Football Art Tradings Limited - Accounts to registrar (filleted) - small 18.2

Football Art Tradings Limited - Accounts to registrar (filleted) - small 18.2


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REGISTERED NUMBER: 09919085(England and Wales)















FOOTBALL ART TRADINGS LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2019






FOOTBALL ART TRADINGS LIMITED (REGISTERED NUMBER: 09919085)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2019










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


FOOTBALL ART TRADINGS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2019







DIRECTOR: C Mather





REGISTERED OFFICE: Clarke Nicklin House
Brooks Drive
Cheadle Royal Business Park
Cheadle
Cheshire
SK8 3TD





REGISTERED NUMBER: 09919085(England and Wales)





ACCOUNTANTS: Clarke Nicklin LLP
Chartered Accountants
Clarke Nicklin House
Brooks Drive
Cheadle Royal Business Park
Cheadle
Cheshire
SK8 3TD

FOOTBALL ART TRADINGS LIMITED (REGISTERED NUMBER: 09919085)

BALANCE SHEET
31 DECEMBER 2019

2019 2018
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 843 1,068

CURRENT ASSETS
Debtors 5 - 623
Cash at bank 14,039 25,859
14,039 26,482
CREDITORS
Amounts falling due within one year 6 14,828 27,205
NET CURRENT LIABILITIES (789 ) (723 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

54

345

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 53 344
54 345

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2019.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2019 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 17 December 2020and were signed by:





C Mather- Director


FOOTBALL ART TRADINGS LIMITED (REGISTERED NUMBER: 09919085)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2019


1. STATUTORY INFORMATION

Football Art Tradings 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.

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.
Plant and machinery - 20% on cost

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2018 - NIL).

FOOTBALL ART TRADINGS LIMITED (REGISTERED NUMBER: 09919085)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2019


4. TANGIBLE FIXED ASSETS
Plant and
machinery
£   
COST
At 1 January 2019
and 31 December 2019 1,125
DEPRECIATION
At 1 January 2019 57
Charge for year 225
At 31 December 2019 282
NET BOOK VALUE
At 31 December 2019 843
At 31 December 2018 1,068

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2019 2018
£    £   
Directors' current accounts - 623

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2019 2018
£    £   
Amounts owed to group undertakings 1,423 23,120
Tax 2,943 2,889
VAT 2,062 196
Accrued expenses 8,400 1,000
14,828 27,205

7. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 December 2019 and 31 December 2018:

2019 2018
£    £   
C Mather
Balance outstanding at start of year 623 4,851
Amounts advanced 2,072 7,285
Amounts repaid (2,695 ) (11,513 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - 623

8. ULTIMATE CONTROLLING PARTY

The controlling party is C Mather.