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REGISTERED NUMBER: 07019129 (England and Wales)











UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2018

FOR

222 SPORTS LIMITED
222 SPORTS LIMITED (REGISTERED NUMBER: 07019129)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2018




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


222 SPORTS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 SEPTEMBER 2018







DIRECTORS: K J Sloyan
P J Maxwell
D W Baddeley
ABA Corporate Directors Limited





REGISTERED OFFICE: Studio Number 26
Glove Factory Studios
1 Brook Lane
Holt
Bath
BA14 6RL





REGISTERED NUMBER: 07019129 (England and Wales)





ACCOUNTANTS: Berkeley Hall Marshall Limited
6 Charlotte Street
Bath
BA1 2NE
Page 1
222 SPORTS LIMITED (REGISTERED NUMBER: 07019129)

BALANCE SHEET
30 SEPTEMBER 2018

2018 2017
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 3,532 3,838
Tangible assets 5 3,645 10,580
7,177 14,418

CURRENT ASSETS
Stocks 41,280 30,310
Debtors 6 46,719 60,612
Cash at bank 270,773 217,899
358,772 308,821
CREDITORS
Amounts falling due within one year 7 24,385 27,457
NET CURRENT ASSETS 334,387 281,364
TOTAL ASSETS LESS CURRENT
LIABILITIES
341,564
295,782

CAPITAL AND RESERVES
Called up share capital 1,120 1,120
Share premium 89,384 89,384
Retained earnings 251,060 205,278
SHAREHOLDERS' FUNDS 341,564 295,782

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2018 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 notes form part of these financial statements

Page 2 continued...
222 SPORTS LIMITED (REGISTERED NUMBER: 07019129)

BALANCE SHEET - continued
30 SEPTEMBER 2018


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 by the Board of Directors on 18 January 2019 and were signed on its
behalf by:





K J Sloyan - Director


The notes form part of these financial statements

Page 3
222 SPORTS LIMITED (REGISTERED NUMBER: 07019129)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2018

1. STATUTORY INFORMATION

222 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.

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.

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

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at
cost less any accumulated amortisation and any accumulated impairment losses.

Patents and licences are being amortised evenly over their estimated useful life of nil years.

Patents
The costs of patents are to be amortised over their estimated useful economic life of 20 years, on a straight
line basis. This estimate will be revised annually by the directors.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 25% on reducing balance

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

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.

Page 4 continued...
222 SPORTS LIMITED (REGISTERED NUMBER: 07019129)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2018

2. ACCOUNTING POLICIES - continued

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.

Grant income
Grant income received from UK Trade and Investment has been recognised in the year of receipt so as to
match it against the expenditure to which it contributes.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2017 - 5 ) .

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1 October 2017
and 30 September 2018 5,986
AMORTISATION
At 1 October 2017 2,148
Charge for year 306
At 30 September 2018 2,454
NET BOOK VALUE
At 30 September 2018 3,532
At 30 September 2017 3,838

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 October 2017
and 30 September 2018 20,690
DEPRECIATION
At 1 October 2017 10,110
Charge for year 6,935
At 30 September 2018 17,045
NET BOOK VALUE
At 30 September 2018 3,645
At 30 September 2017 10,580

Page 5 continued...
222 SPORTS LIMITED (REGISTERED NUMBER: 07019129)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2018

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2018 2017
£    £   
Trade debtors 39,033 60,612
Other debtors 7,686 -
46,719 60,612

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2018 2017
£    £   
Trade creditors 3,559 2,665
Taxation and social security 14,875 20,217
Other creditors 5,951 4,575
24,385 27,457

8. ULTIMATE CONTROLLING PARTY

The company is controlled by three directors , Mr K Sloyan, Mr Baddeley and Mr P Maxwell. These three
are the company's major shareholders, with 300 ordinary £1 shares each, of a total 1120 ordinary £1
shares issued.

Page 6