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COMPANY REGISTRATION NUMBER: 01447251
Sportsguide Limited
Filleted Unaudited Financial Statements
Year ended
31 October 2024
Sportsguide Limited
Financial Statements
Year ended 31 October 2024
Contents
Pages
Chartered accountant's report to the board of directors on the preparation of the unaudited statutory financial statements
1
Statement of financial position
2 to 3
Accounting policies
4 to 5
Notes to the financial statements
6 to 7
Sportsguide Limited
Chartered Accountant's Report to the Board of Directors on the Preparation of the Unaudited Statutory Financial Statements of Sportsguide Limited
Year ended 31 October 2024
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Sportsguide Limited for the year ended 31 October 2024, which comprise the statement of financial position and the related notes from the company's accounting records and from information and explanations you have given us. As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at www.icaew.com/en/membership/regulations-standards-and-guidance. Our work has been undertaken in accordance with ICAEW Technical Release 07/16 AAF as detailed at www.icaew.com/compilation.
PORTER GARLAND Chartered accountants
Communication House Victoria Avenue Camberley Surrey GU15 3HX
28 April 2025
Sportsguide Limited
Statement of Financial Position
31 October 2024
2024
2023
Note
£
£
£
£
Fixed assets
Tangible assets
4
847
923
Current assets
Debtors
5
47,772
62,790
Cash at bank and in hand
19,486
14,852
--------
--------
67,258
77,642
Creditors: amounts falling due within one year
6
40,416
31,332
--------
--------
Net current assets
26,842
46,310
--------
--------
Total assets less current liabilities
27,689
47,233
Creditors: amounts falling due after more than one year
7
25,926
31,481
--------
--------
Net assets
1,763
15,752
--------
--------
Capital and reserves
Called up share capital
100
100
Profit and loss account
1,663
15,652
-------
--------
Shareholders funds
1,763
15,752
-------
--------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
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.
Directors' responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
Sportsguide Limited
Statement of Financial Position (continued)
31 October 2024
These financial statements were approved by the board of directors and authorised for issue on 28 April 2025 , and are signed on behalf of the board by:
Mr P Brannan
Director
Company registration number: 01447251
Sportsguide Limited
Accounting Policies
Year ended 31 October 2024
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Financial instruments
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in the profit and loss account. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in the profit and loss account.
Disclosure exemptions
The entity satisfies the criteria of being a qualifying entity as defined in FRS 102.
Revenue recognition
Turnover comprises the value of sales (net of VAT, similar taxes and trade discounts) of goods and services provided in the normal course of business. Turnover is recognised by reference to the invoice date as this is the point at which the risks and rewards pass to the customer.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Computer equipment
-
20% straight line
Office equipment
-
15% straight line
Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.
Financial instruments
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.
Sportsguide Limited
Notes to the Financial Statements
Year ended 31 October 2024
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 1 Brooklands Farm, Bottle Lane, Binfield, Berkshire, RG42 5QX.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Employee numbers
The average number of persons employed by the company during the year amounted to 4 (2023: 3 ).
4. Tangible assets
Computer equipment
Office equipment
Total
£
£
£
Cost
At 1 November 2023
3,976
1,120
5,096
Additions
312
312
-------
-------
-------
At 31 October 2024
4,288
1,120
5,408
-------
-------
-------
Depreciation
At 1 November 2023
3,057
1,116
4,173
Charge for the year
388
388
-------
-------
-------
At 31 October 2024
3,445
1,116
4,561
-------
-------
-------
Carrying amount
At 31 October 2024
843
4
847
-------
-------
-------
At 31 October 2023
919
4
923
-------
-------
-------
5. Debtors
2024
2023
£
£
Trade debtors
33,890
51,960
Other debtors
13,882
10,830
--------
--------
47,772
62,790
--------
--------
6. Creditors: amounts falling due within one year
2024
2023
£
£
Bank loans and overdrafts
5,556
5,556
Trade creditors
30,604
18,576
Social security and other taxes
1,328
1,287
Other creditors
2,928
5,913
--------
--------
40,416
31,332
--------
--------
7. Creditors: amounts falling due after more than one year
2024
2023
£
£
Bank loans and overdrafts
25,926
31,481
--------
--------
8. Directors' advances, credits and guarantees
The directors loan account is not disclosed as permitted under Section 1A of FRS 102.