Caseware UK (AP4) 2023.0.135 2023.0.135 2024-10-312024-10-31truefalseThe company's principal activity continues to be that of the development and selling of a crowd participation platform in the sports sector.1072023-11-01false106true 09366216 2023-11-01 2024-10-31 09366216 2022-11-01 2023-10-31 09366216 2024-10-31 09366216 2023-10-31 09366216 2022-11-01 09366216 c:PriorPeriodIncreaseDecrease 2023-11-01 2024-10-31 09366216 c:PriorPeriodIncreaseDecrease 2022-11-01 2023-10-31 09366216 d:Director1 2023-11-01 2024-10-31 09366216 c:FurnitureFittings 2023-11-01 2024-10-31 09366216 c:FurnitureFittings 2024-10-31 09366216 c:FurnitureFittings 2023-10-31 09366216 c:FurnitureFittings c:OwnedOrFreeholdAssets 2023-11-01 2024-10-31 09366216 c:OfficeEquipment 2023-11-01 2024-10-31 09366216 c:OfficeEquipment 2024-10-31 09366216 c:OfficeEquipment 2023-10-31 09366216 c:OfficeEquipment c:OwnedOrFreeholdAssets 2023-11-01 2024-10-31 09366216 c:ComputerEquipment 2023-11-01 2024-10-31 09366216 c:ComputerEquipment 2024-10-31 09366216 c:ComputerEquipment 2023-10-31 09366216 c:ComputerEquipment c:OwnedOrFreeholdAssets 2023-11-01 2024-10-31 09366216 c:OwnedOrFreeholdAssets 2023-11-01 2024-10-31 09366216 c:DevelopmentCostsCapitalisedDevelopmentExpenditure 2024-10-31 09366216 c:DevelopmentCostsCapitalisedDevelopmentExpenditure 2023-10-31 09366216 c:CopyrightsPatentsTrademarksServiceOperatingRights 2024-10-31 09366216 c:CopyrightsPatentsTrademarksServiceOperatingRights 2023-10-31 09366216 c:ComputerSoftware 2024-10-31 09366216 c:ComputerSoftware 2023-10-31 09366216 c:CurrentFinancialInstruments 2024-10-31 09366216 c:CurrentFinancialInstruments 2023-10-31 09366216 c:CurrentFinancialInstruments c:WithinOneYear 2024-10-31 09366216 c:CurrentFinancialInstruments c:WithinOneYear 2023-10-31 09366216 c:ShareCapital 2023-11-01 2024-10-31 09366216 c:ShareCapital 2024-10-31 09366216 c:ShareCapital 2023-10-31 09366216 c:ShareCapital 2022-11-01 09366216 c:SharePremium 2023-11-01 2024-10-31 09366216 c:SharePremium 2024-10-31 09366216 c:SharePremium c:PriorPeriodIncreaseDecrease 2023-11-01 2024-10-31 09366216 c:SharePremium 2023-10-31 09366216 c:SharePremium c:PriorPeriodIncreaseDecrease 2022-11-01 2023-10-31 09366216 c:SharePremium 2022-11-01 09366216 c:RetainedEarningsAccumulatedLosses 2023-11-01 2024-10-31 09366216 c:RetainedEarningsAccumulatedLosses 2024-10-31 09366216 c:RetainedEarningsAccumulatedLosses c:PriorPeriodIncreaseDecrease 2023-11-01 2024-10-31 09366216 c:RetainedEarningsAccumulatedLosses 2022-11-01 2023-10-31 09366216 c:RetainedEarningsAccumulatedLosses 2023-10-31 09366216 c:RetainedEarningsAccumulatedLosses c:PriorPeriodIncreaseDecrease 2022-11-01 2023-10-31 09366216 c:RetainedEarningsAccumulatedLosses 2022-11-01 09366216 c:FurtherSpecificTypeProvisionContingentLiability1ComponentTotalProvisionsContingentLiabilities 2023-11-01 2024-10-31 09366216 c:FurtherSpecificTypeProvisionContingentLiability1ComponentTotalProvisionsContingentLiabilities 2024-10-31 09366216 d:FRS102 2023-11-01 2024-10-31 09366216 d:Audited 2023-11-01 2024-10-31 09366216 d:FullAccounts 2023-11-01 2024-10-31 09366216 d:PrivateLimitedCompanyLtd 2023-11-01 2024-10-31 09366216 c:WithinOneYear 2024-10-31 09366216 c:WithinOneYear 2023-10-31 09366216 c:BetweenOneFiveYears 2024-10-31 09366216 c:BetweenOneFiveYears 2023-10-31 09366216 d:SmallCompaniesRegimeForAccounts 2023-11-01 2024-10-31 09366216 6 2023-11-01 2024-10-31 09366216 e:PoundSterling 2023-11-01 2024-10-31 09366216 c:ShareCapital c:PriorPeriodErrorIncreaseDecrease 2023-11-01 2024-10-31 09366216 c:ShareCapital c:PriorPeriodErrorIncreaseDecrease 2022-11-01 2023-10-31 09366216 c:RetainedEarningsAccumulatedLosses c:PreviouslyStatedAmount 2023-10-31 09366216 c:RetainedEarningsAccumulatedLosses c:PreviouslyStatedAmount 2022-11-01 09366216 c:PreviouslyStatedAmount 2023-10-31 09366216 c:PreviouslyStatedAmount 2022-11-01 iso4217:GBP xbrli:pure

