Sporting And Historical Memorabilia (Book Specialists) Limited Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 06537842

SPORTING AND HISTORICAL MEMORABILIA (BOOK SPECIALISTS) LIMITED

FILLETED UNAUDITED FINANCIAL STATEMENTS

31 March 2025

SPORTING AND HISTORICAL MEMORABILIA (BOOK SPECIALISTS) LIMITED

FINANCIAL STATEMENTS

YEAR ENDED 31 MARCH 2025

CONTENTS	PAGE

Statement of financial position	1

Notes to the financial statements	3

SPORTING AND HISTORICAL MEMORABILIA (BOOK SPECIALISTS) LIMITED

STATEMENT OF FINANCIAL POSITION

31 March 2025

	2025		2024
Note	£	£	£	£

FIXED ASSETS

Tangible assets	4		706		784

CURRENT ASSETS

Stocks	278,906	269,236
Cash at bank and in hand	20,954	18,818
	----------	----------
	299,860	288,054

CREDITORS: amounts falling due within one year	5	291,478		279,284
		----------		----------
NET CURRENT ASSETS			8,382		8,770
			-------		-------
TOTAL ASSETS LESS CURRENT LIABILITIES			9,088		9,554

CREDITORS: amounts falling due after more than one year	6		614		2,650

PROVISIONS

Taxation including deferred tax	7	135	150
		-------	-------
NET ASSETS		8,339	6,754
		-------	-------

SPORTING AND HISTORICAL MEMORABILIA (BOOK SPECIALISTS) LIMITED

STATEMENT OF FINANCIAL POSITION (continued)

31 March 2025

	2025		2024
Note	£	£	£	£

CAPITAL AND RESERVES

Called up share capital	9	100	100
Profit and loss account		8,239	6,654
		-------	-------
SHAREHOLDER FUNDS		8,339	6,754
		-------	-------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the income statement has not been delivered.

For the year ending 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

- The member has not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;

- The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

These financial statements were approved by the board of directors and authorised for issue on 22 December 2025 , and are signed on behalf of the board by:

Mrs P B Brown
Director

Company registration number: 06537842

SPORTING AND HISTORICAL MEMORABILIA (BOOK SPECIALISTS) LIMITED

NOTES TO THE FINANCIAL STATEMENTS

YEAR ENDED 31 MARCH 2025

1. GENERAL INFORMATION

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Equitable House, 55 Pellon Lane, Halifax, West Yorkshire, HX1 5SP.

2. STATEMENT OF COMPLIANCE

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. ACCOUNTING POLICIES

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Judgements and key sources of estimation uncertainty

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances. There are not considered to be any judgements or accounting estimates or assumptions that have a significant impact on the financial statements.

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable and represents sales of memorabilia during the year.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

	Fixtures and fittings	-	10% reducing balance

Stocks

Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.

Provisions

Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event, it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense. Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised as a finance cost in profit or loss in the period it arises.

Financial instruments

The company only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value with the exception of bank loans which are subsequently measured at amortised cost using the effective interest method.

4. TANGIBLE ASSETS

	Fixtures and fittings	Total
	£	£
Cost
At 1 April 2024 and 31 March 2025	5,000	5,000
	-------	-------
Depreciation
At 1 April 2024	4,216	4,216
Charge for the year	78	78
	-------	-------
At 31 March 2025	4,294	4,294
	-------	-------
Carrying amount
At 31 March 2025	706	706
	-------	-------
At 31 March 2024	784	784
	-------	-------

5. CREDITORS: amounts falling due within one year

	2025	2024
	£	£
Bank loans and overdrafts	2,000	2,000
Other creditors	9,350	24,525
Corporation tax	387	396
Director loan accounts	190,678	252,363
Other creditors	89,063	–
	----------	----------
	291,478	279,284
	----------	----------

6. CREDITORS: amounts falling due after more than one year

	2025	2024
	£	£
Bank loans and overdrafts	614	2,650
	----	-------

7. PROVISIONS

	Deferred tax (note 8)
	£
At 1 April 2024	150
Charge against provision	( 15)
	----
At 31 March 2025	135
	----

8. DEFERRED TAX

The deferred tax included in the statement of financial position is as follows:

	2025	2024
	£	£
Included in provisions (note 7)	135	150
	----	----

The deferred tax account consists of the tax effect of timing differences in respect of:

	2025	2024
	£	£
Accelerated capital allowances	135	150
	----	----

9. CALLED UP SHARE CAPITAL

Issued, called up and fully paid

	2025		2024
	No.	£	No.	£
Ordinary shares of £ 1 each	100	100	100	100
	----	----	----	----

10. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The directors loan account was in credit throughout the year. The loan is repayable on demand and no interest is charged.