IRIS Accounts Production v24.3.2.46 08726401 Board of Directors 1.11.23 31.10.24 31.10.24 0 0 false true false false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh087264012023-10-31087264012024-10-31087264012023-11-012024-10-31087264012022-10-31087264012022-11-012023-10-31087264012023-10-3108726401ns15:EnglandWales2023-11-012024-10-3108726401ns14:PoundSterling2023-11-012024-10-3108726401ns10:Director12023-11-012024-10-3108726401ns10:PrivateLimitedCompanyLtd2023-11-012024-10-3108726401ns10:SmallEntities2023-11-012024-10-3108726401ns10:AuditExempt-NoAccountantsReport2023-11-012024-10-3108726401ns10:SmallCompaniesRegimeForDirectorsReport2023-11-012024-10-3108726401ns10:SmallCompaniesRegimeForAccounts2023-11-012024-10-3108726401ns10:FullAccounts2023-11-012024-10-310872640112023-11-012024-10-3108726401ns10:Director22023-11-012024-10-3108726401ns10:RegisteredOffice2023-11-012024-10-3108726401ns5:CurrentFinancialInstruments2024-10-3108726401ns5:CurrentFinancialInstruments2023-10-3108726401ns5:Non-currentFinancialInstruments2024-10-3108726401ns5:Non-currentFinancialInstruments2023-10-3108726401ns5:ShareCapital2024-10-3108726401ns5:ShareCapital2023-10-3108726401ns5:RetainedEarningsAccumulatedLosses2024-10-3108726401ns5:RetainedEarningsAccumulatedLosses2023-10-3108726401ns5:IntangibleAssetsOtherThanGoodwill2023-11-012024-10-3108726401ns5:ComputerSoftware2023-11-012024-10-3108726401ns5:PlantMachinery2023-11-012024-10-3108726401ns5:ComputerEquipment2023-11-012024-10-3108726401ns5:ComputerSoftware2023-10-3108726401ns5:ComputerSoftware2024-10-3108726401ns5:ComputerSoftware2023-10-3108726401ns5:PlantMachinery2023-10-3108726401ns5:ComputerEquipment2023-10-3108726401ns5:PlantMachinery2024-10-3108726401ns5:ComputerEquipment2024-10-3108726401ns5:PlantMachinery2023-10-3108726401ns5:ComputerEquipment2023-10-3108726401ns5:PlantMachineryns5:LeasedAssetsHeldAsLessee2023-11-012024-10-3108726401ns5:PlantMachineryns5:LeasedAssetsHeldAsLessee2024-10-3108726401ns5:WithinOneYearns5:CurrentFinancialInstruments2024-10-3108726401ns5:WithinOneYearns5:CurrentFinancialInstruments2023-10-31087264011ns10:Director12023-10-31087264011ns10:Director12022-10-31087264011ns10:Director12023-11-012024-10-31087264011ns10:Director12022-11-012023-10-31087264011ns10:Director12024-10-31087264011ns10:Director12023-10-3108726401ns10:Director222023-10-3108726401ns10:Director222022-10-3108726401ns10:Director222023-11-012024-10-3108726401ns10:Director222022-11-012023-10-3108726401ns10:Director222024-10-3108726401ns10:Director222023-10-3108726401ns10:Director32023-11-012024-10-31087264013ns10:Director32023-10-31087264013ns10:Director32022-10-31087264013ns10:Director32023-11-012024-10-31087264013ns10:Director32022-11-012023-10-31087264013ns10:Director32024-10-31087264013ns10:Director32023-10-31
REGISTERED NUMBER: 08726401 (England and Wales)













FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 OCTOBER 2024

FOR

SOCCER PROFILE LTD

SOCCER PROFILE LTD (REGISTERED NUMBER: 08726401)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


SOCCER PROFILE LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 OCTOBER 2024







DIRECTORS: Mr S Monk
Mr G Monk





REGISTERED OFFICE: Vantage Point House
Silverhills Road
Decoy Industrial Estate
Newton Abbot
Devon
TQ12 5ND





REGISTERED NUMBER: 08726401 (England and Wales)





