Acorah Software Products - Accounts Production 16.3.350 false true 30 September 2023 1 October 2022 false 1 October 2023 30 September 2024 30 September 2024 07021528 Mrs Tarla Samani Mr Nikil Samani iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 07021528 2023-09-30 07021528 2024-09-30 07021528 2023-10-01 2024-09-30 07021528 frs-core:CurrentFinancialInstruments 2024-09-30 07021528 frs-core:PlantMachinery 2024-09-30 07021528 frs-core:PlantMachinery 2023-10-01 2024-09-30 07021528 frs-core:PlantMachinery 2023-09-30 07021528 frs-core:ShareCapital 2024-09-30 07021528 frs-core:RetainedEarningsAccumulatedLosses 2024-09-30 07021528 frs-bus:PrivateLimitedCompanyLtd 2023-10-01 2024-09-30 07021528 frs-bus:FilletedAccounts 2023-10-01 2024-09-30 07021528 frs-bus:SmallEntities 2023-10-01 2024-09-30 07021528 frs-bus:AuditExempt-NoAccountantsReport 2023-10-01 2024-09-30 07021528 frs-bus:SmallCompaniesRegimeForAccounts 2023-10-01 2024-09-30 07021528 frs-bus:Director1 2023-10-01 2024-09-30 07021528 frs-bus:Director2 2023-10-01 2024-09-30 07021528 frs-countries:EnglandWales 2023-10-01 2024-09-30 07021528 2022-09-30 07021528 2023-09-30 07021528 2022-10-01 2023-09-30 07021528 frs-core:CurrentFinancialInstruments 2023-09-30 07021528 frs-core:ShareCapital 2023-09-30 07021528 frs-core:RetainedEarningsAccumulatedLosses 2023-09-30
Registered number: 07021528
Sports Hospitality Ltd
Unaudited Financial Statements
For The Year Ended 30 September 2024
Ascot Sinclair Associates Ltd
Chartered Certified Accountants
Avondale House
262 Uxbridge Road
Hatch End
Middlesex
HA5 4HS
Contents
Page
Balance Sheet 1
Notes to the Financial Statements 2—3
Page 1
Balance Sheet
Registered number: 07021528
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 320 426
320 426
CURRENT ASSETS
Stocks 5 5,350 5,100
Debtors 6 257 251
Cash at bank and in hand 415 115
6,022 5,466
Creditors: Amounts Falling Due Within One Year 7 (32,054 ) (23,840 )
NET CURRENT ASSETS (LIABILITIES) (26,032 ) (18,374 )
TOTAL ASSETS LESS CURRENT LIABILITIES (25,712 ) (17,948 )
NET LIABILITIES (25,712 ) (17,948 )
CAPITAL AND RESERVES
Called up share capital 8 100 100
Profit and Loss Account (25,812 ) (18,048 )
SHAREHOLDERS' FUNDS (25,712) (17,948)
For the year ending 30 September 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 Nikil Samani
Director
04/06/2025
The notes on pages 2 to 3 form part of these financial statements.
Page 1
Page 2
Notes to the Financial Statements
1. General Information
Sports Hospitality Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 07021528 . The registered office is Avondale House, 262 Uxbridge Road, Hatch End, HA5 4HS.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 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. 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:
Plant & Machinery 25% reducing balance
2.4. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 1 (2023: 1)
1 1
4. Tangible Assets
Plant & Machinery
£
Cost
As at 1 October 2023 1,842
As at 30 September 2024 1,842
Depreciation
As at 1 October 2023 1,416
Provided during the period 106
As at 30 September 2024 1,522
Net Book Value
As at 30 September 2024 320
As at 1 October 2023 426
Page 2
Page 3
5. Stocks
2024 2023
£ £
Finished goods 5,350 5,100
6. Debtors
2024 2023
£ £
Due within one year
Trade debtors (12 ) (12 )
VAT 269 263
257 251
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 2,210 2,210
Corporation tax 14 (430 )
Accruals and deferred income 1,560 780
Directors' loan accounts 28,270 21,280
32,054 23,840
8. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
Page 3