REGISTERED NUMBER: 03476404 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 March 2026

for

JLS Sport Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

S J Bunn

J G Bunn

REGISTERED OFFICE:

19 Shortbutts Lane

Lichfield

Staffordshire

WS14 9BT

REGISTERED NUMBER:

03476404 (England and Wales)

ACCOUNTANTS:

Attwoods

Chartered Certified Accountants

182 Worcester Road

Bromsgrove

Worcestershire

B61 7AZ

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

22,452

27,761

Investment property

6

400,000

400,000

422,452

427,761

CURRENT ASSETS

Stocks

21,750

22,250

Debtors

7

4,697

313,404

Cash at bank and in hand

86,972

66,950

113,419

402,604

CREDITORS

Amounts falling due within one year

8

230,607

246,916

NET CURRENT (LIABILITIES)/ASSETS

(117,188

)

155,688

TOTAL ASSETS LESS CURRENT LIABILITIES

305,264

583,449

PROVISIONS FOR LIABILITIES

31,889

31,889

NET ASSETS

273,375

551,560

CAPITAL AND RESERVES

Called up share capital

100

100

Revaluation reserve

9

190,000

190,000

Retained earnings

83,275

361,460

SHAREHOLDERS' FUNDS

273,375

551,560

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 30 October 2026 and were signed on its behalf by:

J G Bunn - Director

1.	STATUTORY INFORMATION

JLS Sport Ltd 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 as modified by the revaluation of certain assets.

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 2010, is being amortised evenly over its estimated useful life of five years.

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.

Tangible fixed assets

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

Plant and machinery

-

20% on reducing balance

Fixtures and fittings

-

20% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

20% on reducing balance

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2025 - 4 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 April 2025

and 31 March 2026

10,000

AMORTISATION

At 1 April 2025

and 31 March 2026

10,000

NET BOOK VALUE

At 31 March 2026

-

At 31 March 2025

-

5.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Motor

Computer

machinery

fittings

vehicles

equipment

Totals

£

£

£

£

£

COST

At 1 April 2025

5,386

37,763

16,000

4,017

63,166

Additions

-

-

-

541

541

At 31 March 2026

5,386

37,763

16,000

4,558

63,707

DEPRECIATION

At 1 April 2025

4,745

17,125

10,938

2,597

35,405

Charge for year

129

4,127

1,265

329

5,850

At 31 March 2026

4,874

21,252

12,203

2,926

41,255

NET BOOK VALUE

At 31 March 2026

512

16,511

3,797

1,632

22,452

At 31 March 2025

641

20,638

5,062

1,420

27,761

6.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 April 2025

and 31 March 2026

400,000

NET BOOK VALUE

At 31 March 2026

400,000

At 31 March 2025

400,000

Fair value at 31 March 2026 is represented by:

£

Valuation in 2023

190,000

Cost

210,000

400,000

The investment properties were valued on an open market basis on 31st March 2023 by the directors.

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.26

31.3.25

£

£

Trade debtors

-

2,897

Amounts owed by group undertakings

-

305,292

Other debtors

4,697

5,215

4,697

313,404

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.26

31.3.25

£

£

Bank loans and overdrafts

-

26,947

Trade creditors

139,477

144,825

Taxation and social security

38,922

24,718

Other creditors

52,208

50,426

230,607

246,916

9.

RESERVES

Revaluation

reserve

£

At 1 April 2025

and 31 March 2026

190,000