IRIS Accounts Production v25.1.4.42 05942053 Board of Directors 1.11.23 31.10.24 31.10.24 false true false false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh059420532023-10-31059420532024-10-31059420532023-11-012024-10-31059420532022-10-31059420532022-11-012023-10-31059420532023-10-3105942053ns15:EnglandWales2023-11-012024-10-3105942053ns14:PoundSterling2023-11-012024-10-3105942053ns10:Director12023-11-012024-10-3105942053ns10:PrivateLimitedCompanyLtd2023-11-012024-10-3105942053ns10:SmallEntities2023-11-012024-10-3105942053ns10:AuditExempt-NoAccountantsReport2023-11-012024-10-3105942053ns10:SmallCompaniesRegimeForDirectorsReport2023-11-012024-10-3105942053ns10:SmallCompaniesRegimeForAccounts2023-11-012024-10-3105942053ns10:FullAccounts2023-11-012024-10-310594205312023-11-012024-10-3105942053ns10:Director22023-11-012024-10-3105942053ns10:Director32023-11-012024-10-3105942053ns10:RegisteredOffice2023-11-012024-10-3105942053ns5:CurrentFinancialInstruments2024-10-3105942053ns5:CurrentFinancialInstruments2023-10-3105942053ns5:ShareCapital2024-10-3105942053ns5:ShareCapital2023-10-3105942053ns5:RetainedEarningsAccumulatedLosses2024-10-3105942053ns5:RetainedEarningsAccumulatedLosses2023-10-3105942053ns5:NetGoodwill2023-11-012024-10-3105942053ns5:NetGoodwill2023-10-3105942053ns5:NetGoodwill2024-10-3105942053ns5:NetGoodwill2023-10-3105942053ns5:PlantMachinery2023-10-3105942053ns5:FurnitureFittings2023-10-3105942053ns5:PlantMachinery2023-11-012024-10-3105942053ns5:FurnitureFittings2023-11-012024-10-3105942053ns5:PlantMachinery2024-10-3105942053ns5:FurnitureFittings2024-10-3105942053ns5:PlantMachinery2023-10-3105942053ns5:FurnitureFittings2023-10-3105942053ns5:WithinOneYearns5:CurrentFinancialInstruments2024-10-3105942053ns5:WithinOneYearns5:CurrentFinancialInstruments2023-10-31
REGISTERED NUMBER: 05942053 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 October 2024

for

Finders-Keepers Sports and Marketing
Limited

Finders-Keepers Sports and Marketing
Limited (Registered number: 05942053)






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


Finders-Keepers Sports and Marketing
Limited

Company Information
for the Year Ended 31 October 2024







DIRECTORS: A Brassington
R Brassington
G Zerial





REGISTERED OFFICE: Suite 5 Corum 2
Corum Office Park
Crown Way
Warmley
Bristol
BS30 8FJ





REGISTERED NUMBER: 05942053 (England and Wales)





ACCOUNTANTS: Verinder Powell Associates Ltd
Suite 5 Corum 2
Corum Office Park
Crown Way
Warmley
Bristol
BS30 8FJ

Finders-Keepers Sports and Marketing
Limited (Registered number: 05942053)

Balance Sheet
31 October 2024

31.10.24 31.10.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 3,663 4,657
3,663 4,657

CURRENT ASSETS
Stocks 2,674 2,652
Debtors 6 725,483 861,542
Cash at bank 310,193 347,018
1,038,350 1,211,212
CREDITORS
Amounts falling due within one year 7 638,802 726,375
NET CURRENT ASSETS 399,548 484,837
TOTAL ASSETS LESS CURRENT LIABILITIES 403,211 489,494

PROVISIONS FOR LIABILITIES 1,080 1,328
NET ASSETS 402,131 488,166

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 402,031 488,066
402,131 488,166

Finders-Keepers Sports and Marketing
Limited (Registered number: 05942053)

Balance Sheet - continued
31 October 2024


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.

