby) Ltd

Contents

Balance Sheet	1
Notes to the Unaudited Financial Statements	2 to 5

Service Sports (Wetherby) Ltd

(Registration number: 03929181)
Balance Sheet as at 30 April 2025

	Note	2025 £		2024 £
Fixed assets
Tangible assets	5		43,515		164,980
Current assets
Stocks		283,546		294,872
Debtors	6	226,687		392,779
Cash at bank and in hand		299,258		179,777
		809,491		867,428
Creditors: Amounts falling due within one year	7	(231,910)		(239,368)
Net current assets			577,581		628,060
Total assets less current liabilities			621,096		793,040
Provisions for liabilities			(5,834)		(10,161)
Net assets			615,262		782,879
Capital and reserves
Called up share capital	8	99		99
Profit and loss account		615,163		782,780
Total equity			615,262		782,879

For the financial year ending 30 April 2025 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 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 director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 4 September 2025
 

......................................... Mr R.M. Kendall Director

Service Sports (Wetherby) Ltd

Notes to the Unaudited Financial Statements For The Year Ended 30 April 2025

1	General information

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

The address of its registered office is:
Unit 10 Home Farm Properties
Wighill Park
Featherbed Lane
Tadcaster
LS24 8BN

These financial statements were authorised for issue by the director on 4 September 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 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

The financial statements have been prepared using the historical cost convention.

The financial statements are presented in Sterling (£).

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 value added tax, returns, 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.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements. Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

Service Sports (Wetherby) Ltd

Notes to the Unaudited Financial Statements For The Year Ended 30 April 2025

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.

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
Fixtures, fittings and equipment	20% reducing balance
Motor vehicles	25% reducing balance
Website	10% straight line

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

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.

Leases

Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.

Share capital

Ordinary shares are classified as equity.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

Service Sports (Wetherby) Ltd

Notes to the Unaudited Financial Statements For The Year Ended 30 April 2025

3	Staff numbers

The average number of persons employed by the company (including the director) during the year, was 8 (2024 - 8).

4	Profit before tax

Arrived at after charging/(crediting)

	2025 £	2024 £
Depreciation expense	11,569	13,661

5	Tangible assets

	Land and buildings £	Furniture, fittings and equipment  £	Motor vehicles  £	Total £
Cost or valuation
At 1 May 2024	135,000	74,316	23,795	233,111
Additions	-	-	14,305	14,305
Disposals	(135,000)	-	-	(135,000)
At 30 April 2025	-	74,316	38,100	112,416
Depreciation
At 1 May 2024	10,800	39,101	18,230	68,131
Charge for the year	-	6,602	4,968	11,570
Eliminated on disposal	(10,800)	-	-	(10,800)
At 30 April 2025	-	45,703	23,198	68,901
Carrying amount
At 30 April 2025	-	28,613	14,902	43,515
At 30 April 2024	124,200	35,215	5,565	164,980

Included within the net book value of land and buildings above is £Nil (2024 - £124,200) in respect of freehold land and buildings.
 

6

Debtors

Current	2025 £	2024 £
Trade debtors	160,902	293,458
Prepayments	2,875	2,875
Other debtors	62,910	96,446
	226,687	392,779

Service Sports (Wetherby) Ltd

Notes to the Unaudited Financial Statements For The Year Ended 30 April 2025

7

Creditors

	2025 £	2024 £
Due within one year
Trade creditors	121,575	127,852
Taxation and social security	80,108	82,777
Other creditors	30,227	28,739
	231,910	239,368

8	Share capital

Allotted, called up and fully paid shares

	2025		2024
	No.	£	No.	£
Ordinary A of £1 each	90	90	90	90
Ordinary B of £1 each	4	4	4	4
Ordinary C of £1 each	5	5	5	5
	99	99	99	99