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Company No: 13618511 (England and Wales)

# FOREFRONT SPORT LTD

### Unaudited Financial Statements
For the financial year ended 31 August 2025
Pages for filing with the registrar

FOREFRONT SPORT LTD

## Unaudited Financial Statements

For the financial year ended 31 August 2025

Contents

FOREFRONT SPORT LTD

## COMPANY INFORMATION

For the financial year ended 31 August 2025
FOREFRONT SPORT LTD

## COMPANY INFORMATION (continued)

For the financial year ended 31 August 2025

Directors | Matthew John Paget
| Sharon Mary Paget

Registered office | Adrenalin Sport
| 1 High Street
| Cobham
| KT11 3DH
| United Kingdom

Company number | 13618511 (England and Wales)

Accountant | Kreston Reeves LLP
| 37 St Margarets Street
| Canterbury
| Kent
| CT1 2TU

## ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS ON THE PREPARATION OF
THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF FOREFRONT SPORT LTD

For the financial year ended 31 August 2025

## ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS ON THE PREPARATION OF
THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF FOREFRONT SPORT LTD (continued)

For the financial year ended 31 August 2025

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Forefront Sport Ltd for the financial year ended 31 August 2025 which comprise the Balance Sheet and the related notes 1 to 11 from the Company’s accounting records and from information and explanations you have given us.
As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at www.icaew.com/regulation.
It is your duty to ensure that Forefront Sport Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Forefront Sport Ltd. You consider that Forefront Sport Ltd is exempt from the statutory audit requirement for the financial year.
We have not been instructed to carry out an audit or a review of the financial statements of Forefront Sport Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

This report is made solely to the Board of Directors of Forefront Sport Ltd, as a body, in accordance with the terms of our engagement letter dated 02 May 2023. Our work has been undertaken solely to prepare for your approval the financial statements of Forefront Sport Ltd and state those matters that we have agreed to state to the Board of Directors of Forefront Sport Ltd, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Forefront Sport Ltd and its Board of Directors as a body for our work or for this report.

Kreston Reeves LLP

37 St Margarets Street
Canterbury
Kent
CT1 2TU

24 March 2026

FOREFRONT SPORT LTD

## BALANCE SHEET

As at 31 August 2025
FOREFRONT SPORT LTD

## BALANCE SHEET (continued)

As at 31 August 2025

| Note | 2025 |  | 2024
|  | £ |  | £
Fixed assets |  |  |  |
Intangible assets | 3 | 2 |  | 2
Tangible assets | 4 | 113,897 |  | 124,257
|  | 113,899 |  | 124,259
Current assets |  |  |  |
Stocks |  | 207,727 |  | 156,547
Debtors | 5 | 17,091 |  | 19,281
Cash at bank and in hand | 6 | 114,191 |  | 85,722
|  | 339,009 |  | 261,550
Creditors: amounts falling due within one year | 7 | ( 35,432) |  | ( 25,317)
Net current assets |  | 303,577 |  | 236,233
Total assets less current liabilities |  | 417,476 |  | 360,492
Creditors: amounts falling due after more than one year | 8 | ( 371,157) |  | ( 336,923)
Provision for liabilities | 9 | ( 11,906) |  | ( 5,892)
Net assets |  | 34,413 |  | 17,677
Capital and reserves |  |  |  |
Called-up share capital | 10 | 2 |  | 2
Profit and loss account |  | 34,411 |  | 17,675
Total shareholders' funds |  | 34,413 |  | 17,677

For the financial 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.

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 Forefront Sport Ltd (registered number: 13618511) were approved and authorised for issue by the Board of Directors on 24 March 2026. They were signed on its behalf by:

Matthew John Paget Director |  | Sharon Mary Paget Director

FOREFRONT SPORT LTD

## NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 August 2025
FOREFRONT SPORT LTD

## NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 August 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

Forefront Sport Ltd (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 Adrenalin Sport, 1 High Street, Cobham, KT11 3DH, 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 £.

##### 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.

##### Employee benefits

Defined contribution schemes
The Company operates a defined contribution scheme. The amount charged to the Statement of Income and Retained Earnings in respect of pension costs and other post-retirement benefits is the contributions payable in the financial year. Differences between contributions payable in the financial year and contributions actually paid are included as either accruals or prepayments in the Balance Sheet.

##### 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.
Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit.

##### 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 | not amortised

###### Goodwill

Goodwill arises on business combination and represents any excess of consideration given over the fair value of the identifiable assets and liabilities acquired. Goodwill is initially recognised as an intangible asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is amortised on a straight line basis over its useful economic life.

##### 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 | depreciated over the life of the lease
Office equipment | 5 years straight line

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.

