REGISTERED NUMBER: SC203459 (Scotland)

Unaudited Financial Statements for the Year Ended 31 August 2025

for

Sports Test Equip Ltd.

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTORS:

Mr R K Nixon

Mr E J O'Donnell

SECRETARY:

Mr E J O'Donnell

REGISTERED OFFICE:

1 Adam Square

Brucefield Industry Park

Livingston

West Lothian

EH54 9DE

REGISTERED NUMBER:

SC203459 (Scotland)

ACCOUNTANTS:

One Accounting Ltd

Chartered Management Accountants

4a Glenfinlas Street

Edinburgh

Midlothian

EH3 6AQ

FIXED ASSETS

Tangible assets

4

112

149

CURRENT ASSETS

Debtors

5

710,907

609,052

Cash at bank

170,634

79,327

881,541

688,379

CREDITORS

Amounts falling due within one year

6

217,761

98,278

NET CURRENT ASSETS

663,780

590,101

TOTAL ASSETS LESS CURRENT LIABILITIES

663,892

590,250

CREDITORS

Amounts falling due after more than one year

7

(885

)

(11,369

)

PROVISIONS FOR LIABILITIES

(28

)

(38

)

NET ASSETS

662,979

578,843

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

662,879

578,743

SHAREHOLDERS' FUNDS

662,979

578,843

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 29 May 2026 and were signed on its behalf by:

Mr R K Nixon - Director

Mr E J O'Donnell - Director

1.	STATUTORY INFORMATION

Sports Test Equip Ltd. is a private company, limited by shares , registered in Scotland. 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.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery

-

25% on reducing balance

Financial instruments

The Company only enters into basic financial instrument transactions that result in the recognition of financial

assets and liabilities like trade and other accounts receivable and payable, loans from banks and other third parties.

Debt instruments, including loans and other accounts receivable and payable are initially measured at transaction price adjusted for transaction costs. They are subsequently recognised at amortised costs using the effective interest method.

Creditors payable within one year, typically trade payables, are measured initially and subsequently at the undiscounted amount of the cash or other consideration expected to be paid.

Debtors payable within one year, typically trade receivables, are measured initially and subsequently at the undiscounted amount of the cash or other consideration expected to be received.

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 statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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 statement of financial position 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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2024 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

£

COST

At 1 September 2024

and 31 August 2025

2,201

DEPRECIATION

At 1 September 2024

2,052

Charge for year

37

At 31 August 2025

2,089

NET BOOK VALUE

At 31 August 2025

112

At 31 August 2024

149

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.8.25

31.8.24

£

£

Amounts owed by group undertakings

617,137

522,794

Trade debtors

91,461

84,420

Other debtors

922

451

Directors' loan accounts

1,387

1,387

710,907

609,052

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.8.25

31.8.24

£

£

Bank loans and overdrafts

10,484

10,225

Trade creditors

96,343

71,472

Tax

28,055

-

VAT

12,599

13,669

Other creditors

3,768

2,166

Deferred income

65,700

-

Accrued expenses

812

746

217,761

98,278

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.8.25

31.8.24

£

£

Bank loans - 1-2 years

885

10,484

Bank loans - 2-5 years

-

885

885

11,369

8.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 August 2025 and 31 August 2024:

31.8.25

31.8.24

£

£

Mr R K Nixon

Balance outstanding at start of year

1,387

1,387

Amounts repaid

-

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

1,387

1,387

Interest is charged on balances exceeding £10,000 at a rate of 2.25% until 5th April 2025 and 3.75% thereafter. .

9.	RELATED PARTY DISCLOSURES

From time to time the company enters into transactions with other Companies under common control or in which significant influence is held by the directors. Where these transactions have been made under normal market conditions specific details are not provided.

Balances owed from other Group Companies

2025

2024

Receivable

Receivable

£

£

Loan balances with other group companies

617,137

522,794

This loan is interest free and repayable upon demand.

Balances owed to or from companies outside the group in which the directors exert influence

2025

2025

2024

2024

Receivable

Payable

Receivable

Payable

£

£

£

£

Trade receivables / payables

54,112

Nil

37,773

Nil

The above balances are held within trade debtors and trade creditors and are owed by or to companies in which the directors are able to exert influence via their shareholdings. These are companies which are outwith the group. Extended trading terms are granted or received due to the influence of the directors.

10.	ULTIMATE CONTROLLING PARTY

The controlling party is Sports Labs Holdings Limited.

The Director, Eric O'Donnell is the ultimate controlling party by virtue of his majority shareholding in the parent

Company, Sports Labs Holdings Ltd.