Company registration number 10353453 (England and Wales)
SPORADIC GROUP LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024
PAGES FOR FILING WITH REGISTRAR
SPORADIC GROUP LIMITED
CONTENTS
Page
Statement of financial position
1 - 2
Statement of changes in equity
3
Notes to the financial statements
4 - 8
SPORADIC GROUP LIMITED
STATEMENT OF FINANCIAL POSITION
AS AT
31 AUGUST 2024
31 August 2024
- 1 -
2024
2023
Notes
£
£
£
£
Fixed assets
Tangible assets
4
347,180
436,000
Current assets
Stocks
29,625
33,374
Debtors
5
705,156
892,971
Cash at bank and in hand
17,776
5,435
752,557
931,780
Creditors: amounts falling due within one year
6
(1,200,279)
(937,968)
Net current liabilities
(447,722)
(6,188)
Total assets less current liabilities
(100,542)
429,812
Creditors: amounts falling due after more than one year
7
(1,554,352)
(1,517,634)
Net liabilities
(1,654,894)
(1,087,822)
Capital and reserves
Called up share capital
8
10
10
Profit and loss reserves
(1,654,904)
(1,087,832)
Total equity
(1,654,894)
(1,087,822)
SPORADIC GROUP LIMITED
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT
31 AUGUST 2024
31 August 2024
- 2 -

For the financial year ended 31 August 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 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 Companies Act 2006 with respect to accounting records and the preparation of financial statements.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The directors of the company have elected not to include a copy of the income statement within the financial statements.true

The financial statements were approved by the board of directors and authorised for issue on 29 August 2025 and are signed on its behalf by:
Ms Z  Khan
Director
Company registration number 10353453 (England and Wales)
SPORADIC GROUP LIMITED
STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 31 AUGUST 2024
- 3 -
Share capital
Profit and loss reserves
Total
£
£
£
Balance at 1 September 2022
10
(228,783)
(228,773)
Year ended 31 August 2023:
Loss and total comprehensive income
-
(859,049)
(859,049)
Balance at 31 August 2023
10
(1,087,832)
(1,087,822)
Year ended 31 August 2024:
Loss and total comprehensive income
-
(567,072)
(567,072)
Balance at 31 August 2024
10
(1,654,904)
(1,654,894)
SPORADIC GROUP LIMITED
STATEMENT OF CHANGES IN EQUITY (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2024
- 4 -
1
Judgements and key sources of estimation uncertainty

In the application of the company’s accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

 

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

2
Accounting policies
Company information

Sporadic Group Limited is a private company limited by shares incorporated in England and Wales. The registered office is Feya, Unit 4, 6 Marble Arch Place, London, W1H 7EH.

2.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention, [modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value]. The principal accounting policies adopted are set out below.

2.2
Turnover

Revenue comprises sales of goods or services provided to customers net of value added tax and other sales taxes, less an appropriate deduction for actual and expected returns and discounts. Revenue is recognised when performance obligations are satisfied and the control of goods or services is transferred to the buyer. Where the performance obligation is satisfied over time, revenue is recognised in accordance with its progress towards complete satisfaction of that performance obligation.

 

When cash inflows are deferred and represent a financing arrangement, the promised consideration is adjusted for the effects of the time value of money, which is recognised as interest income.

Revenue from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have passed to the buyer (usually on dispatch of the goods), the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the entity and the costs incurred or to be incurred in respect of the transaction can be measured reliably.

2.3
Research and development expenditure

Research expenditure is written off against profits in the year in which it is incurred. Identifiable development expenditure is capitalised to the extent that the technical, commercial and financial feasibility can be demonstrated.

2.4
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

SPORADIC GROUP LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024
2
Accounting policies
(Continued)
- 5 -

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Leasehold buildings
10% reducing balance method
Fixtures and fittings
25% reducing balance method
Computers
25% reducing balance method

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

2.5
Impairment of fixed assets

At each reporting period end date, the company reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any). Where it is not possible to estimate the recoverable amount of an individual asset, the company estimates the recoverable amount of the cash-generating unit to which the asset belongs.

2.6
Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition.

 

Stocks held for distribution at no or nominal consideration are measured at the lower of cost and replacement cost, adjusted where applicable for any loss of service potential.

At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of stocks over its estimated selling price less costs to complete and sell is recognised as an impairment loss in profit or loss. Reversals of impairment losses are also recognised in profit or loss.

2.7
Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

2.8
Financial instruments

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

 

Financial instruments are recognised in the company's statement of financial position when the company becomes party to the contractual provisions of the instrument.

 

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

SPORADIC GROUP LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2024
2
Accounting policies
(Continued)
- 6 -
Classification of financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Basic financial liabilities

Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

 

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

 

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

2.9
Equity instruments

Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

Changes in the fair value of derivatives that are designated and qualify as fair value hedges are recognised in profit or loss immediately, together with any changes in the fair value of the hedged asset or liability that are attributable to the hedged risk.

