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REGISTERED NUMBER: 02603056 (England and Wales)




FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST MAY 2023

FOR

BRYMBO SPORTS AND SOCIAL COMPLEX LIMITED

BRYMBO SPORTS AND SOCIAL COMPLEX LIMITED (REGISTERED NUMBER: 02603056)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MAY 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


BRYMBO SPORTS AND SOCIAL COMPLEX LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST MAY 2023







DIRECTORS: M L Kendrick
A Jones
R P Rogers
I M Prince
J Miller
G A Brown



SECRETARY: M L Kendrick



REGISTERED OFFICE: College Hill
Tanyfron
Wrexham
LL11 5TF



REGISTERED NUMBER: 02603056 (England and Wales)



AUDITORS: M. D. Coxey and Co. Limited
Chartered Accountants
and Statutory Auditors
25 Grosvenor Road
Wrexham
LL11 1BT



BANKERS: National Westminster Bank plc
33, Lord Street
Wrexham
LL11 1LP

BRYMBO SPORTS AND SOCIAL COMPLEX LIMITED (REGISTERED NUMBER: 02603056)

BALANCE SHEET
31ST MAY 2023

31.5.23 31.5.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 30,219 21,718

CURRENT ASSETS
Stocks 5 16,915 14,767
Debtors 6 15,162 5,382
Cash at bank and in hand 44,821 60,509
76,898 80,658
CREDITORS
Amounts falling due within one year 7 65,168 52,282
NET CURRENT ASSETS 11,730 28,376
TOTAL ASSETS LESS CURRENT
LIABILITIES

41,949

50,094

RESERVES
Income and expenditure account 41,949 50,094
41,949 50,094

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 26th October 2023 and were signed on its behalf by:





M L Kendrick - Director


BRYMBO SPORTS AND SOCIAL COMPLEX LIMITED (REGISTERED NUMBER: 02603056)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MAY 2023

1. STATUTORY INFORMATION

Brymbo Sports and Social Complex 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.
Fixtures and fittings - 4-7 years

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

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to surplus or deficit on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Trust donations
Trust donations received in respect of contributions towards capital expenditure are written off over the useful economic lives of the related assets.

BRYMBO SPORTS AND SOCIAL COMPLEX LIMITED (REGISTERED NUMBER: 02603056)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST MAY 2023

2. ACCOUNTING POLICIES - continued

Financial instruments
The following assets and liabilities are classified as financial instruments - trade debtors and trade creditors.

Trade debtors and trade creditors are measured at the undiscounted amount of cash or other consideration expected to be paid or received.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 36 (2022 - 33 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
and
fittings
£   
COST
At 1st June 2022 468,552
Additions 19,306
Disposals (3,712 )
At 31st May 2023 484,146
DEPRECIATION
At 1st June 2022 446,834
Charge for year 10,410
Eliminated on disposal (3,317 )
At 31st May 2023 453,927
NET BOOK VALUE
At 31st May 2023 30,219
At 31st May 2022 21,718

5. STOCKS
31.5.23 31.5.22
£    £   
Stocks 16,915 14,767

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.23 31.5.22
£    £   
Other debtors 9,648 249
Prepayments and accrued income 5,514 5,133
15,162 5,382

BRYMBO SPORTS AND SOCIAL COMPLEX LIMITED (REGISTERED NUMBER: 02603056)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST MAY 2023

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.23 31.5.22
£    £   
Trade creditors 28,894 23,750
Social security and other taxes 13,542 9,917
Wage control 4,976 4,712
Brewery advance 5,906 -
Deferred donations 1,665 3,094
Accruals & deferred income 10,185 10,809
65,168 52,282

8. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Anthony Lewis (Senior Statutory Auditor)
for and on behalf of M. D. Coxey and Co. Limited

9. CAPITAL COMMITMENTS
31.5.23 31.5.22
£    £   
Contracted but not provided for in the
financial statements - -

10. GUARANTEES BY MEMBERS

The company is limited by guarantee, and at the year end had 684 ordinary members (2022: 683). In addition, there are a number of life members who joined when the company was set up following the closure of the Brymbo Steelworks.

Each member has undertaken to pay £1 to the company in the event that it is wound up.