Company Registration Number: 04174873
FOR THE YEAR ENDED 31 DECEMBER 2024
SUPPORT IN SPORT (UK) LIMITED
COMPANY INFORMATION
SUPPORT IN SPORT (UK) LIMITED
CONTENTS
SUPPORT IN SPORT (UK) LIMITED
STRATEGIC REPORT
FOR THE YEAR ENDED 31 DECEMBER 2024
The Company installs artificial grass for the sports and leisure industry primarily for use in the sports pitches. Activities extend to maintenance and artificial grass surfaces and the sale of related products.
The Company's client base extends across a range of sports and includes pitch installations undertaken through both individual and framework agreements.
The Company's client base extends across a range of sports and includes pitch installations undertaken through both individual and framework agreements.
The Company aims to provide its clients with a first class, professional service in the design, construction, installation and maintenance of sports surfaces.
We pride ourselves on our high levels of client satisfaction. Our experience and exacting design and build specifications, together with a unique approach and superior position in this specialist marketplace means that we can deal with all site conditions.
The Company aims to grow profitability each year by maintaining its first class reputation within the industry for pitch installations and by continuing to improve the quality of artificial grass produced by developing new and improved products.
In the year turnover increased significantly from £22.7m to £25.1m, a 10.6% increase. The contract mix had fewer high value and low margin contracts the Gross Margin increased in both absolute and percentage terms. Overheads were contained at a similar level to the preceding year. As a result, profit before tax increased from £1.0m to £1.3m.
We shall continue to strive to provide excellent service for all of our customers and work with them to meet their requirements for pitch installations.
We pride ourselves on our high levels of client satisfaction. Our experience and exacting design and build specifications, together with a unique approach and superior position in this specialist marketplace means that we can deal with all site conditions.
The Company aims to grow profitability each year by maintaining its first class reputation within the industry for pitch installations and by continuing to improve the quality of artificial grass produced by developing new and improved products.
In the year turnover increased significantly from £22.7m to £25.1m, a 10.6% increase. The contract mix had fewer high value and low margin contracts the Gross Margin increased in both absolute and percentage terms. Overheads were contained at a similar level to the preceding year. As a result, profit before tax increased from £1.0m to £1.3m.
We shall continue to strive to provide excellent service for all of our customers and work with them to meet their requirements for pitch installations.
The management of the business and the execution of the Company’s strategy are subject to various risks.
The key business risks and uncertainties affecting the company are considered to relate to the reputation of the business, access to tendering opportunities and supply chain management.
To protect the company’s reputation the directors pay very close attention to product quality and contract delivery at all times.
During the year the company extended its award on the Football Foundation framework agreement and secured Approved Contractor status on additional framework agreements.
Along with existing customer relationships, the value of orders and the number of tendering opportunities suggest that workflow will remain at attractive levels through 2024 and beyond. The directors are satisfied that the financial strength of the Company will allow these opportunities to be realised.
The company relies on certain products to be commercially available to be able to fulfill its contractual obligations. The directors are conscious of the requirement to treat all suppliers fairly and to foster good relations with our key delivery partners.
The key business risks and uncertainties affecting the company are considered to relate to the reputation of the business, access to tendering opportunities and supply chain management.
To protect the company’s reputation the directors pay very close attention to product quality and contract delivery at all times.
During the year the company extended its award on the Football Foundation framework agreement and secured Approved Contractor status on additional framework agreements.
Along with existing customer relationships, the value of orders and the number of tendering opportunities suggest that workflow will remain at attractive levels through 2024 and beyond. The directors are satisfied that the financial strength of the Company will allow these opportunities to be realised.
The company relies on certain products to be commercially available to be able to fulfill its contractual obligations. The directors are conscious of the requirement to treat all suppliers fairly and to foster good relations with our key delivery partners.
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SUPPORT IN SPORT (UK) LIMITED
STRATEGIC REPORT (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
2024 2023
Turnover £25.1m £22.7m
Gross Margin % 16.3% 14.0%
Profit before tax 5.1% 4.4%
Debtor days 26 days 27 days
Turnover reduced as the there was an increased focus on higher margin work and fewer high value projects were undertaken. The improvement in margins was pleasing and the Directors are satisfied that, given the existing market conditions that the Key Performance Indicators represent a reasonable outturn for the year.
