| REGISTERED NUMBER: |
| Unaudited Financial Statements for the Year Ended 28th February 2025 |
| for |
| Adi Boardsports Limited |
| REGISTERED NUMBER: |
| Unaudited Financial Statements for the Year Ended 28th February 2025 |
| for |
| Adi Boardsports Limited |
| Adi Boardsports Limited (Registered number: 07538434) |
| Contents of the Financial Statements |
| for the Year Ended 28th February 2025 |
| Page |
| Company Information | 1 |
| Balance Sheet | 2 |
| Notes to the Financial Statements | 4 |
| Adi Boardsports Limited |
| Company Information |
| for the Year Ended 28th February 2025 |
| DIRECTOR: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| Central Chambers |
| 227 London Road |
| Hadleigh |
| Benfleet |
| Essex |
| SS7 2RF |
| Adi Boardsports Limited (Registered number: 07538434) |
| Balance Sheet |
| 28th February 2025 |
| 28/2/25 | 29/2/24 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Tangible assets | 4 |
| CURRENT ASSETS |
| Stocks |
| Debtors | 5 |
| Cash at bank |
| CREDITORS |
| Amounts falling due within one year | 6 |
| NET CURRENT LIABILITIES | ( |
) | ( |
) |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
( |
) |
( |
) |
| CREDITORS |
| Amounts falling due after more than one year |
7 |
( |
) |
( |
) |
| PROVISIONS FOR LIABILITIES | 9 | ( |
) | ( |
) |
| NET LIABILITIES | ( |
) | ( |
) |
| CAPITAL AND RESERVES |
| Called up share capital | 10 |
| Retained earnings | 11 | ( |
) | ( |
) |
| SHAREHOLDERS' FUNDS | ( |
) | ( |
) |
| The director acknowledges his 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. |
| Adi Boardsports Limited (Registered number: 07538434) |
| Balance Sheet - continued |
| 28th February 2025 |
| The financial statements were approved by the director and authorised for issue on |
| Adi Boardsports Limited (Registered number: 07538434) |
| Notes to the Financial Statements |
| for the Year Ended 28th February 2025 |
| 1. | STATUTORY INFORMATION |
| Adi Boardsports Limited is a |
| 2. | ACCOUNTING POLICIES |
| Basis of preparing the financial statements |
| 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 |
| Fixtures and fittings | - |
| Computer equipment | - |
| 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 year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 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. |
| Adi Boardsports Limited (Registered number: 07538434) |
| Notes to the Financial Statements - continued |
| for the Year Ended 28th February 2025 |
| 2. | ACCOUNTING POLICIES - continued |
| Hire purchase and leasing commitments |
| Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease. |
| 3. | EMPLOYEES AND DIRECTORS |
| The average number of employees during the year was |
| 4. | TANGIBLE FIXED ASSETS |
| Fixtures |
| and | Computer |
| fittings | equipment | Totals |
| £ | £ | £ |
| COST |
| At 1st March 2024 |
| and 28th February 2025 |
| DEPRECIATION |
| At 1st March 2024 |
| Charge for year |
| At 28th February 2025 |
| NET BOOK VALUE |
| At 28th February 2025 |
| At 29th February 2024 |
| No Fixed Assets are subject finance leases or hire purchase contracts |
| 5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 28/2/25 | 29/2/24 |
| £ | £ |
| Trade debtors |
| Other debtors |
| Adi Boardsports Limited (Registered number: 07538434) |
| Notes to the Financial Statements - continued |
| for the Year Ended 28th February 2025 |
| 6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 28/2/25 | 29/2/24 |
| £ | £ |
| Bank loans and overdrafts (see note 8) |
| Trade creditors |
| Taxation and social security |
| Other creditors |
| 7. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
| 28/2/25 | 29/2/24 |
| £ | £ |
| Bank loans (see note 8) |
| Amounts falling due in more than five years: |
| Repayable by instalments |
| Bank loans more 5 yr by instal | 414 | 2,068 |
| 8. | LOANS |
| An analysis of the maturity of loans is given below: |
| 28/2/25 | 29/2/24 |
| £ | £ |
| Amounts falling due within one year or on demand: |
| Bank loans |
| Amounts falling due between one and two years: |
| Bank loans - 1-2 years |
| Amounts falling due between two and five years: |
| Bank loans - 2-5 years |
| Amounts falling due in more than five years: |
| Repayable by instalments |
| Bank loans more 5 yr by instal | 414 | 2,068 |
| Adi Boardsports Limited (Registered number: 07538434) |
| Notes to the Financial Statements - continued |
| for the Year Ended 28th February 2025 |
| 9. | PROVISIONS FOR LIABILITIES |
| 28/2/25 | 29/2/24 |
| £ | £ |
| Deferred tax | 34 | 53 |
| Deferred |
| tax |
| £ |
| Balance at 1st March 2024 |
| Provided during year | ( |
) |
| Balance at 28th February 2025 |
| 10. | CALLED UP SHARE CAPITAL |
| Allotted, issued and fully paid: |
| Number: | Class: | Nominal | 28/2/25 | 29/2/24 |
| value: | £ | £ |
| Ordinary Shares | £1 | 3 | 3 |
| 11. | RESERVES |
| Retained |
| earnings |
| £ |
| At 1st March 2024 | ( |
) |
| Profit for the year |
| At 28th February 2025 | ( |
) |