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Company Registration No. 05975461 (England and Wales)
The Football Paper Ltd Unaudited accounts for the year ended 29 March 2023
The Football Paper Ltd Unaudited accounts Contents
Page
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The Football Paper Ltd Company Information for the year ended 29 March 2023
Directors
Mrs S Hurse Mr M D Emery Mr S J Emery
Secretary
Mrs S A Hurse
Company Number
05975461 (England and Wales)
Registered Office
Albany House Claremont Lane Esher Surrey KT10 9FQ United Kingdom
Accountants
Wellden Turnbull Limited Albany House Claremont Lane Esher Surrey KT10 9FQ
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The Football Paper Ltd Statement of financial position as at 29 March 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
3,879 
5,181 
Current assets
Debtors
1,130,449 
1,162,185 
Cash at bank and in hand
1,434 
18,520 
1,131,883 
1,180,705 
Creditors: amounts falling due within one year
(464,971)
(438,167)
Net current assets
666,912 
742,538 
Total assets less current liabilities
670,791 
747,719 
Creditors: amounts falling due after more than one year
(30,722)
(38,889)
Net assets
640,069 
708,830 
Capital and reserves
Called up share capital
1 
1 
Profit and loss account
640,068 
708,829 
Shareholders' funds
640,069 
708,830 
For the year ending 29 March 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 1 August 2024 and were signed on its behalf by
Mr S J Emery Director Company Registration No. 05975461
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The Football Paper Ltd Notes to the Accounts for the year ended 29 March 2023
1
Statutory information
The Football Paper Ltd is a private company, limited by shares, registered in England and Wales, registration number 05975461. The registered office is Albany House, Claremont Lane, Esher, Surrey, KT10 9FQ, United Kingdom.
2
Compliance with accounting standards
These financial statements were prepared in accordance with FRS 102 Section 1A Small Entities. There were no material departures from the standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.
Revenue recognition
Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company's activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts. The company recognises revenue when: The amount of revenue can be reliably measured; it is probable that future economic benefits will flow to the entity; and specific criteria have been met for each of the company's activities.
Tax
The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income. The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.
Tangible fixed assets
Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses. The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation. Depreciation Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows
Fixtures & fittings
20% Straight line
Computer equipment
20% Straight line
Cash and cash equivalents
Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.
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The Football Paper Ltd Notes to the Accounts for the year ended 29 March 2023
Trade debtors
Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business. Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.
Trade creditors
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities. Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.
Defined contribution pension obligation
A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods. Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.
Government grants
Government grants in relation to expenditure are credited when the expenditure is charged to profit and loss.
4
Tangible fixed assets
Computer equipment 
£ 
Cost or valuation
At cost 
At 30 March 2022
11,224 
At 29 March 2023
11,224 
Depreciation
At 30 March 2022
6,043 
Charge for the year
1,302 
At 29 March 2023
7,345 
Net book value
At 29 March 2023
3,879 
At 29 March 2022
5,181 
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The Football Paper Ltd Notes to the Accounts for the year ended 29 March 2023
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
172,451 
177,991 
Accrued income and prepayments
4,020 
12,350 
Other debtors
953,978 
971,844 
1,130,449 
1,162,185 
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Bank loans and overdrafts
22,904 
8,333 
Trade creditors
3,486 
226,024 
Taxes and social security
96,266 
105,383 
Other creditors
326,182 
95,602 
Accruals
2,825 
2,825 
Deferred income
13,308 
- 
464,971 
438,167 
7
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
30,722 
38,889 
8
Share capital
2023 
2022 
£ 
£ 
Allotted, called up and fully paid:
1 Ordinary shares of £1 each
1 
1 
9
Operating lease commitments
2023 
2022 
£ 
£ 
At 29 March 2023 the company had the following future minimum lease payments under non-cancellable operating leases for each of the following periods:
Not later than one year
52,205 
52,205 
Later than one year and not later than five years
16,520 
68,725 
68,725 
120,930 
10
Loans to directors
At the year end, the director owed the Company £178,137 (2022 - £168,383). This balance is attracting interest at the official HMRC rate and is repayable on demand.
11
Average number of employees
During the year the average number of employees was 14 (2022: 16).
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