Acorah Software Products - Accounts Production 15.0.500 false true 31 October 2022 1 November 2021 false 1 November 2022 31 October 2023 31 October 2023 04845049 Mr Ian Greenfield Mr Jasbinder Dhanda Mrs Janet Greenfield iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 04845049 2022-10-31 04845049 2023-10-31 04845049 2022-11-01 2023-10-31 04845049 frs-core:CurrentFinancialInstruments 2023-10-31 04845049 frs-core:Non-currentFinancialInstruments 2023-10-31 04845049 frs-core:NetGoodwill 2023-10-31 04845049 frs-core:NetGoodwill 2022-11-01 2023-10-31 04845049 frs-core:NetGoodwill 2022-10-31 04845049 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-10-31 04845049 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2022-11-01 2023-10-31 04845049 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2022-10-31 04845049 frs-core:PlantMachinery 2023-10-31 04845049 frs-core:PlantMachinery 2022-11-01 2023-10-31 04845049 frs-core:PlantMachinery 2022-10-31 04845049 frs-core:ShareCapital 2023-10-31 04845049 frs-core:RetainedEarningsAccumulatedLosses 2023-10-31 04845049 frs-bus:PrivateLimitedCompanyLtd 2022-11-01 2023-10-31 04845049 frs-bus:FilletedAccounts 2022-11-01 2023-10-31 04845049 frs-bus:SmallEntities 2022-11-01 2023-10-31 04845049 frs-bus:AuditExempt-NoAccountantsReport 2022-11-01 2023-10-31 04845049 frs-bus:SmallCompaniesRegimeForAccounts 2022-11-01 2023-10-31 04845049 frs-bus:Director1 2022-11-01 2023-10-31 04845049 frs-bus:Director2 2022-11-01 2023-10-31 04845049 frs-bus:CompanySecretary1 2022-11-01 2023-10-31 04845049 frs-core:CurrentFinancialInstruments 1 2023-10-31 04845049 frs-countries:EnglandWales 2022-11-01 2023-10-31 04845049 2021-10-31 04845049 2022-10-31 04845049 2021-11-01 2022-10-31 04845049 frs-core:CurrentFinancialInstruments 2022-10-31 04845049 frs-core:Non-currentFinancialInstruments 2022-10-31 04845049 frs-core:ShareCapital 2022-10-31 04845049 frs-core:RetainedEarningsAccumulatedLosses 2022-10-31 04845049 frs-core:CurrentFinancialInstruments 1 2022-10-31
Registered number: 04845049
Soccer Direct FC LTD
Unaudited Financial Statements
For The Year Ended 31 October 2023
NKP Accountants
Kings House
St. Johns Square
Wolverhampton
West Midlands
WV2 4DT
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 04845049
2023 2022
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 581 1,356
Tangible Assets 5 172,728 177,545
173,309 178,901
CURRENT ASSETS
Stocks 6 110,000 129,000
Debtors 7 4,206 520
Cash at bank and in hand 51,224 88,306
165,430 217,826
Creditors: Amounts Falling Due Within One Year 8 (162,044 ) (98,082 )
NET CURRENT ASSETS (LIABILITIES) 3,386 119,744
TOTAL ASSETS LESS CURRENT LIABILITIES 176,695 298,645
Creditors: Amounts Falling Due After More Than One Year 9 (25,833 ) (143,061 )
NET ASSETS 150,862 155,584
CAPITAL AND RESERVES
Called up share capital 10 100 100
Profit and Loss Account 150,762 155,484
SHAREHOLDERS' FUNDS 150,862 155,584
Page 1
Page 2
For the year ending 31 October 2023 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 Ian Greenfield
Director
31/07/2024
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
Soccer Direct FC LTD is a private company, limited by shares, incorporated in England & Wales, registered number 04845049 . The registered office is Unit 8 Amphion Court, Hale Trading Estate, Lower Church Lane, Tipton, DY4 7HN.
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. Intangible Fixed Assets and Amortisation - Goodwill
Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is amortised to profit and loss account over its estimated economic life of .... 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:
Freehold 2% straight line
Plant & Machinery 25% straight line
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.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 7 (2022: 7)
7 7
4. Intangible Assets
Goodwill
£
Cost
As at 1 November 2022 15,500
As at 31 October 2023 15,500
...CONTINUED
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Amortisation
As at 1 November 2022 14,144
Provided during the period 775
As at 31 October 2023 14,919
Net Book Value
As at 31 October 2023 581
As at 1 November 2022 1,356
5. Tangible Assets
Land & Property
Freehold Plant & Machinery Total
£ £ £
Cost
As at 1 November 2022 177,000 37,859 214,859
As at 31 October 2023 177,000 37,859 214,859
Depreciation
As at 1 November 2022 8,480 28,834 37,314
Provided during the period 2,120 2,697 4,817
As at 31 October 2023 10,600 31,531 42,131
Net Book Value
As at 31 October 2023 166,400 6,328 172,728
As at 1 November 2022 168,520 9,025 177,545
6. Stocks
2023 2022
£ £
Finished goods 110,000 129,000
7. Debtors
2023 2022
£ £
Due within one year
Trade debtors 4,206 520
Page 4
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8. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Trade creditors 39,017 10,296
Other taxes and social security 1,083 2,141
VAT 4,266 5,273
Other creditors 22,507 8,490
Pension contributions 349 406
Accruals and deferred income 6,563 14,177
Directors' loan accounts 88,259 57,299
162,044 98,082
9. Creditors: Amounts Falling Due After More Than One Year
2023 2022
£ £
Bank loans 25,833 143,061
10. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 100 100
11. Dividends
2023 2022
£ £
On equity shares:
Final dividend paid 2,000 2,000
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