Acorah Software Products - Accounts Production 16.3.350 false true 31 October 2023 1 November 2022 false 1 November 2023 31 October 2024 31 October 2024 12265384 T J Watts iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 12265384 2023-10-31 12265384 2024-10-31 12265384 2023-11-01 2024-10-31 12265384 frs-core:CurrentFinancialInstruments 2024-10-31 12265384 frs-core:FurnitureFittings 2024-10-31 12265384 frs-core:FurnitureFittings 2023-11-01 2024-10-31 12265384 frs-core:FurnitureFittings 2023-10-31 12265384 frs-core:SharePremium 2024-10-31 12265384 frs-core:ShareCapital 2024-10-31 12265384 frs-core:RetainedEarningsAccumulatedLosses 2024-10-31 12265384 frs-bus:PrivateLimitedCompanyLtd 2023-11-01 2024-10-31 12265384 frs-bus:FilletedAccounts 2023-11-01 2024-10-31 12265384 frs-bus:SmallEntities 2023-11-01 2024-10-31 12265384 frs-bus:AuditExempt-NoAccountantsReport 2023-11-01 2024-10-31 12265384 frs-bus:SmallCompaniesRegimeForAccounts 2023-11-01 2024-10-31 12265384 frs-bus:Director1 2023-11-01 2024-10-31 12265384 frs-bus:Director1 2023-10-31 12265384 frs-bus:Director1 2024-10-31 12265384 frs-countries:EnglandWales 2023-11-01 2024-10-31 12265384 2022-10-31 12265384 2023-10-31 12265384 2022-11-01 2023-10-31 12265384 frs-core:CurrentFinancialInstruments 2023-10-31 12265384 frs-core:SharePremium 2023-10-31 12265384 frs-core:ShareCapital 2023-10-31 12265384 frs-core:RetainedEarningsAccumulatedLosses 2023-10-31
Registered number: 12265384
Grit Sports Management Ltd
Unaudited Financial Statements
For The Year Ended 31 October 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 12265384
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 840 -
840 -
CURRENT ASSETS
Debtors 5 13,074 5,437
Cash at bank and in hand 4,081 19,845
17,155 25,282
Creditors: Amounts Falling Due Within One Year 6 (2,385 ) (14,856 )
NET CURRENT ASSETS (LIABILITIES) 14,770 10,426
TOTAL ASSETS LESS CURRENT LIABILITIES 15,610 10,426
NET ASSETS 15,610 10,426
CAPITAL AND RESERVES
Called up share capital 7 2 2
Share premium account 40,000 40,000
Profit and Loss Account (24,392 ) (29,576 )
SHAREHOLDERS' FUNDS 15,610 10,426
Page 1
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For the year ending 31 October 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
T J Watts
Director
28/04/2025
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
Grit Sports Management Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 12265384 . The registered office is 76 Brook End Drive, Henley-In-Arden, B95 5JF.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements are prepared under the historical cost convention and in accordance with the FRS 102 Section 1A Small Entities - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
The financial statements are presented in sterling which is the functional currency of the company and the financial statements are rounded to the nearest £1.
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.
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 33% Straight Line
3. Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2023: 2)
2 2
4. Tangible Assets
Fixtures & Fittings
£
Cost
As at 1 November 2023 -
Additions 1,254
As at 31 October 2024 1,254
Depreciation
As at 1 November 2023 -
Provided during the period 414
As at 31 October 2024 414
Net Book Value
As at 31 October 2024 840
As at 1 November 2023 -
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5. Debtors
2024 2023
£ £
Due within one year
Trade debtors 6,187 5,308
Other debtors 6,887 129
13,074 5,437
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 1,035 265
Other creditors 1,350 14,591
2,385 14,856
7. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 2 2
8. Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors:
As at 1 November 2023 Amounts advanced Amounts repaid Amounts written off As at 31 October 2024
£ £ £ £ £
Mr Thomas Watts 126 5,000 - - 5,126
The above loan is unsecured, interest free and repayable on demand.
9. Related Party Transactions
As at the 31st October 2024 a balance of £1,759 (2023 - £Nil) was owed by a company controlled by the director. Loans are interest free and repayable on demand.
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