Company Registration No. SC807792 (Scotland)
LOCK STOCK SPORTING LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 APRIL 2025
PAGES FOR FILING WITH REGISTRAR
James Hair Group Limited
59 Bonnygate
CUPAR
Fife
UK
KY15 4BY
LOCK STOCK SPORTING LIMITED
BALANCE SHEET
AS AT 30 APRIL 2025
30 April 2025
- 1 -
2025
Notes
£
£
Fixed assets
Intangible assets
3
8,000
Tangible assets
4
41,921
49,921
Current assets
Stocks
6,625
Debtors
5
4,647
Cash at bank and in hand
5,781
17,053
Creditors: amounts falling due within one year
6
(4,544)
Net current assets
12,509
Total assets less current liabilities
62,430
Creditors: amounts falling due after more than one year
7
(66,912)
Provisions for liabilities
(7,965)
Net liabilities
(12,447)
Capital and reserves
Called up share capital
8
100
Profit and loss reserves
(12,547)
Total equity
(12,447)

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

For the financial period ended 30 April 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

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.

T he members have not required the company to obtain an audit of its financial statements for the period in question in accordance with section 476.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

LOCK STOCK SPORTING LIMITED
BALANCE SHEET (CONTINUED)
AS AT 30 APRIL 2025
30 April 2025
- 2 -
The financial statements were approved by the board of directors and authorised for issue on 22 April 2026 and are signed on its behalf by:
Mr M Thomson
Director
Company Registration No. SC807792
LOCK STOCK SPORTING LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 APRIL 2025
- 3 -
1
Accounting policies
Company information

Lock Stock Sporting Limited is a private company limited by shares incorporated in Scotland. The registered office is Unit 7A The Mart, Haddington Road, East Linton, EH40 3DN.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary a mounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2
Going concern

A true t the time of approving the financial statements, t he directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus t he directors continue to adopt the going concern basis of accounting in preparing the financial statements.

1.3
Reporting period

The company was incorporated on 22 April 2024 and began trading on 1 May 2024. The accounts have therefore been prepared for the period ended 30 April 2025.

1.4
Turnover

T urnover comprises the invoiced value of sporting services provided by the company, net of Value Added Tax and trade discounts.

1.5
Intangible fixed assets - goodwill

Goodwill represents the excess of the cost of acquisition of unincorporated businesses over the fair value of net assets acquired. It is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is considered to have a finite useful life and is amortised on a systematic basis over its expected life, which is five years.

For the purposes of impairment testing, goodwill is allocated to the cash-generating units expected to benefit from the acquisition. Cash-generating units to which goodwill has been allocated are tested for impairment at least annually, or more frequently when there is an indication that the unit may be impaired. If the recoverable amount of the cash-generating unit is less than the carrying amount of the unit, the impairment loss is allocated first to reduce the carrying amount of any goodwill allocated to the unit and then to the other assets of the unit pro-rata on the basis of the carrying amount of each asset in the unit.

LOCK STOCK SPORTING LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 30 APRIL 2025
1
Accounting policies
(Continued)
- 4 -
1.6
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Plant and equipment
20% reducing balance
Office equipment
20% straight line
Motor vehicles
20% reduding balance

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.

1.7
Stocks

Stocks and work in progress including short term contracts are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving stocks. Cost comprises direct expenditure and an appropriate proportion of fixed and variable overheads.

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.

1.8
Financial instruments

Basic financial instruments are recognised at amortised cost using the effective interest method except for investments in non-convertible preference and non-puttable preference and ordinary shares, which are measured at fair value, with changes recognised in the profit and loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value, with charges recognised in profit and loss.

1.9
Taxation
Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and 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. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

The carrying amount of deferred tax assets is reviewed at each reporting end date and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. Deferred tax is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised. Deferred tax is charged or credited in the profit and loss account, except when it relates to items charged or credited directly to equity, in which case the deferred tax is also dealt with in equity. Deferred tax assets and liabilities are offset when the company has a legally enforceable right to offset current tax assets and liabilities and the deferred tax assets and liabilities relate to taxes levied by the same tax authority.

LOCK STOCK SPORTING LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 30 APRIL 2025
1
Accounting policies
(Continued)
- 5 -
1.10
Employee benefits

The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets.

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

1.11
Pensions

The company operates a defined contribution pension scheme and the pension charge represents the amounts paid by the company to the funds in respect of the year.

