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Company registration number: 01437266 ________________________________________________________________________________________ ROXTON SPORTING LIMITED ________________________________________________________________________________________ UNAUDITED ANNUAL REPORT INFORMATION FOR FILING WITH THE REGISTRAR FOR THE YEAR ENDED 31 JANUARY 2025
ROXTON SPORTING LIMITED
CONTENTS
| Page
Balance Sheet | 1 - 2
Notes to the Financial Statements | 3 - 10
ROXTON SPORTING LIMITED REGISTERED NUMBER:01437266
BALANCE SHEET AS AT 31 JANUARY 2025
|  | 2025 |  | 2024
Note |  | £ |  | £
Fixed assets |  |  |  |  |
Tangible assets | 4 |  | 140,952 |  | 100,112
|  |  | 140,952 |  | 100,112
Current assets |  |  |  |  |
Stocks | 5 | 316,427 |  | 349,604 |
Debtors: amounts falling due within one year | 6 | 37,206 |  | 26,633 |
Cash at bank and in hand |  | 366,427 |  | 407,640 |
|  | 720,060 |  | 783,877 |
Creditors: amounts falling due within one year | 7 | (236,650) |  | (288,523) |
Net current assets |  |  | 483,410 |  | 495,354
Total assets less current liabilities |  |  | 624,362 |  | 595,466
Creditors: amounts falling due after more than one year | 8 |  | (25,425) |  | (15,000)
Net assets |  |  | 598,937 |  | 580,466
Capital and reserves |  |  |  |  |
Called up share capital | 9 |  | 663,592 |  | 663,592
Profit and loss account | 10 |  | (64,655) |  | (83,126)
|  |  | 598,937 |  | 580,466
Page 1
ROXTON SPORTING LIMITED REGISTERED NUMBER:01437266
BALANCE SHEET (CONTINUED) AS AT 31 JANUARY 2025 The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006. The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements. 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 profit and loss account in accordance with provisions applicable to companies subject to the small companies' regime. The financial statements on pages 1 to 10 were approved and authorised for issue by the board on 22 October 2025 and were signed on its behalf by:
A. W. Crawford
Director
Page 2
ROXTON SPORTING LIMITED
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JANUARY 2025 1.Accounting policies
| 1.1 | Statement of compliance
The principal activity of the Company during the year was the retail of country clothing and sports equipment. Roxton Sporting Limited is a private company limited by shares and is incorporated and domiciled in England and Wales. The address of its registered office and principal place of business is 1 & 2 The New Finches, Baydon, Marlborough, Wiltshire, SN8 2XA.
| 1.2 | Basis of preparation of financial statements
The financial statements have been prepared in accordance with United Kingdom Accounting Standards, including Section 1A 'Small Entities' of Financial Reporting Standard 102, ‘the Financial Reporting Standard applicable in the United Kingdom and the Republic of Ireland’ (“FRS 102”) and the Companies Act 2006. The financial statements have been prepared under the historical cost convention. The preparation of financial statements requires the use of certain critical accounting estimates. It also requires management to exercise its judgement in the process of applying the Company's accounting policies. The areas involving a higher degree of judgement or complexity, or areas where assumptions and estimates are significant to the financial statements, are disclosed in note 2.
| 1.3 | Revenue
Revenue is recognised to the extent that the Company obtains the right to consideration in exchange for its performance. Revenue is measured at the fair value of the consideration received or receivable, net of discounts, rebates and value added tax. The following criteria must also be met before revenue is recognised: Sale of goods Revenue from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have passed to the buyer, usually on delivery of the goods, the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the entity and the costs incurred or to be incurred in respect of the transaction can be measured reliably. Page 3
ROXTON SPORTING LIMITED
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JANUARY 2025 1.Accounting policies (continued)
| 1.4 | Tangible fixed assets
Tangible fixed assets are stated at cost less accumulated depreciation and accumulated impairment losses. Cost includes the original purchase price, costs directly attributable to bringing the asset to its working condition for its intended use and dismantling and restoration costs. Depreciation is calculated, using the straight line method, to allocate the cost of assets less their residual value over their estimated useful lives, as follows: Leaseholding improvements - over the term of the lease Motor vehicles - 4 years Fixtures & fittings - over 2 to 10 years The assets’ residual values and useful lives are reviewed, and adjusted, if appropriate, at the end of each reporting period. The effect of any change is accounted for prospectively. Subsequent costs are included in the assets’ carrying amount or recognised as a separate asset, as appropriate, only when it is probable that economic benefits associated with the item will flow to the Company and the cost can be measured reliably. Repairs and maintenance costs are expensed as incurred. Tangible fixed assets are derecognised on disposal or when no future economic benefits are expected. On disposal, the difference between the net disposal proceeds and the carrying amount is recognised in the Profit and Loss Account and included in ‘administrative expenses’.
