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Registration number: 09548932

Country Sports Wholesale Ltd
Unaudited Filleted Financial Statements
for the Year Ended 31 March 2026

Country Sports Wholesale Ltd

Contents

Company Information | 1
Accountants' Report | 2
Balance Sheet | 3
Statement of Changes in Equity | 4
Notes to the Unaudited Financial Statements | 5 to 13

Country Sports Wholesale Ltd

Company Information

Directors | Mr Christopher James Stutley Mr Jonathan Workman Mrs Carol Ann Workman Mr David Harry Stutley

Registered office | Manor Farm Chapel Street Hinxworth Hertfordshire SG7 5HN

Accountants | Robert A Harris & Co Chartered Management AccountantBusiness & Technology Centre Bessemer Drive Stevenage Herts SG1 2DX

Chartered Management Accountants' Report to the Board of Directors on the Preparation of the Unaudited Statutory Accounts of
Country Sports Wholesale Ltd
for the Year Ended 31 March 2026

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Country Sports Wholesale Ltd for the year ended 31 March 2026 as set out on pages 3 to 13 from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Chartered Institute of Management Accountants (CIMA), we are subject to its ethical and other professional requirements. Details of these can be found at www.aicpa-cima.com

This report is made solely to the Board of Directors of Country Sports Wholesale Ltd, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of Country Sports Wholesale Ltd and state those matters that we have agreed to state to the Board of Directors of Country Sports Wholesale Ltd, as a body, in this report. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Country Sports Wholesale Ltd and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that Country Sports Wholesale Ltd has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Country Sports Wholesale Ltd. You consider that Country Sports Wholesale Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the accounts of Country Sports Wholesale Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.

......................................
Robert A Harris & Co
Chartered Management Accountant
Business & Technology Centre
Bessemer Drive
Stevenage
Herts
SG1 2DX

7 July 2026

Country Sports Wholesale Ltd

(Registration number: 09548932)
Balance Sheet as at 31 March 2026

| Note | 2026 £ | 2025 £
Fixed assets |  |  |
Tangible assets | 5 | 42,468 | 41,746
Current assets |  |  |
Stocks | 6 | 393,312 | 369,430
Debtors | 7 | 140,089 | 195,050
Cash at bank and in hand |  | 281,793 | 145,447
|  | 815,194 | 709,927
Creditors: Amounts falling due within one year | 8 | (510,972) | (523,686)
Net current assets |  | 304,222 | 186,241
Total assets less current liabilities |  | 346,690 | 227,987
Creditors: Amounts falling due after more than one year | 8 | (84,899) | -
Provisions for liabilities |  | (10,618) | (10,436)
Net assets |  | 251,173 | 217,551
Capital and reserves |  |  |
Called up share capital | 9 | 100 | 100
Retained earnings |  | 251,073 | 217,451
Shareholders' funds |  | 251,173 | 217,551

For the financial year ending 31 March 2026 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

• | The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
• | The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 7 July 2026 and signed on its behalf by:

......................................... Mr David Harry Stutley Director

Country Sports Wholesale Ltd

Statement of Changes in Equity for the Year Ended 31 March 2026

| Share capital £ | Retained earnings £ | Total £
At 1 April 2025 | 100 | 216,228 | 216,328
Profit for the year | - | 223,039 | 223,039
Other comprehensive income | - | (3,645) | (3,645)
Total comprehensive income | - | 219,394 | 219,394
Dividends | - | (184,549) | (184,549)
At 31 March 2026 | 100 | 251,073 | 251,173

| Share capital £ | Retained earnings £ | Total £
At 1 April 2024 | 100 | 200,772 | 200,872
Profit for the year | - | 189,879 | 189,879
Other comprehensive income | - | 1,224 | 1,224
Total comprehensive income | - | 191,103 | 191,103
Dividends | - | (174,424) | (174,424)
At 31 March 2025 | 100 | 217,451 | 217,551

Country Sports Wholesale Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2026

1 | General information

The company is a private company limited by share capital, incorporated in England.

The address of its registered office is:
Manor Farm
Chapel Street
Hinxworth
Hertfordshire
SG7 5HN

These financial statements were authorised for issue by the Board on 7 July 2026.

2 | Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.
The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Foreign currency transactions and balances

Transactions in foreign currencies are initially recorded at the functional currency rate prevailing at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are retranslated into the respective functional currency of the entity at the rates prevailing on the reporting period date. Non-monetary items carried at fair value that are denominated in foreign currencies are retranslated at the rate on the date when the fair value is re-measured.
Non-monetary items measured in terms of historical cost in a foreign currency are not retranslated.

Country Sports Wholesale Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2026

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.
Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.
Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class | Depreciation method and rate
Fixtures & Fittings | 25% and 33% on a reducing balance basis.
Motor vehicles | 25% on a reducing balance basis
Other tangible assets | 25% on a reducing balance basis

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.
Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Country Sports Wholesale Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2026

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.
The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.
Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.
Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.
Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Leases

Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

Country Sports Wholesale Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2026

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.
Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3 | Staff numbers

The average number of persons employed by the company (including directors) during the year, was 6 (2025 - 6).

