IRIS Accounts Production v25.2.0.378 09655770 Board of Directors 1.1.24 31.12.24 31.12.24 false true false false true false Ordinary 0.01000 iso4217:GBP iso4217:USD iso4217:EUR xbrli:shares xbrli:pure utr:tonnes utr:kWh 09655770 2023-12-31 09655770 2024-12-31 09655770 2024-01-01 2024-12-31 09655770 2022-12-31 09655770 2023-01-01 2023-12-31 09655770 2023-12-31 09655770 ns15:EnglandWales 2024-01-01 2024-12-31 09655770 ns14:PoundSterling 2024-01-01 2024-12-31 09655770 ns10:Director1 2024-01-01 2024-12-31 09655770 ns10:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 09655770 ns10:SmallEntities 2024-01-01 2024-12-31 09655770 ns10:AuditExempt-NoAccountantsReport 2024-01-01 2024-12-31 09655770 ns10:SmallCompaniesRegimeForDirectorsReport 2024-01-01 2024-12-31 09655770 ns10:SmallCompaniesRegimeForAccounts 2024-01-01 2024-12-31 09655770 ns10:FullAccounts 2024-01-01 2024-12-31 09655770 ns10:OrdinaryShareClass1 2024-01-01 2024-12-31 09655770 ns10:Director3 2024-01-01 2024-12-31 09655770 ns10:Director4 2024-01-01 2024-12-31 09655770 ns10:Director5 2024-01-01 2024-12-31 09655770 ns10:RegisteredOffice 2024-01-01 2024-12-31 09655770 ns5:CurrentFinancialInstruments 2024-12-31 09655770 ns5:CurrentFinancialInstruments 2023-12-31 09655770 ns5:Non-currentFinancialInstruments 2024-12-31 09655770 ns5:Non-currentFinancialInstruments 2023-12-31 09655770 ns5:ShareCapital 2024-12-31 09655770 ns5:ShareCapital 2023-12-31 09655770 ns5:SharePremium 2024-12-31 09655770 ns5:SharePremium 2023-12-31 09655770 ns5:FurtherSpecificReserve1ComponentTotalEquity 2024-12-31 09655770 ns5:FurtherSpecificReserve1ComponentTotalEquity 2023-12-31 09655770 ns5:RetainedEarningsAccumulatedLosses 2024-12-31 09655770 ns5:RetainedEarningsAccumulatedLosses 2023-12-31 09655770 ns5:PlantMachinery 2024-01-01 2024-12-31 09655770 ns5:MotorVehicles 2024-01-01 2024-12-31 09655770 ns5:ComputerEquipment 2024-01-01 2024-12-31 09655770 ns5:PlantMachinery 2023-12-31 09655770 ns5:MotorVehicles 2023-12-31 09655770 ns5:ComputerEquipment 2023-12-31 09655770 ns5:PlantMachinery 2024-12-31 09655770 ns5:MotorVehicles 2024-12-31 09655770 ns5:ComputerEquipment 2024-12-31 09655770 ns5:PlantMachinery 2023-12-31 09655770 ns5:MotorVehicles 2023-12-31 09655770 ns5:ComputerEquipment 2023-12-31 09655770 ns5:WithinOneYear ns5:CurrentFinancialInstruments 2024-12-31 09655770 ns5:WithinOneYear ns5:CurrentFinancialInstruments 2023-12-31 09655770 ns10:OrdinaryShareClass1 2024-12-31

REGISTERED NUMBER: 09655770 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 December 2024

for

SPORTLIGHT TECHNOLOGY LTD

SPORTLIGHT TECHNOLOGY LTD (REGISTERED NUMBER: 09655770) |

Contents of the Financial Statements

for the year ended 31 December 2024

Page |

| Company Information | 1 |

| Balance Sheet | 2 |

| Notes to the Financial Statements | 3 |

| SPORTLIGHT TECHNOLOGY LTD |

Company Information

for the year ended 31 December 2024

| Directors: | H J Kraft

| S A P Loudon

| Dr M P Mellor

| J Chalfin

| Registered office: | Unit E14

| Telford Road

| Bicester

| OX26 4LD

| Registered number: | 09655770 (England and Wales)

