P E Sport Solutions Ltd - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 07672903 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST AUGUST 2021

FOR

P E SPORT SOLUTIONS LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

J G Mandry

REGISTERED OFFICE:

76 Aldwick Road

Bognor Regis

West Sussex

PO21 2PE

REGISTERED NUMBER:

07672903 (England and Wales)

ACCOUNTANTS:

Bromley Clackett Limited

76 Aldwick Road

Bognor Regis

West Sussex

PO21 2PE

FIXED ASSETS

Tangible assets

4

2,046

1,441

CURRENT ASSETS

Debtors

5

-

9,500

Cash at bank

34,783

4,992

34,783

14,492

CREDITORS

Amounts falling due within one year

6

17,475

14,122

NET CURRENT ASSETS

17,308

370

TOTAL ASSETS LESS CURRENT LIABILITIES

19,354

1,811

CREDITORS

Amounts falling due after more than one year

7

13,327

-

NET ASSETS

6,027

1,811

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

5,927

1,711

SHAREHOLDERS' FUNDS

6,027

1,811

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st August 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st August 2021 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director and authorised for issue on 8th May 2022 and were signed by:

J G Mandry - Director

1.	STATUTORY INFORMATION

P E Sport Solutions 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.

Turnover

Turnover represents net invoiced sales for services, excluding value added tax.

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

-

15% on reducing balance

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2020 - 1 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1st September 2020

3,012

Additions

853

At 31st August 2021

3,865

DEPRECIATION

At 1st September 2020

1,571

Charge for year

248

At 31st August 2021

1,819

NET BOOK VALUE

At 31st August 2021

2,046

At 31st August 2020

1,441

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.8.21

31.8.20

£

£

Trade debtors

-

9,500

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.8.21

31.8.20

£

£

Bank loans and overdrafts

1,673

-

Taxation and social security

12,095

10,014

Other creditors

3,707

4,108

17,475

14,122

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.8.21

31.8.20

£

£

Bank loans

13,327

-

8.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

At the balance sheet date, the company owed the director J G Mandry £2,327 (2020: £1,515).