ACCOUNTS - Final Accounts preparation

Registered number: 05566195

SUPPORT IN SPORT (MANUFACTURING) COMPANY LIMITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 DECEMBER 2024

SUPPORT IN SPORT (MANUFACTURING) COMPANY LIMITED

REGISTERED NUMBER: 05566195

STATEMENT OF FINANCIAL POSITION

AS AT 31 DECEMBER 2024

		2024		2023
Note		£		£

Fixed assets
Intangible assets	4		-		-
Tangible assets	5		2,336,052		2,105,986
			2,336,052		2,105,986
Current assets
Stocks	6	2,270,243		2,287,798
Debtors: amounts falling due within one year	7	1,216,613		815,887
Cash at bank and in hand		173,814		24,770
		3,660,670		3,128,455
Creditors: amounts falling due within one year	8	(3,368,258)		(2,502,579)
Net current assets			292,412		625,876
Total assets less current liabilities			2,628,464		2,731,862
Creditors: amounts falling due after more than one year	9		-		(82,292)
Provisions for liabilities
Deferred tax	10	(302,558)		(236,104)
Other provisions	11	-		(30,000)
			(302,558)		(266,104)
Net assets			2,325,906		2,383,466

Capital and reserves
Called up share capital			1,000		1,000
Profit and loss account			2,324,906		2,382,466
			2,325,906		2,383,466

The financial statements have been prepared 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 financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by:

Mr R J G Mccabe

Director

Date: 30 September 2025

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SUPPORT IN SPORT (MANUFACTURING) COMPANY LIMITED

REGISTERED NUMBER: 05566195

STATEMENT OF FINANCIAL POSITION (CONTINUED)

AS AT 31 DECEMBER 2024

The notes on pages 3 to 11 form part of these financial statements.

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SUPPORT IN SPORT (MANUFACTURING) COMPANY LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

1.	General information

Support in Sport (Manufacturing) Company Limited is a private company limited by shares incorporated in England. Its registered office is Tavistock Works, Glasson Industrial Estate, Maryport, Cumbria, CA15 8NT.

2.Accounting policies

2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgement in applying the company's accounting policies.

The following principal accounting policies have been applied:

2.2

Going concern

At the balance sheet date, the company has net current assets of £292,412 (2023 - £625,876) and net assets of £2,325,906 (2023 - £2,731,862) following a profit before tax in the period of £69,599 (2023 - £74,882). The company has no borrowings to date and has a closing cash position of £173,814 (2023 - £24,770).
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.

2.3

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:

∙the company has transferred the significant risks and rewards of ownership to the buyer;

∙the company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;

∙the amount of revenue can be measured reliably;

∙it is probable that the company will receive the consideration due under the transaction; and

∙the costs incurred or to be incurred in respect of the transaction can be measured reliably.

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SUPPORT IN SPORT (MANUFACTURING) COMPANY LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

2.Accounting policies (continued)

2.4

Intangible assets

Intangible assets are initially recognised at cost. After recognition, under the cost model, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

All intangible assets are considered to have a finite useful life. If a reliable estimate of the useful life cannot be made, the useful life shall not exceed ten years.

2.5

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

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:

				Freehold Property	-	50 years straight line
				Leasehold property	-	4 years straight line
				Plant and machinery	-	4, 5, or 25 years straight line
				Motor vehicles	-	4 years straight line
				Fixtures and fittings	-	5 years straight line
				Equipment	-	3 years straight line

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.

2.6

Operating leases: the company as lessee

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

Benefits received and receivable as an incentive to sign an operating lease are recognised on a straight-line basis over the lease term, unless another systematic basis is representative of the time pattern of the lessee's benefit from the use of the leased asset.

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SUPPORT IN SPORT (MANUFACTURING) COMPANY LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

2.Accounting policies (continued)

2.7

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads.

