Acorah Software Products - Accounts Production 16.1.300 false true 31 January 2023 1 February 2022 false 1 February 2023 31 January 2024 31 January 2024 11808346 Damien Bates Robert Godfrey Daniel Ford Christopher Louis iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 11808346 2023-01-31 11808346 2024-01-31 11808346 2023-02-01 2024-01-31 11808346 frs-core:CurrentFinancialInstruments 2024-01-31 11808346 frs-core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2023-02-01 2024-01-31 11808346 frs-core:FurnitureFittings 2024-01-31 11808346 frs-core:FurnitureFittings 2023-02-01 2024-01-31 11808346 frs-core:FurnitureFittings 2023-01-31 11808346 frs-core:OtherResidualIntangibleAssets 2024-01-31 11808346 frs-core:OtherResidualIntangibleAssets 2023-01-31 11808346 frs-core:PlantMachinery 2023-02-01 2024-01-31 11808346 frs-core:OtherReservesSubtotal 2024-01-31 11808346 frs-core:RetainedEarningsAccumulatedLosses 2024-01-31 11808346 frs-bus:CompanyLimitedByGuarantee 2023-02-01 2024-01-31 11808346 frs-bus:FilletedAccounts 2023-02-01 2024-01-31 11808346 frs-bus:SmallEntities 2023-02-01 2024-01-31 11808346 frs-bus:AuditExempt-NoAccountantsReport 2023-02-01 2024-01-31 11808346 frs-bus:SmallCompaniesRegimeForAccounts 2023-02-01 2024-01-31 11808346 frs-bus:Director1 2023-02-01 2024-01-31 11808346 frs-bus:Director2 2023-02-01 2024-01-31 11808346 frs-bus:Director3 2023-02-01 2024-01-31 11808346 frs-bus:Director4 2023-02-01 2024-01-31 11808346 frs-countries:EnglandWales 2023-02-01 2024-01-31 11808346 2022-01-31 11808346 2023-01-31 11808346 2022-02-01 2023-01-31 11808346 frs-core:CurrentFinancialInstruments 2023-01-31 11808346 frs-core:OtherReservesSubtotal 2023-01-31 11808346 frs-core:RetainedEarningsAccumulatedLosses 2023-01-31
Registered number: 11808346
British Speedway Promoters Limited
Unaudited Financial Statements
For The Year Ended 31 January 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 11808346
2024 2023
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 36,500 36,500
Tangible Assets 5 1,870 2,004
38,370 38,504
CURRENT ASSETS
Stocks 6 142,954 81,465
Debtors 7 316,294 91,844
Cash at bank and in hand 435,128 525,707
894,376 699,016
Creditors: Amounts Falling Due Within One Year 8 (307,618 ) (16,951 )
NET CURRENT ASSETS (LIABILITIES) 586,758 682,065
TOTAL ASSETS LESS CURRENT LIABILITIES 625,128 720,569
NET ASSETS 625,128 720,569
RESERVES
Other reserves 933,392 952,643
Income and Expenditure Account (308,264 ) (232,074 )
MEMBERS' FUNDS 625,128 720,569
Page 1
Page 2
For the year ending 31 January 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 Income and Expenditure Account.
On behalf of the board
Robert Godfrey
Director
24/01/2025
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
British Speedway Promoters Limited is a private company, limited by guarantee, incorporated in England & Wales, registered number 11808346 . The registered office is ACU House, Wood Street, Rugby, CV21 2YX.
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 TV promotions, sponsorship and sales of goods. 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.
2.3. Intangible Fixed Assets and Amortisation - Other Intangible
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.
Amortisation will be charged over the riders estimated useful lives 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% reducing balance
Fixtures & Fittings 33.33% straight line and 25% reducing balnace
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. Members Cash Bonds
Bonds held by the Company in respect of members are included in Other Reserves on the Balance Sheet.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 3 (2023: 2)
3 2
4. Intangible Assets
Other
£
Cost
As at 1 February 2023 36,500
As at 31 January 2024 36,500
Net Book Value
As at 31 January 2024 36,500
As at 1 February 2023 36,500
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Page 4
5. Tangible Assets
Fixtures & Fittings
£
Cost
As at 1 February 2023 3,409
Additions 420
As at 31 January 2024 3,829
Depreciation
As at 1 February 2023 1,405
Provided during the period 554
As at 31 January 2024 1,959
Net Book Value
As at 31 January 2024 1,870
As at 1 February 2023 2,004
6. Stocks
2024 2023
£ £
Stock 142,954 81,465
7. Debtors
2024 2023
£ £
Due within one year
Trade debtors 311,808 63,862
Other debtors 4,486 27,982
316,294 91,844
8. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 2,799 -
Other creditors 303,381 15,736
Taxation and social security 1,438 1,215
307,618 16,951
9. 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