SC282135falsewholesale sports good retailer2024-04-012025-03-31http://www.companieshouse.gov.uk/2024-03-31http://www.companieshouse.gov.uk/pt:PlantMachinery2024-03-31http://www.companieshouse.gov.uk/pt:ShareCapital2024-03-31http://www.companieshouse.gov.uk/cd:Director12024-04-012025-03-31http://www.companieshouse.gov.uk/pt:PlantMachinery2025-03-31http://www.companieshouse.gov.uk/pt:ShareCapital2025-03-31http://www.companieshouse.gov.uk/pt:ToolsEquipment2024-03-31http://www.companieshouse.gov.uk/cd:OrdinaryShareClass12024-04-012025-03-31http://www.companieshouse.gov.uk/pt:MotorCars2024-03-31http://www.companieshouse.gov.uk/pt:ToolsEquipment2025-03-31http://www.companieshouse.gov.uk/pt:MotorCars2025-03-31http://www.companieshouse.gov.uk/cd:AuditExemptWithAccountantsReport2024-04-012025-03-31http://www.companieshouse.gov.uk/pt:CurrentFinancialInstruments2025-03-31http://www.companieshouse.gov.uk/pt:CurrentFinancialInstruments2024-03-31http://www.companieshouse.gov.uk/2024-04-012025-03-31http://www.companieshouse.gov.uk/2024-03-31http://www.companieshouse.gov.uk/cd:FRS1022024-04-012025-03-31http://www.companieshouse.gov.uk/2025-03-31http://www.companieshouse.gov.uk/cd:FullAccounts2024-04-012025-03-31http://www.companieshouse.gov.uk/cd:PrivateLimitedCompanyLtd2024-04-012025-03-31iso4217:GBPxbrli:sharesxbrli:pure
Registered number: SC282135
Only Sport Ltd
ACCOUNTS
FOR THE YEAR ENDED 31/03/2025
Prepared By:
Accounts Advice & Planning
St Andrews House
385 Hillington Road
Glasgow
Renfrewshire
G52 4BL
Only Sport Ltd
ACCOUNTS
FOR THE YEAR ENDED 31/03/2025
DIRECTORS
Ian McCallum
REGISTERED OFFICE
COMPANY DETAILS
Private company limited by shares registered in SC - Scotland, registered number SC282135
ACCOUNTANTS
Accounts Advice & Planning
St Andrews House
385 Hillington Road
Glasgow
Renfrewshire
G52 4BL
Only Sport Ltd
ACCOUNTS
FOR THEYEARENDED31/03/2025
CONTENTS
Page
Directors' Report-
Accountants' Report-
Statement Of Comprehensive Income-
Balance Sheet3
Notes To The Accounts4
The following do not form part of the statutory financial statements:
Trading And Profit And Loss Account-
Profit And Loss Account Summaries-
Only Sport Ltd
BALANCE SHEET AT 31/03/2025
20252024
Notes££
FIXED ASSETS
Tangible assets331,16646,529
CURRENT ASSETS
Stock84,45194,450
Debtors5124,48644,276
Cash at bank and in hand22,73232,303
231,669171,029
CREDITORS: Amounts falling due within one year6224,391241,114
NET CURRENT ASSETS / (LIABILITIES)7,278(70,085)
TOTAL ASSETS LESS CURRENT LIABILITIES38,444(23,556)
CAPITAL AND RESERVES
Called up share capital725,00225,002
Other reserves8(62,235)(62,235)
Profit and loss account75,67713,677
SHAREHOLDERS' FUNDS38,444(23,556)
For the year ending 31/03/2025 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their 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 directors have decided not to deliver to the registrar a copy of the company's profit and loss account.
Approved by the board on 30/12/2025 and signed on their behalf by
.............................
Ian McCallum
Director
Only Sport Ltd
NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 31/03/2025
1. ACCOUNTING POLICIES
1a. Basis Of Accounting
The accounts have been prepared under the historical cost convention.
The accounts have been prepared in accordance with FRS102 section 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006 .
1b. Depreciation
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.
Plant and Machineryreducing balance 25%
Equipmentreducing balance 25%
Motor Carsreducing balance 25%
1c. Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell (net realisable value). Costs, which comprise direct production costs, are based on the method most appropriate to the type of inventory class, but usually on a first-in-first-out basis. Overheads are charged to profit or loss as incurred. Net realisable value is based on the estimated selling price less any estimated completion or selling costs.
When stocks are sold, the carrying amount of those stocks is recognised as an expense in the period in which the related revenue is recognised. The amount of any write-down of stocks to net realisable value and all losses of stocks are recognised as an expense in the period in which the write-down or loss occurs. The amount of any reversal of any write-down of stocks is recognised as a reduction in the amount of stocks recognised as an expense in the period in which the reversal occurs.
2. EMPLOYEES
20252024
No.No.
Average number of employees--
Only Sport Ltd
3. TANGIBLE FIXED ASSETS
Plant and
MachineryEquipmentMotor CarsTotal
££££
Cost
At 01/04/202460,58322,265133,985216,833
At 31/03/202560,58322,265133,985216,833
Depreciation
At 01/04/202457,66818,31394,323170,304
For the year2,9153,9528,49615,363
At 31/03/202560,58322,265102,819185,667
Net Book Amounts
At 31/03/2025--31,16631,166
At 31/03/20242,9153,95239,66246,529
4. STOCK 20252024
££
Stock comprises:
Stock84,45194,450
84,45194,450
5. DEBTORS 20252024
££
Amounts falling due within one year
Trade debtors124,48644,276
124,48644,276
6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
20252024
££
VAT7,6806,172
PAYE control15,1101,589
Finance leases60,67478,749
Trade creditors131,977145,654
Other creditors6,4506,450
Accruals2,5002,500
224,391241,114
Only Sport Ltd
7. SHARE CAPITAL 20252024
££
Allotted, issued and fully paid:
25002 Ordinary shares of £1 each25002
25,00225,002
8. OTHER RESERVES 20252024
££
Other reserves(62,235)(62,235)
(62,235)(62,235)