Most liked posts in thread: Accounts Late

The 42% increase in revenue is a tribute to the work done by the back room staff at the club

 

If you file accounts at companies house electronically they usually show up the same day. If you post the accounts to Companies House in paper format they are stamped the day received and then uploaded by Companies House staff to their website. This can take up to 14 working days.

My best guess is because the accounts are way above the basic companies house disclosure as last years accounts actually had a full P&L attached they have been submitted by post and will be working their way through the system. Expect to see what you saw last year, accounts stamped by companies house prior to the deadline but uploaded in the next week.

 

Last year's were posted 6th April 2022.

 

Transparency isn't binary. Why does everything have to be so binary these days!! If you have questions, ask them. Or become a shareholder

 

The accounts were detailed to June 2021 compared to prior years.

 

Breakdown of costs including playing and management cost which increased to £2.9mil from £2.7mil https://www.bradfordcityafc.com/news/2023/april/bradford-city-afc-financial-report-2022/

 

@Loyalbantam will be happy.

 

The accounts are only filed to small company status. What we have is actually more than they are require to disclose.

Two of, Turnover being over £10.2m, Balance sheet assets being over £5.1m and Employees of more than 50 would push it to a medium sized company where it would require a full audit and a whole host of extra info disclosing.

As can been seen by this note on Burnley's accounts.

 

No, it the difference between playing a season behind closed doors and not.

 

Going to give the club the benefit of the doubt for now and assume it has been dealt with somehow, but that is not what we want to see.

 

I notice Huddersfield Town have applied for an extra 3 months to file their accounts as the deadline is showing up as 30th June 2023 when usually you are only given 9 months to file accounts.

 

Huddersfield are on a transfer embargo as they have yet to file their 2022 accounts. Smells like an attempt to hide FPP issues.

 

It's worth saying that those figures are to be taken with a pinch of salt.

The 2020 season was cancelled with about 10 games to go.

The 2021 season was played 100% behind closed doors due to Covid.

 

Hey don't go giving away accountant tricks, but yes you can. If you do though it is shown at companies house as a shortening of an accounting period and accounts can still be made up to within 7 days of the new year end.

There is no such detail listed at CH, so it looks like it has been applied for which was made pretty simple since Covid.

 

The full P&L have been ommitted from these accounts compared to the previous accounts. Only a basic P&L has been provided for 2022 showing a £300k loss, of which £75k is depreciation which is a book writedown loss rather than an actual loss. Net current liabilities has almost doubled, which is assets minus liabilities that are due within the next financial year. Other credititors whatever that is which could include directors loan has increased by £1m in the year.

I'd like to see a breakdown of Cost of Sale. in the prior year Cost of sale was mostly players wages, and this rose by £1m. I would guess these costs would include the faith put into Derek Adams which was far from rewarded.

 

Yes it could be deferred income, however there has been a significant increase year on year when season ticket sales have been pretty consistent.

The trade debtors baffle me a little too. They have gone from £300k to £2m, where has the cash in hand has gone from £1.5m to £370k.

The 21/22 Season ticket sales had a deadline of the 2nd July where as the 22/23 Season tickets were had a deadline of 20th June, meaning the club should in theory have been cash rich come the year end, and there is no way £2m of sales were via DD.

Other creditors can include short term Directors loans. Many DLA are shown under 1 year in various accounts, however due to the nature of the loan to increase liquidity in the business it can be manipulated pre and post 1 year.

 

We got £300,000 from IFollow apparently