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Registered number: 04471391
Newport (Shropshire) Sports Limited
Unaudited Financial Statements
For The Year Ended 31 August 2025
Ashton Knight Ltd
27 Old Gloucester Street
London
WC1N 3AX
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 04471391
2025 2024
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 26,000 26,000
Tangible Assets 5 67,739 84,674
93,739 110,674
CURRENT ASSETS
Stocks 6 20,000 22,000
Cash at bank and in hand 34,074 59,929
54,074 81,929
Creditors: Amounts Falling Due Within One Year 7 (66,974 ) (88,372 )
NET CURRENT ASSETS (LIABILITIES) (12,900 ) (6,443 )
TOTAL ASSETS LESS CURRENT LIABILITIES 80,839 104,231
Creditors: Amounts Falling Due After More Than One Year 8 (39,283 ) (60,610 )
NET ASSETS 41,556 43,621
CAPITAL AND RESERVES
Called up share capital 9 1 1
Profit and Loss Account 41,555 43,620
SHAREHOLDERS' FUNDS 41,556 43,621
Page 1
Page 2
For the 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.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Stephen Ward
Director
28/05/2026
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Newport (Shropshire) Sports Limited is a private company, limited by shares, incorporated in England & Wales, registered number 04471391 . The registered office is 99 High Street, Newport , Shropshire, TF10 7AY.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Intangible Fixed Assets and Amortisation - Goodwill
Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is amortised to the profit and loss account over its estimated economic life of .... years.
2.4. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Plant & Machinery 20%
2.5. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
3. Average Number of Employees
Average number of employees, including directors, during the year was:
2025 2024
Office and administration 1 2
1 2
Page 3
Page 4
4. Intangible Assets
Goodwill
£
Cost
As at 1 September 2024 26,000
As at 31 August 2025 26,000
Net Book Value
As at 31 August 2025 26,000
As at 1 September 2024 26,000
5. Tangible Assets
Plant & Machinery
£
Cost
As at 1 September 2024 146,886
As at 31 August 2025 146,886
Depreciation
As at 1 September 2024 62,212
Provided during the period 16,935
As at 31 August 2025 79,147
Net Book Value
As at 31 August 2025 67,739
As at 1 September 2024 84,674
6. Stocks
2025 2024
£ £
Materials 20,000 22,000
7. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Trade creditors (1 ) (1 )
Director's loan account 66,975 88,373
66,974 88,372
8. Creditors: Amounts Falling Due After More Than One Year
2025 2024
£ £
Bank loans 3,960 9,160
Other loans 35,323 51,450
39,283 60,610
Page 4
Page 5
9. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 1 1
Page 5