Sports Power Limited - Accounts to registrar (filleted) - small 23.1

REGISTERED NUMBER: 03060316 (England and Wales)

Unaudited Financial Statements for the Year Ended 30 September 2022

for

Sports Power Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

Mrs J A Surtees

Mrs L D Martell-Surtees

REGISTERED OFFICE:

Buckmore Park Kart Circuit

Maidstone Road

Chatham

ME5 9QG

REGISTERED NUMBER:

03060316 (England and Wales)

ACCOUNTANTS:

Accsys Accountants Limited

Chartered Accountants

Trade Fair House

2 West Court

Enterprise Road

Maidstone

Kent

ME15 6JD

CURRENT ASSETS

Stocks

16,803

9,595

Debtors

4

3,518

1,176

Cash at bank

16,110

25,655

36,431

36,426

CREDITORS

Amounts falling due within one year

5

1,788

4,752

NET CURRENT ASSETS

34,643

31,674

TOTAL ASSETS LESS CURRENT LIABILITIES

34,643

31,674

CAPITAL AND RESERVES

Called up share capital

2

2

Retained earnings

34,641

31,672

34,643

31,674

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2022 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 9 June 2023 and were signed on its behalf by:

Mrs J A Surtees - Director

1.	STATUTORY INFORMATION

Sports Power 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.

Turnover

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

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2021 - NIL).

4.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.9.22

30.9.21

£

£

Trade debtors

417

918

Other debtors

3,101

258

3,518

1,176

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.9.22

30.9.21

£

£

Trade creditors

-

506

Taxation and social security

696

305

Other creditors

1,092

3,941

1,788

4,752