Company Registration No. 07474032 (England and Wales)
Sporting Feet Limited
Unaudited accounts
for the year ended 31 December 2021
Sporting Feet Limited
Unaudited accounts
Contents
Sporting Feet Limited
Company Information
for the year ended 31 December 2021
Directors
Geoffrey Alan Ross
Dominic Charles Stead
Company Number
07474032 (England and Wales)
Accountants
Business Clan Ltd
16 West Barnes Lane
West Wimbledon
London
SW20 0BU
Sporting Feet Limited
Statement of financial position
as at
31 December 2021
Inventories
189,329
176,850
Cash at bank and in hand
22,835
59,873
Creditors: amounts falling due within one year
(80,537)
(141,436)
Net current assets
160,036
115,515
Net assets
160,608
115,515
Called up share capital
2
2
Profit and loss account
160,606
115,513
Shareholders' funds
160,608
115,515
For the year ending 31 December 2021 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts 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 FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 5 April 2022 and were signed on its behalf by
Geoffrey Alan Ross
Director
Company Registration No. 07474032
Sporting Feet Limited
Notes to the Accounts
for the year ended 31 December 2021
Sporting Feet Limited is a private company, limited by shares, registered in England and Wales, registration number 07474032.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
20.00%
Computer equipment
33.33%
4
Tangible fixed assets
Plant & machinery
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At 1 January 2021
6,726
-
-
6,726
At 31 December 2021
6,726
437
146
7,309
At 1 January 2021
6,726
-
-
6,726
Charge for the year
-
7
4
11
At 31 December 2021
6,726
7
4
6,737
At 31 December 2021
-
430
142
572
5
Debtors: amounts falling due within one year
2021
2020
Accrued income and prepayments
20,000
20,000
Sporting Feet Limited
Notes to the Accounts
for the year ended 31 December 2021
6
Creditors: amounts falling due within one year
2021
2020
Trade creditors
31,367
61,942
Taxes and social security
21,039
17,094
Proposed dividends
12,000
-
Other creditors
463
(1,300)
Loans from directors
-
44,122
7
Transactions with related parties
Martin Ross, brother of Director Geoffrey Ross, supplied marketing services to the company during the year to the value of £2,669.
8
Average number of employees
During the year the average number of employees was 11 (2020: 10).