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 06367388 Mr D A Gilthorpe Mr A Hakonsen Mr I D McCormack Sir P Vardy Mr P Vermeulen Mr C Whitfield iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 06367388 2023-12-31 06367388 2024-12-31 06367388 2024-01-01 2024-12-31 06367388 frs-core:CurrentFinancialInstruments 2024-12-31 06367388 frs-core:ComputerEquipment 2024-01-01 2024-12-31 06367388 frs-core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2024-01-01 2024-12-31 06367388 frs-core:FurnitureFittings 2024-01-01 2024-12-31 06367388 frs-core:LandBuildings 2024-12-31 06367388 frs-core:LandBuildings 2024-01-01 2024-12-31 06367388 frs-core:LandBuildings 2023-12-31 06367388 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2024-01-01 2024-12-31 06367388 frs-core:MotorVehicles 2024-01-01 2024-12-31 06367388 frs-core:OtherResidualIntangibleAssets 2024-12-31 06367388 frs-core:OtherResidualIntangibleAssets 2024-01-01 2024-12-31 06367388 frs-core:OtherResidualIntangibleAssets 2023-12-31 06367388 frs-core:PlantMachinery 2024-12-31 06367388 frs-core:PlantMachinery 2024-01-01 2024-12-31 06367388 frs-core:PlantMachinery 2023-12-31 06367388 frs-core:SharePremium 2024-12-31 06367388 frs-core:ShareCapital 2024-12-31 06367388 frs-core:RetainedEarningsAccumulatedLosses 2024-12-31 06367388 frs-bus:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 06367388 frs-bus:FilletedAccounts 2024-01-01 2024-12-31 06367388 frs-bus:SmallEntities 2024-01-01 2024-12-31 06367388 frs-bus:AuditExempt-NoAccountantsReport 2024-01-01 2024-12-31 06367388 frs-bus:SmallCompaniesRegimeForAccounts 2024-01-01 2024-12-31 06367388 frs-bus:Director1 2024-01-01 2024-12-31 06367388 frs-bus:Director2 2024-01-01 2024-12-31 06367388 frs-bus:Director3 2024-01-01 2024-12-31 06367388 frs-bus:Director4 2024-01-01 2024-12-31 06367388 frs-bus:Director5 2024-01-01 2024-12-31 06367388 frs-bus:Director6 2024-01-01 2024-12-31 06367388 frs-countries:EnglandWales 2024-01-01 2024-12-31 06367388 2022-12-31 06367388 2023-12-31 06367388 2023-01-01 2023-12-31 06367388 frs-core:CurrentFinancialInstruments 2023-12-31 06367388 frs-core:SharePremium 2023-12-31 06367388 frs-core:ShareCapital 2023-12-31 06367388 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31
Registered number: 06367388
Sonik Sports 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: 06367388
2024 2023
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 39,194 38,196
Tangible Assets 5 100,579 151,226
139,773 189,422
CURRENT ASSETS
Stocks 6 2,976,083 2,392,055
Debtors 7 1,161,230 801,725
Cash at bank and in hand 578,439 375,773
4,715,752 3,569,553
Creditors: Amounts Falling Due Within One Year 8 (2,870,731 ) (1,777,526 )
NET CURRENT ASSETS (LIABILITIES) 1,845,021 1,792,027
TOTAL ASSETS LESS CURRENT LIABILITIES 1,984,794 1,981,449
NET ASSETS 1,984,794 1,981,449
CAPITAL AND RESERVES
Called up share capital 9 121,871 121,871
Share premium account 1,456,640 1,456,640
Profit and Loss Account 406,283 402,938
SHAREHOLDERS' FUNDS 1,984,794 1,981,449
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 C Whitfield
Director
4th June 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
Sonik Sports Limited is a private company, limited by shares, incorporated in England & Wales, registered number 06367388 . The registered office is Blyth Riverside Business Park, Blyth, Northumberland, NE24 4RP.
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. Intangible Fixed Assets and Amortisation - Other Intangible
Other intangible assets are Trademarks & Stamp Duty. They are amortised to profit and loss account over their estimated economic life of 10 years.
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:
Leasehold 20/50% straight line
Plant & Machinery 20/33% straight line
Motor Vehicles 33% straight line
Fixtures & Fittings 33% straight line
Computer Equipment 20/33% straight line
2.5. 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.
2.6. Foreign Currencies
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 21 (2023: 20)
21 20
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Page 4
4. Intangible Assets
Other
£
Cost
As at 1 January 2024 55,897
Additions 6,386
As at 31 December 2024 62,283
Amortisation
As at 1 January 2024 17,701
Provided during the period 5,388
As at 31 December 2024 23,089
Net Book Value
As at 31 December 2024 39,194
As at 1 January 2024 38,196
5. Tangible Assets
Land & Buildings Plant & Machinery etc. Total
£ £ £
Cost
As at 1 January 2024 14,843 379,470 394,313
Additions 1,250 12,413 13,663
As at 31 December 2024 16,093 391,883 407,976
Depreciation
As at 1 January 2024 13,116 229,971 243,087
Provided during the period 1,109 63,201 64,310
As at 31 December 2024 14,225 293,172 307,397
Net Book Value
As at 31 December 2024 1,868 98,711 100,579
As at 1 January 2024 1,727 149,499 151,226
6. Stocks
2024 2023
£ £
Stock 2,976,083 2,392,055
7. Debtors
2024 2023
£ £
Due within one year
Trade debtors 1,051,523 719,601
Other debtors 109,707 82,124
1,161,230 801,725
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8. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 1,327,003 499,281
Bank loans and overdrafts 130,000 190,000
Other creditors 1,354,950 1,048,304
Taxation and social security 58,778 39,941
2,870,731 1,777,526
10. Related Party Transactions
Included in Creditors is a loan of £384,642 (2023: £567,261) from Vardy Family Office Limited, a company in which Sir Peter Vardy is both a director and controlling shareholder.
Page 5