Xtremity Sports Ltd - Filleted accounts

Registered number

10123542

Xtremity Sports Ltd

Filleted Accounts

31 March 2025

Xtremity Sports Ltd
Registered number: 10123542
Balance Sheet
as at 31 March 2025

	Notes		2025			2024
£				£
Fixed assets
Intangible assets	3		9,600			14,400
Tangible assets	4		368,382			282,527
			377,982			296,927

Current assets
Stocks		226,909			196,563
Debtors	5	17,523			67,736
Cash at bank and in hand		127,744			60,606
		372,176			324,905

Creditors: amounts falling due within one year	6	(148,524)			(145,728)

Net current assets			223,652			179,177

Total assets less current liabilities			601,634			476,104

Creditors: amounts falling due after more than one year	7		-			(6,775)



Net assets			601,634			469,329

Capital and reserves
Called up share capital			12			12
Share premium			147,148			147,148
Profit and loss account			454,474			322,169

Shareholders' funds			601,634			469,329

The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their 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.




Mr. M Asquith
Director
Approved by the board on 11 December 2025

Xtremity Sports Ltd
Notes to the Accounts
for the year ended 31 March 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:

	Freehold buildings	over 50 years
	Leasehold land and buildings	over the lease term
	Plant and machinery	25% reducing balance.
	Fixtures, fittings, tools and equipment	25% reducing balance.

	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.

	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			7		5


3	Intangible fixed assets					£
	Goodwill:

	Cost
	At 1 April 2024					24,000
	At 31 March 2025					24,000

	Amortisation
	At 1 April 2024					9,600
	Provided during the year					4,800
	At 31 March 2025					14,400

	Net book value
	At 31 March 2025					9,600
	At 31 March 2024					14,400

	Goodwill is being written off in equal annual instalments over its estimated economic life of 5 years.


4	Tangible fixed assets
		Plant and machinery etc		Motor vehicles		Total
£			£		£
	Cost
	At 1 April 2024	244,810		154,163		398,973
	Additions	224,330		26,499		250,829
	Disposals	(29,000)		(75,088)		(104,088)
	At 31 March 2025	440,140		105,574		545,714

	Depreciation
	At 1 April 2024	84,002		32,444		116,446
	Charge for the year	64,509		22,413		86,922
	On disposals	(9,516)		(16,520)		(26,036)
	At 31 March 2025	138,995		38,337		177,332

	Net book value
	At 31 March 2025	301,145		67,237		368,382
	At 31 March 2024	160,808		121,719		282,527


5	Debtors			2025		2024
£					£

	Trade debtors			10,662		36,485
	Other debtors			6,861		31,251
				17,523		67,736


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

	Obligations under finance lease and hire purchase contracts			-		6,775
	Trade creditors			107,737		44,381
	Taxation and social security costs			31,715		3,849
	Other creditors			9,072		90,723
				148,524		145,728


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

	Obligations under finance lease and hire purchase contracts			-		6,775


8	Other information

	Xtremity Sports Ltd is a private company limited by shares and incorporated in England. Its registered office is:
	50 Cutlers Lane
	Stubbington
	Fareham
	Hampshire
	PO14 2JW