REGISTERED NUMBER: 10459188 (England and Wales)

BOURNE SPORT LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTORS:

J Bourne

J Mozley

REGISTERED OFFICE:

The Wharf Rye Road

Newenden

Cranbrook

Kent

TN18 5QG

REGISTERED NUMBER:

10459188 (England and Wales)

ACCOUNTANTS:

McCabe Ford Williams

Chartered Accountants

89 King Street

Maidstone

Kent

ME14 1BG

FIXED ASSETS

Tangible assets

5

179,711

210,703

CURRENT ASSETS

Stocks

8,424

13,906

Debtors

6

673,104

547,501

Cash at bank and in hand

71,657

297,707

753,185

859,114

CREDITORS

Amounts falling due within one year

7

1,049,508

989,068

NET CURRENT LIABILITIES

(296,323

)

(129,954

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(116,612

)

80,749

CREDITORS

Amounts falling due after more than one year

8

(6,469

)

(21,149

)

PROVISIONS FOR LIABILITIES

(31,455

)

(33,607

)

NET (LIABILITIES)/ASSETS

(154,536

)

25,993

CAPITAL AND RESERVES

Called up share capital

10

1,000

1,000

Share premium

49,000

49,000

Retained earnings

(204,536

)

(24,007

)

SHAREHOLDERS' FUNDS

(154,536

)

25,993

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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 29 September 2025 and were signed on its behalf by:

J Bourne - Director

1.	STATUTORY INFORMATION

Bourne Sport 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.

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

2.	STATEMENT OF COMPLIANCE

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.

3.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The company meets its day to day working capital requirements through the support of its directors and parent company Bourne Amenity Limited who have pledged their continuing support. They therefore consider it appropriate to prepare accounts on the going concern basis. These financial statements do not include any adjustments that would result from a withdrawal of this support.

Significant judgements and estimates

In the application of the company's accounting policies, management is required to make judgements, estimates and assumptions about the carrying value of assets and liabilities that are not readily apparent from other sources. The estimates and underlying assumptions are based on historical experience and other factors that are considered relevant. Actual results may differ from these estimates. The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period to which the estimate is revised if the revision affects only that period or in the period of the revision and future periods if the revision affects both current and future periods. The key sources of estimation uncertainty that have a significant effect on the amounts recognised in the financial statements are the depreciation charges that are calculated with reference to the useful economic life of fixed assets.

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

-

15% on reducing balance

Tractors

-

15% on reducing balance

Commercial vehicles

-

25% on reducing balance

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

The company enters into basic financial instruments that result in the recognition of financial assets and liabilities like trade and other accounts receivable and payable, loans from banks and other third parties and loans to related parties.

a) Trade and other debtors

Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method, less impairment losses for bad and doubtful debts except where the effect of discounting would be immaterial. In such cases, the receivables are stated at cost less impairment losses for bad and doubtful debts.

b) Cash and cash equivalents

Cash and cash equivalents comprise cash at bank and in hand.

c) Impairment of financial assets

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in profit or loss.

For financial assets measured at amortised cost, the impairment loss is measured as the difference between an asset's carrying amount and the present value of estimated cash flows discounted at the asset's original effective interest rate. If a financial asset has a variable interest rate, the discount rate for measuring any impairment loss is the current effective interest rate determined under the contract.

For financial assets measured at cost less impairment, the impairment loss is measured as the difference between an asset's carrying amount and the best estimate, which is an approximation, of the amount that the company would receive for the asset if it were to be sold at the reporting date.

d) Trade and other creditors

Debt instruments like loans and other accounts payable are initially measured at present value of the future payments and subsequently at amortised cost using the effective interest method. Debt instruments that are payable within one year, typically trade payables, are measured, initially and subsequently, at the undiscounted amount of the cash or other consideration expected to be paid. However, if the arrangements of a short-term instrument constitute a financing transaction, like the payment of a trade debt deferred beyond normal business terms or financed at a rate of interest that is not a market rate or in case of an outright short-term loan not at market rate, the financial asset is measured, initially and subsequently, at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

Financial assets and liabilities are offset and the net amount reported in the statement of financial position when there is an enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

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 statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

4.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 11 (2023 - 11 ) .

5.	TANGIBLE FIXED ASSETS

Plant and

Commercial

machinery

Tractors

vehicles

Totals

£

£

£

£

COST

At 1 January 2024

122,411

54,486

177,731

354,628

Additions

23,101

-

35,113

58,214

Disposals

-

-

(82,908

)

(82,908

)

At 31 December 2024

145,512

54,486

129,936

329,934

DEPRECIATION

At 1 January 2024

46,212

2,724

94,989

143,925

Charge for year

14,032

7,765

25,968

47,765

Eliminated on disposal

-

-

(41,467

)

(41,467

)

At 31 December 2024

60,244

10,489

79,490

150,223

NET BOOK VALUE

At 31 December 2024

85,268

43,997

50,446

179,711

At 31 December 2023

76,199

51,762

82,742

210,703

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

Plant and

Commercial

machinery

Tractors

vehicles

Totals

£

£

£

£

COST

At 1 January 2024

57,000

54,486

94,863

206,349

Reclassification/transfer

(32,500

)

-

(75,723

)

(108,223

)

At 31 December 2024

24,500

54,486

19,140

98,126

DEPRECIATION

At 1 January 2024

16,847

2,724

38,969

58,540

Charge for year

2,589

7,765

3,788

14,142

Reclassification/transfer

(9,606

)

-

(34,981

)

(44,587

)

At 31 December 2024

9,830

10,489

7,776

28,095

NET BOOK VALUE

At 31 December 2024

14,670

43,997

11,364

70,031

At 31 December 2023

40,153

51,762

55,894

147,809

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Trade debtors

186,965

224,674

Other debtors

486,139

319,006

Prepayments

-

3,821

673,104

547,501

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Hire purchase contracts (see note 9)

14,680

51,467

Trade creditors

12,873

176,760

Amounts owed to group undertakings

899,816

676,706

Other taxes and PAYE taxes

58,197

21,892

Other creditors

1,159

-

Accruals and deferred income

62,783

62,243

1,049,508

989,068

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.12.24

31.12.23

£

£

Hire purchase contracts (see note 9)

6,469

21,149

9.	LEASING AGREEMENTS

Minimum lease payments under hire purchase fall due as follows:

31.12.24

31.12.23

£

£

Net obligations repayable:

Within one year

14,680

51,467

Between one and five years

6,469

21,149

21,149

72,616

10.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.12.24

31.12.23

value:

£

£

1,000

Ordinary

1

1,000

1,000