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REGISTERED NUMBER: 03574031 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MAY 2023

FOR

BROMYARD TOWN FOOTBALL CLUB LIMITED

BROMYARD TOWN FOOTBALL CLUB LIMITED (REGISTERED NUMBER: 03574031)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


BROMYARD TOWN FOOTBALL CLUB LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MAY 2023







DIRECTORS: R N Greenhall
P J Haverfield
R A Haverfield
G W Woodward
R W Helme





SECRETARY: R A Haverfield





REGISTERED OFFICE: Delahay Meadow
Stourport Road
Bromyard
HR7 4NT





REGISTERED NUMBER: 03574031 (England and Wales)





ACCOUNTANTS: Cole & Co
4 The Sheepcote
Monks Orchard
Lumber Lane, Lugwardine
Hereford
Herefordshire
HR1 4AG

BROMYARD TOWN FOOTBALL CLUB LIMITED (REGISTERED NUMBER: 03574031)

BALANCE SHEET
31 MAY 2023

2023 2022
Notes £    £   
FIXED ASSETS
Tangible assets 4 23,901 28,199

CURRENT ASSETS
Stocks 303 457
Debtors 5 2,292 1,338
Cash at bank and in hand 33,700 28,682
36,295 30,477
CREDITORS
Amounts falling due within one year 6 (4,641 ) (4,213 )
NET CURRENT ASSETS 31,654 26,264
TOTAL ASSETS LESS CURRENT LIABILITIES 55,555 54,463

RESERVES
Grant reserve 7 2,083 2,561
Retained earnings 53,472 51,902
MEMBERS' FUNDS 55,555 54,463

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 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 profit or loss 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.

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 Profit and loss account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 28 December 2023 and were signed on its behalf by:




R A Haverfield - Director


BROMYARD TOWN FOOTBALL CLUB LIMITED (REGISTERED NUMBER: 03574031)

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

1. STATUTORY INFORMATION

Bromyard Town Football Club 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 statement have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

There were no material departures from Financial Reporting Standard 102 1A.

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.
Land and buildings - 15% on reducing balance
Plant and machinery etc - 33% on cost, 20% on reducing balance and 15% 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
As the company operates as a community amateur sports club, it is exempt from corporation tax.

HIRE PURCHASE AND LEASING COMMITMENTS
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2022 - 7 ) .

BROMYARD TOWN FOOTBALL CLUB LIMITED (REGISTERED NUMBER: 03574031)

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

4. TANGIBLE FIXED ASSETS
Fixtures
Ground Plant and and Computer
Improvements machinery fittings equipment Totals
£    £    £    £    £   
COST
At 1 June 2022 62,031 35,097 17,456 571 115,155
Additions - - 234 1,058 1,292
Disposals - - (146 ) - (146 )
At 31 May 2023 62,031 35,097 17,544 1,629 116,301
DEPRECIATION
At 1 June 2022 58,452 17,484 10,461 559 86,956
Charge for year 538 3,522 1,075 366 5,501
Eliminated on disposal - - (57 ) - (57 )
At 31 May 2023 58,990 21,006 11,479 925 92,400
NET BOOK VALUE
At 31 May 2023 3,041 14,091 6,065 704 23,901
At 31 May 2022 3,579 17,613 6,995 12 28,199

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 765 -
Other debtors 10 176
Prepayments 1,517 1,162
2,292 1,338

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 157 1,271
VAT 300 -
Other creditors 586 -
Accruals and deferred income 3,598 2,942
4,641 4,213

7. RESERVES
Grant
reserve
£   
At 1 June 2022 2,561
Transfer to P&L (478 )

At 31 May 2023 2,083