REGISTERED NUMBER: 01451217 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 December 2024

for

HS Sports Limited

Page

Balance Sheet

1

Notes to the Financial Statements

2

FIXED ASSETS

Tangible assets

4

88,618

114,596

CURRENT ASSETS

Stocks

396,963

411,290

Debtors

5

401,301

316,864

Cash at bank

488,395

469,142

1,286,659

1,197,296

CREDITORS

Amounts falling due within one year

6

855,533

698,372

NET CURRENT ASSETS

431,126

498,924

TOTAL ASSETS LESS CURRENT LIABILITIES

519,744

613,520

CREDITORS

Amounts falling due after more than one year

7

86,480

87,500

NET ASSETS

433,264

526,020

CAPITAL AND RESERVES

Called up share capital

98

98

Capital redemption reserve

102

102

Retained earnings

433,064

525,820

SHAREHOLDERS' FUNDS

433,264

526,020

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 18 September 2025 and were signed on its behalf by:

Mr P B Smith - Director

1.	STATUTORY INFORMATION

HS Sports Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number:

01451217

Registered office:

Kinetic House

Varey Road

Congleton

Cheshire

CW12 1UW

The presentation currency of the financial statements is the Pound Sterling (£).

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.

Revenue is recognised as the company becomes entitled to consideration for the goods and services supplied. Therefore, turnover also includes the element of work completed but not yet invoiced.

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.

Short leasehold

-

10% on cost

Plant and machinery

-

at varying rates on cost

Fixtures and fittings

-

20% on cost

Motor vehicles

-

20% on cost

Computer equipment

-

at varying rates on cost

Stocks

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

Financial instruments

Basic financial instruments are recognised at amortised cost.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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.

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

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 39 (2023 - 15 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Short

Plant and

and

leasehold

machinery

fittings

£

£

£

COST

At 1 January 2024

152,144

1,478,666

16,351

Additions

-

-

-

At 31 December 2024

152,144

1,478,666

16,351

DEPRECIATION

At 1 January 2024

152,144

1,398,715

16,239

Charge for year

-

29,344

112

At 31 December 2024

152,144

1,428,059

16,351

NET BOOK VALUE

At 31 December 2024

-

50,607

-

At 31 December 2023

-

79,951

112

Motor

Computer

vehicles

equipment

Totals

£

£

£

COST

At 1 January 2024

221,037

147,984

2,016,182

Additions

33,546

2,620

36,166

At 31 December 2024

254,583

150,604

2,052,348

DEPRECIATION

At 1 January 2024

198,783

135,705

1,901,586

Charge for year

28,963

3,725

62,144

At 31 December 2024

227,746

139,430

1,963,730

NET BOOK VALUE

At 31 December 2024

26,837

11,174

88,618

At 31 December 2023

22,254

12,279

114,596

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

Motor

vehicles

£

COST

Additions

33,546

At 31 December 2024

33,546

DEPRECIATION

Charge for year

6,709

At 31 December 2024

6,709

NET BOOK VALUE

At 31 December 2024

26,837

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade debtors

241,602

158,138

Amounts owed by associates

123,823

-

Other debtors

35,876

158,726

401,301

316,864

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Bank loans and overdrafts

50,000

50,000

Hire purchase contracts

5,673

-

Trade creditors

250,619

273,693

Amounts owed to group undertakings

240,477

240,477

Taxation and social security

68,382

79,172

Other creditors

240,382

55,030

855,533

698,372

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2024

2023

£

£

Bank loans

51,897

87,500

Hire purchase contracts

34,583

-

86,480

87,500

8.	SECURED DEBTS

The following secured debts are included within creditors:

2024

2023

£

£

Bank loans

101,897

137,500

Hire purchase contracts

40,256

-

142,153

137,500

Bank loans represents a CBILS facility drawn down on by the company in September 2020. The security on this loan is in accordance with the guidance given by the British Business Bank.

Hire purchase liabilities are secured on the assets to which they relate.

9.	OTHER FINANCIAL COMMITMENTS

Total financial commitments, guarantees and contingencies which are not included in the balance sheet amount to £408,166 (2023 £470,166). This financial commitment represents the total amount of payments remaining on leases ending August 2031.

10.	ULTIMATE CONTROLLING PARTY

The controlling party is APG Sports Group Ltd.