At each reporting date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

2.8

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

2.9

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

2.10

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

2.11

Government grants

Grants are accounted under the accruals model as permitted by FRS 102. Grants relating to expenditure on tangible fixed assets are credited to profit or loss at the same rate as the depreciation on the assets to which the grant relates. The deferred element of grants is included in creditors as deferred income.
Grants of a revenue nature are recognised in the Statement of Comprehensive Income in the same period as the related expenditure.

2.12

Foreign currency translation

Functional and presentation currency

The company's functional and presentational currency is GBP, denoted by the symbol '£'.

Transactions and balances

Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.

At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.

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SUPPORT IN SPORT (MANUFACTURING) COMPANY LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

2.Accounting policies (continued)

2.13

Pensions

Defined contribution pension plan

The company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the company pays fixed contributions into a separate entity. Once the contributions have been paid the company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Statement of Financial Position. The assets of the plan are held separately from the company in independently administered funds.

2.14

Interest income

Interest income is recognised in profit or loss using the effective interest method.

2.15

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the reporting date, except that:

∙The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and

∙Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.

2.16

Research and development

In the research phase of an internal project it is not possible to demonstrate that the project will generate future economic benefits and hence all expenditure on research shall be recognised as an expense when it is incurred. Intangible assets are recognised from the development phase of a project if and only if certain specific criteria are met in order to demonstrate the asset will generate probable future economic benefits and that its cost can be reliably measured. The capitalised development costs are subsequently amortised on a straight-line basis over their useful economic lives, which range from 3 to 6 years.
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 (MANUFACTURING) COMPANY LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

3.

Employees

The average monthly number of employees, including directors, during the year was 25 (2023 - 27).

4.	Intangible assets

		Patents
		£
	Cost
	At 1 January 2024	3,905
	At 31 December 2024	3,905
	Amortisation
	At 1 January 2024	3,905
	At 31 December 2024	3,905
	Net book value
	At 31 December 2024	-
	At 31 December 2023	-

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		SUPPORT IN SPORT (MANUFACTURING) COMPANY LIMITED

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024

	5.	Tangible fixed assets

		Freehold property	Long-term leasehold property	Plant and machinery	Motor vehicles	Fixtures and fittings	Office equipment	Other fixed assets	Total
		£	£	£	£	£	£	£	£
	Cost or valuation
	At 1 January 2024	877,902	166,468	2,571,262	17,876	9,978	45,560	18,225	3,707,271
	Additions	44,540	21,836	378,085	-	655	8,262	-	453,378
	Disposals	(13,500)	-	(134,881)	-	-	-	-	(148,381)
	At 31 December 2024	908,942	188,304	2,814,466	17,876	10,633	53,822	18,225	4,012,268
	Depreciation
	At 1 January 2024	97,177	126,006	1,311,860	11,131	7,716	45,269	2,126	1,601,285
	Charge for the year on owned assets	18,188	12,606	171,708	2,377	801	1,922	3,645	211,247
	Disposals	(1,435)	-	(134,881)	-	-	-	-	(136,316)
	At 31 December 2024	113,930	138,612	1,348,687	13,508	8,517	47,191	5,771	1,676,216
	Net book value
	At 31 December 2024	795,012	49,692	1,465,779	4,368	2,116	6,631	12,454	2,336,052
	At 31 December 2023	780,725	40,462	1,259,402	6,745	2,262	291	16,099	2,105,986

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SUPPORT IN SPORT (MANUFACTURING) COMPANY LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

6.	Stocks
					2024	2023
					£	£

	Raw materials and consumables	1,734,821	1,478,672
	Work in progress	63,844	123,714
	Finished goods and goods for resale	471,578	685,412
		2,270,243	2,287,798

7.

Debtors

					2024	2023
					£	£


	Trade debtors	159,996	217,682
	Amounts owed by group undertakings	361,893	176,836
	Other debtors	48,022	41,307
	Corporation tax receivable	-	43,505
	Prepayments and accrued income	646,702	336,557
		1,216,613	815,887

Amount owed by group undertakings are interest free, unsecured and repayable on demand.

