SDJ Sports Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 08192169 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2017

FOR

SDJ SPORTS LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

D L Coates

R S Gill

J McNeice

REGISTERED OFFICE:

Unit 7 Brookside Ind Estate

Glatton Road

Sawtry

Nr Huntingdon

Cambridgeshire

PE28 5SB

REGISTERED NUMBER:

08192169 (England and Wales)

ACCOUNTANTS:

Gibson Booth Limited

12 Victoria Road

Barnsley

South Yorkshire

S70 2BB

BANKERS:

HSBC

1 Wells Road

Ilkley

West Yorkshire

LS29 9JB

FIXED ASSETS

Intangible assets

4

3,494

7,120

Tangible assets

5

37,058

50,952

40,552

58,072

CURRENT ASSETS

Stocks

183,796

187,004

Debtors

6

13,310

41,812

Cash at bank and in hand

22,596

122,680

219,702

351,496

CREDITORS

Amounts falling due within one year

7

211,527

250,639

NET CURRENT ASSETS

8,175

100,857

TOTAL ASSETS LESS CURRENT LIABILITIES

48,727

158,929

PROVISIONS FOR LIABILITIES

7,704

11,614

NET ASSETS

41,023

147,315

CAPITAL AND RESERVES

Called up share capital

9

30

30

Retained earnings

10

40,993

147,285

SHAREHOLDERS' FUNDS

41,023

147,315

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2017 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 of Part 15 of the Companies Act 2006 relating to small companies.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved for issue by the Board of Directors on 27 June 2018 and were signed on its behalf by:

D L Coates - Director

1.	STATUTORY INFORMATION

SDJ 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.

The financial statements are presented in sterling which is the functional currency of the company

and rounded to the nearest pound.

2.	ACCOUNTING POLICIES

BASIS OF PREPARING THE FINANCIAL STATEMENTS

These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

SIGNIFICANT JUDGEMENTS AND ESTIMATES

No judgements have been made in the process of applying the below accounting policies that have

had the most significant effect on amounts recognised in the financial statements.

There are no key assumptions concerning the future and other key sources of estimation uncertainty

at the reporting date that have a significant risk of causing material adjustment to the carrying

amounts of assets and liabilities within the next financial year.

TURNOVER

Turnover is measured at the fair value of the consideration received or receivable net of VAT and

trade discounts.

Turnover from the sale of sports equipment is recognised when significant risks and rewards of

ownership of the goods have transferred to the buyer, the amount of turnover can be measured

reliably, it is probable that the economic benefits associated with the transaction will flow to the

company and the costs incurred or to be incurred in respect of the transaction can be measured

reliably. This is usually on dispatch of the goods.

AMORTISATION

Amortisation is calculated so as to write off the cost of an asset over the useful economic life of the

asset as follows:

Website - Straight line over 3 years

TANGIBLE FIXED ASSETS

Tangible fixed assets are stated at cost (or deemed cost) or valuation less accumulated depreciation

and accumulated impairment losses. Cost includes costs directly attributable to making the asset

capable of operating as intended.

Depreciation is provided on all tangible fixed assets, at rates calculated to write off the cost, less

estimated residual value, of each asset on a systematic basis over its expected useful life as follows:

Plant and machinery

- 20% on cost

Fixtures and fittings

- 20% on cost

Computer equipment

- 20% on cost

STOCKS

Stocks are valued at the lower of cost and net realisable value, after making due allowance for

obsolete and slow moving stock.

Cost is calculated using the first-in, first-out method and includes all purchase, transport and handling

costs in bringing stocks to their present location and condition.

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.

FOREIGN CURRENCIES

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at

the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of

exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at

the operating result.

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.

OPERATING LEASE AGREEMENTS

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership

remain with the lessor are charged profits on a straight line basis over the period of the lease.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 12 (2016 - 11 ) .

4.	INTANGIBLE FIXED ASSETS

Website

£

COST

At 1 January 2017

and 31 December 2017

21,557

AMORTISATION

At 1 January 2017

14,437

Amortisation for year

3,626

At 31 December 2017

18,063

NET BOOK VALUE

At 31 December 2017

3,494

At 31 December 2016

7,120

5.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Computer

machinery

fittings

equipment

Totals

£

£

£

£

COST

At 1 January 2017

6,896

13,679

53,698

74,273

Additions

-

-

1,107

1,107

At 31 December 2017

6,896

13,679

54,805

75,380

DEPRECIATION

At 1 January 2017

2,932

6,993

13,396

23,321

Charge for year

1,380

2,735

10,886

15,001

At 31 December 2017

4,312

9,728

24,282

38,322

NET BOOK VALUE

At 31 December 2017

2,584

3,951

30,523

37,058

At 31 December 2016

3,964

6,686

40,302

50,952

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.17

31.12.16

£

£

Trade debtors

40

1,184

Amounts owed by group undertakings

118

-

Other debtors

1,219

-

Directors' current accounts

-

30,000

Prepayments and accrued income

11,933

10,628

13,310

41,812

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.17

31.12.16

£

£

Bank loans and overdrafts

20,528

-

Trade creditors

147,739

200,915

Corporation tax

23,898

30,653

VAT

8,515

5,482

Other creditors

9,747

8,889

Accruals and deferred income

1,100

4,700

211,527

250,639

8.	LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

31.12.17

31.12.16

£

£

Within one year

13,688

13,688

Between one and five years

29,656

43,344

43,344

57,032

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.12.17

31.12.16

value:

£

£

30

Ordinary

1

30

30

10.

RESERVES

Retained

earnings

£

At 1 January 2017

147,285

Profit for the year

85,033

Dividends

(191,325

)

At 31 December 2017

40,993

11.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 December 2017

and 31 December 2016:

31.12.17

31.12.16

£

£

D L Coates

Balance outstanding at start of year

10,000

-

Amounts advanced

-

10,000

Amounts repaid

(10,000

)

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

-

10,000

R S Gill

Balance outstanding at start of year

10,000

-

Amounts advanced

-

10,000

Amounts repaid

(10,000

)

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

-

10,000

J McNeice

Balance outstanding at start of year

10,000

-

Amounts advanced

-

10,000

Amounts repaid

(10,000

)

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

-

10,000

12.	RELATED PARTY DISCLOSURES

During the year the company paid dividends of £191,325 to its ultimate parent company, SDJ Sports

2012 Limited. This amount included an exceptional dividend as a non routine transaction which was

required in order to facilitate the exit of a shareholder of SDJ Sports 2012 Limited, by means of a

Company Purchase of Own Shares in SDJ Sports 2012 Limited.