Registration number: 02521770

Crown Sports Lockers (UK) Limited

Contents

Company Information	1
Balance Sheet	2 to 3
Notes to the Unaudited Financial Statements	4 to 10

Crown Sports Lockers (UK) Limited

Company Information

Directors

Mr S J Grimwood Mr S L Palmer Mrs R S Grimwood Mrs K T Palmer

Registered office

Units 2 & 3 Torbay Business Park Woodview Road Paignton Devon TQ4 7HP

Crown Sports Lockers (UK) Limited

(Registration number: 02521770)
Balance Sheet as at 30 June 2026

	Note	2026 £	2025 £
Fixed assets
Intangible assets	4	171	270
Tangible assets	5	377,646	343,961
		377,817	344,231
Current assets
Stocks	6	186,480	90,942
Debtors	7	519,557	260,394
Cash at bank and in hand		1,097,210	792,652
		1,803,247	1,143,988
Creditors: Amounts falling due within one year	8	(1,014,779)	(516,447)
Net current assets		788,468	627,541
Total assets less current liabilities		1,166,285	971,772
Creditors: Amounts falling due after more than one year	8	(74,463)	(52,893)
Provisions for liabilities		(93,200)	(81,969)
Net assets		998,622	836,910
Capital and reserves
Called up share capital		1	1
Capital redemption reserve		99	99
Retained earnings		998,522	836,810
Shareholders' funds		998,622	836,910

For the financial year ending 30 June 2026 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 accounts for the year in question in accordance with section 476; and
•	The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 15 October 2026 and signed on its behalf by:
 

Crown Sports Lockers (UK) Limited

(Registration number: 02521770)
Balance Sheet as at 30 June 2026

......................................... Mr S L Palmer Director

Crown Sports Lockers (UK) Limited

Notes to the Unaudited Financial Statements for the year ended 30 June 2026

1	General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Units 2 & 3 Torbay Business Park
Woodview Road
Paignton
Devon
TQ4 7HP

These financial statements were authorised for issue by the Board on 15 October 2026.

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

The financial statements are presented in sterling and rounded to the nearest £1.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of turnover can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Foreign currency transactions and balances

Transactions in foreign currencies are initially recorded at the functional currency rate prevailing at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are retranslated into the respective functional currency of the entity at the rates prevailing on the reporting period date. Non-monetary items carried at fair value that are denominated in foreign currencies are retranslated at the rate on the date when the fair value is re-measured.

Non-monetary items measured in terms of historical cost in a foreign currency are not retranslated.

Crown Sports Lockers (UK) Limited

Notes to the Unaudited Financial Statements for the year ended 30 June 2026

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when 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.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is apportioned pro-rata in respect of all additions and disposals during the period. Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Depreciation method and rate for tangible assets
Asset class	Depreciation method and rate
Leasehold property	straight line basis over the term of the lease
Plant and machinery	20% reducing balance
Motor vehicles	25% reducing balance
Computer equipment	33.33% straight line

Goodwill

Goodwill arising on the acquisition of an entity represents the excess of the cost of acquisition over the company’s interest in the net fair value of the identifiable assets, liabilities and contingent liabilities of the entity recognised at the date of acquisition. Goodwill is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is held in the currency of the acquired entity and revalued to the closing rate at each reporting period date. Goodwill is amortised over its useful life, which shall not exceed ten years if a reliable estimate of the useful life cannot be made.

Crown Sports Lockers (UK) Limited

Notes to the Unaudited Financial Statements for the year ended 30 June 2026

Intangible assets

Separately acquired trademarks and licences are shown at historical cost.

Trademarks, licences (including software) and customer-related intangible assets acquired in a business combination are recognised at fair value at the acquisition date.

Trademarks, licences and customer-related intangible assets have a finite useful life and are carried at cost less accumulated amortisation and any accumulated impairment losses.

Amortisation

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

Asset class	Amortisation method and rate
Goodwill	10% straight line
Trademarks, patents and licences	10% straight line
Website	33.33% straight line

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Trade creditors are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Crown Sports Lockers (UK) Limited

Notes to the Unaudited Financial Statements for the year ended 30 June 2026

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Leases

Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessee.

