Aries Sports Limited - Filleted accounts

Registered number

10506789

Aries Sports Limited

Filleted Accounts

31 August 2025

Aries Sports Limited
Registered number:		10506789
Balance Sheet
as at 31 August 2025

Notes			2025			2024
£				£
Fixed assets
Tangible assets	3		150,536			187,290

Current assets
Debtors	4	14,108			14,108
Cash at bank and in hand		39,943			4,044
		54,051			18,152

Creditors: amounts falling due within one year	5	(462,913)			(335,195)

Net current liabilities			(408,862)			(317,043)

Total assets less current liabilities			(258,326)			(129,753)

Creditors: amounts falling due after more than one year	6		(532,360)			(537,258)



Net liabilities			(790,686)			(667,011)

Capital and reserves
Called up share capital			100			2
Profit and loss account			(790,786)			(667,013)

Shareholder's funds			(790,686)			(667,011)

The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.




Mr Wei Feng
Director
Approved by the board on 10 August 2026

Aries Sports Limited
Notes to the Accounts
for the period from 31 August 2024 to 31 August 2025


1	Accounting policies

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).

	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 from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.

	Tangible fixed assets
	Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:

	Leasehold improvements	over the lease term
	Equipment, fixtures and fittings	over 4 years

	Debtors
	Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

	Creditors
	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

	Taxation
	A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

	Provisions
	Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.

	Foreign currency translation
	Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.

	Leased assets
	A lease is classified as a finance lease if it transfers substantially all the risks and rewards incidental to ownership. All other leases are classified as operating leases. The rights of use and obligations under finance leases are initially recognised as assets and liabilities at amounts equal to the fair value of the leased assets or, if lower, the present value of the minimum lease payments. Minimum lease payments are apportioned between the finance charge and the reduction in the outstanding liability using the effective interest rate method. The finance charge is allocated to each period during the lease so as to produce a constant periodic rate of interest on the remaining balance of the liability. Leased assets are depreciated in accordance with the company's policy for tangible fixed assets. If there is no reasonable certainty that ownership will be obtained at the end of the lease term, the asset is depreciated over the lower of the lease term and its useful life. Operating lease payments are recognised as an expense on a straight line basis over the lease term.

	Pensions
	Contributions to defined contribution plans are expensed in the period to which they relate.


2	Employees			2025		2024
Number					Number

	Average number of persons employed by the company			2		2


3	Tangible fixed assets
		Leasehold improvements		Equipment, fixtures and fittings		Total
£			£		£
	Cost
	At 31 August 2024	264,720		212,155		476,875
	Additions	-		4,601		4,601
	At 31 August 2025	264,720		216,756		481,476

	Depreciation
	At 31 August 2024	132,360		157,225		289,585
	Charge for the period	26,472		14,883		41,355
	At 31 August 2025	158,832		172,108		330,940

	Net book value
	At 31 August 2025	105,888		44,648		150,536
	At 30 August 2024	132,360		54,930		187,290


4	Debtors			2025		2024
£					£

	Other debtors			14,108		14,108


5	Creditors: amounts falling due within one year			2025		2024
£					£

	Bank loans and overdrafts			10,648		10,648
	Trade creditors			2,694		4,288
	Taxation and social security costs			8,313		9,043
	Other creditors			441,258		311,216
				462,913		335,195


6	Creditors: amounts falling due after one year			2025		2024
£					£

	Bank loans			3,516		8,414
	Other creditors			528,844		528,844
				532,360		537,258


7	Other information

	Aries Sports Limited is a private company limited by shares and incorporated in England. Its registered office is:
	311 Regents Park Road
	London
	N3 1DP