Acorah Software Products - Accounts Production 14.6.300 false true true 30 December 2022 31 December 2021 false 31 December 2022 30 December 2023 30 December 2023 09707941 Mr Guglielmo Acri Mr Massimo Miliano true iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 09707941 2022-12-30 09707941 2023-12-30 09707941 2022-12-31 2023-12-30 09707941 frs-core:CurrentFinancialInstruments 2023-12-30 09707941 frs-core:ComputerEquipment 2023-12-30 09707941 frs-core:ComputerEquipment 2022-12-31 2023-12-30 09707941 frs-core:ComputerEquipment 2022-12-30 09707941 frs-core:ShareCapital 2023-12-30 09707941 frs-core:RetainedEarningsAccumulatedLosses 2023-12-30 09707941 frs-bus:PrivateLimitedCompanyLtd 2022-12-31 2023-12-30 09707941 frs-bus:FilletedAccounts 2022-12-31 2023-12-30 09707941 frs-bus:SmallEntities 2022-12-31 2023-12-30 09707941 frs-bus:AuditExempt-NoAccountantsReport 2022-12-31 2023-12-30 09707941 frs-bus:SmallCompaniesRegimeForAccounts 2022-12-31 2023-12-30 09707941 1 2022-12-31 2023-12-30 09707941 frs-bus:Director1 2022-12-31 2023-12-30 09707941 frs-bus:Director1 2022-12-30 09707941 frs-bus:Director1 2023-12-30 09707941 frs-bus:Director2 2022-12-31 2023-12-30 09707941 frs-core:CurrentFinancialInstruments 1 2023-12-30 09707941 frs-core:CurrentFinancialInstruments 2 2023-12-30 09707941 frs-countries:EnglandWales 2022-12-31 2023-12-30 09707941 2021-12-30 09707941 2022-12-30 09707941 2021-12-31 2022-12-30 09707941 frs-core:CurrentFinancialInstruments 2022-12-30 09707941 frs-core:ShareCapital 2022-12-30 09707941 frs-core:RetainedEarningsAccumulatedLosses 2022-12-30 09707941 frs-core:CurrentFinancialInstruments 1 2022-12-30 09707941 frs-core:CurrentFinancialInstruments 2 2022-12-30
Registered number: 09707941
New Age Sport Management Ltd
Unaudited Financial Statements
For The Year Ended 30 December 2023
Tax and Advise Ltd
19 The Circle
Queen Elizabeth Street
London
SE1 2JE
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 09707941
2023 2022
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 288 603
288 603
CURRENT ASSETS
Debtors 5 7,304 7,878
Cash at bank and in hand 68 94
7,372 7,972
Creditors: Amounts Falling Due Within One Year 6 (21,453 ) (25,251 )
NET CURRENT ASSETS (LIABILITIES) (14,081 ) (17,279 )
TOTAL ASSETS LESS CURRENT LIABILITIES (13,793 ) (16,676 )
NET LIABILITIES (13,793 ) (16,676 )
CAPITAL AND RESERVES
Called up share capital 7 1,000 1,000
Profit and Loss Account (14,793 ) (17,676 )
SHAREHOLDERS' FUNDS (13,793) (16,676)
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For the year ending 30 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 Profit and Loss Account.
On behalf of the board
Mr Massimo Miliano
Director
17/09/2024
The notes on pages 3 to 4 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
New Age Sport Management Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 09707941 . The registered office is 19 The Circle, Queen Elizabeth Street, London, SE1 2JE.
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. Going Concern Disclosure
The directors have not identified any material uncertainties related to events or conditions that may cast significant doubt about the company's ability to continue as a going concern.
2.3. 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.
2.4. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Office Equipment 25% SLM
2.5. Foreign Currencies
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
3. Average Number of Employees
Average number of employees, including directors, during the year was: NIL (2022: NIL)
- -
4. Tangible Assets
Office Equipment
£
Cost
As at 31 December 2022 1,258
As at 30 December 2023 1,258
Depreciation
As at 31 December 2022 655
Provided during the period 315
As at 30 December 2023 970
...CONTINUED
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Net Book Value
As at 30 December 2023 288
As at 31 December 2022 603
5. Debtors
2023 2022
£ £
Due within one year
Trade debtors 2,207 7,878
Loan to Doppio Malto 96 Srl 1,551 -
Other debtors (2) 3,546 -
7,304 7,878
6. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Trade creditors 1,200 -
New Age Sport Management UK Ltd 20,253 14,517
Directors' loan accounts - 10,734
21,453 25,251
7. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 1,000 1,000
8. Directors Advances, Credits and Guarantees
Included within Creditors are the following loans to directors:
As at 31 December 2022 Amounts advanced Amounts repaid Amounts written off As at 30 December 2023
£ £ £ £ £
Mr Massimo Miliano 10,734 - 8,905 - 1,829
The above loan is unsecured, interest free and repayable on demand.
9. Related Party Transactions
During Year , Company has taken from New Age Sport Management UK Ltd of £9,086.44 and repaid the loan of £3,350. At the end of the year Balance is of  £20,253 (2022:£14,157).
10. Ultimate Controlling Party
The company's ultimate controlling party is Mr Guglielmo Acri by virtue of his ownership of more than 75% of the issued share capital in the company.
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