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REGISTERED NUMBER: 08344378 (England and Wales)






















Unaudited Financial Statements

for the Year Ended 31 December 2023

for

Fanfinders Ltd

Fanfinders Ltd (Registered number: 08344378)






Contents of the Financial Statements
for the year ended 31 December 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Fanfinders Ltd

Company Information
for the year ended 31 December 2023







DIRECTORS: A S Dobbie
A J Gillett
R Marsh
N A Stephenson





REGISTERED OFFICE: The Leeming Building
Ludgate Hill
Leeds
LS2 7HZ





REGISTERED NUMBER: 08344378 (England and Wales)





ACCOUNTANTS: Bennett Brooks & Co Ltd
Chartered Accountants
Suite 1, First Floor
Coachworks Arcade
Northgate Street
Chester
Cheshire
CH1 2EY

Fanfinders Ltd (Registered number: 08344378)

Balance Sheet
31 December 2023

2023 2022
Notes £ £
FIXED ASSETS
Intangible assets 4 622,715 533,530
Tangible assets 5 28,576 24,669
651,291 558,199

CURRENT ASSETS
Stocks 2,070 13,568
Debtors 6 1,760,823 1,114,374
Cash at bank 230,664 533,176
1,993,557 1,661,118
CREDITORS
Amounts falling due within one year 7 (1,592,031 ) (1,366,265 )
NET CURRENT ASSETS 401,526 294,853
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,052,817

853,052

CREDITORS
Amounts falling due after more than one year 8 (327,620 ) (476,464 )

PROVISIONS FOR LIABILITIES - (4,000 )
NET ASSETS 725,197 372,588

CAPITAL AND RESERVES
Called up share capital 30 30
Retained earnings 725,167 372,558
725,197 372,588

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

Fanfinders Ltd (Registered number: 08344378)

Balance Sheet - continued
31 December 2023


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 1 November 2024 and were signed on its behalf by:





A S Dobbie - Director


Fanfinders Ltd (Registered number: 08344378)

Notes to the Financial Statements
for the year ended 31 December 2023

1. STATUTORY INFORMATION

Fanfinders Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Intangible assets
Intangible assets are stated at cost less amortisation and are reviewed for impairment whenever there is an indication that the carrying value may be impaired.

Intangible assets comprise website and web platform development costs. Such assets are defined as having finite useful lives and the costs are amortised on a straight line basis over their useful lives.

Amortisation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following basis:

Website development over 2 years
Web platform development over 5 years

Tangible fixed assets
Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following basis:

Fixtures and fittings over 5 years
Computer equipment over 3 years

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.


Fanfinders Ltd (Registered number: 08344378)

Notes to the Financial Statements - continued
for the year ended 31 December 2023

2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Research and development
Research expenditure is written off against profits in the year in which it is incurred. Identifiable development expenditure is capitalised to the extent that the technical, commercial and financial feasibility can be demonstrated.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 24 (2022 - 24 ) .

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£
COST
At 1 January 2023 1,094,376
Additions 323,504
At 31 December 2023 1,417,880
AMORTISATION
At 1 January 2023 560,846
Charge for year 234,319
At 31 December 2023 795,165
NET BOOK VALUE
At 31 December 2023 622,715
At 31 December 2022 533,530

Fanfinders Ltd (Registered number: 08344378)

Notes to the Financial Statements - continued
for the year ended 31 December 2023

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£
COST
At 1 January 2023 82,864
Additions 22,076
At 31 December 2023 104,940
DEPRECIATION
At 1 January 2023 58,195
Charge for year 18,169
At 31 December 2023 76,364
NET BOOK VALUE
At 31 December 2023 28,576
At 31 December 2022 24,669

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£ £
Trade debtors 819,803 409,190
Amounts owed by group undertakings 682,271 377,875
Other debtors 37,376 22,964
Corporation tax debtor 55,414 118,539
Directors' loan accounts 8 -
Prepayments and accrued income 165,951 185,806
1,760,823 1,114,374

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£ £
Bank loans and overdrafts 177,612 132,410
Trade creditors 396,193 305,780
Taxation and social security 163,180 99,033
Other creditors 11,881 2,077
Other creditors - Factoring 318,798 344,509
Directors' loan accounts 300 -
Accruals 524,067 482,456
1,592,031 1,366,265

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£ £
Bank loans 327,620 476,464

Fanfinders Ltd (Registered number: 08344378)

Notes to the Financial Statements - continued
for the year ended 31 December 2023

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 December 2023 and 31 December 2022:

2023 2022
£ £
A S Dobbie
Balance outstanding at start of year - -
Amounts advanced 8 -
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 8 -

A J Gillett
Balance outstanding at start of year - -
Amounts advanced 3,500 -
Amounts repaid (3,800 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (300 ) -

The above advances are unsecured, interest free and repayble on demand.

10. PARENT COMPANY

The parent company of FanFinders Ltd is FanFinders Holdings Ltd and its registered office is 55 The Grove, Baildon, Shipley, West Yorkshire, BD17 5ND.