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Registered number: 12758067
FCV International Football Academy Limited
Unaudited ABRIDGED Financial Statements
For The Year Ended 31 May 2024
Astute Accountants & Tax Consultants
Contents
Page
Abridged Balance Sheet 1—2
Notes to the Abridged Financial Statements 3—4
Page 1
Abridged Balance Sheet
Registered number: 12758067
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 20,866 28,844
20,866 28,844
CURRENT ASSETS
Debtors 1,034,154 707,717
Cash at bank and in hand 222,905 120,317
1,257,059 828,034
Creditors: Amounts Falling Due Within One Year (789,891 ) (630,297 )
NET CURRENT ASSETS (LIABILITIES) 467,168 197,737
TOTAL ASSETS LESS CURRENT LIABILITIES 488,034 226,581
NET ASSETS 488,034 226,581
Income and Expenditure Account 488,034 226,581
MEMBERS' FUNDS 488,034 226,581
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Page 2
For the 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.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Income and Expenditure Account.
All of the company's members have consented to the preparation of an Abridged Balance Sheet for the year end 31 May 2024 in accordance with section 444(2A) of the Companies Act 2006.
On behalf of the board
Mr Sinan Karacayli
Director
12 February 2025
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Abridged Financial Statements
1. General Information
FCV International Football Academy Limited is a private company, limited by guarantee, incorporated in England & Wales, registered number 12758067 . The registered office is Grace Dieu Manor Park, Thringstone, Leicestershire, LE67 5UG.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. 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 is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Plant & Machinery 33% reducing balance
Motor Vehicles 25% reducing balance
Computer Equipment 15% reducing balance
3. Average Number of Employees
Average number of employees, including directors, during the year was: 24 (2023: 19)
24 19
4. Tangible Assets
Total
£
Cost
As at 1 June 2023 58,487
Disposals (639 )
As at 31 May 2024 57,848
...CONTINUED
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Depreciation
As at 1 June 2023 29,643
Provided during the period 7,339
As at 31 May 2024 36,982
Net Book Value
As at 31 May 2024 20,866
As at 1 June 2023 28,844
5. Company limited by guarantee
The company is limited by guarantee and has no share capital.
Every member of the company undertakes to contribute to the assets of the company, in the event of a winding up, such an amount as may be required not exceeding £1.
6. Ultimate Controlling Party
The company's ultimate controlling party is Sinan Karacayli .
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