##### Leases

The Company as lessee
Assets held under finance leases, hire purchase contracts and other similar arrangements, which confer rights and obligations similar to those attached to owned assets, are capitalised as tangible fixed assets at the fair value of the leased asset (or, if lower, the present value of the minimum lease payments as determined at the inception of the lease) and are depreciated over the shorter of the lease terms and their useful lives. The capital elements of future lease obligations are recorded as liabilities, while the interest elements are charged to the Statement of Income and Retained Earnings over the period of the leases to produce a constant periodic rate of interest on the remaining balance of the liability.
Rentals under operating leases are charged on a straight-line basis over the lease term, even if the payments are not made on such a basis. Benefits received and receivable as an incentive to sign an operating lease are similarly spread on a straight-line basis over the lease term.

##### 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.

##### Provisions

Provisions are recognised when the Company has a present obligation (legal or constructive) as a result of a past event, it is probable that the Company will be required to settle that obligation and a reliable estimate can be made of the amount of the obligation.
The amount recognised as a provision is the best estimate of the consideration required to settle the present obligation at the Balance Sheet date, taking into account the risks and uncertainties surrounding the obligation. Where a provision is measured using the cash flows estimated to settle the present obligation, its carrying amount is the present value of those cash flows (when the effect of the time value of money is material).
When some or all of the economic benefits required to settle a provision are expected to be recovered from a third party, a receivable is recognised as an asset if it is virtually certain that reimbursement will be received and the amount of the receivable can be measured reliably.

#### 2. Employees

| 2025 |  | 2024
| Number |  | Number
Monthly average number of persons employed by the Company during the year, including directors | 12 |  | 10

#### 3. Intangible assets

| Goodwill |  | Total
| £ |  | £
Cost |  |  |
At 01 September 2024 | 2 |  | 2
At 31 August 2025 | 2 |  | 2
Accumulated amortisation |  |  |
At 01 September 2024 | 0 |  | 0
At 31 August 2025 | 0 |  | 0
Net book value |  |  |
At 31 August 2025 | 2 |  | 2
At 31 August 2024 | 2 |  | 2

#### 4. Tangible assets

| Leasehold improve- ments |  | Office equipment |  | Total
| £ |  | £ |  | £
Cost |  |  |  |  |
At 01 September 2024 | 123,858 |  | 5,819 |  | 129,677
Additions | 0 |  | 7,300 |  | 7,300
At 31 August 2025 | 123,858 |  | 13,119 |  | 136,977
Accumulated depreciation |  |  |  |  |
At 01 September 2024 | 5,215 |  | 205 |  | 5,420
Charge for the financial year | 15,645 |  | 2,015 |  | 17,660
At 31 August 2025 | 20,860 |  | 2,220 |  | 23,080
Net book value |  |  |  |  |
At 31 August 2025 | 102,998 |  | 10,899 |  | 113,897
At 31 August 2024 | 118,643 |  | 5,614 |  | 124,257

#### 5. Debtors

| 2025 |  | 2024
| £ |  | £
Trade debtors | 1,320 |  | 77
Corporation tax | 0 |  | 9,336
Other debtors | 15,771 |  | 9,868
| 17,091 |  | 19,281

#### 6. Cash and cash equivalents

| 2025 |  | 2024
| £ |  | £
Cash at bank and in hand | 114,191 |  | 85,722

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

| 2025 |  | 2024
| £ |  | £
Trade creditors | 10,589 |  | 7,292
Accruals | 2,650 |  | 5,535
Other taxation and social security | 20,207 |  | 11,912
Other creditors | 1,986 |  | 578
| 35,432 |  | 25,317

#### 8. Creditors: amounts falling due after more than one year

| 2025 |  | 2024
| £ |  | £
Other loans | 371,157 |  | 336,923

#### 9. Deferred tax

| 2025 |  | 2024
| £ |  | £
At the beginning of financial year | ( 5,892) |  | 0
Charged to the Statement of Income and Retained Earnings | ( 6,014) |  | ( 5,892)
At the end of financial year | ( 11,906) |  | ( 5,892)

The deferred taxation balance is made up as follows:

| 2025 |  | 2024
| £ |  | £
Accelerated capital allowances | ( 21,777) |  | ( 24,158)
Tax losses carry forward | 9,871 |  | 18,266
| ( 11,906) |  | ( 5,892)

#### 10. Called-up share capital

| 2025 |  | 2024
| £ |  | £
Allotted, called-up and fully-paid |  |  |
2 Ordinary shares of £ 1.00 each | 2 |  | 2

#### 11. Related party transactions

During the year the company purchased goods amounting to £376,535 from Matthew Paget Limited, a company in which Mr M Paget and Mrs S Paget have a controlling interest. These goods were purchased on an arm's length basis. There was a loan from Matthew Paget Limited during the year of which £371,157 (2024: £336,922) was outstanding at the year end.