0 false false false false false false false false false false true false false false false false false No description of principal activity 2022-03-02 Sage Accounts Production Advanced 2023 - FRS102_2023 1,808 1,593 3,401 398 850 1,248 2,153 1,410 xbrli:pure xbrli:shares iso4217:GBP 12477802 2022-03-02 2023-03-01 12477802 2023-03-01 12477802 2022-03-01 12477802 2021-03-01 2022-03-01 12477802 2022-03-01 12477802 2021-02-28 12477802 bus:Director3 2022-03-02 2023-03-01 12477802 core:WithinOneYear 2023-03-01 12477802 core:WithinOneYear 2022-03-01 12477802 core:RetainedEarningsAccumulatedLosses 2023-03-01 12477802 core:RetainedEarningsAccumulatedLosses 2022-03-01 12477802 bus:SmallEntities 2022-03-02 2023-03-01 12477802 bus:AuditExemptWithAccountantsReport 2022-03-02 2023-03-01 12477802 bus:SmallCompaniesRegimeForAccounts 2022-03-02 2023-03-01 12477802 bus:CompanyLimitedByGuarantee 2022-03-02 2023-03-01 12477802 bus:FullAccounts 2022-03-02 2023-03-01 12477802 core:FurnitureFittingsToolsEquipment 2022-03-02 2023-03-01 12477802 core:FurnitureFittingsToolsEquipment 2022-03-01 12477802 core:FurnitureFittingsToolsEquipment 2023-03-01
COMPANY REGISTRATION NUMBER: 12477802
East Kent Youth Football League Limited
Company Limited by Guarantee
Filleted Unaudited Financial Statements
1 March 2023
East Kent Youth Football League Limited
Company Limited by Guarantee
Financial Statements
Year ended 1 March 2023
Contents
Page
Statement of financial position
1
Notes to the financial statements
3
East Kent Youth Football League Limited
Company Limited by Guarantee
Statement of Financial Position
1 March 2023
2023
2022
Note
£
£
Fixed assets
Tangible assets
6
2,153
1,410
Current assets
Cash at bank and in hand
40,595
49,659
Creditors: amounts falling due within one year
7
2,000
2,000
--------
--------
Net current assets
38,595
47,659
--------
--------
Total assets less current liabilities
40,748
49,069
--------
--------
Net assets
40,748
49,069
--------
--------
Capital and reserves
Profit and loss account
40,748
49,069
--------
--------
Members funds
40,748
49,069
--------
--------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the year ending 1 March 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
East Kent Youth Football League Limited
Company Limited by Guarantee
Statement of Financial Position (continued)
1 March 2023
These financial statements were approved by the board of directors and authorised for issue on 29 June 2023 , and are signed on behalf of the board by:
Mr K N Vaughan
Director
Company registration number: 12477802
East Kent Youth Football League Limited
Company Limited by Guarantee
Notes to the Financial Statements
Year ended 1 March 2023
1. General information
The company is a private company limited by guarantee, registered in England and Wales. The address of the registered office is 6 Dove Close, Herne, Herne Bay, Kent, CT6 7HS, United Kingdom.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Judgements and key sources of estimation uncertainty
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors including expectations of future events that are believed to be reasonable under the circumstances.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for services rendered, stated net of discounts.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Equipment
-
25% straight line
Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.
Financial instruments
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses. Loans and borrowings are initially recognised at transaction price including transaction costs. Subsequently, they are measured at amortised cost using the effective interest rate method, less impairment. If an arrangement constitutes a finance transaction it is measured at present value.
4. Company limited by guarantee
The company is a company limited by guarantee. The members of the company are named on page 1. In the event of the company being wound up, the liability in respect of the guarantee is £1 per member of the company.
5. Employee numbers
During the period the average number of persons employed, including directors, was 4 (2022: 4).
6. Tangible assets
Equipment
£
Cost
At 2 March 2022
1,808
Additions
1,593
-------
At 1 March 2023
3,401
-------
Depreciation
At 2 March 2022
398
Charge for the year
850
-------
At 1 March 2023
1,248
-------
Carrying amount
At 1 March 2023
2,153
-------
At 1 March 2022
1,410
-------
7. Creditors: amounts falling due within one year
2023
2022
£
£
Other creditors
2,000
2,000
-------
-------
8. Related party transactions
During the prior year, the East Kent Youth League reserves were transferred into the company and these have been included within other operating income.