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 Board of Directors and authorised for issue on 19 July 2025 and were signed on its behalf by:





R Brassington - Director


Finders-Keepers Sports and Marketing
Limited (Registered number: 05942053)

Notes to the Financial Statements
for the Year Ended 31 October 2024

1. STATUTORY INFORMATION

Finders-Keepers Sports and Marketing Limited 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

There have been no material departures from the Financial Reporting Standard 102 1A.

Turnover
Turnover represents amounts receivable for goods and services net of VAT and trade discounts. Turnover is recognised in the profit and loss account only when the company has met its contractual obligations and therefore earned the right to consideration upon the transfer of tickets.

Turnover in respect of tickets for sporting events is recognised upon the transfer of the tickets. Turnover in respect of sports dinners hosted by the company is recognised as the service is provided.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2011, has been fully amortised over its estimated useful life of ten years.

Tangible fixed assets
Tangible fixed assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses. The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

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

Plant and machinery - 20% on reducing balance
Furniture, fittings and equipment - 20% on reducing balance

Stocks
Stock is valued at the lower of cost and net realisable value.


Finders-Keepers Sports and Marketing
Limited (Registered number: 05942053)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2024

2. ACCOUNTING POLICIES - continued
Taxation
Taxation for the year 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 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.

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.

Borrowings
Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the Profit and Loss Account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2023 - 6 ) .

Finders-Keepers Sports and Marketing
Limited (Registered number: 05942053)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2024

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 November 2023
and 31 October 2024 86,450
AMORTISATION
At 1 November 2023
and 31 October 2024 86,450
NET BOOK VALUE
At 31 October 2024 -
At 31 October 2023 -

5. TANGIBLE FIXED ASSETS
Furniture,
fittings
Plant and and
machinery equipment Totals
£    £    £   
COST
At 1 November 2023
and 31 October 2024 11,090 4,765 15,855
DEPRECIATION
At 1 November 2023 6,831 4,367 11,198
Charge for year 902 92 994
At 31 October 2024 7,733 4,459 12,192
NET BOOK VALUE
At 31 October 2024 3,357 306 3,663
At 31 October 2023 4,259 398 4,657

Finders-Keepers Sports and Marketing
Limited (Registered number: 05942053)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2024

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.24 31.10.23
£    £   
Trade debtors 254,726 338,564
Other debtors 470,757 522,978
725,483 861,542

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.24 31.10.23
£    £   
Trade creditors 115,050 193,776
Taxation and social security 45,134 88,090
Other creditors 478,618 444,509
638,802 726,375

8. OFF BALANCE SHEET COMMITMENTS

At the year end the company had future minimum lease payments due under non-cancellable operating leases totalling £1,426 (2023 - £2,139).

Finders-Keepers Sports and Marketing
Limited (Registered number: 05942053)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2024

9. RELATED PARTY DISCLOSURES

Loans to related parties



Key
management

Other related
parties


Total
2024 £ £ £
At start of period 9,783 31,463 41,246
Advanced 4,132 - 4,132
Repaid (10,545 ) (31,463 ) (42,008 )
At end of period 3,370 - 3,370


Key
management

Other related
parties


Total
2023 £ £ £
At start of the period - 52,839 52,839
Advanced 10,729 - 10,729
Repaid (946 ) (21,376 ) (22,322 )
At end of period 9,783 31,463 41,246

Loans to key management are repayable on demand and interest is charged on loan balances owing to the company that exceed £10,000 per director. Interest is charged at the HMRC prevailing rate.

Loans to other related parties are interest free and repayable on demand.

Finders-Keepers Sports and Marketing
Limited (Registered number: 05942053)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2024

9. RELATED PARTY DISCLOSURES - continued

Loans from related parties



Key
management


Total
2024 £ £
At start of period 498 498
Advanced 112,511 112,511
Repaid (104,641 ) (104,641 )
At end of period 8,368 8,368


Key
management


Total
2023 £ £
At start of period 71,124 71,124
Advanced 43,385 43,385
Repaid (114,011 ) (114,011 )
At end of period 498 498

Loans from key management are interest free and repayable on demand.