Donkey Sports Merchandise Ltd 31/12/2024 iXBRL

Company registration number: 14492593

Donkey Sports Merchandise Ltd

Unaudited filleted financial statements

31 December 2024

Donkey Sports Merchandise Ltd

Contents

Directors and other information

Statement of financial position

Notes to the financial statements

Donkey Sports Merchandise Ltd

Directors and other information


	Directors	Mr Mark Underwood
		Mrs Samantha Underwood


	Company number	14492593


	Registered office	Dronken House
		43a High Street
		Kings Langley
		Herts
		WD4 8FG


	Accountants	Hicks And Company
		Chartered Accountants
		83 High Street
		Hemel Hempstead
		Herts
		HP1 3AH

Donkey Sports Merchandise Ltd

Statement of financial position

31 December 2024

		2024		2023
	Note	£	£	£	£

Current assets
Stocks		1,456,253		673,429
Debtors	5	449,810		96,928
Cash at bank and in hand		3,639		10,318
		_______		_______
		1,909,702		780,675
Creditors: amounts falling due
within one year	6	( 1,783,863)		( 736,738)
		_______		_______
Net current assets			125,839		43,937
			_______		_______
Total assets less current liabilities			125,839		43,937

Creditors: amounts falling due
after more than one year	7		( 977,388)		( 441,902)
			_______		_______
Net liabilities			( 851,549)		( 397,965)
			_______		_______

Capital and reserves
Called up share capital			100		100
Profit and loss account			( 851,649)		( 398,065)
			_______		_______
Shareholders deficit			( 851,549)		( 397,965)
			_______		_______

For the year ending 31 December 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 financial statements for the year in question in accordance with section 476;

- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.

These financial statements were approved by the board of directors and authorised for issue on 31 July 2025 , and are signed on behalf of the board by:

Mr Mark Underwood

Director

Company registration number: 14492593

Donkey Sports Merchandise Ltd

Notes to the financial statements

Year ended 31 December 2024

1. General information

The company is a private company limited by shares, registered in England & Wales. The address of the registered office is Dronken House, 43a High Street, Kings Langley, Herts, WD4 8FG.

2. Statement of compliance

These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Turnover

Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax.

Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

Taxation

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that 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 that are expected to apply to the reversal of the timing difference.

Stocks

Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stocks to their present location and condition.

Financial instruments

A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.Debt instruments are subsequently measured at amortised cost.

Defined contribution plans

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised in finance costs in profit or loss in the period in which it arises.

4. Employee numbers

The average number of persons employed by the company during the year amounted to Nil (2023: 8 ).

5. Debtors

	2024	2023
	£	£
Trade debtors	399,125	87,487
Other debtors	50,685	9,441
	_______	_______
	449,810	96,928
	_______	_______

6. Creditors: amounts falling due within one year

	2024	2023
	£	£
Bank loans and overdrafts	-	16,391
Trade creditors	1,534,191	578,632
Social security and other taxes	193,258	137,415
Other creditors	56,414	4,300
	_______	_______
	1,783,863	736,738
	_______	_______

7. Creditors: amounts falling due after more than one year

	2024	2023
	£	£
Amounts owed to group undertakings and undertakings in which the company has a participating interest	977,388	441,902
	_______	_______

8. Directors advances, credits and guarantees

	During the year the directors entered into the following advances and credits with the company:

2024
		Balance brought forward	Advances /(credits) to the directors	Balance o/standing
		£	£	£
	Mr Mark Underwood	( 3,400)	( 40,582)	( 43,982)
		_______	_______	_______

2023
		Balance brought forward	Advances /(credits) to the directors	Balance o/standing
		£	£	£
	Mr Mark Underwood	-	( 3,400)	( 3,400)
		_______	_______	_______