Assets held under finance leases are recognised at the lower of their fair value at inception of the lease and the present value of the minimum lease payments. These assets are depreciated on a straight-line basis over the shorter of the useful life of the asset and the lease term. The corresponding liability to the lessor is included in the balance sheet as a finance lease obligation.

Lease payments are apportioned between finance costs in the profit and loss account and reduction of the lease obligation so as to achieve a constant periodic rate of interest on the remaining balance of the liability.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3	Staff numbers

The average number of persons employed by the company (including directors) during the year, was 12 (2025 - 13).

Crown Sports Lockers (UK) Limited

Notes to the Unaudited Financial Statements for the year ended 30 June 2026

4	Intangible assets

	Goodwill  £	Trademarks, patents and licenses  £	Other intangible assets  £	Total £
Cost or valuation
At 1 July 2025	185,840	986	5,785	192,611
At 30 June 2026	185,840	986	5,785	192,611
Amortisation
At 1 July 2025	185,839	717	5,785	192,341
Amortisation charge	-	99	-	99
At 30 June 2026	185,839	816	5,785	192,440
Carrying amount
At 30 June 2026	1	170	-	171
At 30 June 2025	1	269	-	270

5	Tangible assets

	Land and buildings £	Furniture, fittings and equipment  £	Motor vehicles  £	Total £
Cost or valuation
At 1 July 2025	56,591	682,705	203,484	942,780
Additions	-	109,265	22,489	131,754
Disposals	-	(72,894)	(17,250)	(90,144)
At 30 June 2026	56,591	719,076	208,723	984,390
Depreciation
At 1 July 2025	48,910	496,934	52,975	598,819
Charge for the year	2,836	47,719	37,954	88,509
Eliminated on disposal	-	(68,593)	(11,991)	(80,584)
At 30 June 2026	51,746	476,060	78,938	606,744
Carrying amount
At 30 June 2026	4,845	243,016	129,785	377,646
At 30 June 2025	7,681	185,771	150,509	343,961

Included within the net book value of land and buildings above is £4,845 (2025 - £7,681) in respect of long leasehold land and buildings.
 

Crown Sports Lockers (UK) Limited

Notes to the Unaudited Financial Statements for the year ended 30 June 2026

6

Stocks

	2026 £	2025 £
Work in progress	148,103	51,836
Other inventories	38,377	39,106
	186,480	90,942

7

Debtors

Current	2026 £	2025 £
Trade debtors	459,486	197,900
Prepayments	58,996	62,464
Other debtors	1,075	30
	519,557	260,394

8

Creditors

Creditors: amounts falling due within one year

	Note	2026 £	2025 £
Due within one year
Loans and borrowings	10	55,431	58,397
Trade creditors		341,874	176,514
Taxation and social security		267,580	139,475
Accruals and deferred income		14,421	14,608
Other creditors		335,473	127,453
		1,014,779	516,447

Creditors include bank loans and overdrafts and net obligations under finance lease and hire purchase contracts which are secured of £55,431 (2025 - £58,397).

Creditors: amounts falling due after more than one year

	Note	2026 £	2025 £
Due after one year
Loans and borrowings	10	74,463	52,893

Creditors include bank loans and overdrafts and net obligations under finance lease and hire purchase contracts which are secured of £74,463 (2025 - £52,893).

9	Share capital

Allotted, called up and fully paid shares

Crown Sports Lockers (UK) Limited

Notes to the Unaudited Financial Statements for the year ended 30 June 2026

	2026		2025
	No.	£	No.	£
Ordinary shares of £0.01 each	2	0.02	2	0.02

10	Loans and borrowings

Non-current loans and borrowings

	2026 £	2025 £
Bank borrowings	-	833
Finance lease liabilities	74,463	52,060
	74,463	52,893

Current loans and borrowings

	2026 £	2025 £
Bank borrowings	834	10,000
Finance lease liabilities	54,597	48,397
	55,431	58,397

11	Financial commitments, guarantees and contingencies

Amounts not provided for in the balance sheet

The total amount of financial commitments not included in the balance sheet is £297,818 (2025 - £358,128). This relates to leases (6 years remaining) on properties that the company operates from.