| 1.5 | Stocks
Stock is stated at the lower of cost and estimated selling price less costs to sell. Stock is recognised as an expense in the period in which the related revenue is recognised. Cost is determined on the first-in, first-out (FIFO) method. Cost includes all costs incurred in bringing the stock to its present location and condition. At the end of each reporting period stock is assessed for impairment. If an item of stock is impaired, the identified stock is reduced to its selling price less costs to sell and an impairment charge is recognised in the Profit and Loss Account. Where a reversal of the impairment is required the impairment charge is reversed, up to the original impairment loss, and is recognised as a credit in the Profit and Loss Account. Page 4
ROXTON SPORTING LIMITED
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JANUARY 2025 1.Accounting policies (continued)
| 1.6 | Financial instruments
The Company has chosen to adopt Sections 11 and 12 of FRS 102 in respect of financial instruments. Short term debtors and creditors Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the Profit and Loss Account in ‘administrative expenses’. Cash and cash equivalents Cash and cash equivalents comprise cash at bank and in hand. Loans Loans which are basic financial instruments are initially recorded at the present value of future payments discounted at a market rate of interest for a similar loan. Subsequently, they are measured at amortised cost using the effective interest method. Loans that are payable within one year are not discounted. Offsetting Financial assets and liabilities are offset and 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.
| 1.7 | Foreign currency translation
Functional and presentation currency The Company's functional and presentation currency is the pound sterling. 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. Foreign exchange gains and losses resulting from the settlement of transactions and from the translation at period end exchange rates of monetary assets and liabilities denominated in foreign currencies are recognised in the Profit and Loss Account. All foreign exchange gains and losses are presented in the Profit and Loss Account and included in 'administrative expenses'. Page 5
ROXTON SPORTING LIMITED
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JANUARY 2025 1.Accounting policies (continued)
| 1.8 | Leases
At inception the Company assesses agreements that transfer the right to use assets. The assessment considers whether the arrangement is, or contains, a lease based on the substance of the arrangement. Operating leases Leases that do not transfer all the risks and rewards of ownership are classified as operating leases. Rentals payable under operating leases are charged to the Profit and Loss Account on a straight line basis over the period of the lease. Lease incentives are recognised over the lease term on a straight line basis. Hire purchase and finance leases Assets held under finance leases and hire purchase contracts, which are leases where substantially all the risks and rewards of ownership of the asset have passed to the Company, are capitalised in the Balance Sheet and are depreciated over the assets' useful lives. A corresponding liability is recognised for the lower of the fair value of the leased asset and the present value of the minimum lease payments in the Balance Sheet. Lease payments are apportioned between the reduction of the lease liability and finance charges in the Profit and Loss Account so as to achieve a constant rate of interest on the remaining balance of the liability.
| 1.9 | Pensions
The Company contributes to 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 when they are due. Amounts not paid are shown in accruals in the balance sheet. The assets of the plan are held separately from the Company in independently administered funds. Page 6
ROXTON SPORTING LIMITED
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JANUARY 2025 1.Accounting policies (continued)
| 1.10 | Current and deferred taxation
Taxation expense for the period comprises current and deferred tax recognised in the reporting period. Tax is recognised in the Profit and Loss Account. Current or deferred taxation assets and liabilities are not discounted. Current tax Current tax is the amount of corporation tax payable in respect of the taxable profit for the year or prior years. Tax is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the period end. Management periodically evaluates positions taken in tax returns with respect to situations in which applicable tax regulation is subject to interpretation. It establishes provisions where appropriate on the basis of amounts expected to be paid to the tax authorities. Deferred tax Deferred tax arises from timing differences that are differences between taxable profits and profit on ordinary activities before taxation as stated in the financial statements. These timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in the financial statements. Deferred tax is recognised on all timing differences at the reporting date except for certain exceptions. Unrelieved tax losses and other deferred tax assets are only recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. 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.
| 1.11 | Share capital
Ordinary shares are classified as equity.
| 1.12 | Related party transactions
The Company discloses transactions with related parties which are not wholly owned within the same group. It does not disclose transactions with members of the same group that are wholly owned. Where appropriate, transactions of a similar nature are aggregated unless, in the opinion of the directors separate disclosure is necessary to understand the effect of the transactions on the Company’s financial statements.
