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Company Registration No. 03573602 (England and Wales)
UK Sport Equipment Limited Unaudited accounts for the year ended 30 June 2025
UK Sport Equipment Limited Unaudited accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
- 2 -
UK Sport Equipment Limited Company Information for the year ended 30 June 2025
Directors
JM Smith CA Smith
Secretary
P&A Secretaries Ltd
Company Number
03573602 (England and Wales)
Registered Office
Skandi Lodge The Old Tip Keighley Road Silsden BD20 0EH West Yorkshire
Accountants
Pearson & Associates Suite E, Canal Wharf Eshton Road Gargrave, Skipton North Yorkshire BD23 3SE
- 3 -
UK Sport Equipment Limited Statement of financial position as at 30 June 2025
2025
2024
Notes
£
£
Fixed assets
Tangible assets
5
760,125
756,645
Current assets
Inventories
58,305
14,885
Debtors
6
132,234
34,991
Cash at bank and in hand
6,278
15,868
196,817
65,744
Creditors: amounts falling due within one year
7
(503,019)
(362,956)
Net current liabilities
(306,202)
(297,212)
Net assets
453,923
459,433
Capital and reserves
Called up share capital
1
1
Capital redemption reserve
2
2
Profit and loss account
453,920
459,430
Shareholders' funds
453,923
459,433
For the year ending 30 June 2025 the company was entitled to exemption from audit 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 18 November 2025 and were signed on its behalf by
JM Smith Director Company Registration No. 03573602
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UK Sport Equipment Limited Notes to the Accounts for the year ended 30 June 2025
1
Statutory information
UK Sport Equipment Limited is a private company, limited by shares, registered in England and Wales, registration number 03573602. The registered office is Skandi Lodge, The Old Tip, Keighley Road, Silsden , BD20 0EH, West Yorkshire.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
15% reducing balance
Motor vehicles
25% reducing balance
Fixtures & fittings
15% reducing balance
Computer equipment
25% reducing balance
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
Inventories
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Leased assets
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term. Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
- 5 -
UK Sport Equipment Limited Notes to the Accounts for the year ended 30 June 2025
4
Intangible fixed assets
Goodwill
£
Cost
At 1 July 2024
9,000
At 30 June 2025
9,000
Amortisation
At 1 July 2024
9,000
At 30 June 2025
9,000
Net book value
At 30 June 2025
-
5
Tangible fixed assets
Land & buildings
Plant & machinery
Motor vehicles
Fixtures & fittings
Computer equipment
Total
£
£
£
£
£
£
Cost or valuation
At cost
At cost
At cost
At cost
At cost
At 1 July 2024
663,893
118,605
78,492
105,623
1,416
968,029
Additions
19,838
-
-
-
-
19,838
At 30 June 2025
683,731
118,605
78,492
105,623
1,416
987,867
Depreciation
At 1 July 2024
-
49,121
66,464
94,463
1,336
211,384
Charge for the year
-
11,556
3,007
1,775
20
16,358
At 30 June 2025
-
60,677
69,471
96,238
1,356
227,742
Net book value
At 30 June 2025
683,731
57,928
9,021
9,385
60
760,125
At 30 June 2024
663,893
69,484
12,028
11,160
80
756,645
6
Debtors
2025
2024
£
£
Amounts falling due within one year
Trade debtors
105,072
34,942
Accrued income and prepayments
7,500
-
Other debtors
19,662
49
132,234
34,991
7
Creditors: amounts falling due within one year
2025
2024
£
£
Trade creditors
116,503
1,030
Taxes and social security
2,662
7,451
Loans from directors
383,854
354,475
503,019
362,956
- 6 -
UK Sport Equipment Limited Notes to the Accounts for the year ended 30 June 2025
8
Average number of employees
During the year the average number of employees was 2 (2024: 2).
- 7 -