Rentals payable under operating leases, including any lease incentives received, are charged to profit or loss on a straight line basis over the term of the relevant lease except where another more systematic basis is more representative of the time pattern in which economic benefits from the lease s asset are consumed.

2
Employees

The average monthly number of persons (including directors) employed by the company during the period was:

2025
Number
Total
2
3
Intangible fixed assets
Goodwill
£
Cost
At 22 April 2024
-
0
Additions
10,000
At 30 April 2025
10,000
Amortisation and impairment
At 22 April 2024
-
0
Amortisation charged for the period
2,000
At 30 April 2025
2,000
Carrying amount
At 30 April 2025
8,000
LOCK STOCK SPORTING LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 30 APRIL 2025
- 6 -
4
Tangible fixed assets
Plant and equipment
Office equipment
Motor vehicles
Total
£
£
£
£
Cost
At 22 April 2024
-
0
-
0
-
0
-
0
Additions
44,251
650
7,500
52,401
At 30 April 2025
44,251
650
7,500
52,401
Depreciation and impairment
At 22 April 2024
-
0
-
0
-
0
-
0
Depreciation charged in the period
8,850
130
1,500
10,480
At 30 April 2025
8,850
130
1,500
10,480
Carrying amount
At 30 April 2025
35,401
520
6,000
41,921
5
Debtors
2025
Amounts falling due within one year:
£
Trade debtors
4,368
Prepayments and accrued income
279
4,647
6
Creditors: amounts falling due within one year
2025
£
Trade creditors
1,704
Corporation tax
190
Other taxation and social security
150
Accruals and deferred income
2,500
4,544
7
Creditors: amounts falling due after more than one year
2025
£
Other creditors
66,912
LOCK STOCK SPORTING LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 30 APRIL 2025
- 7 -
8
Called up share capital
2025
£
Ordinary share capital - issued and fully paid
80 Ordinary £1 A shares of £1 each
80
20 Ordinary £1 B shares of £1 each
20
100

During the period 80 ordinary £1 A shares were issued at par value, the reason for this allotment was to raise the initial share capital of the company.

During the period 20 ordinary £1 B shares were issued at par value, the reason for this allotment was to raise the initial share capital of the company.

2025-04-30 2024-04-22 false false false 22 April 2026 CCH Software CCH Accounts Production 2026.100 No description of principal activity Mr M Thomson Ms L Thomson 2026-04-22 SC807792 2024-04-22 2025-04-30 SC807792 2025-04-30 SC807792 core:NetGoodwill 2025-04-30 SC807792 core:PlantMachinery 2025-04-30 SC807792 core:FurnitureFittings 2025-04-30 SC807792 core:MotorVehicles 2025-04-30 SC807792 core:CurrentFinancialInstruments core:WithinOneYear 2025-04-30 SC807792 core:CurrentFinancialInstruments 2025-04-30 SC807792 core:Non-currentFinancialInstruments 2025-04-30 SC807792 core:ShareCapital 2025-04-30 SC807792 core:RetainedEarningsAccumulatedLosses 2025-04-30 SC807792 core:ShareCapitalOrdinaryShareClass1 2025-04-30 SC807792 core:ShareCapitalOrdinaryShareClass2 2025-04-30 SC807792 core:ShareCapitalOrdinaryShares 2025-04-30 SC807792 bus:Director1 2024-04-22 2025-04-30 SC807792 core:Goodwill 2024-04-22 2025-04-30 SC807792 core:PlantMachinery 2024-04-22 2025-04-30 SC807792 core:FurnitureFittings 2024-04-22 2025-04-30 SC807792 core:MotorVehicles 2024-04-22 2025-04-30 SC807792 core:NetGoodwill 2024-04-21 SC807792 core:NetGoodwill 2024-04-22 2025-04-30 SC807792 core:PlantMachinery 2024-04-21 SC807792 core:FurnitureFittings 2024-04-21 SC807792 core:MotorVehicles 2024-04-21 SC807792 2024-04-21 SC807792 core:Non-currentFinancialInstruments 1 2025-04-30 SC807792 bus:PrivateLimitedCompanyLtd 2024-04-22 2025-04-30 SC807792 bus:SmallCompaniesRegimeForAccounts 2024-04-22 2025-04-30 SC807792 bus:FRS102 2024-04-22 2025-04-30 SC807792 bus:AuditExemptWithAccountantsReport 2024-04-22 2025-04-30 SC807792 bus:Director2 2024-04-22 2025-04-30 SC807792 bus:FullAccounts 2024-04-22 2025-04-30 xbrli:pure xbrli:shares iso4217:GBP