| The Sportslocker Store Limited |
| Registered number: |
09117193 |
| Directors' Report |
|
| The directors present their report and accounts for the year ended 30 June 2025. |
|
| Principal activities |
| The company's principal activity during the year continued to be retail sale of sporting equipment in specialised stores. |
|
| Directors |
| The following persons served as directors during the year: |
|
| Mr Peter Jones |
| Mrs Julia Jones |
|
| Small company provisions |
| Company law requires the directors to prepare accounts for each financial year. |
| Under company law the directors must not approve the accounts unless they are satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period. |
| Under that law the directors have elected to prepare the accounts in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). |
| In preparing these accounts, the directors are required to: |
|
| •select suitable accounting policies and then apply them consistently; |
| •make judgements and estimates that are reasonable and prudent; |
| •prepare the accounts on the going concern basis unless it is inappropriate to presume that the company will continue in business. |
|
| The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the accounts comply with the Companies Act 2006. |
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| They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. |
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| This report has been prepared in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies subject to the small companies regime. |
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|
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| This report was approved by the board on 11 December 2025 and signed on its behalf. |
|
|
|
|
|
| P Jones |
|
| The Sportslocker Store Limited |
| Accountants' Report |
|
|
| Accountants' report to the directors of |
| The Sportslocker Store Limited |
|
| You consider that the company is exempt from an audit for the year ended 30 June 2025. You have acknowledged, on the balance sheet, your responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. These responsibilities include preparing accounts that give a true and fair view of the state of affairs of the company at the end of the financial year and of its profit or loss for the financial year. |
| In accordance with your instructions, we have prepared the accounts which comprise the Profit and Loss Account, the Balance Sheet and the related notes from the accounting records of the company and on the basis of information and explanations you have given to us. |
| We have not carried out an audit or any other review, and consequently we do not express any opinion on these accounts. |
|
| Business Additions Ltd |
| Accountants |
|
| Sandy Farm Business Centre |
| Sands Road |
| The Sands, Farnham |
| Surrey |
| GU10 1PX |
|
| 11 December 2025 |
|
| The Sportslocker Store Limited |
| Registered number: |
09117193 |
| Balance Sheet |
| as at 30 June 2025 |
|
| Notes |
|
|
2025 |
|
|
2024 |
| £ |
£ |
| Fixed assets |
| Intangible assets |
4 |
|
|
- |
|
|
7,500 |
| Tangible assets |
5 |
|
|
4,642 |
|
|
6,189 |
|
|
|
|
4,642 |
|
|
13,689 |
|
| Current assets |
| Stocks |
|
|
234,045 |
|
|
246,849 |
| Debtors |
6 |
|
6,701 |
|
|
6,707 |
| Cash at bank and in hand |
|
|
203,835 |
|
|
243,842 |
|
|
|
444,581 |
|
|
497,398 |
|
| Creditors: amounts falling due within one year |
7 |
|
(77,551) |
|
|
(84,523) |
|
| #NAME? |
|
|
|
367,030 |
|
|
412,875 |
|
| Total assets less current liabilities |
|
|
|
371,672 |
|
|
426,564 |
|
| Creditors: amounts falling due after more than one year |
8 |
|
|
(12,500) |
|
|
(12,500) |
|
| Provisions for liabilities |
|
|
|
- |
|
|
(1,152) |
|
|
| #NAME? |
|
|
|
359,172 |
|
|
412,912 |
|
|
|
|
|
|
|
|
| Capital and reserves |
| Called up share capital |
|
|
|
100 |
|
|
100 |
| Profit and loss account |
|
|
|
359,072 |
|
|
412,812 |
|
| Shareholders' funds |
|
|
|
359,172 |
|
|
412,912 |
|
|
|
|
|
|
|
|
| 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. |
|
|
|
|
| P Jones J Jones |
| Director |
| Approved by the board on 11 December 2025 |
|
| The Sportslocker Store Limited |
| Notes to the Accounts |
| for the year ended 30 June 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 recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates. |
|
When cash inflows are deffered and represent a financing arrangement, the fair vale of the consideration is the present value of future receipts. The difference between the fair value of the consideration and the nominal amount received is recognised as interest income. |
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Revenue from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have passed to the buyer (usually on dispatch of the goods), the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the entity and the costs incurred or to be incurred in respect of the transaction can be measured reliably. |
|
Revenue from contracts for the provision of professional services is recognised by reference to the stage of completion when the stage of completion, costs incurred and costs to complete can be estimated reliably The stage of completion is calculated to comparing costs incurred, mainly in relation to contractual hourly staff rates and materials, as a proportion of total costs. Where the outcome cannot be estimated reliably, revenue is recognised only to the extent of the expenses recognised that it is probable will be recovered. |
|
Going concern |
|
At the time of approving the financial statements, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus the directors continue to adopt the going concern |
|
|
Intangible fixed assets |
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Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses. |
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Goodwill represents the excess of the cost of acquisition of unincorporated businesses over the fair value of net assets acquired it is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses Goodwill is considered to have a finite useful life and is amortised on a systematic basis over its expected life, which is 10 years.
