Worth pointing out, I think, that the profit before depreciation was £325k.
The net current liabilities the previous year stood at £290k, ie we were in debt of £290k. This year, the net current liabilities stand at virtually zero.
The report & accounts read to me as if, excluding the transfer fees, we broke even, and the transfer fees wiped out the debt.
The depreciation is against assets (ie the ground) which are valued at £9.5m. In reality, the market for second hand football grounds based in Paisley is non existent, to the assets are actually nil. The depreciation seems to be a method which is used to reduce tax liabilities.