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COMPANY REGISTRATION NUMBER: 05486316

SPORTPOWER LIMITED

FILLETED UNAUDITED FINANCIAL STATEMENTS

31 May 2025

SPORTPOWER LIMITED

STATEMENT OF FINANCIAL POSITION

31 May 2025

| 2025 | 2024
Note | £ | £ | £ | £

FIXED ASSETS

Tangible assets | 5 |  | 4,221 |  | 2,866

CURRENT ASSETS

Stocks | 91,900 |  | 56,900 |
Debtors | 6 | 11,165 |  | 15,036 |
Cash at bank and in hand | 43,390 |  | 29,767 |
| --------- |  | --------- |
| 146,455 |  | 101,703 |

CREDITORS: amounts falling due within one year | 7 | 391,549 |  | 306,190 |
| --------- |  | --------- |
NET CURRENT LIABILITIES |  | 245,094 |  | 204,487
|  | --------- |  | ---------
TOTAL ASSETS LESS CURRENT LIABILITIES |  | ( 240,873) |  | ( 201,621)

CREDITORS: amounts falling due after more than one year | 8 |  | 5,000 |  | 15,000
|  | --------- |  | ---------
NET LIABILITIES |  | ( 245,873) |  | ( 216,621)
|  | --------- |  | ---------

CAPITAL AND RESERVES

Called up share capital |  | 100 |  | 100
Profit and loss account |  | ( 245,973) |  | ( 216,721)
|  | --------- |  | ---------
SHAREHOLDERS DEFICIT |  | ( 245,873) |  | ( 216,621)
|  | --------- |  | ---------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the year ending 31 May 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

SPORTPOWER LIMITED

STATEMENT OF FINANCIAL POSITION (continued)

31 May 2025
These financial statements were approved by the board of directors and authorised for issue on 19 February 2026 , and are signed on behalf of the board by:

Mr N D Sandford |
Director |

Company registration number: 05486316

SPORTPOWER LIMITED

NOTES TO THE FINANCIAL STATEMENTS

YEAR ENDED 31 MAY 2025
1. GENERAL INFORMATION
The company is a private company limited by shares, registered in United Kingdom. The address of the registered office is Unit 3 Coach Close, Shireoaks, Worksop, S81 8AP.
2. STATEMENT OF COMPLIANCE
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. ACCOUNTING POLICIES
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Going concern
The company currently meets its daily working capital requirements through operating revenues, banking facilities and financial support from the director (Other Creditors). On this basis, the director considers it appropriate to prepare the accounts on the going concern basis. The accounts do not include any adjustments that would result from the failure to raise any additional finance that may prove necessary.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. 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.
Income tax
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
Tangible assets
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.
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:

| Office Equipment | - | 25% reducing balance
| Computer Equipment | - | 33% straight line

Stocks
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.
4. EMPLOYEE NUMBERS
The average number of persons employed by the company during the year amounted to 3 (2024: 2 ).
5. TANGIBLE ASSETS

| Fixtures and fittings | Equipment | Total
| £ | £ | £
Cost |  |  |
At 1 June 2024 | 7,802 | 2,388 | 10,190
Additions | 966 | 2,499 | 3,465
| ------- | ------- | --------
At 31 May 2025 | 8,768 | 4,887 | 13,655
| ------- | ------- | --------
Depreciation |  |  |
At 1 June 2024 | 6,212 | 1,112 | 7,324
Charge for the year | 639 | 1,471 | 2,110
| ------- | ------- | --------
At 31 May 2025 | 6,851 | 2,583 | 9,434
| ------- | ------- | --------
Carrying amount |  |  |
At 31 May 2025 | 1,917 | 2,304 | 4,221
| ------- | ------- | --------
At 31 May 2024 | 1,590 | 1,276 | 2,866
| ------- | ------- | --------

6. DEBTORS

| 2025 | 2024
| £ | £
Trade debtors | 8,603 | 12,474
Other debtors | 2,562 | 2,562
| -------- | --------
| 11,165 | 15,036
| -------- | --------

7. CREDITORS: amounts falling due within one year

| 2025 | 2024
| £ | £
Bank loans and overdrafts | 68,094 | 10,089
Trade creditors | 64,688 | 37,961
Corporation tax | – | 2,002
Social security and other taxes | 855 | 6,348
Other creditors | 257,912 | 249,790
| --------- | ---------
| 391,549 | 306,190
| --------- | ---------

8. CREDITORS: amounts falling due after more than one year

| 2025 | 2024
| £ | £
Bank loans and overdrafts | 5,000 | 15,000
| ------- | --------

9. GOING CONCERN
The director has considered the period to February 2027 when assessing the company's ability to continue as a going concern. It is believed that the company will be able to satisfy it's liabilities as these become payable.