Acorah Software Products - Accounts Production 14.6.300 false true false 15 December 2022 31 December 2023 31 December 2023 14542422 Ms Roman Horton Miss Sofia Thomas iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 14542422 2022-12-14 14542422 2023-12-31 14542422 2022-12-15 2023-12-31 14542422 frs-core:Non-currentFinancialInstruments 2023-12-31 14542422 frs-core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2022-12-15 2023-12-31 14542422 frs-core:OtherResidualIntangibleAssets 2023-12-31 14542422 frs-core:OtherResidualIntangibleAssets 2022-12-15 2023-12-31 14542422 frs-core:OtherResidualIntangibleAssets 2022-12-14 14542422 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31 14542422 frs-bus:CompanyLimitedByGuarantee 2022-12-15 2023-12-31 14542422 frs-bus:FilletedAccounts 2022-12-15 2023-12-31 14542422 frs-bus:SmallEntities 2022-12-15 2023-12-31 14542422 frs-bus:AuditExemptWithAccountantsReport 2022-12-15 2023-12-31 14542422 frs-bus:SmallCompaniesRegimeForAccounts 2022-12-15 2023-12-31 14542422 frs-bus:Director1 2022-12-15 2023-12-31 14542422 frs-bus:Director2 2022-12-15 2023-12-31 14542422 frs-countries:EnglandWales 2022-12-15 2023-12-31
Registered number: 14542422
International Sports Tax Association Limited
Unaudited Financial Statements
For the Period 15 December 2022 to 31 December 2023
CJC Accountancy Ltd
Contents
Page
Accountant's Report 1
Balance Sheet 2
Notes to the Financial Statements 3—4
Page 1
Accountant's Report
Report of the Accountant to the directors of International Sports Tax Association Limited
These financial statements have been prepared in accordance with our terms of engagement and in order to assist you to fulfil your duties under the Companies Acts that relate to preparing the financial statements of the company for the period ended 31 December 2023.
We have prepared these financial statements based on the accounting records, information and explanations provided by you. We do not express any opinion on the financial statements.
On the Balance Sheet you have acknowledged your duties under the prevailing Companies Acts to ensure that the company keeps adequate accounting records and prepares financial statements that give “a true and fair view”.
You have determined that the company is exempt from the statutory requirement for an audit for this accounting period. Therefore, the financial statements are unaudited.
The financial statements are provided exclusively to the director for the limited purpose mentioned above, and may not be used or relied upon for any other purpose or by any other person, and we shall not be liable for any other usage or reliance.
Signed
27/08/2024
CJC Accountancy Ltd
124 City Road
London
EC1V 2NX
Page 1
Page 2
Balance Sheet
Registered number: 14542422
31 December 2023
Notes £ £
FIXED ASSETS
Intangible Assets 4 11,016
11,016
CURRENT ASSETS
Cash at bank and in hand 2,771
2,771
Creditors: Amounts Falling Due Within One Year 5 (399 )
NET CURRENT ASSETS (LIABILITIES) 2,372
TOTAL ASSETS LESS CURRENT LIABILITIES 13,388
Creditors: Amounts Falling Due After More Than One Year 6 (13,470 )
NET LIABILITIES (82 )
Income and Expenditure Account (82 )
MEMBERS' FUNDS (82)
For the period ending 31 December 2023 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Income and Expenditure Account.
On behalf of the board
Ms Roman Horton
Director
Miss Sofia Thomas
Director
27/08/2024
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
International Sports Tax Association Limited is a private company, limited by guarantee, incorporated in England & Wales, registered number 14542422 . The registered office is 167 - 169 Great Portland Street, London, W1W 5PF.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Intangible Fixed Assets and Amortisation - Other Intangible
Other intangible assets are website development costs. It is amortised to income and expenditure account over its estimated economic life of 5 years.
3. Average Number of Employees
Average number of employees, including directors, during the period was: 2
2
4. Intangible Assets
Other
£
Cost
As at 15 December 2022 13,770
As at 31 December 2023 13,770
Amortisation
As at 15 December 2022 -
Provided during the period 2,754
As at 31 December 2023 2,754
Net Book Value
As at 31 December 2023 11,016
As at 15 December 2022 13,770
5. Creditors: Amounts Falling Due Within One Year
31 December 2023
£
Other creditors 399
Page 3
Page 4
6. Creditors: Amounts Falling Due After More Than One Year
31 December 2023
£
Other loans 13,470
7. Company limited by guarantee
The company is limited by guarantee and has no share capital.
Every member of the company undertakes to contribute to the assets of the company, in the event of a winding up, such an amount as may be required not exceeding £1.
Page 4