Turnover £25.1m £22.7m
Gross Margin % 16.3% 14.0%
Profit before tax 5.1% 4.4%
Debtor days 26 days 27 days
Turnover reduced as the there was an increased focus on higher margin work and fewer high value projects were undertaken. The improvement in margins was pleasing and the Directors are satisfied that, given the existing market conditions that the Key Performance Indicators represent a reasonable outturn for the year.
The key performance indicators are the number of pitches installed, surface area of artificial turf installed, on time and gross margin by project which are monitored closely by the directors.
This report was approved by the board and signed on its behalf.
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SUPPORT IN SPORT (UK) LIMITED
DIRECTORS' REPORT
FOR THE YEAR ENDED 31 DECEMBER 2024
The directors present their report and the financial statements for the year ended 31 December 2024.
The directors are responsible for preparing the Strategic Report, the Directors' Report and the financial statements in accordance with applicable law and regulations.
In preparing these financial statements, the directors are required to:
∙select suitable accounting policies for the company's financial statements and then apply them consistently;
∙make judgments and accounting estimates that are reasonable and prudent;
∙prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.
The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and to enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
The profit for the year, after taxation, amounted to £1,076,548 (2023 - £892,896).
Dividends of £nil (2023: £nil) have been declared during the year.
The directors who served during the year were:
The directors remain committed to the continued growth and development of the company. The company will continue to monitor market conditions and adapt its approach to ensure long-term sustainability and profitability.
The Company continually engages in research and development to bring innovative products to the market that provide improved sports surfaces to our customers, as well as developing our installation methods to improve efficiency through the installation process.
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SUPPORT IN SPORT (UK) LIMITED
DIRECTORS' REPORT (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
Each of the persons who are directors at the time when this Directors' Report is approved has confirmed that:
• so far as the director is aware, there is no relevant audit information of which the company's auditors are unaware, and
• the director has taken all the steps that ought to have been taken as a director in order to be aware of any relevant audit information and to establish that the company's auditors are aware of that information.
• so far as the director is aware, there is no relevant audit information of which the company's auditors are unaware, and
• the director has taken all the steps that ought to have been taken as a director in order to be aware of any relevant audit information and to establish that the company's auditors are aware of that information.
There are no post balance sheet events to disclose.
Under section 487(2) of the Companies Act 2006, Armstrong Watson Audit Limited will be deemed to have been reappointed as auditors 28 days after these financial statements were sent to members or 28 days after the latest date prescribed for filing the accounts with the registrar, whichever is earlier.
This report was approved by the board and signed on its behalf.
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SUPPORT IN SPORT (UK) LIMITED
INDEPENDENT AUDITORS' REPORT TO THE SHAREHOLDERS, AS A BODY, OF SUPPORT IN SPORT (UK) LIMITED
We have audited the financial statements of Support In Sport (UK) Limited (the 'company') for the year ended 31 December 2024, which comprise the Statement of Comprehensive Income, the Statement of Financial Position, the Statement of Changes in Equity and the related notes, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland' (United Kingdom Generally Accepted Accounting Practice).
We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditors' responsibilities for the audit of the financial statements section of our report. We are independent of the company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the United Kingdom, including the Financial Reporting Council's Ethical Standard and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.
In auditing the financial statements, we have concluded that the directors' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.
Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.
Our responsibilities and the responsibilities of the directors with respect to going concern are described in the relevant sections of this report.
The other information comprises the information included in the Annual Report other than the financial statements and our Auditors' Report thereon. The directors are responsible for the other information contained within the Annual Report. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon. Our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the course of the audit, or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact.
We have nothing to report in this regard.
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SUPPORT IN SPORT (UK) LIMITED
INDEPENDENT AUDITORS' REPORT TO THE SHAREHOLDERS, AS A BODY, OF SUPPORT IN SPORT (UK) LIMITED (CONTINUED)
In our opinion, based on the work undertaken in the course of the audit:
∙the information given in the Strategic Report and the Directors' Report for the financial year for which the financial statements are prepared is consistent with the financial statements; and
∙the Strategic Report and the Directors' Report have been prepared in accordance with applicable legal requirements.