2.10
Employee benefits

The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets.

 

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

 

Termination benefits are recognised immediately as an expense when the company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

2.11
Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

3
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2024
2023
Number
Number
Total
8
28
SPORADIC GROUP LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2024
- 7 -
4
Tangible fixed assets
Leasehold buildings
Fixtures and fittings
Computers
Total
£
£
£
£
Cost
At 1 September 2023
149,826
677,056
10,128
837,010
Additions
1,271
3,533
-
0
4,804
At 31 August 2024
151,097
680,589
10,128
841,814
Depreciation and impairment
At 1 September 2023
44,362
350,138
6,510
401,010
Depreciation charged in the year
10,673
82,047
904
93,624
At 31 August 2024
55,035
432,185
7,414
494,634
Carrying amount
At 31 August 2024
96,062
248,404
2,714
347,180
At 31 August 2023
105,464
326,918
3,618
436,000
5
Debtors
2024
2023
Amounts falling due within one year:
£
£
Trade debtors
78,000
47,679
Other debtors
627,156
845,292
705,156
892,971
6
Creditors: amounts falling due within one year
2024
2023
£
£
Bank loans and overdrafts
-
0
1,885
Trade creditors
109,599
193,762
Taxation and social security
81,814
69,219
Other creditors
153,606
5,986
Accruals and deferred income
855,260
667,116
1,200,279
937,968
7
Creditors: amounts falling due after more than one year
2024
2023
£
£
Other creditors
1,554,352
1,517,634
SPORADIC GROUP LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2024
- 8 -
8
Called up share capital
2024
2023
2024
2023
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ordinary shares of £1 each
10
10
10
10
10
Directors' transactions

The company owes the directors £1,554,352 (2023: £1,517,634) in the current year.

11
Ultimate controlling party

The directors control the company by virtue of their shareholdings.

2024-08-312023-09-01falsefalsefalse29 August 2025CCH SoftwareCCH Accounts Production 2025.200No description of principal activityMrs A KhademiMs Z Khan103534532023-09-012024-08-31103534532024-08-31103534532023-08-3110353453core:LandBuildingscore:LeasedAssetsHeldAsLessee2024-08-3110353453core:FurnitureFittings2024-08-3110353453core:ComputerEquipment2024-08-3110353453core:LandBuildingscore:LeasedAssetsHeldAsLessee2023-08-3110353453core:FurnitureFittings2023-08-3110353453core:ComputerEquipment2023-08-3110353453core:ShareCapital2024-08-3110353453core:ShareCapital2023-08-3110353453core:RetainedEarningsAccumulatedLosses2024-08-3110353453core:RetainedEarningsAccumulatedLosses2023-08-3110353453core:ShareCapital2022-08-3110353453core:RetainedEarningsAccumulatedLosses2022-08-3110353453core:ShareCapitalOrdinaryShareClass12024-08-3110353453core:ShareCapitalOrdinaryShareClass12023-08-3110353453bus:Director22023-09-012024-08-3110353453core:RetainedEarningsAccumulatedLosses2022-09-012023-08-31103534532022-09-012023-08-3110353453core:RetainedEarningsAccumulatedLosses2023-09-012024-08-3110353453core:LandBuildingscore:LongLeaseholdAssets2023-09-012024-08-3110353453core:FurnitureFittings2023-09-012024-08-3110353453core:ComputerEquipment2023-09-012024-08-3110353453core:LandBuildingscore:LeasedAssetsHeldAsLessee2023-08-3110353453core:FurnitureFittings2023-08-3110353453core:ComputerEquipment2023-08-31103534532023-08-3110353453core:LandBuildingscore:LeasedAssetsHeldAsLessee2023-09-012024-08-3110353453core:CurrentFinancialInstruments2024-08-3110353453core:CurrentFinancialInstruments2023-08-3110353453core:Non-currentFinancialInstruments2024-08-3110353453core:Non-currentFinancialInstruments2023-08-3110353453bus:OrdinaryShareClass12023-09-012024-08-3110353453bus:OrdinaryShareClass12024-08-3110353453bus:OrdinaryShareClass12023-08-3110353453bus:PrivateLimitedCompanyLtd2023-09-012024-08-3110353453bus:SmallCompaniesRegimeForAccounts2023-09-012024-08-3110353453bus:FRS1022023-09-012024-08-3110353453bus:AuditExemptWithAccountantsReport2023-09-012024-08-3110353453bus:Director12023-09-012024-08-3110353453bus:FullAccounts2023-09-012024-08-31xbrli:purexbrli:sharesiso4217:GBP