2023-08-012024-07-312024-07-31false13020911THE INTERNATIONAL FOOTBALL SPORTS GROUP 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THE INTERNATIONAL FOOTBALL SPORTS GROUP LIMITED

(formerly MACCLESFIELD FOOTBALL CLUB INTERNATIONAL LIMITED)

Registered Number
13020911
(England and Wales)

Unaudited Financial Statements for the Year ended
31 July 2024

THE INTERNATIONAL FOOTBALL SPORTS GROUP LIMITED
Company Information
for the year from 1 August 2023 to 31 July 2024

Director

SMETHURST, Robert

Registered Address

Leasing.Com Stadium
London Road
Macclesfield
SK11 7SP

Registered Number

13020911 (England and Wales)
THE INTERNATIONAL FOOTBALL SPORTS GROUP LIMITED
Statement of Financial Position
31 July 2024

Notes

2024

2023

£

£

£

£

Fixed assets
Tangible assets363,85880,444
63,85880,444
Current assets
Debtors4576,917413,179
Cash at bank and on hand16,78218,554
593,699431,733
Creditors amounts falling due within one year5(696,955)(441,461)
Net current assets (liabilities)(103,256)(9,728)
Total assets less current liabilities(39,398)70,716
Creditors amounts falling due after one year6(53,374)(63,386)
Net assets(92,772)7,330
Capital and reserves
Called up share capital100100
Profit and loss account(92,872)7,230
Shareholders' funds(92,772)7,330
The financial statements were approved and authorised for issue by the Director on 23 April 2025, and are signed on its behalf by:
SMETHURST, Robert
Director
Registered Company No. 13020911
THE INTERNATIONAL FOOTBALL SPORTS GROUP LIMITED
Notes to the Financial Statements
for the year ended 31 July 2024

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
The financial statements have been prepared in accordance with the Companies Act 2006 and FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland including Section 1A Small Entities.
Going concern
After reviewing the company's forecasts and projections, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. The company therefore continues to adopt the going concern basis of accounting in preparing its financial statements.
Revenue from sale of goods
Revenue from the sale of goods is recognised when the company has transferred to the buyer the significant risks and rewards of ownership of the goods, usually when goods are delivered and legal title has passed. Providing the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the company and the costs incurred or to be incurred in respect of the transition can be measured reliably.
Employee benefits
Short-term employee benefits are measured at the undiscounted amount expected to be paid in exchange for the employee's services to the company. Where employees have accrued short-term benefits which the entity has not paid by the balance sheet date, an accrual is recognised within creditors: amounts falling due within one year together with an associated expense in profit or loss. The liabilities are classified as current obligations in the statement of financial position because they are expected to be settled wholly within twelve months after the end of the period.
Defined contribution pension plan
The company operates a defined contribution pension plan for the benefit of its employees. Contributions are recognised as expenses as they become payable. Differences between contributions payable in the year and those actually paid are recognised as either prepayments or accruals in the balance sheet. The assets of the defined contribution pension scheme are held separately from those of the company in an independently administered fund.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
Current taxation
Current tax is recognised in profit or loss, except for taxes related to revaluations of land and buildings which are recognised in other comprehensive income. Current tax represents the amount of tax payable (receivable) in respect of taxable profit (loss) for the current, or past, reporting periods. Current tax is measured at the amount expected to be paid (recovered) using the tax rates and laws which have been enacted, or substantively enacted, by the balance sheet date. Where payments to HM Revenue and Customs exceed liabilities owed, an asset is recognised to the extent of the amount of tax recoverable.
Tangible fixed assets and depreciation
All fixed assets are initially recorded at cost. Property, plant and equipment is used in the company's principal activity for the production and supply of goods or for administrative purposes and is stated in the balance sheet under the historic cost model. This model requires the assets to be stated at cost less amounts in respect of depreciation and less any accumulated impairment losses. Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value (which is the expected amount that would currently be obtained from disposal of an asset, after deducting the estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life), over the useful economic life of the respective asset as follows:

Straight line (years)
Plant and machinery5
Vehicles5
Finance leases and hire purchase contracts
Assets held under finance leases which are leases where substantially all the risks and rewards of ownership of the asset have passed to the company, and hire purchase contracts are capitalised in the balance sheet. They are depreciated over the shorter of their useful lives or the term of the lease.
Trade and other debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Trade and other 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.
Related parties
For the purposes of these financial statements, a related party could be a person or an entity. Careful consideration is given to the definition of a related party to ensure that all related party relationships, transactions and balances are identified.
2.Average number of employees

20242023
Average number of employees during the year1214
3.Tangible fixed assets

Plant & machinery

Vehicles

Total

£££
Cost or valuation
At 01 August 232,19980,73582,934
At 31 July 242,19980,73582,934
Depreciation and impairment
At 01 August 231,1441,3462,490
Charge for year43916,14716,586
At 31 July 241,58317,49319,076
Net book value
At 31 July 2461663,24263,858
At 31 July 231,05579,38980,444
4.Debtors: amounts due within one year

2024

2023

££
Trade debtors / trade receivables152,062176,156
Amounts owed by associates and joint ventures / participating interests423,022216,448
Prepayments and accrued income1,83320,575
Total576,917413,179
5.Creditors: amounts due within one year

2024

2023

££
Trade creditors / trade payables45,41342,305
Bank borrowings and overdrafts27,126-
Amounts owed to related parties90,60474,653
Taxation and social security59,72635,721
Finance lease and HP contracts10,0129,015
Other creditors164,32214,900
Accrued liabilities and deferred income299,752264,867
Total696,955441,461
6.Creditors: amounts due after one year

2024

2023

££
Other creditors53,37463,386
Total53,37463,386
7.Obligations under finance leases

2024

2023

££
Finance lease and HP contracts53,37463,386
8.Directors advances, credits and guarantees

Brought forward

Amount advanced

Amount repaid

Carried forward

££££
SMETHURST, Robert14,9001,075,615926,193164,322
Directors loan
14,9001,075,615926,193164,322
This loan is unsecured and repayment on demand.
9.Related party transactions
During the year the had the following transactions with companies in which the director & owners had a material interest: Company 1: Brought forward loan from company £74,653 Amount advanced £67,010 Amount repaid £38,944 Carried forward loan from company £46,586 Company 2: Brought forward loan from company £0 Amount repaid £44,000 Carried forward loan from company £44,000 Company 3: Brought forward loan from company £0 Amount advanced: £48,582 Amount repaid £48,600 Carried forward loan from company £18 Company 4: Brought forward loan to company £0 Amount advanced £38,952 Amount repaid £3,600 Carried forward loan to company £35,352 Company 5: Brought forward loan to company £216,448 Amount advanced £277,078 Amount repaid £180,776 Carried forward loan to company £312,750 Company 6: Brought forward loan to company £0 Amount advanced £8,105 Carried forward loan to company £8,105 All of the loans above were repayable on demand and unsecured.
10.Controlling party
The company is under the control of The International Football Group Limited.
11.Parent-subsidiary relationships
The company is owed wholly by The International Football Group Limited.