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Registered number: 08623409
The Sporting Department Limited
Unaudited Financial Statements
For The Year Ended 31 March 2025
Andrew Lillingston Limited
13 Hurlingham Studios
Ranelagh Gardens
London
SW6 3PA
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 08623409
2025 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 5 - 2,817
- 2,817
CURRENT ASSETS
Debtors 6 54,300 78,521
Cash at bank and in hand 34,760 13,723
89,060 92,244
Creditors: Amounts Falling Due Within One Year 7 (76,456 ) (80,366 )
NET CURRENT ASSETS (LIABILITIES) 12,604 11,878
TOTAL ASSETS LESS CURRENT LIABILITIES 12,604 14,695
Creditors: Amounts Falling Due After More Than One Year 8 (1,928 ) (13,464 )
PROVISIONS FOR LIABILITIES
Deferred Taxation 9 - (535 )
NET ASSETS 10,676 696
CAPITAL AND RESERVES
Called up share capital 10 100 100
Profit and Loss Account 10,576 596
SHAREHOLDERS' FUNDS 10,676 696
Page 1
Page 2
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.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Nicholas Vaux
Director
28/12/2025
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
The Sporting Department Limited is a private company, limited by shares, incorporated in England & Wales, registered number 08623409 . The registered office is 13 Hurlingham Studios, Ranelagh Gardens, London, SW6 3PA.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover represents the amounts (excluding value added tax) derived from the provision of goods and services to customers during the year. 
2.3. Intangible Fixed Assets and Amortisation - Goodwill
Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is amortised to profit and loss account over its estimated economic life of five years.
2.4. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Plant & Machinery 25% straight line
Computer Equipment 25% straight line
2.5. Foreign Currencies
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
2.6. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2024: 2)
2 2
Page 3
Page 4
4. Intangible Assets
Goodwill
£
Cost
As at 1 April 2024 15,000
As at 31 March 2025 15,000
Amortisation
As at 1 April 2024 15,000
As at 31 March 2025 15,000
Net Book Value
As at 31 March 2025 -
As at 1 April 2024 -
5. Tangible Assets
Plant & Machinery Computer Equipment Total
£ £ £
Cost
As at 1 April 2024 13,313 1,692 15,005
As at 31 March 2025 13,313 1,692 15,005
Depreciation
As at 1 April 2024 10,600 1,588 12,188
Provided during the period 2,713 104 2,817
As at 31 March 2025 13,313 1,692 15,005
Net Book Value
As at 31 March 2025 - - -
As at 1 April 2024 2,713 104 2,817
6. Debtors
2025 2024
£ £
Due within one year
Trade debtors 54,300 9,000
Director's loan account - 69,521
54,300 78,521
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7. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Trade creditors 16,431 16,521
Bank loans and overdrafts 10,648 10,648
Corporation tax 14,134 29,065
VAT 17,507 13,308
Other creditors 4,167 -
Accruals and deferred income 7,161 10,824
Director's loan account 6,408 -
76,456 80,366
8. Creditors: Amounts Falling Due After More Than One Year
2025 2024
£ £
Bank loans 1,928 13,464
9. Deferred Taxation
The provision for deferred tax is made up as follows:
2025 2024
£ £
Other timing differences - 535
10. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 100 100
11. Dividends
2025 2024
£ £
On equity shares:
Interim dividend paid 40,000 34,000
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