Registration number:
Gosford All Blacks RFC
(A company limited by guarantee)
for the Year Ended 31 March 2023
Gosford All Blacks RFC
Contents
Company Information |
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Directors' Report |
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Accountants' Report |
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Profit and Loss Account |
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Balance Sheet |
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Statement of Changes in Equity |
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Notes to the Unaudited Financial Statements |
Gosford All Blacks RFC
Company Information
Directors |
Mr R V Benito Mr R W Eynon Mr M R Gardner Miss R L Hill Mr D J Hipkiss Mr P O S T Peirsegaele Mr M Wittet Ms S Blizzard Mr D Rea Mr J P Hartley Mr S Durley |
Registered office |
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Accountants |
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Gosford All Blacks RFC
Directors' Report for the Year Ended 31 March 2023
The directors present their report and the financial statements for the year ended 31 March 2023.
Directors of the company
The directors who held office during the year were as follows:
The following director was appointed after the year end:
Principal activity
The principal activity of the company is that of a sports club
The club has enjoyed a full season after two years of disruption due to COVID. Two new teams were added during the year, a Women’s team and an Under 16s Boys Team.
The club achieved a small surplus of £550 for the year (2022 - surplus of £1,498). This reduction is primarily due to the loss of one of the club’s long term sponsors. Additional fundraising efforts have mitigated this somewhat and action is underway to seek a replacement sponsor for the coming season.
Cash at bank and in hand increased to £49,980 at 31 March 2023 (2022 - £47,873).
Small companies provision statement
This report has been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.
Approved by the
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Director
Chartered Accountants' Report to the Board of Directors on the Preparation of the Unaudited Statutory Accounts of
Gosford All Blacks RFC
for the Year Ended 31 March 2023
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Gosford All Blacks RFC for the year ended 31 March 2023 as set out on pages 4 to 9 from the company's accounting records and from information and explanations you have given us.
As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at
http://www.icaew.com/regulation.
This report is made solely to the Board of Directors of Gosford All Blacks RFC, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of Gosford All Blacks RFC and state those matters that we have agreed to state to the Board of Directors of Gosford All Blacks RFC, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Gosford All Blacks RFC and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that Gosford All Blacks RFC has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Gosford All Blacks RFC. You consider that Gosford All Blacks RFC is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of Gosford All Blacks RFC. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.
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Chartered Accountants
Oxford
OX1 3LE
Gosford All Blacks RFC
Profit and Loss Account for the Year Ended 31 March 2023
Note |
2023 |
2022 |
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Turnover |
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Cost of sales |
( |
( |
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Gross surplus |
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Administrative expenses |
( |
( |
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Other operating income |
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Operating surplus |
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Other interest receivable and similar income |
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Interest payable and similar expenses |
( |
- |
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Surplus before tax |
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Surplus for the financial year |
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The above results were derived from continuing operations.
The company has no recognised gains or losses for the year other than the results above.
Gosford All Blacks RFC
(Registration number: 09017632)
Balance Sheet as at 31 March 2023
Note |
2023 |
2022 |
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Fixed assets |
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Tangible assets |
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Current assets |
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Stocks |
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Debtors |
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Cash at bank and in hand |
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Creditors: Amounts falling due within one year |
( |
( |
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Net current assets |
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Net assets |
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Reserves |
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Retained earnings |
38,195 |
37,645 |
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Surplus |
38,195 |
37,645 |
For the financial 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.
Directors' responsibilities:
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The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts. |
These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.
Approved and authorised by the
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Gosford All Blacks RFC
Statement of Changes in Equity for the Year Ended 31 March 2023
Profit and loss account |
Total |
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At 1 April 2022 |
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Surplus for the year |
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At 31 March 2023 |
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Profit and loss account |
Total |
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At 1 April 2021 |
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Surplus for the year |
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Total comprehensive income |
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At 31 March 2022 |
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Gosford All Blacks RFC
Notes to the Unaudited Financial Statements for the Year Ended 31 March 2023
General information |
The company is a company limited by guarantee, incorporated in England and Wales, and consequently does not have share capital. Each of the members is liable to contribute an amount not exceeding £1 towards the assets of the company in the event of liquidation.
The address of its registered office is:
United Kingdom
Accounting policies |
Summary of significant accounting policies and key accounting estimates
The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.
Statement of compliance
These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).
Basis of preparation
These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.
Revenue recognition
Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of returns, rebates and discounts.
The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.
Tangible assets
Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.
Gosford All Blacks RFC
Notes to the Unaudited Financial Statements for the Year Ended 31 March 2023
Depreciation
Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:
Asset class |
Depreciation method and rate |
Equipment |
33% straight line |
Cash and cash equivalents
Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.
Trade debtors
Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.
Trade debtors are recognised initially at the transaction price. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.
Trade creditors
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.
Trade creditors are recognised initially at the transaction price.
Grants and other income received for specified purposes which have not been spent, are treated as deferred revenue.
Staff numbers |
The average number of persons employed by the company (including directors) during the year, was
Profit before tax |
Arrived at after charging/(crediting)
2023 |
2022 |
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Depreciation expense |
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Gosford All Blacks RFC
Notes to the Unaudited Financial Statements for the Year Ended 31 March 2023
Tangible assets |
Equipment |
Total |
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Cost or valuation |
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At 1 April 2022 |
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At 31 March 2023 |
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Depreciation |
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At 1 April 2022 |
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Charge for the year |
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At 31 March 2023 |
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Carrying amount |
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At 31 March 2023 |
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At 31 March 2022 |
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Stocks |
2023 |
2022 |
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Other inventories |
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Debtors |
2023 |
2022 |
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Trade debtors |
- |
- |
Prepayments |
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Accrued income |
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- |
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Creditors |
Creditors: amounts falling due within one year
2023 |
2022 |
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Due within one year |
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Trade creditors |
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- |
Accruals and deferred income |
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Other creditors |
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- |
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