Acorah Software Products - Accounts Production 16.1.300 false true 31 May 2023 1 June 2022 false 1 June 2023 31 May 2024 31 May 2024 05779802 Mr Darren Phillips iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 05779802 2023-05-31 05779802 2024-05-31 05779802 2023-06-01 2024-05-31 05779802 frs-core:CurrentFinancialInstruments 2024-05-31 05779802 frs-core:ComputerEquipment 2024-05-31 05779802 frs-core:ComputerEquipment 2023-06-01 2024-05-31 05779802 frs-core:ComputerEquipment 2023-05-31 05779802 frs-core:FurnitureFittings 2024-05-31 05779802 frs-core:FurnitureFittings 2023-06-01 2024-05-31 05779802 frs-core:FurnitureFittings 2023-05-31 05779802 frs-core:ShareCapital 2024-05-31 05779802 frs-core:RetainedEarningsAccumulatedLosses 2024-05-31 05779802 frs-bus:PrivateLimitedCompanyLtd 2023-06-01 2024-05-31 05779802 frs-bus:FilletedAccounts 2023-06-01 2024-05-31 05779802 frs-bus:SmallEntities 2023-06-01 2024-05-31 05779802 frs-bus:AuditExempt-NoAccountantsReport 2023-06-01 2024-05-31 05779802 frs-bus:SmallCompaniesRegimeForAccounts 2023-06-01 2024-05-31 05779802 frs-bus:Director1 2023-06-01 2024-05-31 05779802 frs-countries:EnglandWales 2023-06-01 2024-05-31 05779802 2022-05-31 05779802 2023-05-31 05779802 2022-06-01 2023-05-31 05779802 frs-core:CurrentFinancialInstruments 2023-05-31 05779802 frs-core:ShareCapital 2023-05-31 05779802 frs-core:RetainedEarningsAccumulatedLosses 2023-05-31
Registered number: 05779802
Pure Sports Marketing Limited
Financial Statements
For The Year Ended 31 May 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 05779802
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 3,761 3,428
3,761 3,428
CURRENT ASSETS
Debtors 5 43,913 71,274
Cash at bank and in hand 22,162 5,066
66,075 76,340
Creditors: Amounts Falling Due Within One Year 6 (69,508 ) (69,838 )
NET CURRENT ASSETS (LIABILITIES) (3,433 ) 6,502
TOTAL ASSETS LESS CURRENT LIABILITIES 328 9,930
NET ASSETS 328 9,930
CAPITAL AND RESERVES
Called up share capital 7 101 101
Profit and Loss Account 227 9,829
SHAREHOLDERS' FUNDS 328 9,930
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For the year ending 31 May 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his 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 Darren Phillips
Director
25 February 2025
The notes on pages 3 to 4 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
Pure Sports Marketing Limited is a private company, limited by shares, incorporated in England & Wales, registered number 05779802 . The registered office is Oaklands, 103 Duffield Road, Derby, DE22 1AE.
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:
Fixtures & Fittings 20% reducing balance
Computer Equipment 33% straight line
2.4. Foreign Currencies
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
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. 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. The carrying amount of deferred tax assets is reviewed at the end of each reporting period.
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.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 3 (2023: 3)
3 3
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4. Tangible Assets
Fixtures & Fittings Computer Equipment Total
£ £ £
Cost
As at 1 June 2023 4,342 8,120 12,462
Additions - 2,025 2,025
As at 31 May 2024 4,342 10,145 14,487
Depreciation
As at 1 June 2023 3,432 5,602 9,034
Provided during the period 182 1,510 1,692
As at 31 May 2024 3,614 7,112 10,726
Net Book Value
As at 31 May 2024 728 3,033 3,761
As at 1 June 2023 910 2,518 3,428
5. Debtors
2024 2023
£ £
Due within one year
Trade debtors 6,095 41,667
Prepayments and accrued income 825 825
Other debtors 28,740 19,002
VAT 8,253 9,780
43,913 71,274
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 47,362 47,281
Corporation tax 19,304 20,687
Other taxes and social security 1,167 195
Accruals and deferred income 1,675 1,675
69,508 69,838
7. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 101 101
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