REGISTERED NUMBER: 06676041 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

RECOMAC SPORTS LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

A J Conway

H A Conway

REGISTERED OFFICE:

Europa Park

Stoneclough Road

Radcliffe

Manchester

M26 1GG

REGISTERED NUMBER:

06676041 (England and Wales)

ACCOUNTANTS:

Connaughton & Co

1st Floor

4 Jordan Street

Manchester

M15 4PY

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

920,472

928,036

920,472

928,036

CURRENT ASSETS

Stocks

33,130

47,594

Debtors

6

1,180,582

1,203,775

Cash at bank

42,029

45,302

1,255,741

1,296,671

CREDITORS

Amounts falling due within one year

7

1,114,881

1,071,262

NET CURRENT ASSETS

140,860

225,409

TOTAL ASSETS LESS CURRENT LIABILITIES

1,061,332

1,153,445

CREDITORS

Amounts falling due after more than one year

8

(172,489

)

(254,512

)

PROVISIONS FOR LIABILITIES

11

(174,890

)

(176,327

)

NET ASSETS

713,953

722,606

CAPITAL AND RESERVES

Called up share capital

12

2

2

Retained earnings

13

713,951

722,604

SHAREHOLDERS' FUNDS

713,953

722,606

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Board of Directors and authorised for issue on 23 December 2025 and were signed on its behalf by:

H A Conway - Director

1.	STATUTORY INFORMATION

Recomac Sports Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

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.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Patents and licences are being amortised evenly over their estimated useful life of nil years.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Plant and machinery etc

-

33% on cost, 25% on reducing balance, 15% on reducing balance and 10% on reducing balance

Stocks

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

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

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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 24 (2023 - 26 ) .

4.	INTANGIBLE FIXED ASSETS

Other

intangible

assets

£

COST

At 1 January 2024

and 31 December 2024

97,720

AMORTISATION

At 1 January 2024

and 31 December 2024

97,720

NET BOOK VALUE

At 31 December 2024

-

At 31 December 2023

-

5.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Motor

Computer

machinery

fittings

vehicles

equipment

Totals

£

£

£

£

£

COST

At 1 January 2024

1,182,884

3,015

70,878

17,083

1,273,860

Additions

92,509

-

12,000

353

104,862

At 31 December 2024

1,275,393

3,015

82,878

17,436

1,378,722

DEPRECIATION

At 1 January 2024

292,384

1,441

35,446

16,553

345,824

Charge for year

99,949

236

11,858

383

112,426

At 31 December 2024

392,333

1,677

47,304

16,936

458,250

NET BOOK VALUE

At 31 December 2024

883,060

1,338

35,574

500

920,472

At 31 December 2023

890,500

1,574

35,432

530

928,036

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and

Motor

machinery

vehicles

Totals

£

£

£

COST

At 1 January 2024

1,072,816

56,600

1,129,416

Additions

68,993

-

68,993

Transfer to ownership

(677,626

)

(27,100

)

(704,726

)

At 31 December 2024

464,183

29,500

493,683

DEPRECIATION

At 1 January 2024

237,118

23,042

260,160

Charge for year

43,951

5,531

49,482

Transfer to ownership

(212,453

)

(15,667

)

(228,120

)

At 31 December 2024

68,616

12,906

81,522

NET BOOK VALUE

At 31 December 2024

395,567

16,594

412,161

At 31 December 2023

835,698

33,558

869,256

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Trade debtors

639,064

533,673

Other debtors

39,651

37,901

Directors' current accounts

328,544

416,985

Tax

149,555

166,912

Social security and other taxes

-

1,906

VAT

2,384

19,781

Prepayments and accrued income

21,384

26,617

1,180,582

1,203,775

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Bank loans and overdrafts

11,275

10,997

Other loans

52,475

2,333

Hire purchase contracts (see note 9)

109,840

169,382

Trade creditors

231,661

307,806

Tax

8,613

17,940

Social security and other taxes

12,317

-

Other creditors

485,384

433,083

Related company

102,194

109,217

Wages control account

11,374

12,458

Accruals and deferred income

89,748

8,046

1,114,881

1,071,262

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.12.24

31.12.23

£

£

Bank loans - 1-2 years

2,892

10,419

Bank loans - 2-5 years

-

2,751

Other loans - 1-2 years

38,095

-

Hire purchase contracts (see note 9)

131,502

241,342

172,489

254,512

9.	LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase

contracts

31.12.24

31.12.23

£

£

Net obligations repayable:

Within one year

109,840

169,382

Between one and five years

131,502

241,342

241,342

410,724

Non-cancellable

operating leases

31.12.24

31.12.23

£

£

Between one and five years

4,987

4,987

10.	SECURED DEBTS

The following secured debts are included within creditors:

31.12.24

31.12.23

£

£

Factored debts

298,753

275,822

Included within other creditors are factored debts of £298,753 (31.12.23 - £275,822). The debts are secured over the trade debtors of the company.

11.	PROVISIONS FOR LIABILITIES

31.12.24

31.12.23

£

£

Deferred tax

174,890

176,327

Deferred

tax

£

Balance at 1 January 2024

176,327

Accelerated capital allowances

(1,437

)

Balance at 31 December 2024

174,890

12.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.12.24

31.12.23

value:

£

£

2

Ordinary

£1

2

2

13.

RESERVES

Retained

earnings

£

At 1 January 2024

722,604

Profit for the year

138,347

Dividends

(147,000

)

At 31 December 2024

713,951

14.	RELATED PARTY DISCLOSURES

At the year end £102,194 (31.12.23 - £109,217) was owed to Road Spraying Limited, a company under common control.

Included within the profit and loss account are management charges of £64,575 (31.12.23 - £70,800) payable to Road Spraying Limited.

At the year-end £23,349 (31.12.23 - £45,715) was owed by the director, Mr A J Conway. The maximum amount outstanding during the year was £45,715 (31.12.23 - £56,302).

At the year-end £305,195 (31.12.23 - £371,270) was owed by the director, Mr H A Conway. The maximum amount outstanding during the year was £371,270 (31.12.23 - £386,472).