SPORTIVATER LIMITED

Company Registration Number:
08665470 (England and Wales)

Unaudited abridged accounts for the year ended 31 August 2024

Period of accounts

Start date: 01 September 2023

End date: 31 August 2024

SPORTIVATER LIMITED

Contents of the Financial Statements

for the Period Ended 31 August 2024

Balance sheet
Notes

SPORTIVATER LIMITED

Balance sheet

As at 31 August 2024


Notes

2024

2023


£

£
Fixed assets
Intangible assets: 3 9,339 5,333
Tangible assets: 4 15,520 15,981
Total fixed assets: 24,859 21,314
Current assets
Debtors:   156,288 660,393
Cash at bank and in hand: 902,861 457,893
Total current assets: 1,059,149 1,118,286
Creditors: amounts falling due within one year:   (768,405) (761,099)
Net current assets (liabilities): 290,744 357,187
Total assets less current liabilities: 315,603 378,501
Creditors: amounts falling due after more than one year:   0 (73,333)
Provision for liabilities: (2,900) (2,100)
Total net assets (liabilities): 312,703 303,068
Capital and reserves
Called up share capital: 100 100
Profit and loss account: 312,603 302,968
Shareholders funds: 312,703 303,068

The notes form part of these financial statements

SPORTIVATER LIMITED

Balance sheet statements

For the year ending 31 August 2024 the company was entitled to exemption 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.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 22 May 2025
and signed on behalf of the board by:

Name: M D Ledzion
Status: Director

The notes form part of these financial statements

SPORTIVATER LIMITED

Notes to the Financial Statements

for the Period Ended 31 August 2024

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

Turnover policy

Turnover is derived from the principle activity of providing Sporting activity for schools. Turnover represents net invoiced sales of sporting activities, excluding value added tax. In line with Financial Reporting Standard 102, Revenue Recognition income has been recognised when the company obtains the right to consideration in exchange for it's performance.

Tangible fixed assets and depreciation policy

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life. Plant and machinery etc - 2 5% on reducing balance, 25% on cost and 20% on reducing balance

Intangible fixed assets and amortisation policy

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 three years.

Other accounting policies

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. Pension costs and other post-retirement benefits The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate. Going concern The director has considered the financial position of the company and believes it is well placed to manage its business risks successfully, therefore the director is satisfied to continue to adopt the going concern basis of preparation for the financial statements.

SPORTIVATER LIMITED

Notes to the Financial Statements

for the Period Ended 31 August 2024

2. Employees

2024 2023
Average number of employees during the period 10 12

SPORTIVATER LIMITED

Notes to the Financial Statements

for the Period Ended 31 August 2024

3. Intangible Assets

Total
Cost £
At 01 September 2023 327,068
Additions 7,207
At 31 August 2024 334,275
Amortisation
At 01 September 2023 321,735
Charge for year 3,201
At 31 August 2024 324,936
Net book value
At 31 August 2024 9,339
At 31 August 2023 5,333

SPORTIVATER LIMITED

Notes to the Financial Statements

for the Period Ended 31 August 2024

4. Tangible Assets

Total
Cost £
At 01 September 2023 27,534
Additions 4,163
Disposals (1,545)
At 31 August 2024 30,152
Depreciation
At 01 September 2023 11,553
Charge for year 4,624
On disposals (1,545)
At 31 August 2024 14,632
Net book value
At 31 August 2024 15,520
At 31 August 2023 15,981

SPORTIVATER LIMITED

Notes to the Financial Statements

for the Period Ended 31 August 2024

5. Related party transactions

The controlling party is M D Ledzion.