Registered number
07647508
Pulse Premier Football Limited
Filleted Accounts
31 May 2024
Pulse Premier Football Limited
Registered number: 07647508
Balance Sheet
as at 31 May 2024
Notes 2024 2023
£ £
Fixed assets
Intangible assets 3 10,000 12,500
Tangible assets 4 1,000 2,000
11,000 14,500
Current assets
Debtors 5 1,080 150
Cash at bank and in hand 131 131
1,211 281
Creditors: amounts falling due within one year 6 (12,071) (13,160)
Net current liabilities (10,860) (12,879)
Total assets less current liabilities 140 1,621
Creditors: amounts falling due after more than one year 7 (31,178) (36,688)
Net liabilities (31,038) (35,067)
Capital and reserves
Called up share capital 100 100
Profit and loss account (31,138) (35,167)
Shareholders' funds (31,038) (35,067)
The directors are 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 directors acknowledge their 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.
P Harkness
Director
Approved by the board on 21 February 2025
Pulse Premier Football Limited
Notes to the Accounts
for the year ended 31 May 2024
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.
Intangible fixed assets
Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.
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.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 3 3
3 Intangible fixed assets £
Goodwill:
Cost
At 1 June 2023 25,000
At 31 May 2024 25,000
Amortisation
At 1 June 2023 12,500
Provided during the year 2,500
At 31 May 2024 15,000
Net book value
At 31 May 2024 10,000
At 31 May 2023 12,500
Goodwill is being written off in equal annual instalments over its estimated economic life of 10 years.
4 Tangible fixed assets
Motor vehicles
£
Cost
At 1 June 2023 4,000
At 31 May 2024 4,000
Depreciation
At 1 June 2023 2,000
Charge for the year 1,000
At 31 May 2024 3,000
Net book value
At 31 May 2024 1,000
At 31 May 2023 2,000
5 Debtors 2024 2023
£ £
Trade debtors 1,080 150
6 Creditors: amounts falling due within one year 2024 2023
£ £
Bank loans and overdrafts 11,321 10,421
Trade creditors 750 750
Taxation and social security costs - 1,989
12,071 13,160
7 Creditors: amounts falling due after one year 2024 2023
£ £
Other creditors 31,178 36,688
8 Other information
Pulse Premier Football Limited is a private company limited by shares and incorporated in England. Its registered office is:
24 Quartz Close Wokingham Berkshire RG41 3TS
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