REGISTERED NUMBER: 13899490 (England and Wales)

Unaudited Financial Statements for the Year Ended 28 February 2025

for

Mcgillvary Sports Enterprise Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

J McGillvary

Miss H J Wright

SECRETARY:

J McGillvary

REGISTERED OFFICE:

Horley Green House

Horley Green Road

Halifax

HX3 6AS

REGISTERED NUMBER:

13899490 (England and Wales)

ACCOUNTANTS:

Horley Green Chartered Accountants

Horley Green House

Horley Green Road

Claremount

Halifax

West Yorkshire

HX3 6AS

FIXED ASSETS

Tangible assets

4

58,755

787

CURRENT ASSETS

Debtors

5

22,322

8,000

Cash at bank

213,301

172,717

235,623

180,717

CREDITORS

Amounts falling due within one year

6

33,943

42,134

NET CURRENT ASSETS

201,680

138,583

TOTAL ASSETS LESS CURRENT LIABILITIES

260,435

139,370

CREDITORS

Amounts falling due after more than one year

7

64,304

-

NET ASSETS

196,131

139,370

RESERVES

Retained earnings

196,131

139,370

196,131

139,370

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 20 November 2025 and were signed on its behalf by:

J McGillvary - Director

1.	STATUTORY INFORMATION

Mcgillvary Sports Enterprise 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 represents the net amount receivable for goods supplied and services provided, excluding value added tax, except in respect of service contracts where turnover is recognised when the company obtains the right to consideration.

Tangible fixed assets

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

Taxation

Taxation for the year 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 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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2024 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Motor

Computer

machinery

vehicles

equipment

Totals

£

£

£

£

COST

Additions

1,757

75,000

1,582

78,339

At 28 February 2025

1,757

75,000

1,582

78,339

DEPRECIATION

Charge for year

439

18,750

395

19,584

At 28 February 2025

439

18,750

395

19,584

NET BOOK VALUE

At 28 February 2025

1,318

56,250

1,187

58,755

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

28.2.25

29.2.24

£

£

Trade debtors

18,400

8,000

Tax

3,922

-

22,322

8,000

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

28.2.25

29.2.24

£

£

Tax

16,352

12,702

Social security and other taxes

-

1,049

VAT

4,190

4,643

Directors' loan accounts

12,886

-

Accrued expenses

515

23,740

33,943

42,134

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

28.2.25

29.2.24

£

£

Hire purchase contracts

64,304

-

8.	RELATED PARTY DISCLOSURES

The company is controlled by the company director.