Registered number: 09366216










INCROWD SPORTS LTD










FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 OCTOBER 2024


 
INCROWD SPORTS LTD
REGISTERED NUMBER: 09366216

BALANCE SHEET
AS AT 31 OCTOBER 2024

2024
Restated 2023
Note
£
£

Fixed assets
  

Tangible assets
 5 
127,852
188,241

Investments
 6 
731
731

  
128,583
188,972

Current assets
  

Debtors: amounts falling due within one year
 7 
2,303,031
1,836,759

Cash at bank and in hand
 8 
1,337,976
793,665

  
3,641,007
2,630,424

Creditors: amounts falling due within one year
 9 
(2,153,849)
(3,012,942)

Net current assets/(liabilities)
  
 
 
1,487,158
 
 
(382,518)

Total assets less current liabilities
  
1,615,741
(193,546)

Provisions for liabilities
  

Other provisions
  
(18,840)
-

  
 
 
(18,840)
 
 
-

Net assets/(liabilities)
  
1,596,901
(193,546)


Capital and reserves
  

Called up share capital 
  
138,572
114,702

Share premium account
  
12,279,893
8,900,955

Profit and loss account
  
(10,821,564)
(9,209,203)

  
1,596,901
(193,546)


Page 1

 
INCROWD SPORTS LTD
REGISTERED NUMBER: 09366216
    
BALANCE SHEET (CONTINUED)
AS AT 31 OCTOBER 2024

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

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

The company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 



A Cooney
Director
Date: 15 April 2025

The notes on pages 4 to 14 form part of these financial statements.

Page 2

 
INCROWD SPORTS LTD
 

STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 31 OCTOBER 2024


Called up share capital
Share premium account
Profit and loss account
Total equity

£
£
£
£


At 1 November 2022 (as previously stated)
114,702
8,900,955
(7,085,971)
1,929,686

Prior year adjustment
-
-
(92,591)
(92,591)


At 1 November 2022 (as restated)
114,702
8,900,955
(7,178,562)
1,837,095


Comprehensive income for the year

Loss for the year
-
-
(2,030,641)
(2,030,641)



At 1 November 2023 (as previously stated)
114,702
8,900,955
(9,104,054)
(88,397)

Prior year adjustment (cumulative effect at 31 October 2023)
-
-
(105,149)
(105,149)


At 1 November 2023 (as restated)
114,702
8,900,955
(9,209,203)
(193,546)


Comprehensive income for the year

Loss for the year
-
-
(1,612,361)
(1,612,361)

Shares issued during the year
23,870
3,378,938
-
3,402,808


At 31 October 2024
138,572
12,279,893
(10,821,564)
1,596,901


The notes on pages 4 to 14 form part of these financial statements.

