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REGISTERED NUMBER: 03375317 (England and Wales)





UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST MAY 2024

FOR

FUTEBOL DE SALAO UK LIMITED

FUTEBOL DE SALAO UK LIMITED (REGISTERED NUMBER: 03375317)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MAY 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


FUTEBOL DE SALAO UK LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST MAY 2024







DIRECTORS: F J Lowe
R J G Lowe





SECRETARY: M Bennett





REGISTERED OFFICE: Cumnor Road
Wootton
Boars Hill
Oxfordshire
OX1 5JW





REGISTERED NUMBER: 03375317 (England and Wales)





ACCOUNTANTS: Martin and Company
25 St Thomas Street
Winchester
Hampshire
SO23 9HJ

FUTEBOL DE SALAO UK LIMITED (REGISTERED NUMBER: 03375317)

BALANCE SHEET
31ST MAY 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 38,666 32,327
38,666 32,327

CURRENT ASSETS
Stocks 13,628 16,263
Debtors 6 101,251 37,338
Cash at bank 8,821 63,851
123,700 117,452
CREDITORS
Amounts falling due within one year 7 248,478 262,562
NET CURRENT LIABILITIES (124,778 ) (145,110 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(86,112

)

(112,783

)

CREDITORS
Amounts falling due after more than one
year

8

25,236

25,753
NET LIABILITIES (111,348 ) (138,536 )

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Share premium 9,985 9,985
Retained earnings (122,333 ) (149,521 )
SHAREHOLDERS' FUNDS (111,348 ) (138,536 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st May 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st May 2024 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.

FUTEBOL DE SALAO UK LIMITED (REGISTERED NUMBER: 03375317)

BALANCE SHEET - continued
31ST MAY 2024


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 11th February 2025 and were signed on its behalf by:





F J Lowe - Director


FUTEBOL DE SALAO UK LIMITED (REGISTERED NUMBER: 03375317)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MAY 2024


1. STATUTORY INFORMATION

Futebol de Salao UK Limited 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.

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.

The accounts have been prepared on a going concern basis as the director has confirmed that they will not seek repayment of the loan due to them until such time as the company has sufficient resources to do so.

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

Goodwill
The directors consider that the useful economic life of the acquired goodwill is now nil and as such the goodwill has been fully amortised.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 20% on cost

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.


FUTEBOL DE SALAO UK LIMITED (REGISTERED NUMBER: 03375317)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST MAY 2024


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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2023 - NIL).

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1st June 2023
and 31st May 2024 41,593
AMORTISATION
At 1st June 2023
and 31st May 2024 41,593
NET BOOK VALUE
At 31st May 2024 -
At 31st May 2023 -

FUTEBOL DE SALAO UK LIMITED (REGISTERED NUMBER: 03375317)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST MAY 2024


5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1st June 2023 41,639
Additions 15,430
At 31st May 2024 57,069
DEPRECIATION
At 1st June 2023 9,312
Charge for year 9,091
At 31st May 2024 18,403
NET BOOK VALUE
At 31st May 2024 38,666
At 31st May 2023 32,327

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 14,768 19,204
Amounts owed by group undertakings 65,970 -
Other debtors 20,513 18,134
101,251 37,338

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 17,488 10,749
Other creditors 230,990 251,813
248,478 262,562

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Other creditors 25,236 25,753

9. RELATED PARTY DISCLOSURES

As at 31st May 2024 the company owed £221,945 to a director. The loan is interest free and unsecured. The director has confirmed that they will only seek repayment if to do so would not prejudice the interest of the other creditors or the company's ability to continue trading as a going concern.

FUTEBOL DE SALAO UK LIMITED (REGISTERED NUMBER: 03375317)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST MAY 2024


10. ULTIMATE CONTROLLING PARTY

The ultimate parent company is Scarabus Trading Limited, a company registered in England Wales with a
registered address Cumnor Road, Wootton, Boars Hill, Oxford, OX15 5JW.