Acorah Software Products - Accounts Production 16.1.200 false true 31 August 2023 1 September 2022 false 1 September 2023 31 August 2024 31 August 2024 05830636 Mr Jonathan Mills Mr Christopher Pipe Mr Jonathan Mills iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 05830636 2023-08-31 05830636 2024-08-31 05830636 2023-09-01 2024-08-31 05830636 frs-core:CurrentFinancialInstruments 2024-08-31 05830636 frs-core:Non-currentFinancialInstruments 2024-08-31 05830636 frs-core:ComputerEquipment 2024-08-31 05830636 frs-core:ComputerEquipment 2023-09-01 2024-08-31 05830636 frs-core:ComputerEquipment 2023-08-31 05830636 frs-core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2023-09-01 2024-08-31 05830636 frs-core:FurnitureFittings 2024-08-31 05830636 frs-core:FurnitureFittings 2023-09-01 2024-08-31 05830636 frs-core:FurnitureFittings 2023-08-31 05830636 frs-core:OtherResidualIntangibleAssets 2024-08-31 05830636 frs-core:OtherResidualIntangibleAssets 2023-09-01 2024-08-31 05830636 frs-core:OtherResidualIntangibleAssets 2023-08-31 05830636 frs-core:PlantMachinery 2024-08-31 05830636 frs-core:PlantMachinery 2023-09-01 2024-08-31 05830636 frs-core:PlantMachinery 2023-08-31 05830636 frs-core:ShareCapital 2024-08-31 05830636 frs-core:RetainedEarningsAccumulatedLosses 2024-08-31 05830636 frs-bus:PrivateLimitedCompanyLtd 2023-09-01 2024-08-31 05830636 frs-bus:FilletedAccounts 2023-09-01 2024-08-31 05830636 frs-bus:SmallEntities 2023-09-01 2024-08-31 05830636 frs-bus:AuditExempt-NoAccountantsReport 2023-09-01 2024-08-31 05830636 frs-bus:SmallCompaniesRegimeForAccounts 2023-09-01 2024-08-31 05830636 frs-core:CostValuation 2023-08-31 05830636 frs-core:DisposalsRepaymentsInvestments 2024-08-31 05830636 frs-core:CostValuation 2024-08-31 05830636 frs-core:ProvisionsForImpairmentInvestments 2023-08-31 05830636 frs-core:ProvisionsForImpairmentInvestments 2024-08-31 05830636 frs-core:UnlistedNon-exchangeTraded 2024-08-31 05830636 frs-core:UnlistedNon-exchangeTraded 2023-08-31 05830636 frs-core:CostValuation frs-core:UnlistedNon-exchangeTraded 2023-08-31 05830636 frs-core:DisposalsRepaymentsInvestments frs-core:UnlistedNon-exchangeTraded 2024-08-31 05830636 frs-core:CostValuation frs-core:UnlistedNon-exchangeTraded 2024-08-31 05830636 frs-core:ProvisionsForImpairmentInvestments frs-core:UnlistedNon-exchangeTraded 2023-08-31 05830636 frs-core:ProvisionsForImpairmentInvestments frs-core:UnlistedNon-exchangeTraded 2024-08-31 05830636 frs-bus:Director1 2023-09-01 2024-08-31 05830636 frs-bus:Director2 2023-09-01 2024-08-31 05830636 frs-bus:CompanySecretary1 2023-09-01 2024-08-31 05830636 frs-countries:EnglandWales 2023-09-01 2024-08-31 05830636 2022-08-31 05830636 2023-08-31 05830636 2022-09-01 2023-08-31 05830636 frs-core:CurrentFinancialInstruments 2023-08-31 05830636 frs-core:Non-currentFinancialInstruments 2023-08-31 05830636 frs-core:ShareCapital 2023-08-31 05830636 frs-core:RetainedEarningsAccumulatedLosses 2023-08-31
Registered number: 05830636
GSJM Sports Limited
Unaudited Financial Statements
For The Year Ended 31 August 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 05830636
2024 2023
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 742 1,002
Tangible Assets 5 1,034 952
Investments 6 13,315 35,216
15,091 37,170
CURRENT ASSETS
Stocks 7 550 550
Debtors 8 215,583 141,079
Cash at bank and in hand 33,138 34,755
249,271 176,384
Creditors: Amounts Falling Due Within One Year 9 (154,733 ) (103,126 )
NET CURRENT ASSETS (LIABILITIES) 94,538 73,258
TOTAL ASSETS LESS CURRENT LIABILITIES 109,629 110,428
Creditors: Amounts Falling Due After More Than One Year 10 (18,048 ) (34,708 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (274 ) (252 )
NET ASSETS 91,307 75,468
CAPITAL AND RESERVES
Called up share capital 11 100 100
Profit and Loss Account 91,207 75,368
SHAREHOLDERS' FUNDS 91,307 75,468
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For the year ending 31 August 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 Jonathan Mills
Director
Mr Christopher Pipe
Director
18/12/2024
The notes on pages 3 to 6 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
GSJM Sports Limited is a private company, limited by shares, incorporated in England & Wales, registered number 05830636 . The registered office is 184 Henleaze Road, Henleaze, Bristol, BS9 4NE.