Page 3

 
INCROWD SPORTS LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024

1.


General information

The company is a private company limited by shares, and is incorporated in England and Wales. The address of its registered office is Mimet House, 5a Praed Street, London, W2 1NJ.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

Going concern

The directors have prepared forecasts that extend to June 2026. Having delivered revenue growth in the 12 months to October 2024, securing contract renewals within the year at significant uplifts and continuing pipeline momentum into 2025, the directors continue to demonstrate their commitment to product investment and more recently the launch and development of the new SaaS business division. The company successfully completed a £3.5m issue of new equity, predominantly from existing shareholders in the financial year ending 31st October 2024, whilst simultaneously making significant cost reductions to reduce the company’s cash burn. As of January 2025, the company no longer has any short-term debt financing commitments outstanding but does continue to be formally engaged with a rolling credit facility of up to £1.0m to cover short term working capital requirements if applicable. With this additional capital, access to debt facilities, significant confirmed revenue figures and growing pipeline, the forecasts and budgets were reviewed by the directors, and they believe that the company can meet liabilities as they fall due.

 
2.3

Foreign currency translation

Functional and presentation currency

The company's functional and presentational currency is GBP.

Transactions and balances

Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.

At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.

Foreign exchange gains and losses resulting from the settlement of transactions and from the translation at period-end exchange rates of monetary assets and liabilities denominated in foreign currencies are recognised in profit or loss except when deferred in other comprehensive income as qualifying cash flow hedges.

Page 4

 
INCROWD SPORTS LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024

2.Accounting policies (continued)

 
2.4

Revenue recognition

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

Company revenues are driven from the following core areas:

Recurring software as a service licensing, monthly support and managed services. These contracts are generally multi-year in duration and revenues are recognised according to the stage of the contract
Consulting services for ad hoc consulting projects
Technology Services which are one off in nature, project revenues. In most cases this revenue will drive longer term recurring revenues once services are delivered

  
2.5

Research and development

In the research phase of an internal project it is not possible to demonstrate that the project will generate future economic benefits and hence all expenditure on research shall be recognised as an expense when it is incurred. Intangible assets are recognised from the development phase of a project if and only if certain specific criteria are met in order to demonstrate the asset will generate probable future economic benefits and that its cost can be reliably measured.
Due to the difficulties in distinguishing between the research phase and development phase of projects and accurately measuring these costs, the company recognises all development expenditure as an expense in the period it is incurred. During the year £2.50m (2023: £2.24m) was spent in research and development activities.

 
2.6

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.7

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

Page 5

 
INCROWD SPORTS LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024

2.Accounting policies (continued)

 
2.8

Pensions

Defined contribution pension plan

The company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the company pays fixed contributions into a separate entity. Once the contributions have been paid the company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Balance sheet. The assets of the plan are held separately from the company in independently administered funds.

 
2.9

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the company operates and generates income.


 
2.10

Intangible assets

Intangible assets are initially recognised at cost. After recognition, under the cost model, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

All intangible assets are considered to have a finite useful life. If a reliable estimate of the useful life cannot be made, the useful life shall not exceed ten years.

The intangible assets include Trade Marks, IP and Computer Software. There are amortised to profit and loss account over their estimated economic life with four years for Trade Marks and IP, and three years for Computer Software.

Page 6

 
INCROWD SPORTS LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024

2.Accounting policies (continued)

 
2.11

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Fixtures and fittings
-
20%
Straight line method
Office equipment
-
33%
Straight line method
Computer equipment
-
33%
Straight line method

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.12

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

 
2.13

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.

 
2.14

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.15

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.

