Acorah Software Products - Accounts Production 16.1.200 false true 31 May 2023 1 June 2022 false 1 June 2023 31 March 2024 31 March 2024 13408114 Mr N Raper Miss C Thibault iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 13408114 2023-05-31 13408114 2024-03-31 13408114 2023-06-01 2024-03-31 13408114 frs-core:CurrentFinancialInstruments 2024-03-31 13408114 frs-core:Non-currentFinancialInstruments 2024-03-31 13408114 frs-core:BetweenOneFiveYears 2024-03-31 13408114 frs-core:ComputerEquipment 2024-03-31 13408114 frs-core:ComputerEquipment 2023-06-01 2024-03-31 13408114 frs-core:ComputerEquipment 2023-05-31 13408114 frs-core:MotorVehicles 2024-03-31 13408114 frs-core:MotorVehicles 2023-06-01 2024-03-31 13408114 frs-core:MotorVehicles 2023-05-31 13408114 frs-core:PlantMachinery 2024-03-31 13408114 frs-core:PlantMachinery 2023-06-01 2024-03-31 13408114 frs-core:PlantMachinery 2023-05-31 13408114 frs-core:WithinOneYear 2024-03-31 13408114 frs-core:ShareCapital 2024-03-31 13408114 frs-core:RetainedEarningsAccumulatedLosses 2024-03-31 13408114 frs-bus:PrivateLimitedCompanyLtd 2023-06-01 2024-03-31 13408114 frs-bus:FilletedAccounts 2023-06-01 2024-03-31 13408114 frs-bus:SmallEntities 2023-06-01 2024-03-31 13408114 frs-bus:AuditExempt-NoAccountantsReport 2023-06-01 2024-03-31 13408114 frs-bus:SmallCompaniesRegimeForAccounts 2023-06-01 2024-03-31 13408114 frs-bus:Director1 2023-06-01 2024-03-31 13408114 frs-bus:Director1 2023-05-31 13408114 frs-bus:Director1 2024-03-31 13408114 frs-bus:Director2 2023-06-01 2024-03-31 13408114 frs-bus:Director2 2023-05-31 13408114 frs-bus:Director2 2024-03-31 13408114 frs-countries:EnglandWales 2023-06-01 2024-03-31 13408114 2022-05-31 13408114 2023-05-31 13408114 2022-06-01 2023-05-31 13408114 frs-core:CurrentFinancialInstruments 2023-05-31 13408114 frs-core:Non-currentFinancialInstruments 2023-05-31 13408114 frs-core:BetweenOneFiveYears 2023-05-31 13408114 frs-core:WithinOneYear 2023-05-31 13408114 frs-core:ShareCapital 2023-05-31 13408114 frs-core:RetainedEarningsAccumulatedLosses 2023-05-31
Registered number: 13408114
Sporty Scholars Limited
Unaudited Financial Statements
For the Period 1 June 2023 to 31 March 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 13408114
31 March 2024 31 May 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 56,801 83,670
56,801 83,670
CURRENT ASSETS
Debtors 5 82,778 28,693
Cash at bank and in hand 14,007 22,274
96,785 50,967
Creditors: Amounts Falling Due Within One Year 6 (78,529 ) (57,652 )
NET CURRENT ASSETS (LIABILITIES) 18,256 (6,685 )
TOTAL ASSETS LESS CURRENT LIABILITIES 75,057 76,985
Creditors: Amounts Falling Due After More Than One Year 7 (56,953 ) (65,003 )
NET ASSETS 18,104 11,982
CAPITAL AND RESERVES
Called up share capital 9 100 100
Profit and Loss Account 18,004 11,882
SHAREHOLDERS' FUNDS 18,104 11,982
Page 1
Page 2
For the period 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 N Raper
Director
Miss C Thibault
Director
6 December 2024
The notes on pages 3 to 5 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
Sporty Scholars Limited is a private company, limited by shares, incorporated in England & Wales, registered number 13408114 . The registered office is 9 Diamond Ct (First Floor), Opal Drive, Milton Keynes, MK15 0DU.
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. 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:
Plant & Machinery 20% straight line
Motor Vehicles 25% straight line
Computer Equipment 25% straight line
2.4. Leasing and Hire Purchase Contracts
Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to profit and loss account as incurred.
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 years 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.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period 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 assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
...CONTINUED
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2.5. Taxation - continued
Current or deferred 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 period was: 41 (2023: 18)
41 18
4. Tangible Assets
Plant & Machinery Motor Vehicles Computer Equipment Total
£ £ £ £
Cost
As at 1 June 2023 8,063 101,944 2,978 112,985
Additions 817 - 428 1,245
As at 31 March 2024 8,880 101,944 3,406 114,230
Depreciation
As at 1 June 2023 1,980 26,552 783 29,315
Provided during the period 1,776 25,486 852 28,114
As at 31 March 2024 3,756 52,038 1,635 57,429
Net Book Value
As at 31 March 2024 5,124 49,906 1,771 56,801
As at 1 June 2023 6,083 75,392 2,195 83,670
5. Debtors
31 March 2024 31 May 2023
£ £
Due within one year
Trade debtors 13,102 6,536
Amounts owed by participating interests 51,848 20,243
Other debtors 17,828 1,914
82,778 28,693
6. Creditors: Amounts Falling Due Within One Year
31 March 2024 31 May 2023
£ £
Net obligations under finance lease and hire purchase contracts 10,385 10,384
Trade creditors 852 1,003
Amounts owed to participating interests 540 540
Other creditors 55,754 29,157
Taxation and social security 10,998 16,568
78,529 57,652
7. Creditors: Amounts Falling Due After More Than One Year
31 March 2024 31 May 2023
£ £
Net obligations under finance lease and hire purchase contracts 56,953 65,003
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8. Obligations Under Finance Leases and Hire Purchase
31 March 2024 31 May 2023
£ £
The future minimum finance lease payments are as follows:
Not later than one year 10,385 10,384
Later than one year and not later than five years 56,953 65,003
67,338 75,387
67,338 75,387
9. Share Capital
31 March 2024 31 May 2023
£ £
Allotted, Called up and fully paid 100 100
10. Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors:
As at 1 June 2023 Amounts advanced Amounts repaid Amounts written off As at 31 March 2024
£ £ £ £ £
Mr Nicholas Raper - 33,157 (27,514 ) - 8,561
Miss Chantel Thibault (93 ) 33,157 (27,514 ) - 8,561
The above loan is unsecured, interest free and repayable on demand.
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