S.A. Soccer Ltd - Accounts to registrar (filleted) - small 18.2

S.A. SOCCER LTD

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2021

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

S D Armstrong

REGISTERED OFFICE:

140 Park Road

Guiseley

Leeds

West Yorkshire

LS20 8EH

REGISTERED NUMBER:

09239345 (England and Wales)

ACCOUNTANTS:

Wilkinson and Partners

Chartered Accountants

Fairfax House

6a Mill Field Road

Cottingley Business Park

Bradford

West Yorkshire

BD16 1PY

FIXED ASSETS

Tangible assets

4

4,976

6,660

CURRENT ASSETS

Debtors

5

284

1,501

Cash at bank and in hand

19,017

1,174

19,301

2,675

CREDITORS

Amounts falling due within one year

6

4,312

5,695

NET CURRENT ASSETS/(LIABILITIES)

14,989

(3,020

)

TOTAL ASSETS LESS CURRENT LIABILITIES

19,965

3,640

CREDITORS

Amounts falling due after more than one year

7

(16,717

)

(2,009

)

PROVISIONS FOR LIABILITIES

8

(945

)

(1,265

)

NET ASSETS

2,303

366

CAPITAL AND RESERVES

Called up share capital

9

1

1

Retained earnings

2,302

365

SHAREHOLDERS' FUNDS

2,303

366

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2021 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 23 December 2021 and were signed by:

S D Armstrong - Director

1.	STATUTORY INFORMATION

S.A. Soccer 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 or, if held under a finance lease, over the lease term, whichever is the shorter.

Motor vehicles

-

25% on reducing balance

Computer equipment

-

33% on reducing balance

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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 year was 3 (2020 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Motor

Computer

vehicles

equipment

Totals

£

£

£

COST

At 1 April 2020

and 31 March 2021

17,394

1,419

18,813

DEPRECIATION

At 1 April 2020

10,973

1,180

12,153

Charge for year

1,605

79

1,684

At 31 March 2021

12,578

1,259

13,837

NET BOOK VALUE

At 31 March 2021

4,816

160

4,976

At 31 March 2020

6,421

239

6,660

The net book value of tangible fixed assets includes £NIL (2020 - £ 6,421 ) in respect of assets held under hire purchase contracts.

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.21

31.3.20

£

£

Other debtors

55

-

Directors' current accounts

-

1,219

Prepayments

229

282

284

1,501

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.21

31.3.20

£

£

Bank loans and overdrafts

283

-

Hire purchase contracts

-

2,679

Tax

1,243

1,882

Social security and other taxes

-

141

Other creditors

125

121

Directors' current accounts

1,765

-

Accrued expenses

896

872

4,312

5,695

The director's loan account is interest free and repayable on demand.

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.21

31.3.20

£

£

Bank loans - 1-2 years

3,400

-

Bank loans - 2-5 years

10,200

-

Bank loans more 5 yr by instal

3,117

-

Hire purchase contracts

-

2,009

16,717

2,009

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

3,117

-

8.	PROVISIONS FOR LIABILITIES

31.3.21

31.3.20

£

£

Deferred tax

945

1,265

Deferred

tax

£

Balance at 1 April 2020

1,265

Accelerated Capital Allowances

(320

)

Balance at 31 March 2021

945

The entire provision for deferred taxation relates to accelerated capital allowances.

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.21

31.3.20

value:

£

£

1

Ordinary

£1.00

1

1

10.	ULTIMATE CONTROLLING PARTY

Mr S D Armstrong has a beneficial interest in the entire issued share capital and therefore controls the company.