Page 7

 
INCROWD SPORTS LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024

2.Accounting policies (continued)

 
2.16

Provisions for liabilities

Provisions are recognised when an event has taken place that gives rise to a legal or constructive obligation, a transfer of economic benefits is probable and a reliable estimate can be made.
Provisions are measured as the best estimate of the amount required to settle the obligation, taking into account the related risks and uncertainties.
 
Increases in provisions are generally charged as an expense to profit or loss.

 
2.17

Financial instruments

The company has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's Balance sheet when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include trade and other debtors, cash and bank balances, are initially measured at their transaction price (adjusted for transaction costs except in the initial measurement of financial assets that are subsequently measured at fair value through profit and loss) and are subsequently carried at their amortised cost using the effective interest method, less any provision for impairment, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Discounting is omitted where the effect of discounting is immaterial. The company's cash and cash equivalents, trade and most other debtors due with the operating cycle fall into this category of financial instruments.

Impairment of financial assets

At the end of each reporting period financial assets measured at amortised cost are assessed for objective evidence of impairment. If an asset is impaired the impairment loss is the difference between the carrying amount and the present value of the estimated cash flows discounted at the asset’s original effective interest rate. The impairment loss is recognised in profit or loss. 

Financial assets are impaired when events, subsequent to their initial recognition, indicate the estimated future cash flows derived from the financial asset(s) have been adversely impacted. The impairment loss will be the difference between the current carrying amount and the present value of the future cash flows at the asset(s) original effective interest rate.

If there is a favourable change in relation to the events surrounding the impairment loss then the impairment can be reviewed for possible reversal. The reversal will not cause the current carrying amount to exceed the original carrying amount had the impairment not been recognised. The impairment reversal is recognised in the profit or loss.


 
Page 8

 
INCROWD SPORTS LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024

2.Accounting policies (continued)


2.17
Financial instruments (continued)

Financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after the deduction of all its liabilities.

Basic financial liabilities, which include trade and other creditors, bank loans and other loans are initially measured at their transaction price (adjusting for transaction costs except in the initial measurement of financial liabilities that are subsequently measured at fair value through profit and loss). When this constitutes a financing transaction, whereby the debt instrument is measured at the present value of the future payments discounted at a market rate of interest, discounting is omitted where the effect of discounting is immaterial.

Debt instruments are subsequently carried at their amortised cost using the effective interest rate method.

Trade creditors are obligations to pay for goods and services that have been acquired in the ordinary course of business from suppliers. Trade creditors are classified as current liabilities if the payment is due within one year. If not, they represent non-current liabilities. Trade creditors are initially recognised at their transaction price and subsequently are measured at amortised cost using the effective interest method. Discounting is omitted where the effect of discounting is immaterial.

Other financial instruments

Derivatives, including forward exchange contracts, futures contracts and interest rate swaps, are not classified as basic financial instruments. These are initially recognised at fair value on the date the derivative contract is entered into, with costs being charged to the profit or loss. They are subsequently measured at fair value with changes in the profit or loss.

Debt instruments that do not meet the conditions as set out in FRS 102 paragraph 11.9 are subsequently measured at fair value through the profit or loss. This recognition and measurement would also apply to financial instruments where the performance is evaluated on a fair value basis as with a documented risk management or investment strategy.

Derecognition of financial assets

Financial assets are derecognised when their contractual right to future cash flow expire, or are settled, or when the company transfers the asset and substantially all the risks and rewards of ownership to another party. If significant risks and rewards of ownership are retained after the transfer to another party, then the company will continue to recognise the value of the portion of the risks and rewards retained.

Derecognition of financial liabilities

Financial liabilities are derecognised when the company's contractual obligations expire or are discharged or cancelled.

Page 9

 
INCROWD SPORTS LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024

3.


Employees

The average monthly number of employees, including directors, during the year was 106 (2023 - 107).


4.


