Camel Vale Motor Club Limited |
Registered number: |
01267498 |
Balance Sheet |
as at 31 December 2021 |
|
Notes |
|
|
2021 |
|
|
2020 |
£ |
£ |
Fixed assets |
Tangible assets |
3 |
|
|
2,120 |
|
|
2,261 |
|
Current assets |
Stocks |
|
|
495 |
|
|
548 |
Debtors |
4 |
|
321 |
|
|
321 |
Cash at bank and in hand |
|
|
59,678 |
|
|
53,868 |
|
|
|
60,494 |
|
|
54,737 |
|
Creditors: amounts falling due within one year |
5 |
|
(2,811) |
|
|
(2,762) |
|
Net current assets |
|
|
|
57,683 |
|
|
51,975 |
|
Net assets |
|
|
|
59,803 |
|
|
54,236 |
|
|
|
|
|
|
|
|
Capital and reserves |
Profit and loss account |
|
|
|
59,803 |
|
|
54,236 |
|
Shareholders' funds |
|
|
|
59,803 |
|
|
54,236 |
|
|
|
|
|
|
|
|
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006. |
The members have not required the company to obtain an audit in accordance with section 476 of the Act. |
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. |
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies. |
|
|
|
|
N Barnett |
Director |
Approved by the board on 4 April 2022 |
|
Camel Vale Motor Club Limited |
Notes to the Accounts |
for the year ended 31 December 2021 |
|
|
1 |
Accounting policies |
|
|
Basis of preparation |
|
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard). |
|
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts. |
|
The Coronavirus pandemic has led to widespread economic shocks and lockdowns have meant a fall in activities. The committee are satisfied that the impact of the pandemic is not an adjusting post balance sheet event. After due consideration, the committee is satisfied that it is appropriate that the accounts have been prepared on the going concern basis due to the amount of reserves. |
|
Turnover |
|
Turnover is measured at the fair value of the consideration received or receivable, net of discounts. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to participation in the daily events. |
|
|
Tangible fixed assets |
|
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows: |
|
|
Fixtures and fittings |
10% reducing balance |
|
Trophies |
2% reducing balance |
|
Plant and machinery |
25% reducing balance |
|
|
Stocks |
|
Stock is valued at the lower of cost and net realisable value. |
|
|
Debtors |
|
Short term debtors are measured at transaction price. |
|
|
Creditors |
|
Short term creditors are measured at transaction price. |
|
2 |
Employees |
2021 |
|
2020 |
Number |
Number |
|
|
Average number of persons employed by the company |
0 |
|
0 |
|
|
|
|
|
|
|
|
|
|
3 |
Tangible fixed assets |
|
|
|
|
|
|
|
|
Equipment |
£ |
|
Cost |
|
At 1 January 2021 |
9,709 |
|
Disposals |
(1,250) |
|
At 31 December 2021 |
8,459 |
|
|
|
|
|
|
|
|
|
|
Depreciation |
|
At 1 January 2021 |
7,448 |
|
Charge for the year |
121 |
|
On disposals |
(1,230) |
|
At 31 December 2021 |
6,339 |
|
|
|
|
|
|
|
|
|
|
Net book value |
|
At 31 December 2021 |
2,120 |
|
At 31 December 2020 |
2,261 |
|
|
4 |
Debtors |
2021 |
|
2020 |
£ |
£ |
|
|
Prepayments and accrued income |
321 |
|
321 |
|
|
|
|
|
|
|
|
|
|
5 |
Creditors: amounts falling due within one year |
2021 |
|
2020 |
£ |
£ |
|
|
Corporation Tax |
2 |
|
2 |
|
Accruals and deferred income |
2,809 |
|
2,760 |
|
|
|
|
|
|
2,811 |
|
2,762 |
|
|
|
|
|
|
|
|
|
|
6 |
Other information |
|
|
Camel Vale Motor Club Limited is a private company limited by shares and incorporated in England. Its registered office is: |
|
c/o Trudgeon Halling |
|
The Platt |
|
Wadebridge |
|
Cornwall |
|
PL27 7AE |