Acorah Software Products - Accounts Production 16.8.200 false true 31 December 2023 1 January 2023 false 1 January 2024 31 December 2024 31 December 2024 09172243 Michael Pask Kimmo Ekroth Christopher Gammon Syan Soh Compton Hellyer Euan Gillon Arto Joensuu iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 09172243 2023-12-31 09172243 2024-12-31 09172243 2024-01-01 2024-12-31 09172243 frs-core:Non-currentFinancialInstruments 2024-12-31 09172243 frs-core:ComputerEquipment 2024-01-01 2024-12-31 09172243 frs-core:FurnitureFittings 2024-01-01 2024-12-31 09172243 frs-core:PlantMachinery 2024-01-01 2024-12-31 09172243 frs-core:SharePremium 2024-12-31 09172243 frs-core:ShareCapital 2024-12-31 09172243 frs-core:RetainedEarningsAccumulatedLosses 2024-12-31 09172243 frs-bus:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 09172243 frs-bus:AbridgedAccounts 2024-01-01 2024-12-31 09172243 frs-bus:SmallEntities 2024-01-01 2024-12-31 09172243 frs-bus:AuditExempt-NoAccountantsReport 2024-01-01 2024-12-31 09172243 frs-bus:SmallCompaniesRegimeForAccounts 2024-01-01 2024-12-31 09172243 frs-core:CostValuation 2023-12-31 09172243 frs-core:DisposalsRepaymentsInvestments 2024-12-31 09172243 frs-core:CostValuation 2024-12-31 09172243 frs-bus:Director1 2024-01-01 2024-12-31 09172243 frs-bus:Director2 2024-01-01 2024-12-31 09172243 frs-bus:Director3 2024-01-01 2024-12-31 09172243 frs-bus:Director4 2024-01-01 2024-12-31 09172243 frs-bus:Director5 2024-01-01 2024-12-31 09172243 frs-bus:Director6 2024-01-01 2024-12-31 09172243 frs-bus:Director7 2024-01-01 2024-12-31 09172243 frs-countries:EnglandWales 2024-01-01 2024-12-31 09172243 2022-12-31 09172243 2023-12-31 09172243 2023-01-01 2023-12-31 09172243 frs-core:Non-currentFinancialInstruments 2023-12-31 09172243 frs-core:SharePremium 2023-12-31 09172243 frs-core:ShareCapital 2023-12-31 09172243 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31
Registered number: 09172243
Sports Travel Group Limited
Unaudited ABRIDGED Financial Statements
For The Year Ended 31 December 2024
Contents
Page
Abridged Balance Sheet 1—2
Notes to the Abridged Financial Statements 3—4
Page 1
Abridged Balance Sheet
Registered number: 09172243
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 27,342 4,583
Investments 5 102 129
27,444 4,712
CURRENT ASSETS
Debtors 4,303,101 2,734,783
Cash at bank and in hand 1,205,484 489,718
5,508,585 3,224,501
Creditors: Amounts Falling Due Within One Year (3,477,853 ) (2,538,902 )
NET CURRENT ASSETS (LIABILITIES) 2,030,732 685,599
TOTAL ASSETS LESS CURRENT LIABILITIES 2,058,176 690,311
Creditors: Amounts Falling Due After More Than One Year (120,117 ) (69,274 )
NET ASSETS 1,938,059 621,037
CAPITAL AND RESERVES
Called up share capital 6 30 26
Share premium account 3,511,713 1,406,618
Profit and Loss Account (1,573,684 ) (785,607 )
SHAREHOLDERS' FUNDS 1,938,059 621,037
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.
All of the company's members have consented to the preparation of an Abridged Profit and Loss Account and an Abridged Balance Sheet for the year end 31 December 2024 in accordance with section 444(2A) of the Companies Act 2006.
On behalf of the board
Euan Gillon
Director
31/12/2025
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Abridged Financial Statements
1. General Information
Sports Travel Group Limited is a private company, limited by shares, incorporated in England & Wales, registered number 09172243 . The registered office is 642 Kings Road, London, England, SW6 2DU.
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:
Plant & Machinery 25% straight line
Fixtures & Fittings 25% straight line
Computer Equipment 25% straight line
2.4. 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: 20 (2023: 15)
20 15
4. Tangible Assets
Total
£
Cost
As at 1 January 2024 14,101
Additions 26,779
As at 31 December 2024 40,880
Depreciation
As at 1 January 2024 9,518
Provided during the period 4,020
As at 31 December 2024 13,538
...CONTINUED
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Page 4
Net Book Value
As at 31 December 2024 27,342
As at 1 January 2024 4,583
5. Investments
Total
£
Cost
As at 1 January 2024 129
Disposals (27 )
As at 31 December 2024 102
Provision
As at 1 January 2024 -
As at 31 December 2024 -
Net Book Value
As at 31 December 2024 102
As at 1 January 2024 129
6. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 30 26
7. Directors Advances, Credits and Guarantees
At the balance sheet date a director owed the company £31,229 (2023: 3,495). The maximum balance outstanding in the year was £31,229. The balance is being repaid after the year end.
The above loan is unsecured, interest free and repayable on demand.
8. Related Party Transactions
During the year, the company advanced funds to, and received funds from, group undertakings by way of inter-company loans. These loans are unsecured, interest-free and repayable on demand.
At 31 December 2024, the following inter-company loan balances were outstanding:
  • Sports Travel Nordic Limited: £898,885 (2023: £434,698) due to the company.
  • Sports Travel Technologies Pte. Limited: £593,852 (2023: £63,662) due to the company.
  • Sports Travel Services Limited: £9,518 (2023: £9,014) due to the related party.
No guarantees were given or received in respect of the above balances and no impairment provision has been recognised.
Page 4