Company Registration No. 04820881 (England and Wales)
Sports Installations Limited
Unaudited accounts
for the year ended 31 December 2024
Sports Installations Limited
Unaudited accounts
Contents
Sports Installations Limited
Company Information
for the year ended 31 December 2024
Company Number
04820881 (England and Wales)
Registered Office
28 Loughborough Road
Quorn
Leicestershire
LE12 8DX
Accountants
Bradgate Business Support Limited
Old Rectory Cottage
112 Main Street
Markfield
Leicestershire
LE67 9UX
Sports Installations Limited
Statement of financial position
as at 31 December 2024
Cash at bank and in hand
17
1,227
Creditors: amounts falling due within one year
(36,487)
(22,873)
Net current assets
24,530
8,538
Total assets less current liabilities
25,400
16,605
Creditors: amounts falling due after more than one year
(25,778)
(32,140)
Provisions for liabilities
Net liabilities
(543)
(17,068)
Called up share capital
100
100
Profit and loss account
(643)
(17,168)
Shareholders' funds
(543)
(17,068)
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. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 16 July 2025 and were signed on its behalf by
Mr M Steans
Director
Company Registration No. 04820881
Sports Installations Limited
Notes to the Accounts
for the year ended 31 December 2024
Sports Installations Limited is a private company, limited by shares, registered in England and Wales, registration number 04820881. The registered office is 28 Loughborough Road, Quorn, Leicestershire, LE12 8DX.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25% on a reducing balance basis
Motor vehicles
25% on a reducing balance basis
Fixtures & fittings
15% on a reducing balance basis
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term.
Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
Sports Installations Limited
Notes to the Accounts
for the year ended 31 December 2024
4
Tangible fixed assets
Plant & machinery
Computer equipment
Total
Cost or valuation
At cost
At cost
At 1 January 2024
37,678
403
38,081
Disposals
(13,975)
-
(13,975)
At 31 December 2024
23,703
403
24,106
At 1 January 2024
29,824
190
30,014
Charge for the year
229
32
261
On disposals
(7,039)
-
(7,039)
At 31 December 2024
23,014
222
23,236
At 31 December 2024
689
181
870
At 31 December 2023
7,854
213
8,067
Amounts falling due within one year
Trade debtors
61,000
30,000
6
Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
8,584
5,281
Taxes and social security
3,722
-
Loans from directors
13,655
11,867
7
Creditors: amounts falling due after more than one year
2024
2023
8
Average number of employees
During the year the average number of employees was 1 (2023: 1).