Company Registration No. 09998013 (England and Wales)
Ellingham Sporting Limited
Unaudited accounts
for the year ended 28 February 2025
Ellingham Sporting Limited
Statement of financial position
as at 28 February 2025
Tangible assets
38,469
50,283
Cash at bank and in hand
4,386
3,826
Creditors: amounts falling due within one year
(283,845)
(227,699)
Net current liabilities
(244,781)
(171,058)
Total assets less current liabilities
(206,312)
(120,775)
Creditors: amounts falling due after more than one year
(27,968)
(24,297)
Net liabilities
(234,280)
(145,072)
Called up share capital
100
100
Profit and loss account
(234,380)
(145,172)
Shareholders' funds
(234,280)
(145,072)
For the year ending 28 February 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered 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 profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 30 November 2025 and were signed on its behalf by
T R Mather
Director
Company Registration No. 09998013
Ellingham Sporting Limited
Notes to the Accounts
for the year ended 28 February 2025
Ellingham Sporting Limited is a private company, limited by shares, registered in England and Wales, registration number 09998013. The registered office is 2 Brockdam Cottages, Chathill, Northumberland, NE67 5HN.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Land & buildings
10 year straight line (Access Road), 20% on reducing balance on Sheds and Pens
Plant & machinery
20% on reducing balance
Motor vehicles
20% on reducing balance
Computer equipment
20% on reducing balance
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell.
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
Ellingham Sporting Limited
Notes to the Accounts
for the year ended 28 February 2025
4
Tangible fixed assets
Land & buildings
Plant & machinery
Motor vehicles
Total
Cost or valuation
At cost
At cost
At cost
At 1 March 2024
40,457
24,883
51,871
117,211
Disposals
-
-
(3,100)
(3,100)
At 28 February 2025
40,457
24,883
48,771
114,111
At 1 March 2024
24,627
17,387
24,914
66,928
Charge for the year
3,655
1,497
5,075
10,227
On disposals
-
-
(1,513)
(1,513)
At 28 February 2025
28,282
18,884
28,476
75,642
At 28 February 2025
12,175
5,999
20,295
38,469
At 29 February 2024
15,830
7,496
26,957
50,283
Amounts falling due within one year
Accrued income and prepayments
7,808
2,885
6
Creditors: amounts falling due within one year
2025
2024
Bank loans and overdrafts
43,353
44,526
Obligations under finance leases and hire purchase contracts
5,253
11,299
Trade creditors
133,923
73,374
Taxes and social security
610
1,330
Other creditors
73,492
74,473
Loans from directors
500
9,045
7
Creditors: amounts falling due after more than one year
2025
2024
Obligations under finance leases and hire purchase contracts
-
2,792
8
Average number of employees
During the year the average number of employees was 4 (2024: 4).