4 | Profit before tax

Arrived at after charging/(crediting)

| 2026 £ | 2025 £
Depreciation expense | 14,971 | 15,117

Country Sports Wholesale Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2026

5 | Tangible assets

| Furniture, fittings and equipment £ | Motor vehicles £ | Other tangible assets £ | Total £
Cost or valuation
At 1 April 2025 | 36,114 | 52,322 | 74,302 | 162,738
Additions | 1,385 | - | 14,309 | 15,694
At 31 March 2026 | 37,499 | 52,322 | 88,611 | 178,432
Depreciation
At 1 April 2025 | 27,267 | 39,906 | 53,819 | 120,992
Charge for the year | 3,182 | 3,104 | 8,686 | 14,972
At 31 March 2026 | 30,449 | 43,010 | 62,505 | 135,964
Carrying amount
At 31 March 2026 | 7,050 | 9,312 | 26,106 | 42,468
At 31 March 2025 | 8,847 | 12,416 | 20,483 | 41,746

6 | Stocks

| 2026 £ | 2025 £
Finished goods and goods for resale | 393,312 | 369,430

7 | Debtors

Current | 2026 £ | 2025 £
Trade debtors | 134,795 | 187,357
Prepayments | 2,040 | 2,040
Other debtors | 3,254 | 5,653
| 140,089 | 195,050

Country Sports Wholesale Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2026

8 | Creditors

Creditors: amounts falling due within one year

| Note | 2026 £ | 2025 £
Due within one year |  |  |
Loans and borrowings | 11 | 22,000 | 40,351
Trade creditors |  | 108,445 | 129,298
Taxation and social security |  | 147,594 | 142,425
Accruals and deferred income |  | 6,383 | 5,011
Other creditors |  | 226,550 | 206,601
|  | 510,972 | 523,686

Creditors: amounts falling due after more than one year

| Note | 2026 £ | 2025 £
Due after one year |  |  |
Loans and borrowings | 11 | 84,899 | -

9 | Share capital

Allotted, called up and fully paid shares

| 2026 | 2025
| No. | £ | No. | £
Ordinary A shares of £1 of £1 each | 25 | 25 | 25 | 25
Ordinary B shares of £1 of £1 each | 25 | 25 | 25 | 25
Ordinary C shares of £1 of £1 each | 25 | 25 | 25 | 25
Ordinary D shares of £1 of £1 each | 25 | 25 | 25 | 25
| 100 | 100 | 100 | 100

Country Sports Wholesale Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2026

10 | Reserves

The changes to each component of equity resulting from items of other comprehensive income for the current year were as follows:

| Retained earnings 2026 £ | Total £
Unrealised gain/loss due to reclassification adjustments adjusted in foreign exchange differences | (3,645) | (3,645)

The changes to each component of equity resulting from items of other comprehensive income for the prior year were as follows:

| Retained earnings 2025 £ | Total £
Unrealised gain/loss due to reclassification adjustments adjusted in foreign exchange differences | 1,224 | 1,224

11 | Loans and borrowings

Non-current loans and borrowings

| 2026 £ | 2025 £
Bank borrowings | 84,899 | -

Current loans and borrowings

| 2026 £ | 2025 £
Bank borrowings | 22,000 | 40,351

Bank borrowings

CIBLS Loan is denominated in GBP with a nominal interest rate of 5%, and the final instalment is due on 12 March 2026. The carrying amount at year end is £Nil (2025 - £40,351). The Coronavirus Business Interuption Loan Scheme (CBILS) gives the lender a government backed guarantee for the loan repayments.
Working Capital Loan is denominated in GBP with a nominal interest rate of 12.4%%, and the final instalment is due on 27 March 2030. The carrying amount at year end is £106,900 (2025 - £Nil). A new 4 year loan facility was established on 27th March 2026, The loan is repayable with interest at the rate of 12.4% pa on a monthly basis with the final payment due in March 2030.

Country Sports Wholesale Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2026

12 | Dividends

Interim dividends paid

|  | 2026 £ |  | 2025 £
Interim dividend of £2,298.40 (2025 - £2,146.40) per each Ordinary A shares of £1 |  | 57,460 |  | 53,660
Interim dividend of £2,307.56 (2025 - £2,134.16) per each Ordinary B shares of £1 |  | 57,689 |  | 53,354
Interim dividend of £640.00 (2025 - £800.00) per each Ordinary C shares of £1 |  | 16,000 |  | 20,000
Interim dividend of £2,136.00 (2025 - £1,896.40) per each Ordinary D shares of £1 |  | 53,400 |  | 47,410
|  | 184,549 |  | 174,424

Country Sports Wholesale Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2026

13 | Related party transactions

At the year end, the company owed to C Stutley the sum of £70,350 (2025 £68,350), to D Stutley Nil (2025 £Nil), to C Workman £85,250 (2025 £74,250) to J Workrman £39,700 (2025 £48,750) and to K Stutley £31,250 (2025 £15,250).

Summary of transactions with other related parties

Transaction with a company in which a director of Country Sports Wholesale Limited has an interest. The Company rented premesis from A Stutley and Son Limited, a company in which D Stutley a director has an interest.
An amount of £8,160 was paid in rent to A Stutley and Son Limited during the year (2025 £ 8,160)

Expenditure with and payables to related parties

2026 | Other related parties £
Amounts payable to related party | 8,160

2025 | Other related parties £
Amounts payable to related party | 8,160