SC282135falsewholesale sports good retailer2023-04-012024-03-31http://www.companieshouse.gov.uk/2023-03-31http://www.companieshouse.gov.uk/pt:PlantMachinery2023-03-31http://www.companieshouse.gov.uk/pt:ShareCapital2023-03-31http://www.companieshouse.gov.uk/cd:Director12023-04-012024-03-31http://www.companieshouse.gov.uk/pt:PlantMachinery2024-03-31http://www.companieshouse.gov.uk/pt:ShareCapital2024-03-31http://www.companieshouse.gov.uk/pt:ToolsEquipment2023-03-31http://www.companieshouse.gov.uk/pt:MotorCars2023-03-31http://www.companieshouse.gov.uk/pt:ToolsEquipment2024-03-31http://www.companieshouse.gov.uk/pt:MotorCars2024-03-31http://www.companieshouse.gov.uk/cd:AuditExemptWithAccountantsReport2023-04-012024-03-31http://www.companieshouse.gov.uk/pt:CurrentFinancialInstruments2024-03-31http://www.companieshouse.gov.uk/pt:CurrentFinancialInstruments2023-03-31http://www.companieshouse.gov.uk/2023-04-012024-03-31http://www.companieshouse.gov.uk/2023-03-31http://www.companieshouse.gov.uk/cd:FRS1022023-04-012024-03-31http://www.companieshouse.gov.uk/2024-03-31http://www.companieshouse.gov.uk/cd:FullAccounts2023-04-012024-03-31http://www.companieshouse.gov.uk/cd:PrivateLimitedCompanyLtd2023-04-012024-03-31iso4217:GBPxbrli:sharesxbrli:pure

Registered number: SC282135

Only Sport Ltd

ACCOUNTS

FOR THE YEAR ENDED 31/03/2024

Prepared By:

Accounts Advice & Planning

St Andrews House

385 Hillington Road

Glasgow

Renfrewshire

G52 4BL

Only Sport Ltd

ACCOUNTS

FOR THE YEAR ENDED 31/03/2024

DIRECTORS

Ian McCallum

REGISTERED OFFICE

COMPANY DETAILS

Private company limited by shares registered in SC - Scotland, registered number SC282135

ACCOUNTANTS

Accounts Advice & Planning

St Andrews House

385 Hillington Road

Glasgow

Renfrewshire

G52 4BL

Only Sport Ltd

ACCOUNTS
FOR THEYEARENDED31/03/2024
CONTENTS
		Page
Directors' Report		-
Accountants' Report		-
Statement Of Comprehensive Income		-
Balance Sheet		3
Notes To The Accounts		4
The following do not form part of the statutory financial statements:
Trading And Profit And Loss Account		-
Profit And Loss Account Summaries		-

Only Sport Ltd

BALANCE SHEET AT 31/03/2024
						2024				2023
		Notes				£				£
FIXED ASSETS
Tangible assets		3				46,529				-
CURRENT ASSETS
Stock				94,450				-
Debtors		5		44,276				-
Cash at bank and in hand				32,303				-
				171,029				-
CREDITORS: Amounts falling due within one year		6		241,114				-
NET CURRENT LIABILITIES						(70,085)				-
TOTAL ASSETS LESS CURRENT LIABILITIES						(23,556)				-
CAPITAL AND RESERVES
Called up share capital		7				25,002				-
Other reserves		8				(62,235)				-
Profit and loss account						13,677				-
SHAREHOLDERS' FUNDS						(23,556)				-
For the year ending 31/03/2024 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The directors have decided not to deliver to the registrar a copy of the company's profit and loss account.
Approved by the board on 10/04/2025 and signed on their behalf by
.............................
Ian McCallum
Director

Only Sport Ltd

NOTES TO THE ACCOUNTS

FOR THE YEAR ENDED 31/03/2024

1. ACCOUNTING POLICIES

1a. Basis Of Accounting

The accounts have been prepared under the historical cost convention.

The accounts have been prepared in accordance with FRS102 section 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006 .

1b. Depreciation

Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.

1c. Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell (net realisable value). Costs, which comprise direct production costs, are based on the method most appropriate to the type of inventory class, but usually on a first-in-first-out basis. Overheads are charged to profit or loss as incurred. Net realisable value is based on the estimated selling price less any estimated completion or selling costs.

When stocks are sold, the carrying amount of those stocks is recognised as an expense in the period in which the related revenue is recognised. The amount of any write-down of stocks to net realisable value and all losses of stocks are recognised as an expense in the period in which the write-down or loss occurs. The amount of any reversal of any write-down of stocks is recognised as a reduction in the amount of stocks recognised as an expense in the period in which the reversal occurs.

2. EMPLOYEES
				2024		2023
				No.		No.
Average number of employees				-		-

3. TANGIBLE FIXED ASSETS
		Plant and
		Machinery		Equipment		Motor Cars		Total
		£		£		£		£
Cost
At 01/04/2023		60,583		22,265		133,985		216,833
At 31/03/2024		60,583		22,265		133,985		216,833
Depreciation
At 01/04/2023		57,668		18,313		94,323		170,304
At 31/03/2024		57,668		18,313		94,323		170,304
Net Book Amounts
At 31/03/2024		2,915		3,952		39,662		46,529
At 31/03/2023		2,915		3,952		39,662		46,529

Only Sport Ltd

4. STOCK				2024		2023
				£		£
Stock comprises:
Stock				94,450		-
				94,450		-

5. DEBTORS				2024		2023
				£		£
Amounts falling due within one year
Trade debtors				44,276		-
				44,276		-

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
				2024		2023
				£		£
VAT				6,172		-
PAYE control				1,589		-
Finance leases				78,749		-
Trade creditors				145,654		-
Other creditors				6,450		-
Accruals				2,500		-
				241,114		-

7. SHARE CAPITAL				2024		2023
				£		£
Allotted, issued and fully paid:
				25,002		-

8. OTHER RESERVES				2024		2023
				£		£
Other reserves				(62,235)		-
				(62,235)		-