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REGISTERED NUMBER: 08483814 (England and Wales)









UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2024

FOR

SPORTRAX TECHNOLOGY LTD

SPORTRAX TECHNOLOGY LTD (REGISTERED NUMBER: 08483814)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


SPORTRAX TECHNOLOGY LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 30 APRIL 2024







DIRECTORS: P A Blair
S K Balasubramanian
G M Timms





REGISTERED OFFICE: Windover House
St. Ann Street
Salisbury
SP1 2DR





REGISTERED NUMBER: 08483814 (England and Wales)





ACCOUNTANTS: Fawcetts LLP
Chartered Accountants
Windover House
St. Ann Street
Salisbury
SP1 2DR

SPORTRAX TECHNOLOGY LTD (REGISTERED NUMBER: 08483814)

BALANCE SHEET
30 APRIL 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 731 1,259
Tangible assets 5 1,183 312
1,914 1,571

CURRENT ASSETS
Stocks 28,800 16,500
Debtors 6 3,682 2,345
Cash at bank 98,683 28,318
131,165 47,163
CREDITORS
Amounts falling due within one year 7 283,407 110,529
NET CURRENT LIABILITIES (152,242 ) (63,366 )
TOTAL ASSETS LESS CURRENT LIABILITIES (150,328 ) (61,795 )

CREDITORS
Amounts falling due after more than one
year

8

2,250

4,050
NET LIABILITIES (152,578 ) (65,845 )

CAPITAL AND RESERVES
Called up share capital 9 1 1
Share premium 379,109 379,109
Capital redemption reserve 99 99
Retained earnings (531,787 ) (445,054 )
SHAREHOLDERS' FUNDS (152,578 ) (65,845 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

SPORTRAX TECHNOLOGY LTD (REGISTERED NUMBER: 08483814)

BALANCE SHEET - continued
30 APRIL 2024


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 31 January 2025 and were signed on its behalf by:





P A Blair - Director


SPORTRAX TECHNOLOGY LTD (REGISTERED NUMBER: 08483814)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024


1. STATUTORY INFORMATION

Sportrax Technology Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

The financial statements have been prepared on the going concern basis. The directors have considered the appropriateness of this policy in light of the company's accumulated losses and continue to monitor the financial performance of the company. The directors have confirmed that additional finance will be made available as required from time-to-time to the company to enable it to continue to trade. In this respect, a further share issue is currently under way. On the basis of the plans already implemented and the finance facilities available to the company, the directors conclude that the company's financial statements are appropriately prepared on a going concern basis.

The financial statements are prepared in Sterling (£) which is the functional currency of the company.

The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebate and value added tax.

Intangible assets
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.

Intellectual property are being amortised evenly over their estimated useful life of five years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 33% on cost and 25% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

SPORTRAX TECHNOLOGY LTD (REGISTERED NUMBER: 08483814)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2024


2. ACCOUNTING POLICIES - continued

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Research and development
Expenditure on research and development is written off in the year in which it is incurred.


Debtors
Debtors are measured at their recoverable amount.

Creditors and provisions
Creditors and provisions are recognised where the company has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount after allowing for any trade discounts due.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2023 - 3 ) .

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1 May 2023
and 30 April 2024 2,639
AMORTISATION
At 1 May 2023 1,380
Charge for year 528
At 30 April 2024 1,908
NET BOOK VALUE
At 30 April 2024 731
At 30 April 2023 1,259

SPORTRAX TECHNOLOGY LTD (REGISTERED NUMBER: 08483814)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2024


5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 May 2023 416
Additions 1,416
At 30 April 2024 1,832
DEPRECIATION
At 1 May 2023 104
Charge for year 545
At 30 April 2024 649
NET BOOK VALUE
At 30 April 2024 1,183
At 30 April 2023 312

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors - 968
Other debtors 3,682 1,377
3,682 2,345

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 1,800 2,540
Trade creditors - 1,320
Other creditors 281,607 106,669
283,407 110,529

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans 2,250 4,050

SPORTRAX TECHNOLOGY LTD (REGISTERED NUMBER: 08483814)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2024


9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal value: 2023 2022
£ £
1,192,430 Ordinary £0.000001 1 1


10. RELATED PARTY DISCLOSURES

Creditors due within one year include £2,152 (2023 - £9,346) which is owed to the directors.