ACCOUNTANTS: Marsland Nash Associates
Chartered Tax Advisers, Accountants
and Business Consultants
Vantage Point House
Silverhills Road
Decoy Industrial Estate
Newton Abbot
Devon
TQ12 5ND

SOCCER PROFILE LTD (REGISTERED NUMBER: 08726401)

BALANCE SHEET
31 OCTOBER 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 1 640
Tangible assets 5 4,656 2,540
4,657 3,180

CURRENT ASSETS
Debtors 6 1,430 3,396
Cash at bank 25,103 10,565
26,533 13,961
CREDITORS
Amounts falling due within one year 7 140,692 133,902
NET CURRENT LIABILITIES (114,159 ) (119,941 )
TOTAL ASSETS LESS CURRENT LIABILITIES (109,502 ) (116,761 )

CREDITORS
Amounts falling due after more than one
year

8

847

-
NET LIABILITIES (110,349 ) (116,761 )

CAPITAL AND RESERVES
Called up share capital 101 101
Retained earnings (110,450 ) (116,862 )
SHAREHOLDERS' FUNDS (110,349 ) (116,761 )

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

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

SOCCER PROFILE LTD (REGISTERED NUMBER: 08726401)

BALANCE SHEET - continued
31 OCTOBER 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 28 March 2025 and were signed on its behalf by:





Mr S Monk - Director


SOCCER PROFILE LTD (REGISTERED NUMBER: 08726401)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024


1. STATUTORY INFORMATION

Soccer Profile 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.

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

Website development is being amortised evenly over its estimated useful life of nil years.

Website development costs
Website development will be amortised at 20% on a straight line basis.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery - 25% on reducing balance
Computer equipment - 25% on cost

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

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.

SOCCER PROFILE LTD (REGISTERED NUMBER: 08726401)

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


2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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

Going concern
The company meets its day to day working capital requirements through a loan provided by Mr G Monk and Mr S Monk. They will continue to support the company in this way until such times as profits are made.

3. EMPLOYEES AND DIRECTORS

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

4. INTANGIBLE FIXED ASSETS
Website
development
£   
COST
At 1 November 2023
and 31 October 2024 66,335
AMORTISATION
At 1 November 2023 65,695
Amortisation for year 639
At 31 October 2024 66,334
NET BOOK VALUE
At 31 October 2024 1
At 31 October 2023 640

SOCCER PROFILE LTD (REGISTERED NUMBER: 08726401)

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


5. TANGIBLE FIXED ASSETS
Plant and Computer
machinery equipment Totals
£    £    £   
COST
At 1 November 2023 6,992 2,499 9,491
Additions 2,597 1,300 3,897
At 31 October 2024 9,589 3,799 13,388
DEPRECIATION
At 1 November 2023 5,430 1,521 6,951
Charge for year 832 949 1,781
At 31 October 2024 6,262 2,470 8,732
NET BOOK VALUE
At 31 October 2024 3,327 1,329 4,656
At 31 October 2023 1,562 978 2,540

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Plant and
machinery
£   
COST
Additions 2,597
At 31 October 2024 2,597
DEPRECIATION
Charge for year 519
At 31 October 2024 519
NET BOOK VALUE
At 31 October 2024 2,078

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 1,157 3,076
Other debtors 10 -
Directors' current accounts - 20
VAT 263 300
1,430 3,396

SOCCER PROFILE LTD (REGISTERED NUMBER: 08726401)

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


7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Hire purchase contracts 1,558 -
Tax 9 -
Social security and other taxes 21 -
Directors' current accounts 137,202 132,450
Accrued expenses 1,902 1,452
140,692 133,902

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Hire purchase contracts 847 -

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 October 2024 and 31 October 2023:

2024 2023
£    £   
Mr S Monk
Balance outstanding at start of year (35,107 ) (32,941 )
Amounts advanced 17,334 4,187
Amounts repaid (22,900 ) (6,353 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (40,673 ) (35,107 )

Mr G Monk
Balance outstanding at start of year (97,343 ) (96,785 )
Amounts advanced 814 -
Amounts repaid - (558 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (96,529 ) (97,343 )

Mr L R Dykes
Balance outstanding at start of year 20 20
Amounts repaid (20 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - 20

Loans are unsecured, interest free and repayable on demand.