19 false false false false false false false false false true false false false false false false No description of principal activity 2022-07-01 Sage Accounts Production Advanced 2021 - FRS102_2021 349,954 2,466 352,420 352,420 349,954 xbrli:pure xbrli:shares iso4217:GBP 03926705 2022-07-01 2023-06-30 03926705 2023-06-30 03926705 2022-06-30 03926705 2021-07-01 2022-06-30 03926705 2022-06-30 03926705 core:LandBuildings core:LongLeaseholdAssets 2022-07-01 2023-06-30 03926705 core:FurnitureFittings 2022-07-01 2023-06-30 03926705 bus:Director1 2022-07-01 2023-06-30 03926705 bus:Director3 2022-07-01 2023-06-30 03926705 core:LandBuildings core:LongLeaseholdAssets 2022-06-30 03926705 core:FurnitureFittings 2022-06-30 03926705 core:LandBuildings core:LongLeaseholdAssets 2023-06-30 03926705 core:FurnitureFittings 2023-06-30 03926705 core:WithinOneYear 2023-06-30 03926705 core:WithinOneYear 2022-06-30 03926705 core:OtherReservesSubtotal 2023-06-30 03926705 core:OtherReservesSubtotal 2022-06-30 03926705 core:RetainedEarningsAccumulatedLosses 2023-06-30 03926705 core:RetainedEarningsAccumulatedLosses 2022-06-30 03926705 core:CostValuation core:Non-currentFinancialInstruments 2022-06-30 03926705 core:Non-currentFinancialInstruments core:RevaluationsIncreaseDecreaseInInvestments 2023-06-30 03926705 core:CostValuation core:Non-currentFinancialInstruments 2023-06-30 03926705 core:Non-currentFinancialInstruments 2023-06-30 03926705 core:Non-currentFinancialInstruments 2022-06-30 03926705 core:LandBuildings core:LongLeaseholdAssets 2022-06-30 03926705 core:FurnitureFittings 2022-06-30 03926705 bus:SmallEntities 2022-07-01 2023-06-30 03926705 bus:AuditExemptWithAccountantsReport 2022-07-01 2023-06-30 03926705 bus:FullAccounts 2022-07-01 2023-06-30 03926705 bus:SmallCompaniesRegimeForAccounts 2022-07-01 2023-06-30 03926705 bus:CompanyLimitedByGuarantee 2022-07-01 2023-06-30
COMPANY REGISTRATION NUMBER: 03926705
Berks & Bucks Football Association Limited
Company Limited by Guarantee
Filleted Unaudited Financial Statements
30 June 2023
Berks & Bucks Football Association Limited
Company Limited by Guarantee
Statement of Financial Position
30 June 2023
2023
2022
Note
£
£
Fixed assets
Tangible assets
6
56,055
61,273
Investments
7
352,420
349,954
---------
---------
408,475
411,227
Current assets
Debtors
8
44,912
31,632
Cash at bank and in hand
318,952
277,445
---------
---------
363,864
309,077
Creditors: amounts falling due within one year
9
226,637
187,445
---------
---------
Net current assets
137,227
121,632
---------
---------
Total assets less current liabilities
545,702
532,859
---------
---------
Net assets
545,702
532,859
---------
---------
Capital and reserves
Other reserves
10
14,889
14,889
Profit and loss account
10
530,813
517,970
---------
---------
Members funds
545,702
532,859
---------
---------
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 30 June 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 .
Berks & Bucks Football Association Limited
Company Limited by Guarantee
Statement of Financial Position (continued)
30 June 2023
These financial statements were approved by the board of directors and authorised for issue on 16 November 2023 , and are signed on behalf of the board by:
Mr G Cardno
Miss E Verrall
Director
Director
Company registration number: 03926705
Berks & Bucks Football Association Limited
Company Limited by Guarantee
Notes to the Financial Statements
Year ended 30 June 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 1st Floor, Stratton Court, Kimber Road, Abingdon, Oxfordshire, OX14 1SG.
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.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied and services rendered, stated net of discounts and of Value Added Tax.
Income tax
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
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. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.
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:
Long leasehold property
-
5% straight line
Fixtures and fittings
-
25% straight line
Investments
Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses.
Listed investments are measured at fair value with changes in fair value being recognised in profit or loss.
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.
Government grants
Government grants are recognised at the fair value of the asset received or receivable. Grants are not recognised until there is reasonable assurance that the company will comply with the conditions attaching to them and the grants will be received. Government grants are recognised using the accrual model. Under the accrual model, government grants relating to revenue are recognised on a systematic basis over the periods in which the company recognises the related costs for which the grant is intended to compensate. Grants that are receivable as compensation for expenses or losses already incurred or for the purpose of giving immediate financial support to the entity with no future related costs are recognised in income in the period in which it becomes receivable. Grants relating to assets are recognised in income on a systematic basis over the expected useful life of the asset. Where part of a grant relating to an asset is deferred, it is recognised as deferred income and not deducted from the carrying amount of the asset.
Financial instruments
The company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares. Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the Statement of Income and Retained Earnings.
Defined contribution plans
Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund.
4. Company limited by guarantee
The company is limited by guarantee, not having a share capital and consequently the liability of members is limited. In the event of the company being wound up, all persons who are members of the company or who ceased to be a member within one year preceding the winding up order, are liable to the sum of £10 towards any resulting deficit.
5. Employee numbers
The average number of persons employed by the company during the year amounted to 19 (2022: 16 ).
6. Tangible assets
Leasehold Improvements
Fixtures and fittings
Total
£
£
£
Cost
At 1 July 2022
84,686
99,832
184,518
Additions
2,295
2,295
--------
---------
---------
At 30 June 2023
84,686
102,127
186,813
--------
---------
---------
Depreciation
At 1 July 2022
30,992
92,253
123,245
Charge for the year
4,234
3,279
7,513
--------
---------
---------
At 30 June 2023
35,226
95,532
130,758
--------
---------
---------
Carrying amount
At 30 June 2023
49,460
6,595
56,055
--------
---------
---------
At 30 June 2022
53,694
7,579
61,273
--------
---------
---------
7. Investments
Other investments other than loans
£
Cost
At 1 July 2022
349,954
Revaluations
2,466
---------
At 30 June 2023
352,420
---------
Impairment
At 1 July 2022 and 30 June 2023
---------
Carrying amount
At 30 June 2023
352,420
---------
At 30 June 2022
349,954
---------
8. Debtors
2023
2022
£
£
Trade debtors
13,509
760
Other debtors
31,403
30,872
--------
--------
44,912
31,632
--------
--------
9. Creditors: amounts falling due within one year
2023
2022
£
£
Trade creditors
33,524
28,994
Social security and other taxes
16,444
11,610
Other creditors
176,669
146,841
---------
---------
226,637
187,445
---------
---------
10. Reserves
Other reserves represent the designated fund for referee CRB support. Berks & Bucks Football Association Limited also holds funds amounting to £16,465 (2022: £17,123) on behalf of The Support Fund. These balances do not form part of the financial statements.
11. Other financial commitments
The company has future operating lease commitments, which are not included in the balance sheet, of £162,698 (2022: £283,399). The commitment represents the total amount payable by the company until the next available break clause within the premises lease agreement.