Acorah Software Products - Accounts Production 15.0.600 false true 31 March 2023 1 April 2022 false 1 April 2023 31 March 2024 31 March 2024 08042618 Mrs Karen Parkinson Mr Kevin Parkinson iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 08042618 2023-03-31 08042618 2024-03-31 08042618 2023-04-01 2024-03-31 08042618 frs-core:CurrentFinancialInstruments 2024-03-31 08042618 frs-core:ComputerEquipment 2024-03-31 08042618 frs-core:ComputerEquipment 2023-04-01 2024-03-31 08042618 frs-core:ComputerEquipment 2023-03-31 08042618 frs-core:FurnitureFittings 2024-03-31 08042618 frs-core:FurnitureFittings 2023-04-01 2024-03-31 08042618 frs-core:FurnitureFittings 2023-03-31 08042618 frs-core:ShareCapital 2024-03-31 08042618 frs-core:RetainedEarningsAccumulatedLosses 2024-03-31 08042618 frs-bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 08042618 frs-bus:FilletedAccounts 2023-04-01 2024-03-31 08042618 frs-bus:SmallEntities 2023-04-01 2024-03-31 08042618 frs-bus:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 08042618 frs-bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 08042618 frs-bus:Director1 2023-04-01 2024-03-31 08042618 frs-bus:Director2 2023-04-01 2024-03-31 08042618 frs-countries:EnglandWales 2023-04-01 2024-03-31 08042618 2022-03-31 08042618 2023-03-31 08042618 2022-04-01 2023-03-31 08042618 frs-core:CurrentFinancialInstruments 2023-03-31 08042618 frs-core:ShareCapital 2023-03-31 08042618 frs-core:RetainedEarningsAccumulatedLosses 2023-03-31
Registered number: 08042618
SPORTAGRAPHS LIMITED
Unaudited Financial Statements
For The Year Ended 31 March 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 08042618
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 1,097 1,671
1,097 1,671
CURRENT ASSETS
Stocks 5 12,460 18,120
Debtors 6 6 190
Cash at bank and in hand 49,122 55,301
61,588 73,611
Creditors: Amounts Falling Due Within One Year 7 (5,030 ) (987 )
NET CURRENT ASSETS (LIABILITIES) 56,558 72,624
TOTAL ASSETS LESS CURRENT LIABILITIES 57,655 74,295
NET ASSETS 57,655 74,295
CAPITAL AND RESERVES
Called up share capital 8 2 2
Profit and Loss Account 57,653 74,293
SHAREHOLDERS' FUNDS 57,655 74,295
Page 1
Page 2
For the year ending 31 March 2024 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 Kevin Parkinson
Director
3rd October 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
SPORTAGRAPHS LIMITED is a private company, limited by shares, incorporated in England & Wales, registered number 08042618 . The registered office is 49 Brambling Way, Lowton, Warrington, Cheshire, WA3 2GS.
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.
2.3. 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:
Fixtures & Fittings 25% Reducing balance
Computer Equipment 33% Straight Line
2.4. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
2.5. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other year and 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 end of the reporting period.
Current tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 3 (2023: 3)
3 3
4. Tangible Assets
Fixtures & Fittings Computer Equipment Total
£ £ £
Cost
As at 1 April 2023 618 10,730 11,348
Additions - 692 692
As at 31 March 2024 618 11,422 12,040
Depreciation
As at 1 April 2023 302 9,375 9,677
Provided during the period 79 1,187 1,266
As at 31 March 2024 381 10,562 10,943
...CONTINUED
Page 3
Page 4
Net Book Value
As at 31 March 2024 237 860 1,097
As at 1 April 2023 316 1,355 1,671
5. Stocks
2024 2023
£ £
Finished goods 12,460 18,120
6. Debtors
2024 2023
£ £
Due within one year
Directors' loan accounts 6 190
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Corporation tax 1,157 223
VAT 1,078 764
Net wages 2,795 -
5,030 987
8. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 2 2
Page 4