REGISTERED NUMBER: 09624312 (England and Wales)

Unaudited Financial Statements

for the Year Ended 30 June 2025

for

NK Sports Podiatry Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

N Knight

REGISTERED OFFICE:

Pepper Mill Barn

Old Salisbury Lane

Romsey

Hampshire

SO51 0GD

REGISTERED NUMBER:

09624312 (England and Wales)

ACCOUNTANTS:

Roches

Chartered Accountants

1 Manor Court

6 Barnes Wallis Road

Segensworth

Fareham

Hampshire

PO15 5TH

FIXED ASSETS

Intangible assets

4

147

169

Tangible assets

5

23,042

35,466

23,189

35,635

CURRENT ASSETS

Debtors

6

14,320

18,187

Cash at bank

46,959

19,722

61,279

37,909

CREDITORS

Amounts falling due within one year

7

25,242

36,470

NET CURRENT ASSETS

36,037

1,439

TOTAL ASSETS LESS CURRENT LIABILITIES

59,226

37,074

CREDITORS

Amounts falling due after more than one year

8

(20,557

)

(26,038

)

PROVISIONS FOR LIABILITIES

(4,378

)

-

NET ASSETS

34,291

11,036

CAPITAL AND RESERVES

Called up share capital

100

100

Share premium

39,980

39,980

Retained earnings

(5,789

)

(29,044

)

SHAREHOLDERS' FUNDS

34,291

11,036

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2025 in accordance with Section 476 of the Companies Act 2006.

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.

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 director and authorised for issue on 5 November 2025 and were signed by:

N Knight - Director

1.	STATUTORY INFORMATION

NK Sports Podiatry 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.

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

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Patents and licences are being amortised evenly over their estimated useful life of nil years.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Plant and machinery etc

-

33% on cost, 25% on reducing balance and 15% on cost

Financial instruments

The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other accounts receivable and payable and loans to related parties.

Financial assets & financial liabilities are initially recognised at the transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method. However, if the arrangement constitutes a financing transaction then it is measured at the present value of the future receipts discounted at a market rate of interest.

Financial assets & financial liabilities classified as receivable within one year are not amortised.

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

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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

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.

Government grants

Government grants are recognised using the accrual model. Those relating to revenue expenditure are recognised in income on a systematic basis over the periods in which the entity recognizes the related cost for which the grant is intended to compensate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 9 (2024 - 8 ) .

4.	INTANGIBLE FIXED ASSETS

Other

intangible

assets

£

COST

At 1 July 2024

and 30 June 2025

220

AMORTISATION

At 1 July 2024

51

Charge for year

22

At 30 June 2025

73

NET BOOK VALUE

At 30 June 2025

147

At 30 June 2024

169

5.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

COST

At 1 July 2024

3,582

103,023

106,605

Additions

-

6,965

6,965

Disposals

-

(2,431

)

(2,431

)

At 30 June 2025

3,582

107,557

111,139

DEPRECIATION

At 1 July 2024

3,582

67,557

71,139

Charge for year

-

19,389

19,389

Eliminated on disposal

-

(2,431

)

(2,431

)

At 30 June 2025

3,582

84,515

88,097

NET BOOK VALUE

At 30 June 2025

-

23,042

23,042

At 30 June 2024

-

35,466

35,466

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and

machinery

etc

£

COST

At 1 July 2024

and 30 June 2025

3,840

DEPRECIATION

At 1 July 2024

841

Charge for year

1,268

At 30 June 2025

2,109

NET BOOK VALUE

At 30 June 2025

1,731

At 30 June 2024

2,999

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.6.25

30.6.24

£

£

Trade debtors

13,605

7,597

Other debtors

715

10,590

14,320

18,187

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.6.25

30.6.24

£

£

Bank loans and overdrafts

4,778

4,778

Hire purchase contracts (see note 9)

704

586

Trade creditors

4,572

14,313

Taxation and social security

6,016

2,266

Other creditors

9,172

14,527

25,242

36,470

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

30.6.25

30.6.24

£

£

Bank loans

18,713

23,491

Hire purchase contracts (see note 9)

1,844

2,547

20,557

26,038

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

-

4,380

9.	LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase

contracts

30.6.25

30.6.24

£

£

Net obligations repayable:

Within one year

704

586

Between one and five years

1,844

2,547

2,548

3,133

Non-cancellable

operating leases

30.6.25

30.6.24

£

£

Within one year

26,000

26,000

Between one and five years

6,500

32,500

32,500

58,500

10.	GOING CONCERN

As at the year end, the directors recognise the financial position of the company is one of net liabilities, however, they consider that the company will trade out of this position with their continued support.