REGISTERED NUMBER: 03659422 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

GLOBAL FOOTBALL COMPANY LIMITED

Page

Balance Sheet

1

Notes to the Financial Statements

3

FIXED ASSETS

Tangible assets

4

173,387

131,141

Investments

5

640,528

672,761

813,915

803,902

CURRENT ASSETS

Stocks

950,631

1,190,466

Debtors

6

2,441,228

1,169,778

Cash at bank and in hand

4,137,174

5,623,813

7,529,033

7,984,057

CREDITORS

Amounts falling due within one year

7

(616,507

)

(1,676,787

)

NET CURRENT ASSETS

6,912,526

6,307,270

TOTAL ASSETS LESS CURRENT LIABILITIES

7,726,441

7,111,172

CREDITORS

Amounts falling due after more than one year

8

(99,920

)

(41,662

)

PROVISIONS FOR LIABILITIES

-

(4,564

)

NET ASSETS

7,626,521

7,064,946

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

7,626,421

7,064,846

SHAREHOLDERS' FUNDS

7,626,521

7,064,946

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

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

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 Profit and Loss Account has not been delivered.

The financial statements were approved by the director and authorised for issue on 24 September 2025 and were signed by:

J M Fallows - Director

1.	STATUTORY INFORMATION

Global Football Company Limited is a private company, limited by shares in England and Wales. The company's registered number is 03659422 and the registered office address is 5 Brooklands Place, Brooklands Road, Sale, Cheshire, M33 3SD.

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 as modified by the revaluation of certain assets.

Turnover

Turnover represents net invoiced sales of goods, excluding value added tax, and is recognised when goods are despatched to customers.

Tangible fixed assets

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

Improvements to property

-

5% on cost

Fixtures and fittings

-

20% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

25% on cost

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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.

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.

Cash flow statement

In the opinion of the directors the company qualifies as a small company and accordingly a cash flow statement is not required.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 26 (2023 - 27 ) .

4.	TANGIBLE FIXED ASSETS

Improvements

Fixtures

to

and

Motor

Computer

property

fittings

vehicles

equipment

Totals

£

£

£

£

£

COST

At 1 January 2024

8,100

105,896

164,046

107,667

385,709

Additions

4,855

3,420

132,024

3,247

143,546

Disposals

-

(2,580

)

(138,246

)

(42,354

)

(183,180

)

At 31 December 2024

12,955

106,736

157,824

68,560

346,075

DEPRECIATION

At 1 January 2024

120

76,360

84,291

93,797

254,568

Charge for year

425

6,094

30,742

7,259

44,520

Eliminated on disposal

-

(2,213

)

(81,833

)

(42,354

)

(126,400

)

At 31 December 2024

545

80,241

33,200

58,702

172,688

NET BOOK VALUE

At 31 December 2024

12,410

26,495

124,624

9,858

173,387

At 31 December 2023

7,980

29,536

79,755

13,870

131,141

5.	FIXED ASSET INVESTMENTS

Other

investments

£

COST OR VALUATION

At 1 January 2024

672,761

Disposals

(79,736

)

Revaluations

47,503

At 31 December 2024

640,528

NET BOOK VALUE

At 31 December 2024

640,528

At 31 December 2023

672,761

Historical cost of fixed asset investments at 31 December 2024 was £575,456 (2023: £649,722).

6.

DEBTORS

2024

2023

£

£

Amounts falling due within one year:

Trade debtors

200,535

238,216

Other debtors

2,040,693

731,562

2,241,228

969,778

Amounts falling due after more than one year:

Other debtors

200,000

200,000

Aggregate amounts

2,441,228

1,169,778

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Hire purchase contracts (see note 9)

10,483

35,186

Trade creditors

203,504

678,275

Taxation and social security

274,449

835,159

Other creditors

128,071

128,167

616,507

1,676,787

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2024

2023

£

£

Hire purchase contracts (see note 9)

99,920

41,662

9.	LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase

contracts

2024

2023

£

£

Net obligations repayable:

Within one year

10,483

35,186

Between one and five years

99,920

41,662

110,403

76,848

Non-cancellable

operating leases

2024

2023

£

£

Within one year

121,936

122,270

Between one and five years

90,348

212,284

212,284

334,554

10.	SECURED DEBTS

The following secured debts are included within creditors:

2024

2023

£

£

Hire purchase contracts

110,403

76,848

11.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 December 2024 and 31 December 2023:

2024

2023

£

£

J M Fallows

Balance outstanding at start of year

521,445

-

Amounts advanced

1,270,148

521,445

Amounts repaid

-

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

1,791,593

521,445

Interest was charged on the directors loan at HMRC approved rates to 5th April 2024..