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REGISTERED NUMBER: 10191161 (England and Wales)















Unaudited Financial Statements

for the Period 1 June 2023 to 30 May 2024

for

FC Direct Ltd

FC Direct Ltd (Registered number: 10191161)






Contents of the Financial Statements
for the Period 1 June 2023 to 30 May 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


FC Direct Ltd

Company Information
for the Period 1 June 2023 to 30 May 2024







DIRECTOR: M Small





SECRETARY:





REGISTERED OFFICE: 76 St Johns Road
Tunbridge Wells
Kent
TN4 9PH





REGISTERED NUMBER: 10191161 (England and Wales)





ACCOUNTANTS: Figures Limited
76 St Johns Road
Tunbridge Wells
Kent
TN4 9PH

FC Direct Ltd (Registered number: 10191161)

Balance Sheet
30 May 2024

30.5.24 31.5.23
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 230,746 117,244
Investments 5 40,595 40,595
271,341 157,839

CURRENT ASSETS
Stocks 54,910 -
Debtors 6 237,886 518,431
Prepayments and accrued income - 828,396
Cash at bank and in hand 239,323 147,362
532,119 1,494,189
CREDITORS
Amounts falling due within one year 7 644,666 748,973
NET CURRENT (LIABILITIES)/ASSETS (112,547 ) 745,216
TOTAL ASSETS LESS CURRENT
LIABILITIES

158,794

903,055

CREDITORS
Amounts falling due after more than one
year

8

145,422

53,780
NET ASSETS 13,372 849,275

CAPITAL AND RESERVES
Called up share capital 400 400
Retained earnings 12,972 848,875
SHAREHOLDERS' FUNDS 13,372 849,275

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 30 May 2024.

The members have not required the company to obtain an audit of its financial statements for the period ended 30 May 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

FC Direct Ltd (Registered number: 10191161)

Balance Sheet - continued
30 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 director and authorised for issue on 22 April 2025 and were signed by:





M Small - Director


FC Direct Ltd (Registered number: 10191161)

Notes to the Financial Statements
for the Period 1 June 2023 to 30 May 2024

1. STATUTORY INFORMATION

FC Direct 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Taxation
Taxation for the period 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.

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 period 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.

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

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 12 (2023 - 11 ) .

FC Direct Ltd (Registered number: 10191161)

Notes to the Financial Statements - continued
for the Period 1 June 2023 to 30 May 2024

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 June 2023 173,824
Additions 224,028
Disposals (33,609 )
At 30 May 2024 364,243
DEPRECIATION
At 1 June 2023 56,580
Charge for period 85,319
Eliminated on disposal (8,402 )
At 30 May 2024 133,497
NET BOOK VALUE
At 30 May 2024 230,746
At 31 May 2023 117,244

5. FIXED ASSET INVESTMENTS

Investments (neither listed nor unlisted) were as follows:
30.5.24 31.5.23
£    £   
Classic vehicle 40,595 40,595

6. DEBTORS
30.5.24 31.5.23
£    £   
Amounts falling due within one year:
Trade debtors 32,108 269,799
Other debtors 41,463 84,317
73,571 354,116

Amounts falling due after more than one year:
Other debtors 164,315 164,315

Aggregate amounts 237,886 518,431

FC Direct Ltd (Registered number: 10191161)

Notes to the Financial Statements - continued
for the Period 1 June 2023 to 30 May 2024

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.5.24 31.5.23
£    £   
Bank loans and overdrafts 17,332 25,687
Hire purchase contracts 18,494 12,335
Trade creditors 294,464 546,456
Taxation and social security 12,945 125,577
Other creditors 301,431 38,918
644,666 748,973

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.5.24 31.5.23
£    £   
Hire purchase contracts 145,422 53,780

9. RELATED PARTY DISCLOSURES

Included within debtors is an amount of £164,315 which represents a loan made to a relative of the Director for a period of 5 years. Interest is charged at 2% per annum.