REGISTERED NUMBER: 08149247 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 March 2025

for

Fly Sports (UK) Limited

Page

Balance Sheet

1

Notes to the Financial Statements

3

FIXED ASSETS

Tangible assets

4

48,747

21,186

CURRENT ASSETS

Stocks

5

415,570

449,184

Debtors

6

162,294

116,826

Cash at bank

556,595

508,121

1,134,459

1,074,131

CREDITORS

Amounts falling due within one year

7

448,899

424,042

NET CURRENT ASSETS

685,560

650,089

TOTAL ASSETS LESS CURRENT LIABILITIES

734,307

671,275

CREDITORS

Amounts falling due after more than one year

8

(885

)

(64,870

)

PROVISIONS FOR LIABILITIES

9

(9,262

)

(5,297

)

NET ASSETS

724,160

601,108

CAPITAL AND RESERVES

Called up share capital

10

100

100

Retained earnings

11

724,060

601,008

SHAREHOLDERS' FUNDS

724,160

601,108

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 12 December 2025 and were signed by:

J A Steffen - Director

1.	STATUTORY INFORMATION

Fly Sports (UK) Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number:

08149247

Registered office:

1a Kingstons Farm Industrial Estate

Down Hall Road

Matching

Essex

CM17 0RB

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.

Tangible fixed assets

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

Plant and machinery

-

25% on reducing balance

Fixtures and fittings

-

25% on reducing balance

Computer equipment

-

33% on cost

Stocks

Stocks and work in progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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.

Hire purchase and leasing commitments

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 20 (2024 - 19 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Computer

machinery

fittings

equipment

Totals

£

£

£

£

COST

At 1 April 2024

74,574

3,008

4,174

81,756

Additions

44,255

689

2,350

47,294

At 31 March 2025

118,829

3,697

6,524

129,050

DEPRECIATION

At 1 April 2024

56,899

1,587

2,084

60,570

Charge for year

17,740

528

1,465

19,733

At 31 March 2025

74,639

2,115

3,549

80,303

NET BOOK VALUE

At 31 March 2025

44,190

1,582

2,975

48,747

At 31 March 2024

17,675

1,421

2,090

21,186

5.

STOCKS

31.3.25

31.3.24

£

£

Stocks

390,570

424,184

Work-in-progress

25,000

25,000

415,570

449,184

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Trade debtors

145,698

95,317

Other debtors

7,958

6,166

Prepayments

8,638

15,343

162,294

116,826

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Other loans

28,369

160,946

Hire purchase contracts

19,909

-

Trade creditors

145,085

115,200

Tax

147,957

68,050

Social security and other taxes

13,040

6,135

VAT

27,931

46,246

Other creditors

56,929

23,330

Directors' current accounts

679

1,135

Accruals and deferred income

9,000

3,000

448,899

424,042

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.25

31.3.24

£

£

Other loans - 2-5 years

885

64,870

9.	PROVISIONS FOR LIABILITIES

31.3.25

31.3.24

£

£

Deferred tax

9,262

5,297

Deferred

tax

£

Balance at 1 April 2024

5,297

Charge to profit and loss

3,965

Balance at 31 March 2025

9,262

10.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.25

31.3.24

value:

£

£

100

Ordinary

1

100

100

11.

RESERVES

Retained

earnings

£

At 1 April 2024

601,008

Profit for the year

262,852

Dividends

(139,800

)

At 31 March 2025

724,060

12.	RELATED PARTY DISCLOSURES

During the year, total dividends of £69,900 (2024 - £17,000) were paid to the director .

13.	ULTIMATE CONTROLLING PARTY

No one party has ultimate control.