Intangible assets




Development expenditure
Trademarks
Computer software
Total

£
£
£
£



Cost


At 1 November 2023
7,000
25,697
514
33,211



At 31 October 2024

7,000
25,697
514
33,211



Amortisation


At 1 November 2023
7,000
25,697
514
33,211



At 31 October 2024

7,000
25,697
514
33,211



Net book value



At 31 October 2024
-
-
-
-



At 31 October 2023
-
-
-
-



Page 10

 
INCROWD SPORTS LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024

5.


Tangible fixed assets





Fixtures and fittings
Office equipment
Computer equipment
Total

£
£
£
£



Cost or valuation


At 1 November 2023
206,090
5,391
248,238
459,719


Additions
-
-
4,752
4,752



At 31 October 2024

206,090
5,391
252,990
464,471



Depreciation


At 1 November 2023
66,637
5,391
199,450
271,478


Charge for the year on owned assets
36,824
-
28,317
65,141



At 31 October 2024

103,461
5,391
227,767
336,619



Net book value



At 31 October 2024
102,629
-
25,223
127,852



At 31 October 2023
139,453
-
48,788
188,241


6.


Fixed asset investments





Investments in subsidiary companies

£



Cost or valuation


At 1 November 2023
731



At 31 October 2024

731






Net book value



At 31 October 2024
731



At 31 October 2023
731

Page 11

 
INCROWD SPORTS LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024

7.


Debtors

2024
2023
£
£


Trade debtors
856,703
728,538

Amounts owed by group undertakings
-
6,555

Other debtors
71,000
97,405

Prepayments and accrued income
958,349
491,989

Tax recoverable
416,979
512,272

2,303,031
1,836,759



8.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
1,337,976
793,665



9.


Creditors: Amounts falling due within one year

2024
Restated 2023
£
£

Other loans
61,396
665,074

Trade creditors
273,787
456,621

Other taxation and social security
302,130
259,975

Other creditors
84,356
165,346

Accruals and deferred income
1,432,180
1,465,926

2,153,849
3,012,942


The following liabilities were secured:

2024
2023
£
£



Loans
61,396
665,074

Details of security provided:

The loan is secured by a charge over the assets of the company. This was fully repaid shortly after the year end.

Page 12

 
INCROWD SPORTS LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024

10.


Provisions





Dilapidation provision

£





Charged to profit or loss
18,840



At 31 October 2024
18,840


11.


Prior year adjustment

The opening balance sheet at 1 November 2022 and the results for the year ended 31 October 2023 have been restated to reflect inclusion of a holiday pay accrual.
As a result of the restatement, the profit and loss reserve at 1 November 2022 has decreased by £92,591 and accruals have increased correspondingly by the same amount. Net assets have reduced at 1 November 2022 by £92,591.
In the year ending 31 October 2023, Administrative expenses have increased by £12,558 and accruals increased correspondingly by £12,558. Net assets have reduced by £12,558 from that previously reported.
Overall, the combined impact on the balance sheet at 31 October 2023 is a reduction in net assets of £105,149 and an increase in the loss for the year ended 31 October 2023 of £12,558.


12.


Pension commitments

The company operates a defined contributions pension scheme. The assets of the scheme are held seperately from those of the company in an independently administered fund. The pension cost charge represents contributions payable by the company to the fund and amounted to £192,332 (£201,305). Contribution totalling £77,414 (2023: £63,915) were payable to the fund at the balance sheet date and are included in creditors.


13.


Commitments under operating leases

At 31 October 2024 the company had future minimum lease payments due under non-cancellable operating leases for each of the following periods:

2024
2023
£
£


Not later than 1 year
68,324
119,644

ater than 1 year and not later than 5 years
4,038
49,703

72,362
169,347

Page 13

 
INCROWD SPORTS LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024

14.


Related party transactions

Included in other creditors are balances totalling £Nil (2023: £92,013) due to shareholders. No interest was charged on these loans. 


15.


Auditors' information

The auditors' report on the financial statements for the year ended 31 October 2024 was unqualified.

The audit report was signed on 17 April 2025 by Rajiv Thakerar FCA (Senior statutory auditor) on behalf of Sumer Auditco Limited.

 
Page 14