4 31/05/2023 2023-05-31 false false false false false false false false false false true false false true false false false false false true false No description of principal activities is disclosed 2022-06-01 Sage Accounts Production 21.0 - FRS102_2021 xbrli:pure xbrli:shares iso4217:GBP 12227489 2022-06-01 2023-05-31 12227489 2023-05-31 12227489 2022-05-31 12227489 2021-06-01 2022-05-31 12227489 2022-05-31 12227489 core:FurnitureFittingsToolsEquipment 2022-06-01 2023-05-31 12227489 bus:Director2 2022-06-01 2023-05-31 12227489 core:FurnitureFittingsToolsEquipment 2022-05-31 12227489 core:FurnitureFittingsToolsEquipment 2023-05-31 12227489 core:WithinOneYear 2023-05-31 12227489 core:WithinOneYear 2022-05-31 12227489 core:RetainedEarningsAccumulatedLosses 2023-05-31 12227489 core:RetainedEarningsAccumulatedLosses 2022-05-31 12227489 core:FurnitureFittingsToolsEquipment 2022-05-31 12227489 bus:SmallEntities 2022-06-01 2023-05-31 12227489 bus:AuditExempt-NoAccountantsReport 2022-06-01 2023-05-31 12227489 bus:FullAccounts 2022-06-01 2023-05-31 12227489 bus:SmallCompaniesRegimeForAccounts 2022-06-01 2023-05-31 12227489 bus:CompanyLimitedByGuarantee 2022-06-01 2023-05-31
Company registration number: 12227489
Stockton Rugby Football Club Limited
Company limited by guarantee
Unaudited filleted financial statements
31 May 2023
Stockton Rugby Football Club Limited
Company limited by guarantee
Contents
Statement of financial position
Notes to the financial statements
Stockton Rugby Football Club Limited
Company limited by guarantee
Statement of financial position
31 May 2023
2023 2022
Note £ £ £ £
Fixed assets
Tangible assets 6 19,071 25,332
_______ _______
19,071 25,332
Current assets
Debtors 7 21,649 4,066
Cash at bank and in hand 38,737 70,034
_______ _______
60,386 74,100
Creditors: amounts falling due
within one year 8 ( 15,975) ( 20,733)
_______ _______
Net current assets 44,411 53,367
_______ _______
Total assets less current liabilities 63,482 78,699
_______ _______
Net assets 63,482 78,699
_______ _______
Capital and reserves
Profit and loss account 9 63,482 78,699
_______ _______
Members funds 63,482 78,699
_______ _______
For the year ending 31 May 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.
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 comprehensive income has not been delivered.
These financial statements were approved by the board of directors and authorised for issue on 09 February 2004 , and are signed on behalf of the board by:
N P Moore
Director
Company registration number: 12227489
Stockton Rugby Football Club Limited
Company limited by guarantee
Notes to the financial statements
Year ended 31 May 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 52A Oxbridge Avenue, Stockton on Tees, TS18 4JF.
2. Statement of compliance
These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and 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.
Turnover
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax.
Taxation
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, 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 are 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 capital and reserves, 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 capital and reserves in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in capital and reserves 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:
Fittings fixtures and equipment - 20 % straight line
If there is an indication that there has been a significant change in depreciation rate, useful life or residual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates.
Impairment
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. When it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that are largely independent of the cash inflows from other assets or groups of assets.
Financial instruments
A financial asset or a financial liability is recognised only when the company becomes a party to the contractual provisions of the instrument.
4. Limited by guarantee
Stockton Rugby Football Club Limited is a company limited by guarantee and accordingly does not have a share capital.
5. Employee numbers
The average number of persons employed by the company during the year amounted to 4 (2022: 4 ).
6. Tangible assets
Fixtures, fittings and equipment Total
£ £
Cost
At 1 June 2022 34,905 34,905
Additions 900 900
_______ _______
At 31 May 2023 35,805 35,805
_______ _______
Depreciation
At 1 June 2022 9,573 9,573
Charge for the year 7,161 7,161
_______ _______
At 31 May 2023 16,734 16,734
_______ _______
Carrying amount
At 31 May 2023 19,071 19,071
_______ _______
At 31 May 2022 25,332 25,332
_______ _______
7. Debtors
2023 2022
£ £
Other debtors 21,649 4,066
_______ _______
Other debtors represents a balance due from the unincorporated club and is represented wholly by a bank account balance to be transferred to the limited by guarantee company.
8. Creditors: amounts falling due within one year
2023 2022
£ £
Other creditors 15,975 20,733
_______ _______
9. Reserves
The prior period adjustment relates to a bounce back loan received by the former unincorporated entity. The assets and liabilities of the unincorporated entity were transferred to the Limited Company on incorporation.
The Limited Company will fund the repayment of the bounce back loan until it is fully discharged.