Joov Sports Products Limited

	Page
Statement of Financial Position	1—2
Notes to the Financial Statements	3—5

Registered number: 12147989

		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		3,170		3,963

			3,170		3,963
CURRENT ASSETS
Stocks	5	17,643		5,969
Debtors	6	2,077		1,550
Cash at bank and in hand		(8,926 )		(1,856 )

		10,794		5,663
Creditors: Amounts Falling Due Within One Year	7	(7,381 )		(17,769 )

NET CURRENT ASSETS (LIABILITIES)			3,413		(12,106 )

TOTAL ASSETS LESS CURRENT LIABILITIES			6,583		(8,143 )

Creditors: Amounts Falling Due After More Than One Year	8		(13,147 )		(9,498 )

NET LIABILITIES			(6,564 )		(17,641 )

CAPITAL AND RESERVES
Called up share capital	9		1		1
Other reserves			-		(5,655 )
Income Statement			(6,565 )		(11,987 )

SHAREHOLDERS' FUNDS			(6,564)		(17,641)

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Joov Sports Products Limited

Statement of Financial Position (continued)

As At 31 August 2025

For the year ending 31 August 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 Income Statement.

On behalf of the board

Mr Tom Johnson

Director

09/01/2026

The notes on pages 3 to 5 form part of these financial statements.

1. General Information

Joov Sports Products Limited is a private company, limited by shares, incorporated in England & Wales, registered number 12147989 . The registered office is 77 Church Road, Newport, Gwent, NP19 7EH.

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 is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Revenue from the sale of goods is recognised when the significant risks and rewards of

ownership have transferred to the buyer (usually on despatch of the goods); the amount of

revenue can be measured reliably; it is probable that the associated economic benefits will flow to

the entity; and the costs incurred or to be incurred in respect of the transactions can be measured

reliably.

2.3. Tangible Fixed Assets and Depreciation

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.

An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other

comprehensive income and accumulated in equity, except to the extent it reverses a revaluation

decrease of the same asset previously recognised in profit or loss. A decrease in the carrying

amount of an asset as a result of revaluation, is recognised in other comprehensive income to the

extent of any previously recognised revaluation increase accumulated in equity in respect of that

asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in

equity in respect of that asset, the excess shall be recognised in profit or loss.

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:

Plant & Machinery

20% Reducing Balance method

2.4. Stocks and Work in Progress

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.

2.5. 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.

...CONTINUED

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Joov Sports Products Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 August 2025

2.5. Taxation - continued

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: 1 (2024: 1)

4. Tangible Assets

	Plant & Machinery
	£
Cost
As at 1 September 2024	8,630

As at 31 August 2025	8,630

Depreciation
As at 1 September 2024	4,667
Provided during the period	793

As at 31 August 2025	5,460

Net Book Value
As at 31 August 2025	3,170

As at 1 September 2024	3,963

5. Stocks

	2025	2024
	£	£
Stock	17,643	5,969

6. Debtors

	2025	2024
	£	£
Due within one year
Trade debtors	2,077	1,550

7. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Trade creditors	39	191
Bank loans and overdrafts	-	1,775
Other creditors	6,305	13,831
Taxation and social security	1,037	1,972

	7,381	17,769

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Joov Sports Products Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 August 2025

8. Creditors: Amounts Falling Due After More Than One Year

	2025	2024
	£	£
Bank loans	13,147	9,498

9. Share Capital

	2025	2024
	£	£
Allotted, Called up and fully paid	1	1

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