Company Registration No. 06353823 (England and Wales)
The Somers Sports and Social Club Limited
Unaudited accounts
for the year ended 31 March 2023
The Somers Sports and Social Club Limited
Unaudited accounts
Contents
The Somers Sports and Social Club Limited
Company Information
for the year ended 31 March 2023
Directors
Mr S Maher
Mr Matthew Baker
Mr Brian Wood
Mrs Helen Maher
Sarah-Louise Chatwin
Company Number
06353823 (England and Wales)
Registered Office
The Grange
Grange Hill
Halesowen
West Midlands
B62 0JH
The Somers Sports and Social Club Limited
Statement of financial position
as at 31 March 2023
Tangible assets
21,478
20,077
Cash at bank and in hand
19,310
13,258
Creditors: amounts falling due within one year
(72,471)
(57,039)
Net current liabilities
(20,528)
(33,151)
Total assets less current liabilities
950
(13,074)
Creditors: amounts falling due after more than one year
-
(1,967)
Net assets/(liabilities)
950
(15,041)
Profit and loss account
950
(15,041)
Members' funds
950
(15,041)
For the year ending 31 March 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 12 October 2023 and were signed on its behalf by
Mrs Helen Maher
Director
Company Registration No. 06353823
The Somers Sports and Social Club Limited
Notes to the Accounts
for the year ended 31 March 2023
The Somers Sports and Social Club Limited is a private company, limited by guarantee, registered in England and Wales, registration number 06353823. The registered office is The Grange, Grange Hill, Halesowen, West Midlands, B62 0JH.
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.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
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 represents the value, net of VAT and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
Tangible fixed assets policy
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
10% Reducing balance
Stocks and work-in-progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items. Cost includes all direct expenditure and an appropriate proportion of fixed and variable overheads.
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.
The Somers Sports and Social Club Limited
Notes to the Accounts
for the year ended 31 March 2023
4
Tangible fixed assets
Fixtures & fittings
Amounts falling due within one year
Accrued income and prepayments
27,624
4,896
6
Creditors: amounts falling due within one year
2023
2022
Trade creditors
28,607
29,155
Taxes and social security
2,023
654
Deferred income
19,383
4,200
7
Creditors: amounts falling due after more than one year
2023
2022
Creditors due after more than one year are brewery loans. These loans are repayable by way of barrelage discounts received.
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 year the average number of employees was 21 (2022: 21).