In the light of the knowledge and understanding of the company and its environment obtained in the course of the audit, we have not identified material misstatements in the Strategic Report or the Directors' Report.
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SUPPORT IN SPORT (UK) LIMITED
INDEPENDENT AUDITORS' REPORT TO THE SHAREHOLDERS, AS A BODY, OF SUPPORT IN SPORT (UK) LIMITED (CONTINUED)
Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an Auditors' Report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.
Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:
• We obtained an understanding of laws and regulations that affect the company, focusing on those that had a direct effect on the financial statements or that had a fundamental effect on its operations. Key laws and regulations that we identified included the UK Companies Act, tax legislation and occupational health and employment legislation.
• We enquired of the directors, reviewed correspondence with HMRC and reviewed directors meeting minutes for evidence of non-compliance with relevant laws and regulations. We also reviewed controls the directors have in place to ensure compliance.
• We gained an understanding of the controls that the directors have in place to prevent and detect fraud. We enquired of the directors about any incidences of fraud that had taken place during the accounting period.
• The risk of fraud and non-compliance with laws and regulations and fraud was discussed within the audit team and tests were planned and performed to address these risks. We identified the potential for fraud in the following areas: revenue recognition and management override of controls.
• We reviewed financial statements disclosures and tested to supporting documentation to assess compliance with relevant laws and regulations discussed above.
• We enquired of the directors and third-party advisors about actual and potential litigation and claims.
• We performed analytical procedures to identify any unusual or unexpected relationships that might indicate risks of material misstatement due to fraud.
• In addressing the risk of fraud due to management override of internal controls we tested the appropriateness of journal entries and assessed whether the judgements made in making accounting estimates were indicative of a potential bias.
Because of the inherent limitations of an audit, there is a risk that we will not detect all irregularities, including those leading to a material misstatement in the financial statements or non-compliance with regulation. This risk increases the more that compliance with a law or regulation is removed from the events and transactions reflected in the financial statements, as we will be less likely to become aware of instances of non-compliance. The risk is also greater regarding irregularities occurring due to fraud rather than error, as fraud involves intentional concealment, forgery, collusion, omission or misrepresentation.
A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at: www.frc.org.uk/auditorsresponsibilities. This description forms part of our Auditors' Report.
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SUPPORT IN SPORT (UK) LIMITED
INDEPENDENT AUDITORS' REPORT TO THE SHAREHOLDERS, AS A BODY, OF SUPPORT IN SPORT (UK) LIMITED (CONTINUED)
This report is made solely to the company's shareholders, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the company's shareholders those matters we are required to state to them in an Auditors' Report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and the company's shareholders, as a body, for our audit work, for this report, or for the opinions we have formed.
for and on behalf of
Chartered Accountants
Statutory Auditors
Carlisle
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SUPPORT IN SPORT (UK) LIMITED
STATEMENT OF COMPREHENSIVE INCOME
FOR THE YEAR ENDED 31 DECEMBER 2024
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SUPPORT IN SPORT (UK) LIMITED
REGISTERED NUMBER: 04174873
STATEMENT OF FINANCIAL POSITION
AS AT 31 DECEMBER 2024
The financial statements were approved and authorised for issue by the board and were signed on its behalf by:
The notes on pages 12 to 27 form part of these financial statements.
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SUPPORT IN SPORT (UK) LIMITED
STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 31 DECEMBER 2024
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SUPPORT IN SPORT (UK) LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
Support in Sport (UK) Limited is a company limited by shares incorporated in England. Its registered office is Tavistock Works, Glasson Industrial Estate, Maryport, Cumbria, CA15 8NT.
2.Accounting policies
The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.
The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgment in applying the company's accounting policies (see note 3).
The following principal accounting policies have been applied:
The company has taken advantage of the following disclosure exemptions in preparing these financial statements, as permitted by the FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland":
∙the requirements of Section 7 Statement of Cash Flows;
∙the requirements of Section 3 Financial Statement Presentation paragraph 3.17(d);
∙the requirements of Section 11 Financial Instruments paragraphs 11.42, 11.44 to 11.45, 11.47, 11.48(a)(iii), 11.48(a)(iv), 11.48(b) and 11.48(c);
∙the requirements of Section 12 Other Financial Instruments paragraphs 12.26 to 12.27, 12.29(a), 12.29(b) and 12.29A.
