Notts Sport Group Limited Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 01804724

Notts Sport Group Limited

Filleted Unaudited Financial Statements

31 October 2025

Notts Sport Group Limited

Statement of Financial Position

31 October 2025

	2025	2024
Note	£	£

Fixed assets

Intangible assets	6	4,048	7,115
Investments	8	102	102
		-------	-------
		4,150	7,217

Current assets

Debtors	9	222,245	208,145
Cash at bank and in hand		5,000	3,997
		---------	---------
		227,245	212,142

Creditors: amounts falling due within one year	10	8,825	5,201
		---------	---------
Net current assets		218,420	206,941
		---------	---------
Total assets less current liabilities		222,570	214,158
		---------	---------

Capital and reserves

Called up share capital	108,000	108,000
Share premium account	472	472
Capital redemption reserve	5,985	5,985
Profit and loss account	108,113	99,701
	---------	---------
Shareholders funds	222,570	214,158
	---------	---------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the income statement has not been delivered.

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 .

Notts Sport Group Limited

Statement of Financial Position (continued)

31 October 2025

These financial statements were approved by the board of directors and authorised for issue on 30 April 2026 , and are signed on behalf of the board by:

Mr. S. Patrick

Director

Company registration number: 01804724

Notts Sport Group Limited

Notes to the Financial Statements

Year ended 31 October 2025

1. Statutory information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Bridge Farm, Holt Lane, Ashby Magna, Leicestershire, LE17 5NJ, United Kingdom.

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the 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 financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Consolidation

The company has taken advantage of the option not to prepare consolidated financial statements contained in Section 398 of the Companies Act 2006 on the basis that the company and its subsidiary undertakings comprise a small group.

Revenue recognition

Turnover is measured at fair value of consideration received or receivable for services rendered, net of Value Added Tax and represent management charges from related entities.

Income tax

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. 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.

Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.

Intangible assets

Intangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated amortisation and impairment losses. Any intangible assets carried at revalued amounts, are recorded at the fair value at the date of revaluation, as determined by reference to an active market, less any subsequent accumulated amortisation and subsequent accumulated impairment losses. Intangible assets acquired as part of a business combination are only recognised separately from goodwill when they arise from contractual or other legal rights, are separable, the expected future economic benefits are probable and the cost or value can be measured reliably.

Amortisation

Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful life of that asset as follows:

Development costs	-	Amortised evenly over their useful economic life
Patents, trademarks and licences	-	Amortised evenly over their useful economic life

If there is an indication that there has been a significant change in amortisation rate, useful life or residual value of an intangible asset, the amortisation is revised prospectively to reflect the new estimates.

Research and development

Research expenditure is written off in the period in which it is incurred. Development expenditure incurred is capitalised as an intangible asset only when all of the following criteria are met: - It is technically feasible to complete the intangible asset so that it will be available for use or sale; - There is the intention to complete the intangible asset and use or sell it; - There is the ability to use or sell the intangible asset; - The use or sale of the intangible asset will generate probable future economic benefits; - There are adequate technical, financial and other resources available to complete the development and to use or sell the intangible asset; and - The expenditure attributable to the intangible asset during its development can be measured reliably. Expenditure that does not meet the above criteria is expensed as incurred.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

Plant and machinery	-	20% straight line
Fixtures and fittings	-	20% straight line
Motor vehicles	-	20% reducing balance
Website development	-	20% straight line

	Demonstration area	-	20% straight line

Investments

Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses.

Financial instruments

A financial asset or a financial liability is recognised only when the company becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially measured at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Debt instruments are subsequently measured at amortised cost. Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately. Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.

4. Employee numbers

The average number of persons employed by the company during the year amounted to 2 (2024: 2 ).

5. Tax provision

Major components of tax expense

	2025	2024
	£	£

Current tax:

UK current tax expense	863	1,646
	----	-------
Tax provision	863	1,646
	----	-------

Reconciliation of tax expense

The tax assessed on the profit on ordinary activities for the year is lower than (2024: lower than) the standard rate of corporation tax in the UK of 19 % (2024: 19 %).

	2025	2024
	£	£
Profit on ordinary activities before taxation	132,060	205,685
	---------	---------
Profit on ordinary activities by rate of tax	25,091	39,080
Effect of expenses not deductible for tax purposes	171	171
Effect of capital allowances and depreciation	301	395
Effect of revenue exempt from tax	( 24,700)	( 38,000)
	---------	---------
Tax on profit	863	1,646
	---------	---------

6. Intangible assets

	Development costs	Patents, trademarks and licences	Total
	£	£	£
Cost
At 1 November 2024 and 31 October 2025	30,000	229,568	259,568
	--------	---------	---------
Amortisation
At 1 November 2024	30,000	222,453	252,453
Charge for the year	–	3,067	3,067
	--------	---------	---------
At 31 October 2025	30,000	225,520	255,520
	--------	---------	---------
Carrying amount
At 31 October 2025	–	4,048	4,048
	--------	---------	---------
At 31 October 2024	–	7,115	7,115
	--------	---------	---------

7. Tangible assets

	Plant and machinery	Fixtures and fittings	Motor vehicles	Website development	Demonstration area	Total
	£	£	£	£	£	£
Cost
At 1 Nov 2024 and 31 Oct 2025	144,700	133,157	17,137	45,416	10,815	351,225
	---------	---------	--------	--------	--------	---------
Depreciation
At 1 Nov 2024 and 31 Oct 2025	144,700	133,157	17,137	45,416	10,815	351,225
	---------	---------	--------	--------	--------	---------
Carrying amount
At 31 Oct 2025	–	–	–	–	–	–
	---------	---------	--------	--------	--------	---------
At 31 Oct 2024	–	–	–	–	–	–
	---------	---------	--------	--------	--------	---------

8. Investments

	Shares in group undertakings
	£
Cost
At 1 November 2024 and 31 October 2025	102
	----
Impairment
At 1 November 2024 and 31 October 2025	–
	----

Carrying amount
At 31 October 2025	102
	----
At 31 October 2024	102
	----

9. Debtors

	2025	2024
	£	£
Amounts owed by group undertakings	212,245	171,883
Other debtors	10,000	36,262
	---------	---------
	222,245	208,145
	---------	---------

10. Creditors: amounts falling due within one year

	2025	2024
	£	£
Trade creditors	6,212	90
Corporation tax	863	1,646
Other creditors	1,750	3,465
	-------	-------
	8,825	5,201
	-------	-------

11. Directors' advances, credits and guarantees

12. Related party transactions

During the year, the company received management fees of £65,000 (2024: £50,000) and dividends of £130,000 (2024: £200,000) from Notts Sport Limited, a subsidiary of the company. As at 31 October 2025, the amount owed from Notts Sport Limited was £212,244.71 (2024: £171,883).

13. Ultimate controlling party

The company is controlled by Mr. S. Patrick .