Acorah Software Products - Accounts Production 16.3.350 false true 31 December 2023 1 January 2023 false 1 January 2024 31 December 2024 31 December 2024 14193207 Mr Jordan Pollock Mr Benyamin Farooqi Mr Louis Thompson Mr Robert Tebbutt iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 14193207 2023-12-31 14193207 2024-12-31 14193207 2024-01-01 2024-12-31 14193207 frs-core:CurrentFinancialInstruments 2024-12-31 14193207 frs-core:Non-currentFinancialInstruments 2024-12-31 14193207 frs-core:ComputerEquipment 2024-12-31 14193207 frs-core:ComputerEquipment 2024-01-01 2024-12-31 14193207 frs-core:ComputerEquipment 2023-12-31 14193207 frs-core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2024-01-01 2024-12-31 14193207 frs-core:OtherResidualIntangibleAssets 2024-12-31 14193207 frs-core:OtherResidualIntangibleAssets 2023-12-31 14193207 frs-core:SharePremium 2024-12-31 14193207 frs-core:ShareCapital 2024-12-31 14193207 frs-core:RetainedEarningsAccumulatedLosses 2024-12-31 14193207 frs-bus:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 14193207 frs-bus:FilletedAccounts 2024-01-01 2024-12-31 14193207 frs-bus:SmallEntities 2024-01-01 2024-12-31 14193207 frs-bus:AuditExempt-NoAccountantsReport 2024-01-01 2024-12-31 14193207 frs-bus:SmallCompaniesRegimeForAccounts 2024-01-01 2024-12-31 14193207 frs-core:UnlistedNon-exchangeTraded 2024-12-31 14193207 frs-core:UnlistedNon-exchangeTraded 2023-12-31 14193207 frs-core:CostValuation frs-core:UnlistedNon-exchangeTraded 2023-12-31 14193207 frs-core:AdditionsToInvestments frs-core:UnlistedNon-exchangeTraded 2024-12-31 14193207 frs-core:CostValuation frs-core:UnlistedNon-exchangeTraded 2024-12-31 14193207 frs-core:ProvisionsForImpairmentInvestments frs-core:UnlistedNon-exchangeTraded 2023-12-31 14193207 frs-core:ProvisionsForImpairmentInvestments frs-core:UnlistedNon-exchangeTraded 2024-12-31 14193207 frs-bus:Director1 2024-01-01 2024-12-31 14193207 frs-bus:Director2 2024-01-01 2024-12-31 14193207 frs-bus:Director3 2024-01-01 2024-12-31 14193207 frs-bus:Director4 2024-01-01 2024-12-31 14193207 frs-countries:EnglandWales 2024-01-01 2024-12-31 14193207 2022-12-31 14193207 2023-12-31 14193207 2023-01-01 2023-12-31 14193207 frs-core:CurrentFinancialInstruments 2023-12-31 14193207 frs-core:Non-currentFinancialInstruments 2023-12-31 14193207 frs-core:SharePremium 2023-12-31 14193207 frs-core:ShareCapital 2023-12-31 14193207 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31
Registered number: 14193207
iD Sports Media Limited
Unaudited Financial Statements
For The Year Ended 31 December 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 14193207
2024 2023
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 610,000 610,000
Tangible Assets 5 16,032 23,928
Investments 6 10 -
626,042 633,928
CURRENT ASSETS
Debtors 7 48,289 61,268
Cash at bank and in hand 100,943 60,758
149,232 122,026
Creditors: Amounts Falling Due Within One Year 8 (55,516 ) (2,345 )
NET CURRENT ASSETS (LIABILITIES) 93,716 119,681
TOTAL ASSETS LESS CURRENT LIABILITIES 719,758 753,609
Creditors: Amounts Falling Due After More Than One Year 9 (976,021 ) (712,977 )
NET (LIABILITIES)/ASSETS (256,263 ) 40,632
CAPITAL AND RESERVES
Called up share capital 10 20,400 10,000
Share premium account 417,121 255,470
Profit and Loss Account (693,784 ) (224,838 )
SHAREHOLDERS' FUNDS (256,263) 40,632
Page 1
Page 2
For the year ending 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their 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 Robert Tebbutt
Director
15 April 2025
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
iD Sports Media Limited is a private company, limited by shares, incorporated in England & Wales, registered number 14193207 . The registered office is Mare Street Studios, 203-213 Mare Street, London, E8 3JS.
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.
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. Intangible Fixed Assets and Amortisation - Other Intangible
Other intagible assets relates to digital media channels and the acquisition of Boxing News magazine. As at the balance sheet date the directors believe that the future profits from intangible assets will exceed thier cost and no impairment is currently required.
2.4. 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:
Computer Equipment 33% Reducing Balance
3. Average Number of Employees
Average number of employees, including directors, during the year was: 13 (2023: 9)
13 9
4. Intangible Assets
Other
£
Cost
As at 1 January 2024 610,000
As at 31 December 2024 610,000
Net Book Value
As at 31 December 2024 610,000
As at 1 January 2024 610,000
During the year ended 31 December 2023 the company acquired Boxing News, a long-established weekly boxing magazine. As at the current date the directors believe that the cost of acquiring the Boxing News name correctly reflects the current value of the asset and no impairment is required.
Page 3
Page 4
5. Tangible Assets
Computer Equipment
£
Cost
As at 1 January 2024 39,719
As at 31 December 2024 39,719
Depreciation
As at 1 January 2024 15,791
Provided during the period 7,896
As at 31 December 2024 23,687
Net Book Value
As at 31 December 2024 16,032
As at 1 January 2024 23,928
6. Investments
Unlisted
£
Cost
As at 1 January 2024 -
Additions 10
As at 31 December 2024 10
Provision
As at 1 January 2024 -
As at 31 December 2024 -
Net Book Value
As at 31 December 2024 10
As at 1 January 2024 -
7. Debtors
2024 2023
£ £
Due within one year
Trade debtors 7,000 51,767
Prepayments and accrued income 20,529 7,370
VAT 20,760 2,131
48,289 61,268
Page 4
Page 5
8. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 9,317 -
Other taxes and social security 12,338 2,345
Accruals and deferred income 33,861 -
55,516 2,345
9. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Other creditors 976,021 712,977
10. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 20,400 10,000
Page 5