This information is included in the consolidated financial statements of Support in Sport Group (lrl) Limited as at 31 December 2024 and these financial statements may be obtained from 12 Northbrook Road, Ranelagh, Dublin 6, Republic of Ireland.
At the balance sheet date, the company has net current assets of £6,601,552 (2023 - £5,879,999) and net assets of £7,152,028 (2023 - £6,075,480) following a profit before tax in the period of £1,273,100 (2023 - £1,007,794). The company has no borrowings to date and has a closing cash position of £2,448,777 (2023 - £1,980,912).
The directors prepare budget forecasts and have reviewed the period of assessment for at least 12 months from signing the accounts and deem the going concern basis appropriate.
The directors prepare budget forecasts and have reviewed the period of assessment for at least 12 months from signing the accounts and deem the going concern basis appropriate.
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SUPPORT IN SPORT (UK) LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
2.Accounting policies (continued)
Functional and presentation currency
Transactions and balances
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SUPPORT IN SPORT (UK) LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
2.Accounting policies (continued)
The stage of completion is determined based on the proportion of the contract costs incurred to date over the costs incurred to date plus an estimate of expected costs to complete. Contract revenue is recognised using the stage of completion as calculated above.
If it is not possible to distinguish between the research phase and the development phase of an internal project, the expenditure is treated as if it were all incurred in the research phase only.
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SUPPORT IN SPORT (UK) LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
2.Accounting policies (continued)
At each reporting date the company assesses whether there is any indication of impairment. If such indication exists, the recoverable amount of the asset is determined which is the higher of its fair value less costs to sell and its value in use. An impairment loss is recognised where the carrying amount exceeds the recoverable amount.
Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.
Depreciation is provided on the following basis:
The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.
Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.
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SUPPORT IN SPORT (UK) LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
2.Accounting policies (continued)
Provisions are measured as the best estimate of the amount required to settle the obligation, taking into account the related risks and uncertainties.
The company has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments.
The company has elected to apply the recognition and measurement provisions of IFRS 9 Financial Instruments (as adopted by the UK Endorsement Board) with the disclosure requirements of Sections 11 and 12 and the other presentation requirements of FRS 102.
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SUPPORT IN SPORT (UK) LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
2.Accounting policies (continued)
Financial instruments are recognised in the company's Statement of Financial Position when the company becomes party to the contractual provisions of the instrument.
Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally 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.
Basic financial assets
Basic financial assets, which include trade and other debtors, cash and bank balances, are initially measured at their transaction price (adjusted for transaction costs except in the initial measurement of financial assets that are subsequently measured at fair value through profit and loss) and are subsequently carried at their amortised cost using the effective interest method, less any provision for impairment, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.
Discounting is omitted where the effect of discounting is immaterial. The company's cash and cash equivalents, trade and most other debtors due with the operating cycle fall into this category of financial instruments.
Other financial assets
Other financial assets, which includes investments in equity instruments which are not classified as subsidiaries, associates or joint ventures, are initially measured at fair value, which is normally the recognised transaction price. Such assets are subsequently measured at fair value with the changes in fair value being recognised in the profit or loss. Where other financial assets are not publicly traded, hence their fair value cannot be measured reliably, they are measured at cost less impairment.
Impairment of financial assets
At the end of each reporting period financial assets measured at amortised cost are assessed for objective evidence of impairment. If an asset is impaired the impairment loss is the difference between the carrying amount and the present value of the estimated cash flows discounted at the asset’s original effective interest rate. The impairment loss is recognised in profit or loss.
Financial assets are impaired when events, subsequent to their initial recognition, indicate the estimated future cash flows derived from the financial asset(s) have been adversely impacted. The impairment loss will be the difference between the current carrying amount and the present value of the future cash flows at the asset(s) original effective interest rate.
If there is a favourable change in relation to the events surrounding the impairment loss then the impairment can be reviewed for possible reversal. The reversal will not cause the current carrying amount to exceed the original carrying amount had the impairment not been recognised. The impairment reversal is recognised in the profit or loss.
Financial liabilities
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after the deduction of all its liabilities.
