Registered number
05423463
Football First Agency Limited
Filleted Accounts
25 December 2023
Football First Agency Limited
Registered number: 05423463
Balance Sheet
as at 25 December 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 467 903
Investments 4 292,150 292,150
292,617 293,053
Current assets
Debtors 5 668 153,672
Cash at bank and in hand 56,464 18,973
57,132 172,645
Creditors: amounts falling due within one year 6 (296,449) (380,241)
Net current liabilities (239,317) (207,596)
Total assets less current liabilities 53,300 85,457
Creditors: amounts falling due after more than one year 7 (15,334) (23,334)
Net assets 37,966 62,123
Capital and reserves
Called up share capital 101 101
Profit and loss account 37,865 62,022
Shareholders' funds 37,966 62,123
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
A D H Black
Director
Approved by the board on 30 January 2025
Football First Agency Limited
Notes to the Accounts
for the period from 28 December 2022 to 25 December 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
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 from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery over 5 years
Investments
Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 2 2
3 Tangible fixed assets
Plant and machinery etc
£
Cost
At 28 December 2022 26,421
At 25 December 2023 26,421
Depreciation
At 28 December 2022 25,518
Charge for the period 436
At 25 December 2023 25,954
Net book value
At 25 December 2023 467
At 27 December 2022 903
4 Investments
Investments in
subsidiary
undertakings
£
Cost
At 28 December 2022 292,150
At 25 December 2023 292,150
5 Debtors 2023 2022
£ £
Trade debtors - 133,023
Other debtors 668 20,649
668 153,672
6 Creditors: amounts falling due within one year 2023 2022
£ £
Bank loans and overdrafts 8,000 8,000
Trade creditors 35,250 60,807
Amounts owed to group undertakings and undertakings in which the company has a participating interest 145,177 145,177
Corporation tax 8,939 7,272
Other taxes and social security costs 15,382 -
Other creditors 83,701 158,985
296,449 380,241
7 Creditors: amounts falling due after one year 2023 2022
£ £
Bank loans 15,334 23,334
8 Other information
Football First Agency Limited is a private company limited by shares and incorporated in England. Its registered office is:
15 Niffany Gardens
Skipton
BD23 1SZ
7 Related party transactions
Included within creditors is an amount of £145,177 due to JCCO 133 Limited, the company's
wholly owned subsidiary.
Included within creditors is an amount of £17,645 owed to Tengo Sports Agency, a company of
which Mr A D H Black is a director.
8 Controlling party
The company is under the control of the director.
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