Sportsmasters (UK) Limited - Filleted accounts

Registered number

SC302866

Sportsmasters (UK) Limited

Unaudited Filleted Accounts

30 June 2025

Sportsmasters (UK) Limited
Registered number:		SC302866
Balance Sheet
as at 30 June 2025

Notes			2025			2024
£				£
Fixed assets
Intangible assets	3		1,552			3,112
Tangible assets	4		423,474			334,021
			425,026			337,133

Current assets
Stocks		22,950			60,180
Debtors	5	316,787			474,979
Cash at bank and in hand		491,943			-
		831,680			535,159

Creditors: amounts falling due within one year	6	(559,309)			(601,864)

Net current assets/(liabilities)			272,371			(66,705)

Total assets less current liabilities			697,397			270,428

Creditors: amounts falling due after more than one year	7		(114,102)			(46,042)

Provisions for liabilities			(101,223)			(77,699)

Net assets			482,072			146,687

Capital and reserves
Called up share capital			10,000			10,000
Profit and loss account			472,072			136,687

Shareholder's funds			482,072			146,687

The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.



Gavin Brown
Director
Approved by the board on 5 December 2025

Sportsmasters (UK) Limited
Notes to the Accounts
for the year ended 30 June 2025


1	Accounting policies

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).

	Turnover
	Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.

	Intangible fixed assets
	Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.

	Tangible fixed assets
	Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:

	Plant and machinery	over 5 to 10 years
	Motor vehicles	over 5 years


	Stocks
	Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.

	Debtors
	Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

	Creditors
	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

	Taxation
	A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.


	Provisions
	Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.

	Foreign currency translation
	Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.

	Leased assets
	A lease is classified as a finance lease if it transfers substantially all the risks and rewards incidental to ownership. All other leases are classified as operating leases. The rights of use and obligations under finance leases are initially recognised as assets and liabilities at amounts equal to the fair value of the leased assets or, if lower, the present value of the minimum lease payments. Minimum lease payments are apportioned between the finance charge and the reduction in the outstanding liability using the effective interest rate method. The finance charge is allocated to each period during the lease so as to produce a constant periodic rate of interest on the remaining balance of the liability. Leased assets are depreciated in accordance with the company's policy for tangible fixed assets. If there is no reasonable certainty that ownership will be obtained at the end of the lease term, the asset is depreciated over the lower of the lease term and its useful life. Operating lease payments are recognised as an expense on a straight line basis over the lease term.

	Pensions
	Contributions to defined contribution plans are expensed in the period to which they relate.




2	Employees			2025		2024
Number					Number

	Average number of persons employed by the company			15		14


3	Intangible fixed assets					£
	Goodwill:

	Cost
	At 1 July 2024					31,192
	At 30 June 2025					31,192

	Amortisation
	At 1 July 2024					28,080
	Provided during the year					1,560
	At 30 June 2025					29,640

	Net book value
	At 30 June 2025					1,552
	At 30 June 2024					3,112

	Goodwill is being written off in equal annual instalments over its estimated economic life of 20 years.

4	Tangible fixed assets
		Plant and machinery etc		Motor vehicles		Total
£			£		£
	Cost
	At 1 July 2024	951,672		239,040		1,190,712
	Additions	29,950		144,100		174,050
	Disposals	(14,500)		(61,535)		(76,035)
	At 30 June 2025	967,122		321,605		1,288,727

	Depreciation
	At 1 July 2024	688,684		168,007		856,691
	Charge for the year	62,064		19,203		81,267
	On disposals	(12,400)		(60,305)		(72,705)
	At 30 June 2025	738,348		126,905		865,253

	Net book value
	At 30 June 2025	228,774		194,700		423,474
	At 30 June 2024	262,988		71,033		334,021




5	Debtors			2025		2024
£					£

	Trade debtors			291,414		474,979
	Other debtors			25,373		-
				316,787		474,979
	Included in other debtors is a short term loan of £25,000 to the sole director. The loan is unsecured and repayable on demand with interest charged at the HMRC official rate.

6	Creditors: amounts falling due within one year			2025		2024
£					£

	Bank loans and overdrafts			10,000		117,689
	Obligations under finance lease and hire purchase contracts			56,638		49,016
	Trade creditors			256,426		287,226
	Other taxes and social security costs			137,640		38,042
	Other creditors			98,605		109,891
				559,309		601,864


7	Creditors: amounts falling due after one year			2025		2024
£					£

	Bank loans			4,167		14,167
	Obligations under finance lease and hire purchase contracts			109,935		31,875
				114,102		46,042

8	Loans			2025		2024
£					£
	Creditors include:

	Secured bank loans			14,167		24,167

	The bank loan is secured by a bond and floating charge over all assets and is subject to variable interest as notified annually by the lender. The loan is repayable by instalments over two years.

9	Other information

	Sportsmasters (UK) Limited is a private company limited by shares and incorporated in Scotland. Its registered office is:
	Springfield Farm
	Springfield Road
	Penicuik
	Midlothian
	EH26 8PR