Company registration number 12075154 (England and Wales)
SPOR GROUP LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2022
PAGES FOR FILING WITH REGISTRAR
SPOR GROUP LIMITED
CONTENTS
Page
Balance sheet
1 - 2
Notes to the financial statements
3 - 6
SPOR GROUP LIMITED
BALANCE SHEET
AS AT
31 DECEMBER 2022
31 December 2022
- 1 -
2022
2021
Notes
£
£
£
£
Fixed assets
Tangible assets
3
18,215
9,473
Current assets
Stocks
23,762
21,959
Debtors
4
112,646
303,910
Cash at bank and in hand
1,025,552
843,050
1,161,960
1,168,919
Creditors: amounts falling due within one year
5
(742,642)
(792,915)
Net current assets
419,318
376,004
Total assets less current liabilities
437,533
385,477
Creditors: amounts falling due after more than one year
6
(27,657)
(37,500)
Provisions for liabilities
(3,461)
(1,800)
Net assets
406,415
346,177
Capital and reserves
Called up share capital
1
1
Share premium account
144,000
144,000
Profit and loss reserves
262,414
202,176
Total equity
406,415
346,177

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

For the financial year ended 31 December 2022 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

T he members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

SPOR GROUP LIMITED
BALANCE SHEET (CONTINUED)
AS AT
31 DECEMBER 2022
31 December 2022
- 2 -
The financial statements were approved by the board of directors and authorised for issue on 15 August 2023 and are signed on its behalf by:
Mr C J Gore
Director
Company registration number 12075154 (England and Wales)
SPOR GROUP LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2022
- 3 -
1
Accounting policies
Company information

SPOR Group Limited is a private company limited by shares incorporated in England and Wales. The registered office is G - 1.03, 60 Gray's Inn Road, London, England, WC1X 8AQ.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary a mounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2
Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

When cash inflows are deferred and represent a financing arrangement, the fair value of the consideration is the present value of the future receipts. The difference between the fair value of the consideration and the nominal amount received is recognised as interest income.

1.3
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Computers
20% Straight Line

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

1.4
Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost comprises direct materials and those overheads that have been incurred in bringing the stocks to their present location and condition.

At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of stocks over its estimated selling price less costs to complete and sell is recognised as an impairment loss in profit or loss. Reversals of impairment losses are also recognised in profit or loss.

1.5
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

SPOR GROUP LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2022
1
Accounting policies
(Continued)
- 4 -
Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

The carrying amount of deferred tax assets is reviewed at each reporting end date and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. Deferred tax is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised. Deferred tax is charged or credited in the profit and loss account, except when it relates to items charged or credited directly to equity, in which case the deferred tax is also dealt with in equity. Deferred tax assets and liabilities are offset when the company has a legally enforceable right to offset current tax assets and liabilities and the deferred tax assets and liabilities relate to taxes levied by the same tax authority.

1.6
Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

1.7
Foreign exchange

Transactions in currencies other than pounds sterling are recorded at the rates of exchange prevailing at the dates of the transactions. At each reporting end date, monetary assets and liabilities that are denominated in foreign currencies are retranslated at the rates prevailing on the reporting end date. Gains and losses arising on translation in the period are included in profit or loss.

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2022
2021
Number
Number
Total
11
5
SPOR GROUP LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2022
- 5 -
3
Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 January 2022
14,216
Additions
12,750
At 31 December 2022
26,966
Depreciation and impairment
At 1 January 2022
4,743
Depreciation charged in the year
4,008
At 31 December 2022
8,751
Carrying amount
At 31 December 2022
18,215
At 31 December 2021
9,473
4
Debtors
2022
2021
Amounts falling due within one year:
£
£
Trade debtors
95,519
291,948
Other debtors
17,127
11,962
112,646
303,910
5
Creditors: amounts falling due within one year
2022
2021
£
£
Bank loans
10,000
10,000
Trade creditors
254,083
316,501
Corporation tax
25,997
49,380
Other taxation and social security
(442)
32,734
Other creditors
453,004
384,300
742,642
792,915
SPOR GROUP LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2022
- 6 -
6
Creditors: amounts falling due after more than one year
2022
2021
£
£
Bank loans and overdrafts
27,657
37,500
2022-12-31 2022-01-01 false 15 August 2023 CCH Software CCH Accounts Production 2023.200 No description of principal activity Mr C J Gore Mr C Spence Mr M Bailey 12075154 2022-01-01 2022-12-31 12075154 2022-12-31 12075154 2021-12-31 12075154 core:OtherPropertyPlantEquipment 2022-12-31 12075154 core:OtherPropertyPlantEquipment 2021-12-31 12075154 core:CurrentFinancialInstruments core:WithinOneYear 2022-12-31 12075154 core:CurrentFinancialInstruments core:WithinOneYear 2021-12-31 12075154 core:Non-currentFinancialInstruments core:AfterOneYear 2022-12-31 12075154 core:Non-currentFinancialInstruments core:AfterOneYear 2021-12-31 12075154 core:CurrentFinancialInstruments 2022-12-31 12075154 core:CurrentFinancialInstruments 2021-12-31 12075154 core:ShareCapital 2022-12-31 12075154 core:ShareCapital 2021-12-31 12075154 core:SharePremium 2022-12-31 12075154 core:SharePremium 2021-12-31 12075154 core:RetainedEarningsAccumulatedLosses 2022-12-31 12075154 core:RetainedEarningsAccumulatedLosses 2021-12-31 12075154 bus:Director1 2022-01-01 2022-12-31 12075154 core:ComputerEquipment 2022-01-01 2022-12-31 12075154 2020-07-01 2021-12-31 12075154 core:OtherPropertyPlantEquipment 2021-12-31 12075154 core:OtherPropertyPlantEquipment 2022-01-01 2022-12-31 12075154 core:WithinOneYear 2022-12-31 12075154 core:WithinOneYear 2021-12-31 12075154 core:Non-currentFinancialInstruments 2022-12-31 12075154 core:Non-currentFinancialInstruments 2021-12-31 12075154 bus:PrivateLimitedCompanyLtd 2022-01-01 2022-12-31 12075154 bus:SmallCompaniesRegimeForAccounts 2022-01-01 2022-12-31 12075154 bus:FRS102 2022-01-01 2022-12-31 12075154 bus:AuditExemptWithAccountantsReport 2022-01-01 2022-12-31 12075154 bus:Director2 2022-01-01 2022-12-31 12075154 bus:Director3 2022-01-01 2022-12-31 12075154 bus:FullAccounts 2022-01-01 2022-12-31 xbrli:pure xbrli:shares iso4217:GBP