Audrey
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?Absolute Calamity!?
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« on: Wednesday, February 28, 2018, 16:28:13 » |
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Samdy Gray
Dirty sneaky traitor weasel
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« Reply #1 on: Wednesday, February 28, 2018, 16:42:29 » |
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It means someone who hasn't got a clue how to read a set of accounts has written an article talking about how some numbers of changed.
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Samdy Gray
Dirty sneaky traitor weasel
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« Reply #2 on: Wednesday, February 28, 2018, 16:43:31 » |
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Debtors increase from £257k to £2.19m could possibly be the Ajose transfer fee owed but not paid (at the time of the accounts).
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4D
That was definately my last game, honest
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I can't bear it 🙄
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« Reply #3 on: Wednesday, February 28, 2018, 17:26:23 » |
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Basically...
Assets of £139k Current liability of (£3.5m) this is current assets such as trade debtors, cash less current liabilities such as trade creditors, overdrafts. Long term Loans (£6m)
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Bogus Dave
Ate my own dick
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« Reply #4 on: Wednesday, February 28, 2018, 19:36:38 » |
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Unless I’m misreading it (which I almost certainly am), looks like power out in net £800k in the year. Asset stripping cunt
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Things get better but they never get good
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Batch
Not a Batch
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« Reply #5 on: Wednesday, February 28, 2018, 19:37:44 » |
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So,
Concerning/good/insufficient data*
*delete as appropriate.
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Bogus Dave
Ate my own dick
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« Reply #6 on: Wednesday, February 28, 2018, 19:41:17 » |
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You can’t really draw any serious conclusions from these type of accounts. Not that it stops people from trying
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Things get better but they never get good
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Simon Pieman
Original Wanker
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« Reply #7 on: Wednesday, February 28, 2018, 21:07:28 » |
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Debtors increase from £257k to £2.19m could possibly be the Ajose transfer fee owed but not paid (at the time of the accounts).
It's the Eady money I reckon, circa £2m other debtor
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Simon Pieman
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« Reply #8 on: Wednesday, February 28, 2018, 21:08:12 » |
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Oh and debt has actually increased
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Don Rogers Sock
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« Reply #9 on: Wednesday, February 28, 2018, 21:25:15 » |
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What do you make of what you seen then Si? Pretty standard
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Simon Pieman
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« Reply #10 on: Wednesday, February 28, 2018, 23:05:54 » |
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Really can't tell much from what's issued. We made a profit and maybe that's the main thing to take away which the adver have sort of said but in an incorrect way.
We did get relegated too mind.
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Batch
Not a Batch
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« Reply #11 on: Wednesday, February 28, 2018, 23:12:04 » |
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we've made a profit, but debt increased.
um, can you explain it that to us thickies...
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4D
That was definately my last game, honest
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I can't bear it 🙄
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« Reply #12 on: Wednesday, February 28, 2018, 23:22:45 » |
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Net liability decreased by £1.5m, Directors loan account increased but I suspect other loans reduced. Can't tell from this partial information.
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Simon Pieman
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« Reply #13 on: Thursday, March 1, 2018, 08:31:14 » |
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we've made a profit, but debt increased.
um, can you explain it that to us thickies...
I start up a business. Firstly, I need to get a mortgage to buy a premises to run the business from, so I take out a £450k mortgage to do this. All my other money goes into the property and setting it up for my business. For trading, I start off with £0 funds but took out a loan of £100k to start up my business. I buy product for £100k and sell it for £120k. That means I make a profit of a £20k. But I haven't made any loan or mortgage repayments yet. So my debt went up by £550k but I made a profit of £20k. The above is a simple and unrealistic example, but hope that explains why you can make a profit but still have more debt.
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Batch
Not a Batch
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« Reply #14 on: Thursday, March 1, 2018, 08:51:23 » |
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ah, I see, thanks
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