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REGISTERED NUMBER: 06361033 (England and Wales)















Report of the Directors and

Financial Statements for the Year Ended 30 September 2024

for

Pitch Hero Limited

Pitch Hero Limited (Registered number: 06361033)






Contents of the Financial Statements
for the Year Ended 30 September 2024




Page

Company Information 1

Report of the Directors 2

Statement of Financial Position 3

Notes to the Financial Statements 5


Pitch Hero Limited

Company Information
for the Year Ended 30 September 2024







DIRECTORS: M C Fletcher
A J Hobson
A T McCarthy
J D Milsom





REGISTERED OFFICE: Sterling House
Capitol Park East
Tingley
Leeds
West Yorkshire
WF3 1DR





REGISTERED NUMBER: 06361033 (England and Wales)





ACCOUNTANTS: Richard Smedley Limited
Chartered Accountants & Registered Auditors
Richmond House
Lawnswood Business Park
Redvers Close
Leeds
West Yorkshire
LS16 6QY

Pitch Hero Limited (Registered number: 06361033)

Report of the Directors
for the Year Ended 30 September 2024

The directors present their report with the financial statements of the company for the year ended 30 September 2024.

PRINCIPAL ACTIVITY
The principal activity of the company in the year under review was that of developing, maintaining, and providing a website platform and GPS tracking hardware for sports clubs.

REVIEW OF BUSINESS
The Directors are pleased to report a 24% increase in Turnover during the financial year, resulting in an increase in net profit. This performance was in line with the Directors' expectations after several years of new product development and investment.

The Company's positive results reflect several new initiatives including the PitcheroGPS product launch, which will be rolled out to new international markets in 2025 onwards.

The Directors are confident in the business and its future prospects. The Company has sufficient access to working capital facilities and cash generated from trading activities to meet its financial obligations.

DIRECTORS
The directors shown below have held office during the whole of the period from 1 October 2023 to the date of this report.

M C Fletcher
A J Hobson
A T McCarthy
J D Milsom

This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

ON BEHALF OF THE BOARD:





M C Fletcher - Director


10 March 2025

Pitch Hero Limited (Registered number: 06361033)

Statement of Financial Position
30 September 2024

30.9.24 30.9.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - 7,583
Tangible assets 5 67,911 81,579
67,911 89,162

CURRENT ASSETS
Stocks 218,753 212,894
Debtors 6 210,558 199,377
Cash at bank and in hand 5,007 9,395
434,318 421,666
CREDITORS
Amounts falling due within one year 7 674,837 1,063,600
NET CURRENT LIABILITIES (240,519 ) (641,934 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(172,608

)

(552,772

)

CREDITORS
Amounts falling due after more than one
year

8

912,361

551,333
NET LIABILITIES (1,084,969 ) (1,104,105 )

CAPITAL AND RESERVES
Called up share capital 146 146
Share premium 2,552,258 2,552,258
Capital redemption reserve 2 2
Retained earnings (3,637,375 ) (3,656,511 )
(1,084,969 ) (1,104,105 )

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 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.

Pitch Hero Limited (Registered number: 06361033)

Statement of Financial Position - continued
30 September 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 10 March 2025 and were signed on its behalf by:





M C Fletcher - Director


Pitch Hero Limited (Registered number: 06361033)

Notes to the Financial Statements
for the Year Ended 30 September 2024

1. STATUTORY INFORMATION

Pitch Hero Limited 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 company is considered a going concern due to the continued support of its parent company.

Turnover
Turnover represents net invoiced sales of services excluding value added tax. Revenue is recognised when the company obtains the right to receive consideration for services provided.

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.

Computer software is being amortised evenly over its estimated useful life of one years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Short leasehold - 10% on cost
Plant and machinery - 20% on reducing balance
Fixtures and fittings - 10% on reducing balance
Computer equipment - 10% 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.

Financial instruments
Basic financial instruments are recognised at amortised costs. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 statement of financial position date.


Pitch Hero Limited (Registered number: 06361033)

Notes to the Financial Statements - continued
for the Year Ended 30 September 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 statement of financial position 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.


Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the statement of financial position date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 19 (2023 - 22 ) .

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1 October 2023
and 30 September 2024 192,106
AMORTISATION
At 1 October 2023 184,523
Charge for year 7,583
At 30 September 2024 192,106
NET BOOK VALUE
At 30 September 2024 -
At 30 September 2023 7,583

Pitch Hero Limited (Registered number: 06361033)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2024

5. TANGIBLE FIXED ASSETS
Fixtures
Short Plant and and Computer
leasehold machinery fittings equipment Totals
£    £    £    £    £   
COST
At 1 October 2023 29,085 35,175 35,702 85,391 185,353
Additions - - - 8,529 8,529
At 30 September 2024 29,085 35,175 35,702 93,920 193,882
DEPRECIATION
At 1 October 2023 15,164 9,815 18,260 60,535 103,774
Charge for year 2,909 6,340 1,744 11,204 22,197
At 30 September 2024 18,073 16,155 20,004 71,739 125,971
NET BOOK VALUE
At 30 September 2024 11,012 19,020 15,698 22,181 67,911
At 30 September 2023 13,921 25,360 17,442 24,856 81,579

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.24 30.9.23
£    £   
Trade debtors 104,097 128,539
Other debtors 106,461 70,838
210,558 199,377

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.24 30.9.23
£    £   
Bank loans and overdrafts 16,676 58,280
Trade creditors 100,436 171,298
Taxation and social security 131,946 159,870
Other creditors 425,779 674,152
674,837 1,063,600

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.9.24 30.9.23
£    £   
Bank loans 7,033 17,365
Amounts owed to group undertakings 313,248 -
Other creditors 592,080 533,968
912,361 551,333

Pitch Hero Limited (Registered number: 06361033)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2024

9. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
30.9.24 30.9.23
£    £   
Within one year 42,000 42,000
Between one and five years 168,000 168,000
In more than five years 73,500 115,500
283,500 325,500