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 provision of school funded sport education, after school holiday clubs and camps. 
2.3. Intangible Fixed Assets and Amortisation - Other Intangible
Other intangible assets are amortised to profit and loss account over their estimated economic life of 10 years.
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:
Plant & Machinery 25% Straight Line
Fixtures & Fittings 25% Straight Line
Computer Equipment 25% Straight Line
2.5. 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.
2.6. Financial Instruments
The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in non-puttable ordinary shares.

Debt instruments (other than those wholly repayable or receivable within one year), including loans and other accounts receivable and payable, are initially measured at present value of the future cash flows and subsequently at amortised cost using the effective interest method. Debt instruments that are payable or receivable within one year, typically trade debtors and creditors, are measured, initially and subsequently, at the undiscounted amount of the cash or other consideration expected to be paid or received. However, if the arrangements of a short-term instrument constitute a financing transaction, like the payment of a trade debt deferred beyond normal business terms or financed at a rate of interest that is not a market rate or in the case of an out-right short-term loan not at market rate, the financial asset or liability is measured, initially, at the present value of the future cash flow discounted at a market rate of interest for a similar debt instrument and subsequently at amortised cost.
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2.7. 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.
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 asset reflects 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.
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.
2.8. Debtors
Short term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.
2.9. Creditors
Short term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.
3. Average Number of Employees
The average number of employees, including directors, during the year was 54 (2023: 45)
54 45
4. Intangible Assets
Other
£
Cost
As at 1 September 2023 5,607
As at 31 August 2024 5,607
Amortisation
As at 1 September 2023 4,605
Provided during the period 260
As at 31 August 2024 4,865
Net Book Value
As at 31 August 2024 742
As at 1 September 2023 1,002
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5. Tangible Assets
Plant & Machinery Fixtures & Fittings Computer Equipment Total
£ £ £ £
Cost
As at 1 September 2023 374 1,219 4,467 6,060
Additions - 309 840 1,149
As at 31 August 2024 374 1,528 5,307 7,209
Depreciation
As at 1 September 2023 189 1,096 3,823 5,108
Provided during the period 93 120 854 1,067
As at 31 August 2024 282 1,216 4,677 6,175
Net Book Value
As at 31 August 2024 92 312 630 1,034
As at 1 September 2023 185 123 644 952
6. Investments
Unlisted Other Total
£ £ £
Cost
As at 1 September 2023 13,315 21,901 35,216
Disposals - (21,901 ) (21,901 )
As at 31 August 2024 13,315 - 13,315
Provision
As at 1 September 2023 - - -
As at 31 August 2024 - - -
Net Book Value
As at 31 August 2024 13,315 - 13,315
As at 1 September 2023 13,315 21,901 35,216
7. Stocks
2024 2023
£ £
Equipment stock 550 550
8. Debtors
2024 2023
£ £
Due within one year
Trade debtors 67,227 8,510
Prepayments and accrued income 75,566 71,069
Other debtors 72,790 51,500
Directors' loan accounts - 10,000
215,583 141,079
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9. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 22,295 6,462
Bank loans and overdrafts 16,660 16,660
Corporation tax 20,021 7,162
Other taxes and social security 8,865 4,305
VAT 10,939 3,934
Net wages 52,308 28,671
Pension creditor 1,840 1,152
Accruals and deferred income 14,859 27,834
Amounts owed to subsidiaries 6,946 6,946
154,733 103,126
10. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 18,048 34,708
11. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
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