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REGISTERED NUMBER: 07130083 (England and Wales)














Financial Statements

for the Year Ended 31 December 2023

for

Bala Town Football Club Limited

Bala Town Football Club Limited (Registered number: 07130083)






Contents of the Financial Statements
for the Year Ended 31 December 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Bala Town Football Club Limited

Company Information
for the Year Ended 31 December 2023







DIRECTORS: Mr N J Aykroyd
Ms R L Crump
Mr A G Roberts





REGISTERED OFFICE: The Pavilion Maes Tegid
Castle Street
Bala
Gwynedd
LL23 7UY





REGISTERED NUMBER: 07130083 (England and Wales)





AUDITORS: Freedman Frankl & Taylor
Statutory Auditors
Chartered Accountants
Reedham House
31 King Street West
Manchester
M3 2PJ

Bala Town Football Club Limited (Registered number: 07130083)

Balance Sheet
31 December 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 178,570 168,024

CURRENT ASSETS
Debtors 5 3,966 4,817
Cash at bank 165,631 313,264
169,597 318,081
CREDITORS
Amounts falling due within one year 6 123,365 118,572
NET CURRENT ASSETS 46,232 199,509
TOTAL ASSETS LESS CURRENT
LIABILITIES

224,802

367,533

CREDITORS
Amounts falling due after more than one
year

7

(266,136

)

(272,720

)

PROVISIONS FOR LIABILITIES - (16,496 )
NET (LIABILITIES)/ASSETS (41,334 ) 78,317

RESERVES
Income and expenditure account (41,334 ) 78,317
(41,334 ) 78,317

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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 4 March 2024 and were signed on its behalf by:





Mr N J Aykroyd - Director


Bala Town Football Club Limited (Registered number: 07130083)

Notes to the Financial Statements
for the Year Ended 31 December 2023

1. STATUTORY INFORMATION

Bala 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 statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover represents income receivable from match day attendance, season tickets, advertising, sponsorship and related activities.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Stadia- 10% on cost
Plant & machinery- 25% on cost
Motor vehicles- 20% reducing balance

The tangible fixed assets are initially recorded at cost less accumulated depreciation and accumulated impairment losses.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Player transfer fees
Player transfer fees are recognised in the year in which they are incurred.

Deferred income
Revenue from gate receipts, sponsorship and commercial contracts, which has been received prior to year end, in respect of future football seasons is treated as deferred income.

Bala Town Football Club Limited (Registered number: 07130083)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

2. ACCOUNTING POLICIES - continued

Grants
Government grants relating to tangible fixed assets are treated as deferred income and released to the profit and loss account over the expected useful lives of the assets concerned. Other grants are credited to the profit and loss account as the related expenditure is incurred.

Going concern
The company's financial statements for the year ended 31 December 2023 have been prepared on a going concern basis as, after making appropriate enquiries, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 18 (2022 - 21 ) .

4. TANGIBLE FIXED ASSETS
Plant and Motor
Stadia machinery vehicles Totals
£    £    £    £   
COST
At 1 January 2023 585,491 21,821 13,155 620,467
Additions 68,872 6,095 - 74,967
Disposals - (3,000 ) (13,155 ) (16,155 )
At 31 December 2023 654,363 24,916 - 679,279
DEPRECIATION
At 1 January 2023 427,991 21,821 2,631 452,443
Charge for year 52,500 1,397 2,105 56,002
Eliminated on disposal - (3,000 ) (4,736 ) (7,736 )
At 31 December 2023 480,491 20,218 - 500,709
NET BOOK VALUE
At 31 December 2023 173,872 4,698 - 178,570
At 31 December 2022 157,500 - 10,524 168,024

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 3,830 2,712
Other debtors 136 2,105
3,966 4,817

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 2,272 2,622
Taxation and social security 2,336 2,325
Other creditors 118,757 113,625
123,365 118,572

Bala Town Football Club Limited (Registered number: 07130083)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Other creditors 266,136 272,720

8. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Ian Sluckis BA FCA (Senior Statutory Auditor)
for and on behalf of Freedman Frankl & Taylor

9. RELATED PARTY DISCLOSURES

At 31 December 2023, there was £167,720 (2022 - £167,720) due to a company in which one of the directors has a material interest.

Included in other creditors is £10,000 (2022 - £10,000) which relates to a directors current account in respect of one of the directors.There are no fixed repayment terms and no interest is chargeable to the company.

10. COMPANY LIMITED BY GUARANTEE

The company's liability is limited by the guarantees entered into by the members. Every member undertakes to contribute to the assets of the company in the event of it being wound up during the members period of membership, or within a year afterwards for the payment of debt and liabilities contracted before the member ceased to be a member such amount not exceeding £1 for each member.