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Company No: 05619229 (England and Wales)

# SERIOUS SPORT GROUP LIMITED

### Unaudited Financial Statements
For the financial year ended 30 November 2025
Pages for filing with the registrar

SERIOUS SPORT GROUP LIMITED

## Unaudited Financial Statements

For the financial year ended 30 November 2025

Contents

SERIOUS SPORT GROUP LIMITED

## COMPANY INFORMATION

For the financial year ended 30 November 2025
SERIOUS SPORT GROUP LIMITED

## COMPANY INFORMATION (continued)

For the financial year ended 30 November 2025

DIRECTORS | Neil David Rider
| Christopher John Russell

SECRETARY | Deborah Kay Rider

REGISTERED OFFICE | Gascoyne House Moseleys Farm Business Centre
| Fornham All Saints
| Bury St Edmunds
| IP28 6JY
| United Kingdom

COMPANY NUMBER | 05619229 (England and Wales)

CHARTERED ACCOUNTANTS | Gascoynes
| Gascoyne House
| Moseleys Farm Business Centre
| Fornham All Saints
| Bury St Edmunds
| Suffolk
| IP28 6JY

SERIOUS SPORT GROUP LIMITED

## BALANCE SHEET

As at 30 November 2025
SERIOUS SPORT GROUP LIMITED

## BALANCE SHEET (continued)

As at 30 November 2025

| Note | 2025 |  | 2024
|  | £ |  | £
Fixed assets |  |  |  |
Intangible assets | 3 | 81,390 |  | 109,068
Tangible assets | 4 | 212,892 |  | 189,238
|  | 294,282 |  | 298,306
Current assets |  |  |  |
Stocks | 5 | 628,514 |  | 625,858
Debtors | 6 | 43,608 |  | 54,449
Cash at bank and in hand |  | 291,915 |  | 210,234
|  | 964,037 |  | 890,541
Creditors: amounts falling due within one year | 7 | ( 216,402) |  | ( 285,706)
Net current assets |  | 747,635 |  | 604,835
Total assets less current liabilities |  | 1,041,917 |  | 903,141
Net assets |  | 1,041,917 |  | 903,141
Capital and reserves |  |  |  |
Called-up share capital | 8 | 290 |  | 290
Share premium account |  | 63,204 |  | 63,204
Other reserves |  | ( 171,111 ) |  | ( 171,111 )
Profit and loss account |  | 1,149,534 |  | 1,010,758
Total shareholders' funds |  | 1,041,917 |  | 903,141

For the financial year ending 30 November 2025 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

- The members have not required the Company to obtain an audit of its financial statements for the financial year in accordance with section 476;
- The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements; and
- These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Statement of Income and Retained Earnings has not been delivered.

The financial statements of Serious Sport Group Limited (registered number: 05619229) were approved and authorised for issue by the Board of Directors on 05 February 2026. They were signed on its behalf by:

Neil David Rider Director |

SERIOUS SPORT GROUP LIMITED

## NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 30 November 2025
SERIOUS SPORT GROUP LIMITED

## NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 30 November 2025

##### 1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

##### General information and basis of accounting

Serious Sport Group Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Gascoyne House Moseleys Farm Business Centre, Fornham All Saints, Bury St Edmunds, IP28 6JY, United Kingdom.
The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.
The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

##### Going concern

The directors have assessed the Balance Sheet and likely future cash flows at the date of approving these financial statements. The directors have a reasonable expectation that the Company has adequate resources to continue in operational existence and to meet its financial obligations as they fall due for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

##### 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.
Turnover is recognised when the significant risks and rewards are considered to have been transferred to the customer.

##### Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

##### Intangible assets

Intangible assets are stated at cost or valuation, net of amortisation and any provision for impairment. Amortisation is provided on all intangible assets at rates to write off the cost or valuation of each asset over its expected useful life as follows:

Goodwill | 10 years straight line
Other intangible assets | 5 years straight line

##### Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Leasehold improvements | 10 years straight line
Vehicles | 15 % reducing balance
Tools and equipment | 15 % reducing balance
Office equipment | 15 % reducing balance

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.
The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

##### Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Balance Sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the Statement of Income and Retained Earnings as described below.

##### Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to sell, which is equivalent to the net realisable value. Cost includes materials, direct labour and an attributable proportion of manufacturing overheads based on normal levels of activity. Cost is calculated using the FIFO (first-in, first-out) method. Provision is made for obsolete, slow-moving or defective items where appropriate.
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 loss.

##### Trade and other debtors

Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts, except where the effect of discounting would be immaterial. In such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.

##### Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in creditors: amounts falling due within one year.

##### Trade and other creditors

Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost.

##### Ordinary share capital

The ordinary share capital of the Company is presented as equity.

##### Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.

#### 2. Employees

| 2025 |  | 2024
| Number |  | Number
Monthly average number of persons employed by the Company during the year, including directors | 30 |  | 29

#### 3. Intangible assets

| Goodwill |  | Other intangible assets |  | Total
| £ |  | £ |  | £
Cost |  |  |  |  |
At 01 December 2024 | 75,000 |  | 289,687 |  | 364,687
Additions | 0 |  | 20,776 |  | 20,776
At 30 November 2025 | 75,000 |  | 310,463 |  | 385,463
Accumulated amortisation |  |  |  |  |
At 01 December 2024 | 58,125 |  | 197,494 |  | 255,619
Charge for the financial year | 7,500 |  | 40,954 |  | 48,454
At 30 November 2025 | 65,625 |  | 238,448 |  | 304,073
Net book value |  |  |  |  |
At 30 November 2025 | 9,375 |  | 72,015 |  | 81,390
At 30 November 2024 | 16,875 |  | 92,193 |  | 109,068

#### 4. Tangible assets

| Leasehold improve- ments |  | Vehicles |  | Tools and equipment |  | Office equipment |  | Total
| £ |  | £ |  | £ |  | £ |  | £
Cost |  |  |  |  |  |  |  |  |
At 01 December 2024 | 9,640 |  | 4,999 |  | 319,140 |  | 58,872 |  | 392,651
Additions | 0 |  | 0 |  | 56,209 |  | 2,604 |  | 58,813
At 30 November 2025 | 9,640 |  | 4,999 |  | 375,349 |  | 61,476 |  | 451,464
Accumulated depreciation |  |  |  |  |  |  |  |  |
At 01 December 2024 | 3,498 |  | 3,437 |  | 155,985 |  | 40,493 |  | 203,413
Charge for the financial year | 662 |  | 234 |  | 31,574 |  | 2,689 |  | 35,159
At 30 November 2025 | 4,160 |  | 3,671 |  | 187,559 |  | 43,182 |  | 238,572
Net book value |  |  |  |  |  |  |  |  |
At 30 November 2025 | 5,480 |  | 1,328 |  | 187,790 |  | 18,294 |  | 212,892
At 30 November 2024 | 6,142 |  | 1,562 |  | 163,155 |  | 18,379 |  | 189,238

#### 5. Stocks

| 2025 |  | 2024
| £ |  | £
Stocks | 598,514 |  | 595,858
Work in progress | 30,000 |  | 30,000
| 628,514 |  | 625,858

#### 6. Debtors

| 2025 |  | 2024
| £ |  | £
Trade debtors | 29,445 |  | 23,895
Corporation tax | 0 |  | 20,447
Other debtors | 14,163 |  | 10,107
| 43,608 |  | 54,449

#### 7. Creditors: amounts falling due within one year

| 2025 |  | 2024
| £ |  | £
Trade creditors | 129,212 |  | 109,555
Taxation and social security | 97,834 |  | 62,175
Other creditors | ( 10,644) |  | 113,976
| 216,402 |  | 285,706

#### 8. Called-up share capital

| 2025 |  | 2024
| £ |  | £
Allotted, called-up and fully-paid |  |  |
2,895 Ordinary shares of £ 0.10 each | 290 |  | 290