Basic financial liabilities, which include trade and other creditors, bank loans and other loans are initially measured at their transaction price (adjusting for transaction costs except in the initial measurement of financial liabilities that are subsequently measured at fair value through profit and
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SUPPORT IN SPORT (UK) LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
2.Accounting policies (continued)
loss). When this constitutes a financing transaction, whereby the debt instrument is measured at the present value of the future payments discounted at a market rate of interest, discounting is omitted where the effect of discounting is immaterial.
Debt instruments are subsequently carried at their amortised cost using the effective interest rate method.
Trade creditors are obligations to pay for goods and services that have been acquired in the ordinary course of business from suppliers. Trade creditors are classified as current liabilities if the payment is due within one year. If not, they represent non-current liabilities. Trade creditors are initially recognised at their transaction price and subsequently are measured at amortised cost using the effective interest method. Discounting is omitted where the effect of discounting is immaterial.
Other financial instruments
Derivatives, including forward exchange contracts, futures contracts and interest rate swaps, are not classified as basic financial instruments. These are initially recognised at fair value on the date the derivative contract is entered into, with costs being charged to the profit or loss. They are subsequently measured at fair value with changes in the profit or loss.
Debt instruments that do not meet the conditions as set out in FRS 102 paragraph 11.9 are subsequently measured at fair value through the profit or loss. This recognition and measurement would also apply to financial instruments where the performance is evaluated on a fair value basis as with a documented risk management or investment strategy.
Derecognition of financial instruments
Derecognition of financial assets
Financial assets are derecognised when their contractual right to future cash flow expire, or are settled, or when the company transfers the asset and substantially all the risks and rewards of ownership to another party. If significant risks and rewards of ownership are retained after the transfer to another party, then the company will continue to recognise the value of the portion of the risks and rewards retained.
Derecognition of financial liabilities
Financial liabilities are derecognised when the company's contractual obligations expire or are discharged or cancelled.
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SUPPORT IN SPORT (UK) LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
The company makes estimates and assumptions concerning the future. The resulting accounting estimates will, by definition, seldom equal the related actual results. The estimates and assumptions that have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next financial year are discussed below.
(a) Establishing useful economic lives for depreciation purposes of property, plant and equipment
Long-lived assets, consisting primarily of property, plant and equipment, comprise a significant portion of the total fixed assets. The annual depreciation charge depends primarily on the estimated useful economic lives of each type of asset and estimates of residual values. The directors regularly review these assets useful economic lives and change them as necessary to reflect current thinking on remaining lives in light of prospective economic utilisation and physical condition of the assets concerned. Changes in asset useful lives can have a significant impact on depreciation charges for the period. Details of the depreciation policies based on estimated useful economic lives are included in accounting policies note 2.12.
(b) Inventory provision
The company is involved in the construction industry and are engaged in a number of long term contracts at the year end. As a result it is necessary to consider the recoverability of the cost of inventory and the associated provisioning required. When calculating the inventory provision, management considers the stage of completion, the estimated realisable value and the estimated costs to completion. The level of provision required is reviewed on an on-going basis.
(c) Providing for doubtful debts
The company makes an estimate of the recoverable value of trade and other debtors. The company uses estimates based on historical experience in determining the level of debts, which the company believes, will not be collected. These estimates include such factors as the credit rating of the debtor, the ageing profile of debtors and historical experience. Any significant change in the level of customers that default on payments or other significant improvements that resulted in a change in the level of bad debt provision would have an impact on the operating results. The level of provision required is reviewed on an on-going basis.
(d) Management charges
The group recharges costs associated with managements' time spent across its subsidiary companies. Management charges incurred by the company are recharged at arm's length, based on actual costs and salary costs incurred by management whilst working on Support in Sport (UK) Limited.
(e) Pitch installation provision
The company's pitch installation service adheres to a strict quality requirement, whereby if these are not met the customer is entitled to additional works to bring the pitch up to the required standard. The company calculates the required provision by estimating the costs anticipated to rectify the pitches laid up until the balance sheet date.
Management have the knowledge and experience to reasonably estimate the labour time and material costs to rectify the pitches in question.
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SUPPORT IN SPORT (UK) LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
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SUPPORT IN SPORT (UK) LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
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SUPPORT IN SPORT (UK) LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
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