Company Registration No. 14261163 (England and Wales)
Royston Town Football Club Limited
Unaudited accounts
for the period from 1 August 2022 to 31 May 2023
Royston Town Football Club Limited
Unaudited accounts
Contents
Royston Town Football Club Limited
Company Information
for the period from 1 August 2022 to 31 May 2023
Directors
A Barlow
A Baulk
T Burrows
M Clowery
D Easley
S Endacott
J Gill
S Jackson
E Joyce
N Macleod
T McKinnell
A Toovey
Company Number
14261163 (England and Wales)
Registered Office
8A Garden Walk
Royston
Herts
SG8 7HP
Accountants
Blanche & Co
4E The Lanterns
16 Melbourn Street
Royston
Herts
SG8 7BX
Royston Town Football Club Limited
Statement of financial position
as at 31 May 2023
Cash at bank and in hand
(2,250)
Creditors: amounts falling due within one year
(61,069)
Net current liabilities
(13,801)
Total assets less current liabilities
92,532
Creditors: amounts falling due after more than one year
(34,697)
Capital contribution reserve
49,308
Profit and loss account
8,527
For the period ending 31 May 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 28 July 2023 and were signed on its behalf by
S Jackson
Director
Company Registration No. 14261163
Royston Town Football Club Limited
Notes to the Accounts
for the period from 1 August 2022 to 31 May 2023
Royston Town Football Club Limited is a private company, limited by guarantee, registered in England and Wales, registration number 14261163. The registered office is 8A Garden Walk, Royston , Herts, SG8 7HP.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
These financial statements for the period from 1 August 2022 to 31 May 2023 are the first financial statements that comply with FRS 102 Section 1A Small Entities. The date of transition is 1 August 2022.
The transition to FRS 102 Section 1A Small Entities has resulted in a small number of changes in accounting policies to those used previously.
The nature of these changes and their impact on opening equity and profit for the comparative period are explained in the notes below.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25% Reducing Balance
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell.
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
Royston Town Football Club Limited
Notes to the Accounts
for the period from 1 August 2022 to 31 May 2023
4
Tangible fixed assets
Land & buildings
Plant & machinery
Total
Cost or valuation
At cost
At cost
Additions
90,500
20,000
110,500
At 31 May 2023
90,500
20,000
110,500
Charge for the period
-
4,167
4,167
At 31 May 2023
-
4,167
4,167
At 31 May 2023
90,500
15,833
106,333
Amounts falling due within one year
6
Creditors: amounts falling due within one year
2023
Bank loans and overdrafts
10,000
Taxes and social security
2,285
7
Creditors: amounts falling due after more than one year
2023
Loans from directors
13,000
8
Company limited by guarantee
The company is limited by guarantee and has no share capital.
Every member of the company undertakes to contribute to the assets of the company, in the event of a winding up, such an amount as may be required not exceeding £1.
9
Average number of employees
During the period the average number of employees was 30.