Aldershot Town Football Club Ltd
Registered number: 08362929
Statement of Financial Position
as at 30 June 2024
Notes 2024 2023
£ £
Fixed assets
Intangible assets 3 341,618 375,779
Tangible assets 4 3,874 5,165
345,492 380,944
Current assets
Stocks 14,370 11,850
Debtors 5 417,711 84,934
Cash at bank and in hand 4,959 11,374
437,040 108,158
Creditors: amounts falling due within one year 6 (1,357,949) (1,143,829)
Net current liabilities (920,909) (1,035,671)
Total assets less current liabilities (575,417) (654,727)
Creditors: amounts falling due after more than one year 7 (404,000) (414,000)
Net liabilities (979,417) (1,068,727)
Capital and reserves
Called up share capital 1,180,260 1,090,260
Share premium 50,000 40,000
Profit and loss account (2,209,677) (2,198,987)
Shareholders' funds (979,417) (1,068,727)
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 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.
Shahid Azeem
Director
Approved by the board on 5 June 2025
Aldershot Town Football Club Ltd
Notes to the Accounts
for the year ended 30 June 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102 Section 1a small entities, the financial reporting standard applicable in the UK and the Republic of Ireland.
Going concern
The company had retained losses as at the balance sheet date which were not covered by the share capital of the company. The directors consider the company to be a going concern, notwithstanding that there are losses of £2,209,677. They have reviewed the potential future of the company and consider that it will continue to trade profitably for the foreseeable future.
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 match day, sponsorship, commercial, the hire of stadium facilities, the sale of goods, sale of players and from the provision of youth football 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.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery 25% reducing balance
Inventories
Inventories are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Debtors
Short term debtors are measured at transaction 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.
Creditors
Short term creditors are measured at transaction 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. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Pensions
The company operates a defined contribution pension scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.
2 Employees and directors 2024 2023
Number Number
Average number of directors and persons employed by the company 65 56
3 Intangible fixed assets £
Goodwill:
Cost
At 1 July 2023 683,228
At 30 June 2024 683,228
Amortisation
At 1 July 2023 307,449
Provided during the year 34,161
At 30 June 2024 341,610
Net book value
At 30 June 2024 341,618
At 30 June 2023 375,779
Goodwill is being written off in equal annual instalments over its estimated economic life of 20 years.
4 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 July 2023 39,073
At 30 June 2024 39,073
Depreciation
At 1 July 2023 33,908
Charge for the year 1,291
At 30 June 2024 35,199
Net book value
At 30 June 2024 3,874
At 30 June 2023 5,165
5 Debtors 2024 2023
£ £
Trade debtors 408,804 73,908
Other debtors 8,907 11,026
417,711 84,934
6 Creditors: amounts falling due within one year 2024 2023
£ £
Non-equity preference shares 50,000 60,000
Bank loans and overdrafts 10,000 10,000
Trade creditors 136,529 86,913
Accruals 165,342 136,922
Other taxes and social security costs 152,913 58,260
Other creditors 843,165 791,734
1,357,949 1,143,829
7 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 404,000 414,000
8 Loans 2024 2023
£ £
Creditors include:
Secured bank loans 394,000 394,000
The loan from The English Sports Council contains a floating charge over all property or undertaking of the company.
9 Other information
Aldershot Town Football Club Ltd is a private company limited by shares and incorporated in England. Its registered office is:
The EBB Stadium
High Street
Aldershot
Hampshire
GU11 1TW
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