2. | Judgements in applying accounting policies
In preparing the financial statements management are required to make judgements, estimates and assumptions that affect the amounts reported for assets and liabilities as at the balance sheet date and the amounts reported for revenues and expenses during the year. However, the nature of estimation means that actual outcomes could differ from these estimates. Whilst management have made judgements, estimates and assumptions in preparing the financial statements, they consider that these have not had a significant effect on amounts recognised. Page 7
ROXTON SPORTING LIMITED
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JANUARY 2025
3. | Employees
| The average monthly number of employees, including directors, during the year was 26 (2024 - 26).
4. | Tangible fixed assets
|  | Leasehold improvements | Motor vehicles | Fixtures and fittings | Total
|  | £ | £ | £ | £
| Cost |  |  |  |
| At 1 February 2024 | 188,092 | 42,408 | 148,493 | 378,993
| Additions | 36,290 | 33,200 | - | 69,490
| Disposals | (37,798) | (25,159) | - | (62,957)
| At 31 January 2025 | 186,584 | 50,449 | 148,493 | 385,526
| Depreciation |  |  |  |
| At 1 February 2024 | 87,980 | 42,408 | 148,493 | 278,881
| Charge for the year | 21,650 | 7,000 | - | 28,650
| Disposals | (37,798) | (25,159) | - | (62,957)
| At 31 January 2025 | 71,832 | 24,249 | 148,493 | 244,574
| Net book value |  |  |  |
| At 31 January 2025 | 114,752 | 26,200 | - | 140,952
| At 31 January 2024 | 100,112 | - | - | 100,112
5. | Stocks
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Finished goods and goods for resale | 316,427 | 349,604
Page 8
ROXTON SPORTING LIMITED
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JANUARY 2025
6. | Debtors
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Trade debtors | 487 | 248
| Other debtors | 16,799 | 6,744
| Prepayments and accrued income | 19,920 | 19,641
|  | 37,206 | 26,633
7. | Creditors: Amounts falling due within one year
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Bounce back loan | 10,000 | 10,000
| Other loans | 38,400 | 42,000
| Trade creditors | 6,687 | 33,069
| Other taxation and social security | 77,129 | 82,516
| Obligations under finance lease and hire purchase contracts | 3,046 | 7,993
| Other creditors | 33,917 | 32,510
| Accruals and deferred income | 67,471 | 80,435
|  | 236,650 | 288,523
8. | Creditors: Amounts falling due after more than one year
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Bounce back loan | 5,000 | 15,000
| Obligations under finance lease and hire purchase contracts | 20,425 | -
|  | 25,425 | 15,000
| The finance leases and hire purchase contracts are secured on the assets concerned.
Page 9
ROXTON SPORTING LIMITED
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JANUARY 2025
9. | Share capital
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
|  | Allotted, called up and fully paid |  |
|  | 663,592 (2024 - 663,592) Ordinary shares of £1.00 each | 663,592 | 663,592
10. | Reserves
Profit and loss account The profit & loss account represents accumulated losses.
11. | Commitments under operating leases
| At 31 January 2025 the Company had future minimum lease payments due under non-cancellable operating leases for each of the following periods:
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Not later than 1 year | 104,645 | 96,000
| Later than 1 year and not later than 5 years | 261,435 | 294,000
| Later than 5 years | 131,908 | 176,000
|  | 497,988 | 566,000
12. | Related party disclosures
During the year, the Company incurred interest charges from directors of the Company and their close family members of £3,118 (2024: £3,291). At the balance sheet date the Company owed the directors and their close family members £38,400 (2024: £42,000) and accrued interest of £9,821 (2024: £6,703).
Page 10