REGISTERED NUMBER: 05992689 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2025

FOR

G.D. SPORTS & LEISURE LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mrs W Drage

Ms L M Drage

M D Drage

REGISTERED OFFICE:

Atlantic House

Falklands Close

Canley

Coventry

CV4 8AU

REGISTERED NUMBER:

05992689 (England and Wales)

ACCOUNTANTS:

Walker Thompson Ltd

Accountants and Registered Auditors

Empress House

43A Binley Road

Coventry

CV3 1HU

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

203,829

137,938

203,829

137,938

CURRENT ASSETS

Stocks

214,003

213,921

Debtors

6

336,886

389,605

Investments

7

251,744

216,700

Cash at bank

562,781

563,132

1,365,414

1,383,358

CREDITORS

Amounts falling due within one year

8

478,473

518,318

NET CURRENT ASSETS

886,941

865,040

TOTAL ASSETS LESS CURRENT LIABILITIES

1,090,770

1,002,978

PROVISIONS FOR LIABILITIES

25,461

14,799

NET ASSETS

1,065,309

988,179

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

1,065,209

988,079

SHAREHOLDERS' FUNDS

1,065,309

988,179

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 28 October 2025 and were signed on its behalf by:

Mrs W Drage - Director

1.	STATUTORY INFORMATION

G.D. Sports & Leisure Limited is a private company, limited by shares , registered in England and Wales. 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.	ACCOUNTING POLICIES

Basis of preparing the financial statements

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

Turnover

Turnover represents net invoiced sales, excluding value added tax and is recognised at the point of invoice to the customer in respect of goods and services supplied during the year.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2008, is being amortised evenly over its estimated useful life of four years.

Intellectual property

The company's intellectual property which it acquired with the trade is being amortised evenly over its estimated useful life of four years.

Tangible fixed assets

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

Freehold property

-

2% on cost

Plant and machinery

-

25% on reducing balance

Fixtures and fittings

-

15% on cost

Motor vehicles

-

25% on reducing balance

Computer Equipment

-

Straight line over 3 years

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.

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.

Any assets used by the company under contract lease terms are written off to the profit & loss account on a cash basis.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 16 (2024 - 13 ) .

4.	INTANGIBLE FIXED ASSETS

Other

intangible

Goodwill

assets

Totals

£

£

£

COST

At 1 February 2024

and 31 January 2025

5,000

5,000

10,000

AMORTISATION

At 1 February 2024

and 31 January 2025

5,000

5,000

10,000

NET BOOK VALUE

At 31 January 2025

-

-

-

At 31 January 2024

-

-

-

5.	TANGIBLE FIXED ASSETS

Fixtures

Freehold

Plant and

and

property

machinery

fittings

£

£

£

COST

At 1 February 2024

66,240

150

13,333

Additions

26,199

-

48,641

Disposals

-

-

-

At 31 January 2025

92,439

150

61,974

DEPRECIATION

At 1 February 2024

-

150

10,978

Charge for year

1,849

-

7,649

Eliminated on disposal

-

-

-

At 31 January 2025

1,849

150

18,627

NET BOOK VALUE

At 31 January 2025

90,590

-

43,347

At 31 January 2024

66,240

-

2,355

Motor

Computer

vehicles

Equipment

Totals

£

£

£

COST

At 1 February 2024

123,075

44,226

247,024

Additions

12,400

17,698

104,938

Disposals

(16,000

)

-

(16,000

)

At 31 January 2025

119,475

61,924

335,962

DEPRECIATION

At 1 February 2024

60,772

37,186

109,086

Charge for year

18,275

9,672

37,445

Eliminated on disposal

(14,398

)

-

(14,398

)

At 31 January 2025

64,649

46,858

132,133

NET BOOK VALUE

At 31 January 2025

54,826

15,066

203,829

At 31 January 2024

62,303

7,040

137,938

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

333,870

337,819

Other debtors

727

49,485

Prepayments

2,289

2,301

336,886

389,605

7.	CURRENT ASSET INVESTMENTS

2025

2024

£

£

Listed investments

251,744

216,700

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

-

31

Trade creditors

228,803

291,087

Tax

22,637

32,622

Social security and other taxes

7,294

-

VAT

113,420

86,917

Other creditors

99,848

101,447

Directors' loan

71

114

Accrued expenses

6,400

6,100

478,473

518,318