1 November 2024 v2026.22.1 limited_company_frs_102_section_1a_v1_1_3 companies_houseSoftwarefalsetruetruetrueNo description of principal activityfalsetruexbrli:purexbrli:sharesiso4217:GBP104259172024-11-012025-10-31104259172025-10-31104259172024-10-3110425917core:WithinOneYear2025-10-3110425917core:WithinOneYear2024-10-3110425917core:AfterOneYear2025-10-3110425917core:AfterOneYear2024-10-3110425917core:ShareCapital2025-10-3110425917core:ShareCapital2024-10-3110425917core:RetainedEarningsAccumulatedLosses2025-10-3110425917core:RetainedEarningsAccumulatedLosses2024-10-3110425917bus:Director12024-11-012025-10-3110425917bus:RegisteredOffice2024-11-012025-10-3110425917core:OfficeEquipment2024-11-012025-10-31104259172023-11-012024-10-3110425917core:PlantMachinery2024-11-0110425917core:PlantMachinery2024-11-012025-10-3110425917core:PlantMachinery2025-10-3110425917core:PlantMachinery2024-10-311042591712024-11-012025-10-3110425917countries:EnglandWales2024-11-012025-10-3110425917bus:AuditExemptWithAccountantsReport2024-11-012025-10-3110425917bus:PrivateLimitedCompanyLtd2024-11-012025-10-3110425917bus:SmallEntities2024-11-012025-10-3110425917bus:FullAccounts2024-11-012025-10-31
Company registration number:
10425917
KIT FOR SPORT LIMITED
Unaudited Filleted Financial Statements for the year ended
31 October 2025
KIT FOR SPORT LIMITED
Statement of Financial Position
31 October 2025
20252024
Note££
Fixed assets    
Tangible assets 5
3,126
 
2,814
 
Current assets    
Debtors 6
23,133
 
34,182
 
Cash at bank and in hand
211,397
 
72,579
 
234,530
 
106,761
 
Creditors: amounts falling due within one year 7
(139,475
 )
(25,797
 )
Net current assets
95,055
 
80,964
 
Total assets less current liabilities 98,181   83,778  
Creditors: amounts falling due after more than one year 8
(20,360
 )
(25,916
 )
Net assets
77,821
 
57,862
 
Capital and reserves    
Called up share capital
200
 
200
 
Profit and loss account
77,621
 
57,662
 
Shareholders funds
77,821
 
57,862
 
For the year ending
31 October 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 year in question in accordance with section 476;
  • The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These
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.
These
financial statements
were approved by the board of directors and authorised for issue on
2 June 2026
, and are signed on behalf of the board by:
M Cobbett
Director
Company registration number:
10425917
KIT FOR SPORT LIMITED
Notes to the Financial Statements
Year ended
31 October 2025

1 General information

The company is a private company limited by shares and is registered in England and Wales. The address of the registered office is
C/O Orangestripe Outsourcing And Accountancy Ltd
,
224 Watermoor Point
,
Watermoor Road
,
Cirencester
,
GL7 1LF
, England.

2 Statement of compliance

These
financial statements
have been prepared in compliance with FRS 102 Section 1A, 'The Financial Reporting Standard applicable to the UK and Republic of Ireland'.

3 Accounting policies

Basis of preparation

The
financial statements
have been prepared on the historical cost basis, as modified by the revaluation of certain assets.
The
financial statements
are prepared in sterling, which is the functional currency of the company.

Turnover

Turnover is measured at the fair value of the consideration received or receivable for goods supplied, net of discounts and Value Added Tax.
Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer, usually on despatch of the goods; the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

Current tax

Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Tangible assets

Tangible assets are initially measured at cost, and are subsequently measured at cost less any accumulated depreciation and accumulated impairment losses or at a revalued amount.
Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful economic life of that asset as follows:
Office equipment
20% straight line

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 debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.
For financial assets measured at cost less impairment, the impairment loss is measured as the difference between an asset's carrying amount and best estimate of the recoverable amount, which is an approximation of the amount that the Company would receive for the asset if it were to be sold at the reporting date.

Pensions

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

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition that are readily convertible to known amounts of cash with insignificant risk of change in value.

4 Average number of employees

The average number of persons employed by the company during the year was
3
(2024:
3
).

5 Tangible assets

Plant and machinery etc.
£
Cost  
At
1 November 2024
4,780
 
Additions
929
 
At
31 October 2025
5,709
 
Depreciation  
At
1 November 2024
1,966
 
Charge
617
 
At
31 October 2025
2,583
 
Carrying amount  
At
31 October 2025
3,126
 
At 31 October 2024
2,814
 

6 Debtors

20252024
££
Trade debtors
22,647
  -  
Other debtors
486
 
34,182
 
23,133
 
34,182
 

7 Creditors: amounts falling due within one year

20252024
££
Bank loans and overdrafts
5,564
 
5,563
 
Taxation and social security
44,436
 
17,760
 
Other creditors
89,475
 
2,474
 
139,475
 
25,797
 

8 Creditors: amounts falling due after more than one year

20252024
££
Bank loans and overdrafts
20,360
 
25,916
 

9 Directors' advances, credit and guarantees

The following advances and credits to directors subsisted during the year ended 31 October 2025:
Mrs M Cobbett
Balance outstanding at the start of the year - £607
Amounts drawn - £0
Amounts repaid - £37,327
Balance outstanding at the year end - (£36,720)
Mr J Green
Balance outstanding at the start of the year - £11,954
Amounts drawn - £1,474
Amounts repaid - £13,463
Balance outstanding at the year end - (£35)