| Accountants: | Cooper Parry Advisory Limited

| New Derwent House

| 69-73 Theobalds Road

| London

| WC1X 8TA

SPORTLIGHT TECHNOLOGY LTD (REGISTERED NUMBER: 09655770) |

Balance Sheet

31 December 2024

2024 | 2023 |

| Notes | £ | £ | £ | £

Fixed assets

Tangible assets | 4 | 136,973 |  | 82,093 |  |

Current assets

Debtors | 5 | 530,848 |  | 344,591 |  |

Cash at bank | 460,952 |  | 718,173 |  |

991,800 |  | 1,062,764 |  |

Creditors

Amounts falling due within one year | 6 | 353,705 |  | 100,890 |  |

Net current assets | 638,095 |  | 961,874 |  |

Total assets less current liabilities | 775,068 |  | 1,043,967 |  |

Creditors

Amounts falling due after more than one year | 7 | 361,792 |  | - |  |

Net assets | 413,276 |  | 1,043,967 |  |

Capital and reserves

Called up share capital | 9 | 1,656 |  | 1,469 |  |

Share premium | 8,949,727 |  | 7,528,040 |  |

Other reserves | 417,077 |  | 327,930 |  |

Retained earnings | (8,955,184 | ) | (6,813,472 | ) |

Shareholders' funds | 413,276 |  | 1,043,967 |  |

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a) | ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b) | preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

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

In accordance with Section 444 of the Companies Act 2006, the Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 1 September 2025 and were signed on its behalf by:

J Chalfin - Director

SPORTLIGHT TECHNOLOGY LTD (REGISTERED NUMBER: 09655770) |

Notes to the Financial Statements

for the year ended 31 December 2024

1. | Statutory information

| Sportlight Technology Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

| The presentation currency of the financial statements is the Pound Sterling (£).

2. | Accounting policies

| Basis of preparing the financial statements

| These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

| Going concern

| The financial statements have been prepared on the going concern basis. The company incurred losses during the year, however, the directors believe that the company has sufficient financial resources to be able to meet its obligations, if and when, they become due and that the company can continue in operational existence for a period of at least 12 months from the statement of financial position date. On this basis, the directors are of the opinion that they should continue to adopt the going concern basis in preparing the annual financial statements.

| Key source of estimation, uncertainty and judgement

| The preparation of financial statements in conformity with generally accepted accounting practice requires management to make estimates and judgement that affect the reported amounts of assets and liabilities as well as the disclosure of contingent assets and liabilities at the balance sheet date and the reported amounts of revenues and expenses during the reporting period.

| There is estimation uncertainty in calculating depreciation. A full line by line review of fixed assets is carried out by management regularly. Whilst every attempt is made to ensure that the depreciation policy is as accurate as possible, there remains a risk that the policy does not match the useful life of the assets.

| There is estimation uncertainty in calculating bad debt provisions. A full line by line review of trade debtors is carried out at the end of each month. Whilst every attempt is made to ensure that the bad debt provisions are as accurate as possible, there remains a risk that the provisions do not match the level of debts which ultimately prove to be uncollectable.

| There is estimation uncertainty in accounting for share-based payments. The fair value of share options granted to employees is calculated using the Black-Scholes valuation model. The fair value of the ordinary shares in issue at the date of granting the options is used as an input to the model.

| Turnover

| Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

| Tangible fixed assets

| Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

| Plant and machinery | - | 20% on cost

| Motor vehicles | - | 20% on cost

| Computer equipment | - | 33% on cost

SPORTLIGHT TECHNOLOGY LTD (REGISTERED NUMBER: 09655770) |

Notes to the Financial Statements - continued

for the year ended 31 December 2024

2. | Accounting policies - continued

| Financial instruments

| Financial assets and financial liabilities are recognised in the balance sheet when the company becomes a party to the contractual provisions of the instrument.

| Trade and other debtors and creditors are classified as basic financial instruments and measured at initial recognition at transaction price. Debtors and creditors are subsequently measured at amortised cost using the effective interest rate method. A provision is established when there is objective evidence that the company will not be able to collect all amounts due.

| Cash and cash equivalents are classified as basic financial instruments and comprise cash in hand and at bank and bank overdrafts.

