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Company registration number: SC507121
Athletic Arms Ltd
Trading as Athletic Arms Ltd
Unaudited filleted abridged financial statements
31 July 2025
Athletic Arms Ltd
Contents
Directors and other information
Abridged statement of financial position
Statement of changes in equity
Notes to the financial statements
Athletic Arms Ltd
Directors and other information

| Director | Mr Kevin McGhee |
|  | Mrs Claire McGhee | (Resigned 6 January 2025)
| Company number | SC507121 |
| Registered office | 1-3 Angle Park Terrace |
|  | Edinburgh |
|  | EH11 2JX |
| Business address | 1-3 Angle Park Terrance |
|  | Edinburgh |
|  | EH11 2JX |
| Accountants | MOR Accounting Services |
|  | 11 Glenfield Avenue |
|  | Cowdenbeath |
|  | Fife |
|  | KY49EN |

Athletic Arms Ltd
Abridged statement of financial position
31 July 2025

|  |  | 2025 |  |  |  | 2024 |  |
|  | Note | £ |  | £ |  | £ |  | £
Fixed assets |  |  |  |  |  |  |  |  |
Tangible assets |  |  | 12,039 |  |  |  | 17,593 |  |
|  |  | _______ |  |  |  | _______ |  |
|  |  |  |  | 12,039 |  |  |  | 17,593
Current assets |  |  |  |  |  |  |  |  |
Stocks |  |  | 127,913 |  |  |  | 81,036 |  |
Debtors |  |  | 28,074 |  |  |  | 11,000 |  |
Cash at bank and in hand |  |  | 42,106 |  |  |  | 59,175 |  |
|  |  | _______ |  |  |  | _______ |  |
|  |  | 198,093 |  |  |  | 151,211 |  |
Creditors: amounts falling due |  |  |  |  |  |  |  |  |
within one year |  |  | ( 72,480) |  |  |  | ( 15,557) |  |
|  |  | _______ |  |  |  | _______ |  |
Net current assets |  |  |  |  | 125,613 |  |  |  | 135,654
|  |  |  |  | _______ |  |  |  | _______
Total assets less current liabilities |  |  |  |  | 137,652 |  |  |  | 153,247
Creditors: amounts falling due |  |  |  |  |  |  |  |  |
after more than one year |  |  |  |  | ( 5,653) |  |  |  | ( 47,326)
|  |  |  |  | _______ |  |  |  | _______
Net assets |  |  |  |  | 131,999 |  |  |  | 105,921
|  |  |  |  | _______ |  |  |  | _______
Capital and reserves |  |  |  |  |  |  |  |  |
Called up share capital |  |  |  |  | 10 |  |  |  | 10
Profit and loss account |  |  |  |  | 131,989 |  |  |  | 105,911
|  |  |  |  | _______ |  |  |  | _______
Shareholders funds |  |  |  |  | 131,999 |  |  |  | 105,921
|  |  |  |  | _______ |  |  |  | _______

For the year ending 31 July 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 their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
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 abridged statement of comprehensive income has not been delivered.
All of the members have consented to the preparation of the abridged statement of comprehensive income and the abridged statement of financial position for the current year ending 31 July 2025 in accordance with Section 444(2A) of the Companies Act 2006.
These financial statements were approved by the board of directors and authorised for issue on 28 November 2025 , and are signed on behalf of the board by:
Mr Kevin McGhee
Director
Company registration number: SC507121
Athletic Arms Ltd
Statement of changes in equity
Year ended 31 July 2025

|  | Called up share capital |  | Profit and loss account | Total |  |  |  |  |
|  | £ |  | £ | £ |  |  |  |  |
At 1 August 2023 |  | 10 |  | 88,873 | 88,883 |  |  |  |  |
Profit for the year |  |  |  | 37,038 | 37,038 |  |  |  |  |
|  | _______ |  | _______ | _______ |  |  |  |  |
Total comprehensive income for the year |  | - |  | 37,038 | 37,038 |  |  |  |  |
Dividends paid and payable |  |  |  | ( 20,000) | ( 20,000) |  |  |  |  |
|  | _______ |  | _______ | _______ |  |  |  |  |
Total investments by and distributions to owners |  | - |  | ( 20,000) | ( 20,000) |  |  |  |  |
At 31 July 2024 (as previously reported) |  | 10 |  | 105,911 | 105,921 |  |  |  |  |
Prior period adjustments |  | (-) |  | (7,394) | (7,394) |  |  |  |  |
|  | _______ |  | _______ | _______ |  |  |  |  |
At 31 July 2024 (restated) and 1 August 2024 |  | 10 |  | 98,517 | 98,527 |  |  |  |  |
Profit for the year |  |  |  | 43,472 | 43,472 |  |  |  |  |
|  | _______ |  | _______ | _______ |  |  |  |  |
Total comprehensive income for the year |  | - |  | 43,472 | 43,472 |  |  |  |  |
Dividends paid and payable |  |  |  | ( 10,000) | ( 10,000) |  |  |  |  |
|  | _______ |  | _______ | _______ |  |  |  |  |
Total investments by and distributions to owners |  | - |  | ( 10,000) | ( 10,000) |  |  |  |  |
|  | _______ |  | _______ | _______ |  |  |  |  |
At 31 July 2025 |  | 10 |  | 131,989 | 131,999 |  |  |  |  |
|  | _______ |  | _______ | _______ |  |  |  |  |

Athletic Arms Ltd
Notes to the financial statements
Year ended 31 July 2025
1. General information
The company is a private company limited by shares, registered in Scotland. The address of the registered office is Athletic Arms, 1-3 Angle Park Terrace, Edinburgh, EH11 2JX.
2. Statement of compliance
These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and 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.
Turnover
Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied and services rendered, stated net of discounts and of Value Added Tax.
Tangible assets
Tangible assets are initially recorded at cost, and is subsequently stated at cost less any accumulated depreciation.
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 and machinery | - | 25 % | straight line

If there is an indication that there has been a significant change in depreciation rate, useful life or residual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates.
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 stocks to their present location and condition.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 14 (2024: 14 ).
5. Directors advances, credits and guarantees

| During the year the director entered into the following advances and credits with the company: |  |  |  |  |  |
2025 |  |  |  |  |  |  |
|  | Balance brought forward | Advances /(credits) to the director | Balance o/standing |  |  |
|  | £ | £ | £ |  |  |
| Mr Kevin McGhee | ( 1,047) | 18,121 | 17,074 |  |  |
|  | _______ | _______ | _______ |  |  |
2024 |  |  |  |  |  |  |
|  | Balance brought forward | Advances /(credits) to the director | Balance o/standing |  |  |
|  | £ | £ | £ |  |  |
| Mr Kevin McGhee | ( 1,047) | - | ( 1,047) |  |  |
|  | _______ | _______ | _______ |  |  |