Registered number
09662805
Thornhill Cricket and Bowling Club Limited
Filleted Accounts
31 March 2023
Thornhill Cricket and Bowling Club Limited
Registered number: 09662805
Balance Sheet
as at 31 March 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 112,101 122,774
112,101 122,774
Current assets
Stocks 5,834 4,570
Debtors 4 2,882 3,273
Cash at bank and in hand 25,932 27,928
34,648 35,771
Creditors: amounts falling due within one year 5 (12,039) (9,597)
Net current assets 22,609 26,174
Total assets less current liabilities 134,710 148,948
Creditors: amounts falling due after more than one year 6 (49,741) (50,322)
Net assets 84,969 98,626
Capital and reserves
Profit and loss account 84,969 98,626
Shareholders' funds 84,969 98,626
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.
Wade Hyde
Director
Approved by the board on 29 September 2023
Thornhill Cricket and Bowling Club Limited
Notes to the Accounts
for the year ended 31 March 2023
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).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes.
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:
Land and buildings 2% on cost
Plant and machinery etc 15% on reducing balance and 10% on cost
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Leased assets
A lease is classified as a finance lease if it transfers substantially all the risks and rewards incidental to ownership. All other leases are classified as operating leases. The rights of use and obligations under finance leases are initially recognised as assets and liabilities at amounts equal to the fair value of the leased assets or, if lower, the present value of the minimum lease payments. Minimum lease payments are apportioned between the finance charge and the reduction in the outstanding liability using the effective interest rate method. The finance charge is allocated to each period during the lease so as to produce a constant periodic rate of interest on the remaining balance of the liability. Leased assets are depreciated in accordance with the company's policy for tangible fixed assets. If there is no reasonable certainty that ownership will be obtained at the end of the lease term, the asset is depreciated over the lower of the lease term and its useful life. Operating lease payments are recognised as an expense on a straight line basis over the lease term.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 10 12
3 Tangible fixed assets
Land and buildings Plant and machinery etc Total
£ £ £
Cost
At 1 April 2022 131,390 146,468 277,858
At 31 March 2023 131,390 146,468 277,858
Depreciation
At 1 April 2022 67,487 87,597 155,084
Charge for the year 2,627 8,046 10,673
At 31 March 2023 70,114 95,643 165,757
Net book value
At 31 March 2023 61,276 50,825 112,101
At 31 March 2022 63,903 58,871 122,774
4 Debtors 2023 2022
£ £
Other debtors 2,882 3,273
5 Creditors: amounts falling due within one year 2023 2022
£ £
Trade creditors 7,423 7,718
Taxation and social security costs 2,737 814
Other creditors 1,879 1,065
12,039 9,597
6 Creditors: amounts falling due after one year 2023 2022
£ £
Other creditors 49,741 50,322
7 Other information
Thornhill Cricket and Bowling Club Limited is a private company limited by shares and incorporated in England. Its registered office is:
The Combs
Thornhill
Dewsbury
WF12 0QL
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