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Registration number: 06538669

Hertfordshire Cricket Limited

(A company limited by guarantee)

Unaudited Financial Statements

for the Year Ended 30 September 2023

 

Hertfordshire Cricket Limited

Contents

Balance Sheet

1

Notes to the Unaudited Financial Statements

2 to 4

 

Hertfordshire Cricket Limited

(Registration number: 06538669)
Balance Sheet as at 30 September 2023

Note

2023
£

2022
£

Current assets

 

Debtors

5

18,728

18,436

Cash at bank and in hand

 

398,366

439,993

 

417,094

458,429

Creditors: Amounts falling due within one year

6

(143,208)

(238,784)

Net assets

 

273,886

219,645

Reserves

 

Retained earnings

273,886

219,645

Surplus

 

273,886

219,645

For the financial year ending 30 September 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 accounts for the year in question in accordance with section 476; and

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.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 29 January 2024 and signed on its behalf by:
 

.........................................
N Gilbert
Director

 

Hertfordshire Cricket Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2023

1

General information

The company is a company limited by guarantee, incorporated in England and Wales.

The address of its registered office is:
18-20 High Street
Stevenage
Hertfordshire
SG1 3EJ

The principal place of business is:
PO Box 610
Welwyn Garden City
Hertfordshire
AL7 9QR

These financial statements were authorised for issue by the Board on 29 January 2024.

2

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 were prepared in accordance with Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland and the Companies Act 2006'.

Basis of preparation

These financial statements have been prepared using the historical cost convention.
The financial statements are prepared in sterling, which is the functional currency of the entity.

 

Hertfordshire Cricket Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2023

Judgements

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 comprises the fair value of the consideration received or receivable for the provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, 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.

The company also receive funding from various sporting boards and charities. This funding is recognised in income on a systematic basis over the periods in which the business recognises related costs which the funding is intended to compensate.
Any funding that becomes receivable as compensation for expenses or losses already incurred or for the purpose of giving immediate financial support to the entitiy with no future related costs shall be recognised in income in the period in which is becomes receivable.

Tax

The company is a non profit making organisation and is therefore not liable for corporation tax.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand.

Trade debtors

Trade debtors are amounts due from customers for services performed in the ordinary course of business.

Trade debtors are recognised at the transaction price.

Trade debtors are reviewed on an annual basis for any bad debts and any adjustment is made accordingly through the profit and loss.

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 at the transaction price.

 

Hertfordshire Cricket Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2023

3 Limited by guarantee


Every member of the company undertakes to contribute to the assets of the company, in the event of its being wound up while they are a member or within one year afterwards for payment of the debts and liabilities of the company contracted before they cease to be a member and the costs, charges and expenses of winding up and for the adjustment of the rights of the contributories among themselves such amount as may be required not exceeding £1. At 30 September 2023 there were 2 members (2022: 2).

 

4

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 11 (2022 - 10).

5

Debtors

Current

2023
£

2022
£

Trade debtors

4,514

1,180

Prepayments

14,060

16,147

Other debtors

154

1,109

 

18,728

18,436

6

Creditors

Creditors: amounts falling due within one year

2023
£

2022
£

Due within one year

Trade creditors

875

20,812

Taxation and social security

9,559

7,164

Accruals and deferred income

130,901

209,321

Other creditors

1,873

1,487

143,208

238,784