LOKR Sports Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 15348283 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2026

FOR

LOKR SPORTS LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

K D Botha

A G Botha

REGISTERED OFFICE:

10 Stadium Business Court

Millennium Way

Pride Park

Derby

DE24 8HP

REGISTERED NUMBER:

15348283 (England and Wales)

ACCOUNTANTS:

TC Group

10 Stadium Business Court

Millennium Way

Pride Park

Derby

Derbyshire

DE24 8HP

FIXED ASSETS

Intangible assets

4

216,563

171,731

Tangible assets

5

1,523

935

218,086

172,666

CURRENT ASSETS

Debtors

6

86,879

34,535

Cash at bank

110,280

287,367

197,159

321,902

CREDITORS

Amounts falling due within one year

7

8,969

5,860

NET CURRENT ASSETS

188,190

316,042

TOTAL ASSETS LESS CURRENT
LIABILITIES

406,276

488,708

CAPITAL AND RESERVES

Called up share capital

8

506

Share premium

563,141

Retained earnings

(157,371

)

(74,939

)

SHAREHOLDERS' FUNDS

406,276

488,708

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2026.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2026 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 9 October 2026 and were signed on its behalf by:

K D Botha - Director

1.	STATUTORY INFORMATION

LOKR Sports Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2.	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.

The presentation currency of the financial statements is Pounds Sterling (£).

The financial statements are rounded to the nearest £1.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Intangible assets

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

Development costs are capitalised for all projects where a technical feasibility study has been carried out and it is intended that the company will:

- Complete the project

- Use the development asset within the business

It is also probable that future economic benefits will arise from the asset and that the expenditure associated with the project can be reliably measured.

On the finalisation of the project, development costs will be amortised over their estimated useful life.

Tangible fixed assets

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

Equipment

-

25% on reducing balance

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.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2025 - 3 ) .

4.	INTANGIBLE FIXED ASSETS

Computer

software

£

COST

At 1 April 2025

171,731

Additions

64,520

At 31 March 2026

236,251

AMORTISATION

Amortisation for year

19,688

At 31 March 2026

19,688

NET BOOK VALUE

At 31 March 2026

216,563

At 31 March 2025

171,731

5.	TANGIBLE FIXED ASSETS

Equipment

£

COST

At 1 April 2025

1,247

Additions

1,095

At 31 March 2026

2,342

DEPRECIATION

At 1 April 2025

312

Charge for year

507

At 31 March 2026

819

NET BOOK VALUE

At 31 March 2026

1,523

At 31 March 2025

935

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

Trade debtors

259

-

Other debtors

49,461

10,976

Directors' loan accounts

11,954

-

Deferred tax asset

25,205

23,559

86,879

34,535

The other debtors balance of £30,911 is owed to a company under common control.

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

Trade creditors

2,117

-

Social security and other taxes

970

1,017

VAT

3,358

2,798

Other creditors

524

45

Accruals and deferred income

2,000

8,969

5,860

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2026

2025

value:

£

50,601

Ordinary

0.01

506

9.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the year ended 31 March 2026 and the period ended 31 March 2025:

2026

2025

£

K D Botha and A G Botha

Balance outstanding at start of year

-

Amounts advanced

11,954

-

Amounts repaid

-

Amounts written off

-

Amounts waived

-

Balance outstanding at end of year

11,954

-

It is the company policy to charge interest on all overdrawn loan accounts at the HMRC official rate of interest (3.75%).

The amount charged during the year in respect of the above loans was £326 (2025: £nil) and has been included in other debtors.