P.F.S. Football Media Ltd 04762385 false 2023-06-01 2024-05-31 2024-05-31 The principal activity of the company is that of sports journalism. Digita Accounts Production Advanced 6.30.9574.0 true 04762385 2023-06-01 2024-05-31 04762385 2024-05-31 04762385 core:RetainedEarningsAccumulatedLosses 2024-05-31 04762385 core:ShareCapital 2024-05-31 04762385 core:CurrentFinancialInstruments core:WithinOneYear 2024-05-31 04762385 core:FurnitureFittingsToolsEquipment 2024-05-31 04762385 core:OtherPropertyPlantEquipment 2024-05-31 04762385 bus:SmallEntities 2023-06-01 2024-05-31 04762385 bus:AuditExemptWithAccountantsReport 2023-06-01 2024-05-31 04762385 bus:FullAccounts 2023-06-01 2024-05-31 04762385 bus:SmallCompaniesRegimeForAccounts 2023-06-01 2024-05-31 04762385 bus:RegisteredOffice 2023-06-01 2024-05-31 04762385 bus:Director1 2023-06-01 2024-05-31 04762385 bus:PrivateLimitedCompanyLtd 2023-06-01 2024-05-31 04762385 core:FurnitureFittingsToolsEquipment 2023-06-01 2024-05-31 04762385 core:OtherPropertyPlantEquipment 2023-06-01 2024-05-31 04762385 core:PlantMachinery 2023-06-01 2024-05-31 04762385 countries:EnglandWales 2023-06-01 2024-05-31 04762385 2023-05-31 04762385 core:FurnitureFittingsToolsEquipment 2023-05-31 04762385 core:OtherPropertyPlantEquipment 2023-05-31 04762385 2022-06-01 2023-05-31 04762385 2023-05-31 04762385 core:RetainedEarningsAccumulatedLosses 2023-05-31 04762385 core:ShareCapital 2023-05-31 04762385 core:CurrentFinancialInstruments core:WithinOneYear 2023-05-31 04762385 core:FurnitureFittingsToolsEquipment 2023-05-31 04762385 core:OtherPropertyPlantEquipment 2023-05-31 iso4217:GBP xbrli:pure

Registration number: 04762385

P.F.S. Football Media Ltd

Annual Report and Unaudited Financial Statements

for the Year Ended 31 May 2024

 

P.F.S. Football Media Ltd

Contents

Balance Sheet

1

Notes to the Unaudited Financial Statements

2 to 4

 

P.F.S. Football Media Ltd

(Registration number: 04762385)
Balance Sheet as at 31 May 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

775

936

Current assets

 

Cash at bank and in hand

 

15,199

12,770

Creditors: Amounts falling due within one year

5

(6,904)

(2,184)

Net current assets

 

8,295

10,586

Net assets

 

9,070

11,522

Capital and reserves

 

Called up share capital

2

2

Retained earnings

9,068

11,520

Shareholders' funds

 

9,070

11,522

For the financial year ending 31 May 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Profit and Loss Account has been taken.

Approved and authorised by the Board on 3 September 2024 and signed on its behalf by:
 

.........................................
P F Smith
Director

 

P.F.S. Football Media Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 May 2024

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
4 Berkeley Drive
Read
BURNLEY
Lancashire
BB12 7QG
England

These financial statements were authorised for issue by the Board on 3 September 2024.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

Basis of preparation

These financial statements have been prepared in sterling (£) 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.

Tangible assets

Tangible assets are stated in the balance sheet 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:

 

P.F.S. Football Media Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 May 2024

Asset class

Depreciation method and rate

Furniture, fitting and equipment

25% reducing balance

Other property, plant and equipment

25% reducing balance

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.

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.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 2 (2023 - 2).

 

P.F.S. Football Media Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 May 2024

4

Tangible assets

Furniture, fittings and equipment
 £

Other tangible assets
£

Total
£

Cost or valuation

At 1 June 2023

3,064

5,945

9,009

At 31 May 2024

3,064

5,945

9,009

Depreciation

At 1 June 2023

2,578

5,495

8,073

Charge for the year

49

112

161

At 31 May 2024

2,627

5,607

8,234

Carrying amount

At 31 May 2024

437

338

775

At 31 May 2023

486

450

936

5

Creditors

Creditors: amounts falling due within one year

2024
£

2023
£

Due within one year

Accruals and deferred income

1,060

1,060

Other creditors

5,844

1,124

6,904

2,184