Sporting Designs Ltd - Accounts

Sporting Designs Ltd - Accounts

SPORTING DESIGNS LTD - Company Information

Print Friendly Version

2021-01-01 2021-12-31 false Capium Accounts Production 1.1 05637546 bus:FullAccounts 2021-01-01 2021-12-31 05637546 bus:FRS102 2021-01-01 2021-12-31 05637546 bus:AuditExemptWithAccountantsReport 2021-01-01 2021-12-31 05637546 bus:SmallCompaniesRegimeForAccounts 2021-01-01 2021-12-31 05637546 bus:PrivateLimitedCompanyLtd 2021-01-01 2021-12-31 05637546 2021-01-01 2021-12-31 05637546 2021-12-31 05637546 bus:RegisteredOffice 2021-01-01 2021-12-31 05637546 core:WithinOneYear 2021-12-31 05637546 core:AfterOneYear 2021-12-31 05637546 bus:Director1 2021-01-01 2021-12-31 05637546 bus:Director1 2021-12-31 05637546 bus:Director1 2020-01-01 2020-12-31 05637546 2020-01-01 05637546 bus:CompanySecretary1 2021-01-01 2021-12-31 05637546 bus:LeadAgentIfApplicable 2021-01-01 2021-12-31 05637546 2020-01-01 2020-12-31 05637546 2020-12-31 05637546 core:WithinOneYear 2020-12-31 05637546 core:AfterOneYear 2020-12-31 05637546 bus:EntityAccountantsOrAuditors 2020-01-01 2020-12-31 05637546 bus:OrdinaryShareClass1 2021-01-01 2021-12-31 05637546 bus:OrdinaryShareClass1 2021-12-31 05637546 bus:OrdinaryShareClass1 2020-01-01 2020-12-31 05637546 bus:OrdinaryShareClass1 2020-12-31 05637546 core:PlantMachinery 2021-01-01 2021-12-31 05637546 core:PlantMachinery 2021-12-31 05637546 core:PlantMachinery 2020-12-31 05637546 core:LeasedAssetsHeldAsLessee core:PlantMachinery 2021-12-31 05637546 core:LeasedAssetsHeldAsLessee core:PlantMachinery 2020-12-31 05637546 core:CostValuation core:Non-currentFinancialInstruments 2021-12-31 05637546 core:CostValuation core:Non-currentFinancialInstruments 2020-12-31 05637546 core:AdditionsToInvestments core:Non-currentFinancialInstruments 2021-12-31 05637546 core:DisposalsDecreaseInInvestments core:Non-currentFinancialInstruments 2021-12-31 05637546 core:RevaluationsIncreaseDecreaseInInvestments core:Non-currentFinancialInstruments 2021-12-31 05637546 core:Non-currentFinancialInstruments 2021-12-31 05637546 core:Non-currentFinancialInstruments 2020-12-31 05637546 core:ShareCapital 2021-12-31 05637546 core:ShareCapital 2020-12-31 05637546 core:RetainedEarningsAccumulatedLosses 2021-12-31 05637546 core:RetainedEarningsAccumulatedLosses 2020-12-31 05637546 dpl:Item1 2021-01-01 05637546 dpl:Item1 2021-12-31 05637546 dpl:Item1 2020-01-01 05637546 dpl:Item1 2020-12-31 iso4217:GBP xbrli:shares xbrli:pure
Registered Number: 05637546
England and Wales

 

 

 

SPORTING DESIGNS LTD


Unaudited Financial Statements
 


Period of accounts

Start date: 01 January 2021

End date: 31 December 2021

Sporting Designs Ltd
Contents Page
For the year ended 31 December 2021
 
 		 Notes
 		 2021
£		   2020
£
Current assets      
Stocks 4 12,491    12,813 
Debtors 5 769    2,356 
Cash at bank and in hand 18,500    12,212 
31,760    27,381 
Creditors: amount falling due within one year 6 (7,915)   (3,981)
Net current assets 23,845    23,400 
 
Total assets less current liabilities 23,845    23,400 
Net assets 23,845    23,400 
 

Capital and reserves 		     
Called up share capital 7 1,000    1,000 
Profit and loss account 22,845    22,400 
Shareholder's funds 23,845    23,400 
 


For the year ended 31 December 2021 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:
  1. The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
  2. 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.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of Part 15 of the Companies Act 2006. In accordance with Section 444 of the Companies Act 2006, the income statement has not been delivered to the Registrar of Companies.
The financial statements were approved by the director on 24 August 2022 and were signed by:


--------------------------------
Paul Girdham
Director
1
General Information
Sporting Designs Ltd is a private company, limited by shares, registered in England and Wales, registration number 05637546, registration address One Barkers Field, Long Clawson, Leicestershire, LE14 4PL

The presentation currency is £ sterling.
1.

Accounting policies

Significant accounting policies
Statement of compliance
These financial statements have been prepared in compliance with FRS 102 – The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
Basis of preparation
The financial statements have been prepared on the going concern basis and under the historical cost convention as modified by the revaluation of land and buildings and certain financial instruments measured at fair value in accordance with the accounting policies.
The financial statements are prepared in sterling which is the functional currency of the company.
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Taxation
Taxation represents the sum of tax currently payable and deferred tax. Tax is recognised in the statement of income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves.
The company’s liability for current tax is calculated using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Current and deferred tax assets and liabilities are not discounted
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Plant and Machinery 5 Years Straight Line
Stocks
Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.
2.

Average number of employees

Average number of employees during the year was 0 (2020 : 0).
3.

Tangible fixed assets

Cost or valuation Plant and Machinery   Total
  £   £
At 01 January 2021 11,204    11,204 
Additions -    - 
Disposals -    - 
At 31 December 2021 11,204    11,204 
Depreciation
At 01 January 2021 11,204    11,204 
Charge for year -    - 
On disposals -    - 
At 31 December 2021 11,204    11,204 
Net book values
Closing balance as at 31 December 2021 -    - 
Opening balance as at 01 January 2021 -    - 


4.

Stocks

2021
£		   2020
£
Stocks 12,491    12,813 
12,491    12,813 

5.

Debtors: amounts falling due within one year

2021
£		   2020
£
Trade Debtors 586    45 
VAT 183    2,311 
769    2,356 

6.

Creditors: amount falling due within one year

2021
£		   2020
£
Bank Loans & Overdrafts 0    2,328 
Corporation Tax 691    0 
Accrued Expenses 601    599 
Directors' Current Accounts 6,623    1,054 
7,915    3,981 

7.

Share Capital

Allotted, called up and fully paid
2021
£		   2020
£
1,000 Class A shares of £1.00 each 1,000    1,000 
1,000    1,000 

2