Latest Accounts in; we lost £4 million

I haven’t seen them for myself, but the link is here;

Apparently, we lost £4 million and I quite frankly don’t believe a word of it.
I’ve previously suggested that the previous losses have been over exaggerated and now more recent accounts will be under-quoted to address the balance.
Which is all perfectly legal, as long as the books balance over time.
Or at least that’s my understanding, where I’d appreciate it if any accountants could finally put me straight on this point, as I’ve suggested it a few times, but have never had a decent answer.

At a glance things just don’t make sense and I know I’m countering my own argument here at first glance, but how have corporate incomes gone up, when we get the Likes of Bill Pearson, with his knowledge, telling us that there are loads of empty boxes compared to a while back?

Then there’s the increased sponsorship income.
Where’s that come from?
Is it really a fact that the most prominent sponsor, Dafabet paid more than the previous sponsor?
If that’s the case, I don’t remember the club shouting about it and it just doesn’t make sense anyway. The club hadn’t improved in the general football sense and probably got worse, after all.

These are typical examples of how you could make the figures look better to redress the previously overstated losses, is what I’m getting at.

I don’t know; I need to look at the details, but I at least find them “interesting” and would appreciate your views.


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  1. billys boots
    billys boots February 24, 2015 at 9:02 pm . Reply

    on a different note can you hear the holte singing this

    1. OohAhPaulMcGrath
      OohAhPaulMcGrath February 24, 2015 at 9:59 pm . Reply

      Hope not its Shit

    2. OriginalLondonLion
      OriginalLondonLion February 24, 2015 at 10:30 pm . Reply

      Not a bad song. But it has no swear-words so, no, I can’t hear the Holte singing it.

  2. OriginalLondonLion
    OriginalLondonLion February 24, 2015 at 10:26 pm . Reply

    There is a double reduction in Corporation Tax for large companies between 2 years ago, last year and the current year. For profit making companies it made sense to hold back profits if possible and put them in a year with a lower tax rate. I suppose, though I cannot right now see how, there might be an advantage to moving losses around.

    1. Hitchens 60
      Hitchens 60 February 25, 2015 at 8:22 am . Reply

      Not sure you’re allowed to ‘hold back profits’ other than through making provisions for known debt or risky income and also it makes sense to take losses as they fall as you can roll over unused losses into future years and offset corporation tax.

Right or Wrong? What do YOU think?

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