8.	Creditors: Amounts falling due within one year
					2024	2023
					£	£

	Trade creditors	1,041,632	856,892
	Amounts owed to group undertakings	2,114,292	1,512,846
	Other taxation and social security	114,317	76,930
	Other creditors	461	7,044
	Accruals and deferred income	97,556	48,867
		3,368,258	2,502,579

9.	Creditors: Amounts falling due after more than one year
					2024	2023
					£	£

	Government grants received	-	82,292

Support in Sport (Manufacturing) Company Limited received the above grant from the Cumbria Local Enterprise Partnership and the Growth Deal.

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SUPPORT IN SPORT (MANUFACTURING) COMPANY LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

10.	Deferred taxation

		2024
		£

	At beginning of year	(236,104)
	Charged to profit or loss	(66,454)
	At end of year	(302,558)

	The provision for deferred taxation is made up as follows:
					2024	2023
					£	£

	Fixed asset timing differences	(343,694)	(272,507)
	Tax losses carried forward	33,521	36,403
	Short term timing differences	7,615	-
		(302,558)	(236,104)

11.	Provisions

		Carpet rectification
		£

	At 1 January 2024	30,000
	Utilised in year	(30,000)
	At 31 December 2024	-

12.	Commitments and guarantees

There is a debenture in place comprising a fixed charge over the freehold and leasehold property and a floating charge over the other assets of the company.

13.	Pension commitments

The company operates a defined contribution pension scheme. The assets of the scheme are held separately from those of the company in an independently administered fund. The pension cost charge represents contributions payable by the company to the fund and amounted to £27,969 (2023 - £29,980).
Contributions totaling £461 (2023 - £7,044) were payable to the fund at the reporting date.

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SUPPORT IN SPORT (MANUFACTURING) COMPANY LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

14.Other financial commitments

The company had total guarantees and commitments at the balance sheet date of £34,870 (2023 - £76,080).

15.	Related party transactions

		2024	2023
		£	£

	Sales
	SISGrass B.V	197,736	152,293
	Support In Sport International	1,279,518	1,719,985
	Support In Sport Middle East	210,462	174,682
	Support In Sport (UK) Limited	3,210,037	3,148,085
	Support In Sport Group Ireland Limited	210,459	-
	Purchases
	SISGrass B.V	-	-
	Support In Sport (UK) Limited	-	-
	Support in Sport Group Limited	-	20,927
	Debtors
	Support In Sport Group Ireland Limited	210,459	-
	Support In Sport (UK) Limited	-	-
	Support in Sport Group Limited	-	-
	Support in Sport International	71,758	175,035
	SISGrass B.V	2,357	2,357
	Support in Sport Middle East	77,298	90,321
	Creditors
	Support In Sport Group Ireland Limited	21,171	895
	SISGrass B.V	186,296	189,515
	Support In Sport International	-	-
	Support in Sport (UK) Limited	1,632,602	1,243,299
	Support in Sport Group Limited	42,012	15,135

16.	Controlling party

The immediate parent undertaking is Support In Sport Group Limited, a company registered in England and Wales. The ultimate parent undertaking is Support In Sport Group (IRL) Ltd, a company registered in Ireland and controlled by Mr G A Mullan.
Support In Sport Group (IRL) Ltd is the parent undertaking of the largest group which consolidates the financial information of the company, a company registered in the Republic of ireland. Copies of the Group's financial statements may be obtained from Companies House Registration Office, Parnell House, 14 Parnell Square, Dublin.
Support in Sport Group (IRL) Ltd is owned by Vinceraven Unlimited Company which is owned and under the control of Mr G A Mullan.

17.	Auditors' information

The auditors' report on the financial statements for the year ended 31 December 2024 was unqualified.

The audit report was signed on 30 September 2025 by Lauren Graham (Senior Statutory Auditor) on behalf of Armstrong Watson Audit Limited.

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