Sportable Technologies Ltd

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—6

Registered number: 09044327

		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Intangible Assets	4		633,732		759,601
Tangible Assets	5		380,722		334,211
Investments	6		1,469,781		145,425

			2,484,235		1,239,237
CURRENT ASSETS
Stocks	7	2,107,831		1,089,688
Debtors	8	4,631,948		2,536,666
Cash at bank and in hand		647,755		748,270

		7,387,534		4,374,624
Creditors: Amounts Falling Due Within One Year	9	(2,343,901 )		(1,164,372 )

NET CURRENT ASSETS (LIABILITIES)			5,043,633		3,210,252

TOTAL ASSETS LESS CURRENT LIABILITIES			7,527,868		4,449,489

Creditors: Amounts Falling Due After More Than One Year	10		(2,147,826 )		1,324,356

NET ASSETS			5,380,042		5,773,845

CAPITAL AND RESERVES
Called up share capital	11		73,190		60,245
Share premium account			29,201,367		22,249,568
Profit and Loss Account			(23,894,515 )		(16,535,968 )

SHAREHOLDERS' FUNDS			5,380,042		5,773,845

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Sportable Technologies Ltd

Balance Sheet (continued)

As At 31 May 2025

For the year ending 31 May 2025 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 Dugald Macdonald

Director

12/12/2025

The notes on pages 3 to 6 form part of these financial statements.

1. General Information

Sportable Technologies Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 09044327 . The registered office is The Cube Building, Unit C,, 17-21 Wenlock Road, London, Greater London, N1 7GT.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements are prepared under the historical cost convention and in accordance with the FRS 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 software development and patent costs which are amortised to profit and loss account over its

estimated economic life of five 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	Straight Line 20% pa
Plant & Machinery	Straight Line 33% pa
Fixtures & Fittings	Straight Line 33% pa
Computer Equipment	Straight Line 33% pa

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. Taxation

The charge for taxation takes into account taxation deferred as a result of timing differences between the treatment of certain items for taxation and accounting purposes. In general, deferred taxation is recognised in respect of timing differences that have originated but not reversed at the balance sheet date. However, deferred tax assets are recognised only to the extent that the directors consider that it is more likely than not that there will be suitable taxable profits from which the future reversal of the underlying timing differences can be deducted. Deferred taxation is measured on a nondiscounted basis at the tax rates that are expected to apply in periods in which the timing differences reverse, based on tax rates and the law enacted or substantively enacted at the balance sheet date.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 68 (2024: 68)

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Sportable Technologies Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 May 2025

4. Intangible Assets

	Other
	£
Cost
As at 1 June 2024	1,819,529
Additions	190,631

As at 31 May 2025	2,010,160

Amortisation
As at 1 June 2024	1,059,928
Provided during the period	316,500

As at 31 May 2025	1,376,428

Net Book Value
As at 31 May 2025	633,732

As at 1 June 2024	759,601

5. Tangible Assets

	Land & Property
	Leasehold	Plant & Machinery	Fixtures & Fittings	Computer Equipment	Total
	£	£	£	£	£
Cost
As at 1 June 2024	10,816	368,843	25,552	113,508	518,719
Additions	-	185,412	27,523	43,621	256,556
Disposals	(10,816 )	-	-	-	(10,816 )

As at 31 May 2025	-	554,255	53,075	157,129	764,459

Depreciation
As at 1 June 2024	10,816	114,593	10,713	48,386	184,508
Provided during the period	-	172,637	5,454	31,954	210,045
Disposals	(10,816 )	-	-	-	(10,816 )

As at 31 May 2025	-	287,230	16,167	80,340	383,737

Net Book Value
As at 31 May 2025	-	267,025	36,908	76,789	380,722

As at 1 June 2024	-	254,250	14,839	65,122	334,211

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Sportable Technologies Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 May 2025

6. Investments

	Unlisted
	£
Cost or Valuation
As at 1 June 2024	145,425
Additions	1,324,356

As at 31 May 2025	1,469,781

Provision
As at 1 June 2024	-

As at 31 May 2025	-

Net Book Value
As at 31 May 2025	1,469,781

As at 1 June 2024	145,425

7. Stocks

	2025	2024
	£	£
Stock	2,107,831	1,089,688

8. Debtors

	2025	2024
	£	£
Due within one year
Trade debtors	186,460	8,076
Prepayments and accrued income	4,759	230,038
Other debtors	135,735	87,594
Corporation tax recoverable assets	1,140,818	1,037,030
VAT	161,949	243,941
Amounts owed by subsidiaries	-	929,987

	1,629,721	2,536,666
Due after more than one year
Amounts owed by subsidiaries	3,002,227	-

	4,631,948	2,536,666

9. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Trade creditors	856,201	478,212
Other taxes and social security	779,547	246,977
Other creditors	62,224	57,176
Subscriptions for shares not yet issued	-	34,379
Accruals and deferred income	469,443	154,944
Directors' loan accounts	176,486	192,684

	2,343,901	1,164,372

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Sportable Technologies Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 May 2025

10. Creditors: Amounts Falling Due After More Than One Year

	2025	2024
	£	£
Other loans	2,147,826	(1,324,356 )

11. Share Capital

	2025	2024
	£	£
Allotted, Called up and fully paid	73,190	60,245

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