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REGISTERED NUMBER: 12336373 (England and Wales)












UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2022

FOR

TEAM WAVENEY SWIMMING CLUB LIMITED

TEAM WAVENEY SWIMMING CLUB LIMITED (REGISTERED NUMBER: 12336373)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2022




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


TEAM WAVENEY SWIMMING CLUB LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2022







DIRECTORS: C M Holmes
Mrs J C Adcock
Mrs N Ball





SECRETARY:





REGISTERED OFFICE: Lothing House
7 Quay View Business Park
Barnards Way
Lowestoft
Suffolk
NR32 2HD





REGISTERED NUMBER: 12336373 (England and Wales)





ACCOUNTANTS: Juler Tooke
Lothing House
Quay View Business Park
Barnards Way
Lowestoft
Suffolk
NR32 2HD

TEAM WAVENEY SWIMMING CLUB LIMITED (REGISTERED NUMBER: 12336373)

BALANCE SHEET
31 DECEMBER 2022

31.12.22 31.12.21
Notes £    £   
FIXED ASSETS
Tangible assets 4 8,702 10,238

CURRENT ASSETS
Stocks 1,350 1,575
Debtors 5 2,497 1,812
Cash at bank 42,351 86,638
46,198 90,025
CREDITORS
Amounts falling due within one year 6 (151 ) (30,575 )
NET CURRENT ASSETS 46,047 59,450
TOTAL ASSETS LESS CURRENT
LIABILITIES

54,749

69,688

RESERVES
Income and expenditure account 54,749 69,688
54,749 69,688

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2022 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 27 April 2023 and were signed on its behalf by:



Mrs J C Adcock - Director



Dr M Wright - Director


TEAM WAVENEY SWIMMING CLUB LIMITED (REGISTERED NUMBER: 12336373)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2022

1. STATUTORY INFORMATION

Team Waveney Swimming Club Limited is a private company, limited by guarantee , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
The company considers itself to be exempt from corporation tax on activities as a members' club operating under mutual trading in so much as it being owned by its members and existing to provide them with the benefits of such.

Taxation is provided for on investment income as and when received by the club as and when it arises or any trading income not for the provision of services to members.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2021 - 2 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 January 2022
and 31 December 2022 14,082
DEPRECIATION
At 1 January 2022 3,844
Charge for year 1,536
At 31 December 2022 5,380
NET BOOK VALUE
At 31 December 2022 8,702
At 31 December 2021 10,238

TEAM WAVENEY SWIMMING CLUB LIMITED (REGISTERED NUMBER: 12336373)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2022

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.22 31.12.21
£    £   
Trade debtors 781 -
Other debtors 1,716 1,812
2,497 1,812

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.22 31.12.21
£    £   
Trade creditors - 8,604
Taxation and social security 151 281
Other creditors - 21,690
151 30,575

7. LIMITED BY GUARANTEE

Every member of the club undertakes to contribute an amount not exceeding £1 to the company's assets in the event of the company being wound up whilst a member or withing one year of cessation of membership, for the payment of the company's debts and liabilities contracted before cessation of membership and of the costs, charges and expenses of winding up the company and for the adjustment of the rights of the contributor's among themselves.