| Financial liabilities and equity instruments issued by the company are classified in accordance with the substance of the contractual arrangements entered into and the definitions of a financial liability and an equity instrument. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Equity instruments issued by the company are recorded at the proceeds received, net of direct issue costs.

| Taxation

| Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

| Current or deferred taxation assets and liabilities are not discounted.

| Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

| Research and development

| Expenditure on research and development is written off in the year in which it is incurred.

| Foreign currencies

| 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 of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

| 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.

| Share based payments

| The company operates an equity-settled compensation plan. The fair value of the services received in exchange for the grant of the options is recognised as an expense in the income statement except when it is considered immaterial to the financial statements. The total amount to be expensed over the vesting period is determined by reference to the fair value of the options granted, excluding the impact of any non-market vesting conditions (for example, profitability and sales growth targets). Non-market vesting conditions are included in assumptions about the number of options that are expected to vest. At each statement of financial position date, the entity revises its estimates of the number of options that are expected to vest. It recognises the impact of the revision to original estimates, if any, in the income statement. The credit entry is taken to reserves because the share options are equity-settled.

3. | Employees and directors

| The average number of employees during the year was 26 (2023 - 24 ) .

SPORTLIGHT TECHNOLOGY LTD (REGISTERED NUMBER: 09655770) |

Notes to the Financial Statements - continued

for the year ended 31 December 2024

4. | Tangible fixed assets

Plant and | Motor | Computer |

machinery | vehicles | equipment | Totals |

| £ | £ | £ | £

| Cost

| At 1 January 2024 | 92,084 |  | 17,289 |  | 35,920 |  | 145,293 |  |

| Additions | 29,057 |  | - |  | 64,339 |  | 93,396 |  |

| At 31 December 2024 | 121,141 |  | 17,289 |  | 100,259 |  | 238,689 |  |

| Depreciation

| At 1 January 2024 | 31,939 |  | 5,864 |  | 25,397 |  | 63,200 |  |

| Charge for year | 21,325 |  | 3,458 |  | 13,733 |  | 38,516 |  |

| At 31 December 2024 | 53,264 |  | 9,322 |  | 39,130 |  | 101,716 |  |

| Net book value

| At 31 December 2024 | 67,877 |  | 7,967 |  | 61,129 |  | 136,973 |  |

| At 31 December 2023 | 60,145 |  | 11,425 |  | 10,523 |  | 82,093 |  |

5. | Debtors: amounts falling due within one year |

2024 | 2023 |

| £ | £

| Trade debtors | 194,876 |  | 27,600 |  |

| Other debtors | 335,972 |  | 316,991 |  |

530,848 |  | 344,591 |  |

6. | Creditors: amounts falling due within one year |

2024 | 2023 |

| £ | £

| Trade creditors | 54,232 |  | 2,516 |  |

| Taxation and social security | 46,742 |  | 50,807 |  |

| Other creditors | 252,731 |  | 47,567 |  |

353,705 |  | 100,890 |  |

7. | Creditors: amounts falling due after more than one year |

2024 | 2023 |

| £ | £

| Other creditors | 361,792 |  | - |  |

8. | Leasing agreements

| Minimum lease payments under non-cancellable operating leases fall due as follows:

| Within one year : £nil (2023: £21,000)

9. | Called up share capital

| Allotted, issued and fully paid:

| Number: | Class: | Nominal | 2024 | 2023 |

value: |  | £ | £

| 165,587 | Ordinary | £0.01 | 1,656 |  | 1,469 |  |

| During the year, the company issued 18,654 new shares with nominal value at £0.01.

SPORTLIGHT TECHNOLOGY LTD (REGISTERED NUMBER: 09655770) |

Notes to the Financial Statements - continued

for the year ended 31 December 2024

10. | Share-based payment transactions

| The company operates an EMI qualifying share option scheme and during the year the company granted nil (2023: 2,600) EMI qualifying share options to employees at an average weighted exercise price of £20.02 per share (2023: £20.02). At the statement of financial position date, 22,449 share options vested (2023: 19,316). 320 share options had lapsed (2023: nil) and 200 (2023: nil) had been exercised. An amount of £89,147 (2023: 41,145) has been charged to the income statement in respect of the EMI qualifying share options. The share options vest over a period ranging from 23 to 48 months from the date of grant and are exercisable over the company's Ordinary shares.