IRIS Accounts Production v23.1.0.753 00910304 Board of Directors Board of Directors 1.4.22 31.3.23 31.3.23 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pure009103042022-03-31009103042023-03-31009103042022-04-012023-03-31009103042021-03-31009103042021-04-012022-03-31009103042022-03-3100910304ns15:EnglandWales2022-04-012023-03-3100910304ns14:PoundSterling2022-04-012023-03-3100910304ns10:Director12022-04-012023-03-3100910304ns10:Director22022-04-012023-03-3100910304ns10:CompanyLimitedByGuarantee2022-04-012023-03-3100910304ns10:SmallEntities2022-04-012023-03-3100910304ns10:AuditExempt-NoAccountantsReport2022-04-012023-03-3100910304ns10:SmallCompaniesRegimeForDirectorsReport2022-04-012023-03-3100910304ns10:SmallCompaniesRegimeForAccounts2022-04-012023-03-3100910304ns10:FullAccounts2022-04-012023-03-3100910304ns10:Director32022-04-012023-03-3100910304ns10:Director42022-04-012023-03-3100910304ns10:Director52022-04-012023-03-3100910304ns10:Director62022-04-012023-03-3100910304ns10:Director72022-04-012023-03-3100910304ns10:Director82022-04-012023-03-3100910304ns10:Director92022-04-012023-03-3100910304ns10:RegisteredOffice2022-04-012023-03-3100910304ns5:CurrentFinancialInstruments2023-03-3100910304ns5:CurrentFinancialInstruments2022-03-3100910304ns5:Non-currentFinancialInstruments2023-03-3100910304ns5:Non-currentFinancialInstruments2022-03-3100910304ns5:FurtherSpecificReserve1ComponentTotalEquity2023-03-3100910304ns5:FurtherSpecificReserve1ComponentTotalEquity2022-03-3100910304ns5:RetainedEarningsAccumulatedLosses2023-03-3100910304ns5:RetainedEarningsAccumulatedLosses2022-03-3100910304ns5:PlantMachinery2022-04-012023-03-3100910304ns5:LandBuildings2022-03-3100910304ns5:PlantMachinery2022-03-3100910304ns5:LandBuildings2022-04-012023-03-3100910304ns5:LandBuildings2023-03-3100910304ns5:PlantMachinery2023-03-3100910304ns5:LandBuildings2022-03-3100910304ns5:PlantMachinery2022-03-3100910304ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-03-3100910304ns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-03-31
REGISTERED NUMBER: 00910304 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023

FOR

VICTORY BOWLS ASSOCIATION LIMITED

VICTORY BOWLS ASSOCIATION LIMITED (REGISTERED NUMBER: 00910304)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


VICTORY BOWLS ASSOCIATION LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2023







DIRECTORS: Lady P Hopkins
C A Bailey
S Filippi
Mrs M J Orchard
A D Ayling
Mrs K A Patrick
Mrs D Summers
R Jacobs
T Bailey


REGISTERED OFFICE: Alex Way
Alexandra Park
Portsmouth
Hampshire
PO2 9PB


REGISTERED NUMBER: 00910304 (England and Wales)


ACCOUNTANTS: AMR Bookkeeping & Accounts Limited
4 Spur Road
Cosham
PORTSMOUTH
Hampshire
PO6 3EB


BANKERS: The Co-operative Bank PLC
P O Box 250
Skelmersdale
Lancashire
WN8 6WT

VICTORY BOWLS ASSOCIATION LIMITED (REGISTERED NUMBER: 00910304)

BALANCE SHEET
31 MARCH 2023

31.3.23 31.3.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 390,362 397,953

CURRENT ASSETS
Stocks 5,793 4,193
Debtors 5 19,488 15,044
Cash at bank and in hand 104,980 146,888
130,261 166,125
CREDITORS
Amounts falling due within one year 6 40,875 75,143
NET CURRENT ASSETS 89,386 90,982
TOTAL ASSETS LESS CURRENT
LIABILITIES

479,748

488,935

CREDITORS
Amounts falling due after more than one year 7 (3,000 ) (3,000 )

ACCRUALS AND DEFERRED INCOME (23,281 ) (32,227 )
NET ASSETS 453,467 453,708

RESERVES
Other reserves 355,826 355,826
Income and expenditure account 97,641 97,882
453,467 453,708

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 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.

VICTORY BOWLS ASSOCIATION LIMITED (REGISTERED NUMBER: 00910304)

BALANCE SHEET - continued
31 MARCH 2023


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 18 October 2023 and were signed on its behalf by:




S Filippi - Director



Lady P Hopkins - Director


VICTORY BOWLS ASSOCIATION LIMITED (REGISTERED NUMBER: 00910304)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023


1. STATUTORY INFORMATION

Victory Bowls Association 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.
Plant and machinery etc - 25% on reducing balance

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 Income Statement, 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.

VICTORY BOWLS ASSOCIATION LIMITED (REGISTERED NUMBER: 00910304)

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


2. ACCOUNTING POLICIES - continued

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2022 - 4 ) .

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 April 2022
and 31 March 2023 360,000 327,716 687,716
DEPRECIATION
At 1 April 2022 - 289,763 289,763
Charge for year - 7,591 7,591
At 31 March 2023 - 297,354 297,354
NET BOOK VALUE
At 31 March 2023 360,000 30,362 390,362
At 31 March 2022 360,000 37,953 397,953

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Trade debtors 10,997 9,585
Other debtors 8,491 5,459
19,488 15,044

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Trade creditors 8,436 7,857
Taxation and social security 417 28,351
Other creditors 32,022 38,935
40,875 75,143

VICTORY BOWLS ASSOCIATION LIMITED (REGISTERED NUMBER: 00910304)

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


7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.23 31.3.22
£    £   
Other creditors 3,000 3,000