RJM Sports Ltd. - Accounts to registrar (filleted)

REGISTERED NUMBER: SC260637 (Scotland)

Unaudited Financial Statements for the Year Ended 31 December 2025

for

RJM Sports Ltd.

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

J Marshall

R A L Marshall

G Marshall

SECRETARY:

J Marshall

REGISTERED OFFICE:

Pavillion 2

Finnieston Business Park

Minerva Way

Glasgow

G3 8AU

REGISTERED NUMBER:

SC260637 (Scotland)

ACCOUNTANTS:

Advantage Accounting (Scotland) Ltd

Pavilion 2

Finnieston Business Park

Minerva Way

Glasgow

G3 8AU

FIXED ASSETS

Intangible assets

3

-

751

Tangible assets

4

32,523

29,882

32,523

30,633

CURRENT ASSETS

Stocks

305,000

330,000

Debtors

5

57,542

63,067

Cash at bank and in hand

92,798

59,439

455,340

452,506

CREDITORS

Amounts falling due within one year

6

204,074

199,691

NET CURRENT ASSETS

251,266

252,815

TOTAL ASSETS LESS CURRENT
LIABILITIES

283,789

283,448

CREDITORS

Amounts falling due after more than one year

7

(24,780

)

(45,279

)

PROVISIONS FOR LIABILITIES

(5,077

)

(4,008

)

NET ASSETS

253,932

234,161

CAPITAL AND RESERVES

Called up share capital

1,000

Retained earnings

252,932

233,161

SHAREHOLDERS' FUNDS

253,932

234,161

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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 17 August 2026 and were signed on its behalf by:

G Marshall - Director

1.	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.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2014, was being amortised evenly over its estimated useful life of 3 years, though no charge was applied in the year of purchase.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Website are being amortised evenly over their estimated useful life of three years.

Tangible fixed assets

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

Plant and machinery etc

-

33% on cost and 25% on reducing balance

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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 balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits

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

2.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 15 (2024 - 16 ) .

3.	INTANGIBLE FIXED ASSETS

Other

intangible

Goodwill

assets

Totals

£

COST

At 1 January 2025

and 31 December 2025

10,002

23,150

33,152

AMORTISATION

At 1 January 2025

10,002

22,399

32,401

Charge for year

-

751

At 31 December 2025

10,002

23,150

33,152

NET BOOK VALUE

At 31 December 2025

-

At 31 December 2024

-

751

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 January 2025

104,045

Additions

10,771

Disposals

(21,695

)

At 31 December 2025

93,121

DEPRECIATION

At 1 January 2025

74,163

Charge for year

8,129

Eliminated on disposal

(21,694

)

At 31 December 2025

60,598

NET BOOK VALUE

At 31 December 2025

32,523

At 31 December 2024

29,882

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.25

31.12.24

£

Trade debtors

28,341

19,256

Amounts owed by associates

4,098

24,098

Other debtors

25,103

19,713

57,542

63,067

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.25

31.12.24

£

Hire purchase contracts (see note 8)

1,219

2,926

Trade creditors

135,459

113,798

Taxation and social security

30,852

21,572

Other creditors

36,544

61,395

204,074

199,691

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR

31.12.25

31.12.24

£

Bank loans

12,780

44,060

Hire purchase contracts (see note 8)

-

1,219

Other creditors

12,000

-

24,780

45,279

8.	LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase

contracts

31.12.25

31.12.24

£

Net obligations repayable:

Within one year

1,219

2,926

Between one and five years

-

1,219

4,145

Non-cancellable

operating leases

31.12.25

31.12.24

£

Within one year

19,855

21,660

Between one and five years

-

19,855

41,515

9.	SECURED DEBTS

Atom Bank PLC holds fixed and floating charges over the assets of the company.

10.	RELATED PARTY DISCLOSURES

During the year under review the company paid rental and services charges to Denny Engraving Ltd, a scottish registered company under common control, of £32,006 (2024 - £31,814).

At the balance sheet date the company was owed £4,098 (£24,098) from Denny Engraving Ltd.