REGISTERED NUMBER: SC792118 (Scotland)

Financial Statements

for the Period 11 December 2023 to 31 December 2024

for

SPORTEX RECYCLING LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

J D Blamire

L A McGeechan

REGISTERED OFFICE:

13-17 Abbotsinch Road

Grangemouth

FK3 9UX

REGISTERED NUMBER:

SC792118 (Scotland)

SENIOR STATUTORY AUDITOR:

Robert Andrew Pollock CA

AUDITORS:

Sharles Audit Limited

Statutory Auditor

29 Brandon Street

Hamilton

ML3 6DA

FIXED ASSETS

Tangible assets

5

32,029

CURRENT ASSETS

Stocks

135,620

Debtors

6

973,955

Cash at bank

24,960

1,134,535

CREDITORS

Amounts falling due within one year

7

1,123,184

NET CURRENT ASSETS

11,351

TOTAL ASSETS LESS CURRENT LIABILITIES

43,380

PROVISIONS FOR LIABILITIES

8,007

NET ASSETS

35,373

CAPITAL AND RESERVES

Called up share capital

100

Retained earnings

35,273

35,373

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 30 September 2025 and were signed on its behalf by:

L A McGeechan - Director

1.	STATUTORY INFORMATION

Sportex Recycling Ltd is a private company, limited by shares , registered in Scotland. 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. There were no material departures from the standard.

3.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements have been prepared under the historical cost convention.

The accounts have been prepared on a going concern basis, as the company will receive support from fellow subsidiary companies and the parent company.

Related party exemption

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Turnover is derived from recycling activities carried out by the company.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery etc

-

20% on cost

Tangible fixed assets held for the group's own use are stated at cost less accumulated depreciation and accumulated impairment loss.

At each balance sheet date, the group reviews the carrying amounts of its tangible fixed assets to determine whether there is any indication that any items have suffered an impairment loss. If any such indication exists, the recoverable amount of an asset is estimated in order to determine the extent of the impairment loss. Where it is not possible to estimate the recoverable amount of the asset, the company estimates the recoverable amount of the cash-generating unit to which the asset belongs.

Expenditure of £1,000 or more on individual tangible fixed assets is capitalised at cost. Expenditure on assets below this threshold is charged directly to the profit and loss account in the period it is incurred.

Stocks

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

Taxation

Taxation for the period 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 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 period 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.

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 period was 16 .

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

Additions

36,815

At 31 December 2024

36,815

DEPRECIATION

Charge for period

4,786

At 31 December 2024

4,786

NET BOOK VALUE

At 31 December 2024

32,029

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

£

Trade debtors

361,727

Amounts owed by group undertakings

100

Other debtors

612,128

973,955

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

£

Trade creditors

1,073,467

Amounts owed to group undertakings

20,000

Taxation and social security

2,639

Other creditors

27,078

1,123,184

8.	DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Robert Andrew Pollock CA (Senior Statutory Auditor)

for and on behalf of Sharles Audit Limited

9.	RELATED PARTY DISCLOSURES

36Five a Side Ltd

A company in which J Blamire is the director.

36Five a Side Ltd charged the company a rent fee of £96,000. The company made repayments of £48,000 to 36Five a Side Ltd. At the period end, the balance due to 36Five a Side Ltd was £48,000.

These transactions were conducted under normal commercial terms. No interest was charged on outstanding amounts during this year.

10.	ULTIMATE CONTROLLING PARTY

The company's ultimate parent is Jack James Group Ltd, registered in Scotland under the reference SC266140.