Acorah Software Products - Accounts Production 16.5.460 false true 31 December 2023 1 January 2023 false 1 January 2024 31 December 2024 31 December 2024 01018777 Mr Salvatore Amodeo Mr Christian Amodeo Mr Christian Amodeo Mr Alexander Amodeo iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 01018777 2023-12-31 01018777 2024-12-31 01018777 2024-01-01 2024-12-31 01018777 frs-core:CurrentFinancialInstruments 2024-12-31 01018777 frs-core:Non-currentFinancialInstruments 2024-12-31 01018777 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2024-12-31 01018777 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2024-01-01 2024-12-31 01018777 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-12-31 01018777 frs-core:MotorVehicles 2024-12-31 01018777 frs-core:MotorVehicles 2024-01-01 2024-12-31 01018777 frs-core:MotorVehicles 2023-12-31 01018777 frs-core:PlantMachinery 2024-12-31 01018777 frs-core:PlantMachinery 2024-01-01 2024-12-31 01018777 frs-core:PlantMachinery 2023-12-31 01018777 frs-core:RevaluationReserve 2024-01-01 2024-12-31 01018777 frs-core:RevaluationReserve 2023-12-31 01018777 frs-core:RevaluationReserve 2024-12-31 01018777 frs-core:ShareCapital 2024-12-31 01018777 frs-core:RetainedEarningsAccumulatedLosses 2024-12-31 01018777 frs-bus:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 01018777 frs-bus:FilletedAccounts 2024-01-01 2024-12-31 01018777 frs-bus:SmallEntities 2024-01-01 2024-12-31 01018777 frs-bus:AuditExempt-NoAccountantsReport 2024-01-01 2024-12-31 01018777 frs-bus:SmallCompaniesRegimeForAccounts 2024-01-01 2024-12-31 01018777 frs-bus:Director1 2024-01-01 2024-12-31 01018777 frs-bus:Director2 2024-01-01 2024-12-31 01018777 frs-bus:CompanySecretary1 2024-01-01 2024-12-31 01018777 frs-bus:CompanySecretary2 2024-01-01 2024-12-31 01018777 frs-countries:EnglandWales 2024-01-01 2024-12-31 01018777 2022-12-31 01018777 2023-12-31 01018777 2023-01-01 2023-12-31 01018777 frs-core:CurrentFinancialInstruments 2023-12-31 01018777 frs-core:Non-currentFinancialInstruments 2023-12-31 01018777 frs-core:RevaluationReserve 2023-12-31 01018777 frs-core:ShareCapital 2023-12-31 01018777 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31
Registered number: 01018777
Pubsports 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: 01018777
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 1,755,854 1,520,412
1,755,854 1,520,412
CURRENT ASSETS
Stocks 5 1,230 -
Debtors 6 12,664 48,356
Cash at bank and in hand 68 1,099
13,962 49,455
Creditors: Amounts Falling Due Within One Year 7 (36,931 ) (17,954 )
NET CURRENT ASSETS (LIABILITIES) (22,969 ) 31,501
TOTAL ASSETS LESS CURRENT LIABILITIES 1,732,885 1,551,913
Creditors: Amounts Falling Due After More Than One Year 8 (711,286 ) (719,168 )
NET ASSETS 1,021,599 832,745
CAPITAL AND RESERVES
Called up share capital 9 30,000 30,000
Revaluation reserve 10 717,140 511,521
Profit and Loss Account 274,459 291,224
SHAREHOLDERS' FUNDS 1,021,599 832,745
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 Salvatore Amodeo
Director
26/09/2025
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
Pubsports Limited is a private company, limited by shares, incorporated in England & Wales, registered number 01018777 . The registered office is 51a Wellfield Road, Cardiff, CF24 3PA.
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:
Freehold not depreciated
Plant & Machinery 20% reducing balance
Motor Vehicles 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: 2 (2023: 2)
2 2
4. Tangible Assets
Land & Property
Freehold Plant & Machinery Motor Vehicles Total
£ £ £ £
Cost or Valuation
As at 1 January 2024 1,520,000 45,190 16,142 1,581,332
Additions 29,906 - - 29,906
Revaluation 205,619 - - 205,619
As at 31 December 2024 1,755,525 45,190 16,142 1,816,857
...CONTINUED
Page 3
Page 4
Depreciation
As at 1 January 2024 - 44,787 16,133 60,920
Provided during the period - 81 2 83
As at 31 December 2024 - 44,868 16,135 61,003
Net Book Value
As at 31 December 2024 1,755,525 322 7 1,755,854
As at 1 January 2024 1,520,000 403 9 1,520,412
5. Stocks
2024 2023
£ £
Work in progress 1,230 -
6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 599 224
Amounts owed by associates 12,065 48,132
12,664 48,356
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 16,389 54
Bank loans and overdrafts 15,408 15,333
Other taxes and social security 1,230 1,512
Accruals and deferred income 1,020 1,020
Directors' loan accounts 2,884 35
36,931 17,954
8. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 711,286 719,168
9. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 30,000 30,000
Page 4
Page 5
10. Reserves
Revaluation Reserve
£
As at 1 January 2024 511,521
Surplus on revaluation 205,619
As at 31 December 2024 717,140
Page 5