REGISTERED NUMBER: 05185905 (England and Wales)

LABOSPORT LIMITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2025

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

D A Rigby

Dr K A Severn

REGISTERED OFFICE:

Unit 3 Aerial Way

Hucknall

Nottingham

Nottinghamshire

NG15 6DW

REGISTERED NUMBER:

05185905 (England and Wales)

AUDITORS:

Rushtons

Chartered Accountants

Statutory Auditors

Shorrock House

1 Faraday Court

Fulwood

Preston

Lancashire

PR2 9NB

FIXED ASSETS

Intangible assets

4

59,289

70,151

Tangible assets

5

306,303

285,321

365,592

355,472

CURRENT ASSETS

Stocks

12,169

8,669

Debtors

6

1,090,979

627,494

Cash at bank and in hand

347,367

256,208

1,450,515

892,371

CREDITORS

Amounts falling due within one year

7

514,061

245,411

NET CURRENT ASSETS

936,454

646,960

TOTAL ASSETS LESS CURRENT LIABILITIES

1,302,046

1,002,432

CREDITORS

Amounts falling due after more than one year

8

-

(4,733

)

PROVISIONS FOR LIABILITIES

(69,297

)

(67,300

)

NET ASSETS

1,232,749

930,399

CAPITAL AND RESERVES

Called up share capital

1,100

1,100

Retained earnings

1,231,649

929,299

1,232,749

930,399

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

In accordance with Section 444 of the Companies Act 2006, the Statement of Comprehensive Income has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 13 February 2026 and were signed on its behalf by:

Dr K A Severn - Director

1.	STATUTORY INFORMATION

Labosport Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

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

Turnover

Turnover represents net invoiced value of services supplied, excluding value added tax.

In respect of long term contracts, turnover represents the value of work done in the year, including estimates of amounts not invoiced. Turnover is recognised by reference to the stage of contracted work completed as at the year end.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Development costs are being amortised evenly over their estimated useful life of ten years.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Short leasehold

-

Length of the initial lease term

Plant and machinery

-

15% on reducing balance

Fixtures and fittings

-

15% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

33.3% on cost

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Financial instruments

Basic financial instruments include cash, trade receivables, trade payables, loans receivable and payable. These are initially recognized at transaction price and subsequently measured at amortized cost using the effective interest method, less provision for impairment where applicable.

Financial Assets

Financial assets, including trade and other receivables and cash at bank, are initially recognised at transaction price and subsequently measured at amortised cost using the effective interest method, less any provision for impairment.

Financial Liabilities

Financial liabilities, including trade payables, other creditors, and borrowings, are initially recognised at transaction price and subsequently measured at amortised cost using the effective interest method.

Loans and Borrowings

Loans and other borrowings, including both short-term and long-term debt, are measured at amortised cost using the effective interest method. Interest expense is recognised in profit or loss on an accruals basis.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 68 (2024 - 25 ) .

4.	INTANGIBLE FIXED ASSETS

Development

costs

£

COST

At 1 January 2025

and 31 December 2025

108,620

AMORTISATION

At 1 January 2025

38,469

Amortisation for year

10,862

At 31 December 2025

49,331

NET BOOK VALUE

At 31 December 2025

59,289

At 31 December 2024

70,151

5.	TANGIBLE FIXED ASSETS

Fixtures

Short

Plant and

and

leasehold

machinery

fittings

£

£

£

COST

At 1 January 2025

4,823

733,477

3,330

Additions

-

61,589

333

Disposals

-

-

-

At 31 December 2025

4,823

795,066

3,663

DEPRECIATION

At 1 January 2025

983

490,041

2,389

Charge for year

97

40,469

225

Eliminated on disposal

-

-

-

At 31 December 2025

1,080

530,510

2,614

NET BOOK VALUE

At 31 December 2025

3,743

264,556

1,049

At 31 December 2024

3,840

243,436

941

Motor

Computer

vehicles

equipment

Totals

£

£

£

COST

At 1 January 2025

57,451

62,795

861,876

Additions

6,012

16,074

84,008

Disposals

(28,080

)

-

(28,080

)

At 31 December 2025

35,383

78,869

917,804

DEPRECIATION

At 1 January 2025

30,233

52,909

576,555

Charge for year

5,943

6,757

53,491

Eliminated on disposal

(18,545

)

-

(18,545

)

At 31 December 2025

17,631

59,666

611,501

NET BOOK VALUE

At 31 December 2025

17,752

19,203

306,303

At 31 December 2024

27,218

9,886

285,321

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Motor

vehicles

£

COST

At 1 January 2025

and 31 December 2025

12,490

DEPRECIATION

At 1 January 2025

2,466

Charge for year

2,506

At 31 December 2025

4,972

NET BOOK VALUE

At 31 December 2025

7,518

At 31 December 2024

10,024

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

986,514

510,149

Amounts owed by group undertakings

323

46,361

Other debtors

327

84

Tax

-

17,327

Prepayments

103,815

53,573

1,090,979

627,494

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Hire purchase contracts (see note 9)

3,339

3,177

Trade creditors

215,039

106,314

Amounts owed to group undertakings

67,241

15,594

Tax

4,142

-

Social security and other taxes

162,017

74,594

Other creditors

12,973

1,751

Accrued expenses

49,310

43,981

514,061

245,411

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Hire purchase contracts (see note 9)

-

4,733

9.	LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase

contracts

2025

2024

£

£

Net obligations repayable:

Within one year

3,339

3,177

Between one and five years

-

4,733

3,339

7,910

Non-cancellable

operating leases

2025

2024

£

£

Within one year

132,965

97,778

Between one and five years

245,696

269,744

378,661

367,522

10.	DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Adam Calvert FCA (Senior Statutory Auditor)

for and on behalf of Rushtons

11.	RELATED PARTY DISCLOSURES

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

12.	ULTIMATE CONTROLLING PARTY

The company was, at the end of the year, a 70% owned subsidiary of another company incorporated in France. This parent company, SAS Labosport International, is a wholly owned subsidiary in its own right. The ultimate parent company prepares consolidated financial statements.

The directors consider the ultimate controlling party to be Greenpeak Continuation Fund I (Certania) GmbH & Co. KG, a company incorporated in Germany. The correspondence address for Greenpeak Continuation Fund I (Certania) GmbH & Co. KG is Theatinerstraße 14, 80333 München, Germany.

The financial statements for Greenpeak Continuation Fund I (Certania) GmbH & Co. KG are publicly available from the following web address:

https://www.unternehmensregister.de/en/deposits?encryptedCompanyId=LO78PWfRmHZA8 wOnWPVmLrliVwGfQWgIXUSZcx8wrEspq91e2s_GIXWRVQyDXdpTRS

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x5P&courtName=M%C3%BCnchen&courtType=HRA&companyName=GREENPEAK%20Co ntinuation%20Fund%20I%20(Certania)%20GmbH%20%26%20Co.%20KG&register

Number=118932&euid=DED2601V.HRA118932