For the purposes of impairment testing, goodwill is allocated to the cash-generating units expected to benefit from the acquisition Cash-Generating units to which goodwill has been allocated are tested for impairment at lease annually, or more frequently when there is an indication that the unit may be impaired. If the recoverable amount of the cash-generating unit is less than the carrying amount of the unit, the impairment loss is allocated first to reduce the carrying amount of any goodwill allocated to the unit and the to the other assets of the unit pro-rata on the basis of the carrying amount of each asset in the unit. |
|
Stocks |
|
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition, Stocks held for distribution at no or nominal consideration are measured at the lower of cost and replacement cost, adjusted where applicable for any loss of service potential. At each, reporting date, an assessment is made for impairment. Any excess of the carrying amount of stocks over its estimated selling price less costs to complete and sell is recognised as an impairment loss in profit or loss. Reversals of impairment losses are also recognised in profit or less. |
|
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: |
|
|
Financial Instruments |
|
The company has elected to apply the provision of Section 11 'Basic Financial Instruments' and Section 12 'Other Financial Instruments Issues' of FRS 102 to all of its financial instruments. Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument. Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously. |
|
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. |
|
| 2 |
Pensions |
|
Contributions to defined contribution plans are expensed in the period to which they relate. |
|
|
|
Employees |
2025 |
|
2024 |
| Number |
Number |
|
| 3 |
Average number of persons employed by the company |
11 |
|
14 |
|
|
|
|
|
|
|
|
|
|
| 4 |
Intangible fixed assets |
£ |
|
Goodwill: |
|
|
Cost |
|
At 1 July 2024 |
300,000 |
|
At 30 June 2025 |
300,000 |
|
|
|
|
|
|
|
|
|
|
Amortisation |
|
At 1 July 2024 |
292,500 |
|
Provided during the year |
7,500 |
|
At 30 June 2025 |
300,000 |
|
|
|
|
|
|
|
|
|
|
Net book value |
|
At 30 June 2025 |
- |
|
At 30 June 2024 |
7,500 |
|
|
|
|
|
|
|
|
|
|
Goodwill is being written off in equal annual instalments over its estimated economic life of 5 years. |
|
|
| 5 |
Tangible fixed assets |
|
|
|
|
Office Equipment and Furniture |
|
Plant and machinery etc |
|
Total |
| £ |
£ |
£ |
|
Cost |
|
At 1 July 2024 |
13,424 |
|
2,795 |
|
16,219 |
|
At 30 June 2025 |
13,424 |
|
2,795 |
|
16,219 |
|
|
|
|
|
|
|
|
|
|
Depreciation |
|
At 1 July 2024 |
8,807 |
|
1,223 |
|
10,030 |
|
Charge for the year |
1,154 |
|
393 |
|
1,547 |
|
At 30 June 2025 |
9,961 |
|
1,616 |
|
11,577 |
|
|
|
|
|
|
|
|
|
|
Net book value |
|
At 30 June 2025 |
3,463 |
|
1,179 |
|
4,642 |
|
At 30 June 2024 |
4,617 |
|
1,572 |
|
6,189 |
|
|
| 6 |
Debtors |
2025 |
|
2024 |
| £ |
£ |
|
|
Other debtors |
6,701 |
|
6,707 |
|
|
|
|
|
|
|
|
|
|
| 7 |
Creditors: amounts falling due within one year |
2025 |
|
2024 |
| £ |
£ |
|
|
Trade creditors |
30,094 |
|
40,934 |
|
Taxation and social security costs |
26,241 |
|
24,749 |
|
Other creditors |
21,216 |
|
18,840 |
|
|
|
|
|
|
77,551 |
|
84,523 |
|
|
|
|
|
|
|
|
|
|
| 8 |
Creditors: amounts falling due after one year |
2025 |
|
2024 |
| £ |
£ |
|
|
Other creditors |
12,500 |
|
12,500 |
|
|
|
|
|
|
|
|
|
|
|
| 9 |
Related party transactions |
|
Directors Transactions |
|
|
During the year, dividends totalling £81,378 were paid to Directors (2024 - £60,025). At the end of the year the company owed £9,891 to the Directors (2024- £5,615) |
| 10 |
Other information |
|
|
The Sportslocker Store Limited is a private company limited by shares and incorporated in England. Its registered office is: |
|
C/O Business Additions Ltd |
|
Sandy Farm Business Centre |
|
Sands Road, Farnham |
|
Surrey |
|
GU10 1PX |