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REGISTERED NUMBER: 03831069 (England and Wales)






















Financial Statements

for the Year Ended 30 June 2023

for

Nottinghamshire Football Association
Limited

Nottinghamshire Football Association
Limited (Registered number: 03831069)






Contents of the Financial Statements
for the Year Ended 30 June 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Nottinghamshire Football Association
Limited

Company Information
for the Year Ended 30 June 2023







DIRECTORS: E A Oram
P Adams
J C Wheat
R L Bourne
N E Hallam
S R Finn





SECRETARY: E A Oram





REGISTERED OFFICE: Unit 6b
Chetwynd Business Park
Chilwell
Nottinghamshire
NG9 6RZ





REGISTERED NUMBER: 03831069 (England and Wales)





AUDITORS: Wright Vigar Limited
Statutory Auditors
Chartered Accountants & Business Advisers
Alexandra House
43 Alexandra St
Nottingham
Nottinghamshire
NG5 1AY

Nottinghamshire Football Association
Limited (Registered number: 03831069)

Balance Sheet
30 June 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 633,249 651,688

CURRENT ASSETS
Debtors 5 51,009 21,505
Cash at bank and in hand 547,435 494,624
598,444 516,129
CREDITORS
Amounts falling due within one year 6 158,479 96,157
NET CURRENT ASSETS 439,965 419,972
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,073,214

1,071,660

CREDITORS
Amounts falling due after more than one
year

7

205,310

211,290
NET ASSETS 867,904 860,370

RESERVES
Income and expenditure account 867,904 860,370
867,904 860,370

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 6 February 2024 and were signed on its behalf by:




R L Bourne - Director



P Adams - Director


Nottinghamshire Football Association
Limited (Registered number: 03831069)

Notes to the Financial Statements
for the Year Ended 30 June 2023

1. STATUTORY INFORMATION

Nottinghamshire Football Association 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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 the total amount receivable from grants, affiliation and registration fees, fines, caution administration charges, cup competitions, courses and the sundry sale of goods.

Tangible fixed assets
Tangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated depreciation and any accumulated impairment losses.

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

Freehold property - 2% straight line
Fixtures and fittings - 10% or 15% reducing balance or 33% straight line

No depreciation is provided on the trophies as their residual value is considered to be at least equal to the book value in the accounts.

If there is an indication that there has been a significant change in the depreciation rate, useful life or residual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates.

Financial instruments
A financial asset or a financial liability is recognised only when the entity becomes party to the contractual provisions of the instrument.

Basic financial instruments are initially recognised at the transaction price.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

Nottinghamshire Football Association
Limited (Registered number: 03831069)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2023

2. ACCOUNTING POLICIES - continued

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 12 (2022 - 11 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Land and and
Buildings Trophies fittings Totals
£    £    £    £   
COST
At 1 July 2022 786,790 54,021 119,977 960,788
Additions - - 2,587 2,587
At 30 June 2023 786,790 54,021 122,564 963,375
DEPRECIATION
At 1 July 2022 215,059 - 94,041 309,100
Charge for year 15,736 - 5,290 21,026
At 30 June 2023 230,795 - 99,331 330,126
NET BOOK VALUE
At 30 June 2023 555,995 54,021 23,233 633,249
At 30 June 2022 571,731 54,021 25,936 651,688

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 3,124 2,654
Other debtors 47,885 18,851
51,009 21,505

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Taxation and social security 248 8
Other creditors 158,231 96,149
158,479 96,157

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Other creditors 205,310 211,290

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

The Report of the Auditors was unqualified.

Steven Newman LLB BFP FCA (Senior Statutory Auditor)
for and on behalf of Wright Vigar Limited

Nottinghamshire Football Association
Limited (Registered number: 03831069)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2023

9. LIMITED BY GUARANTEE

The company is limited by guarantee. Each member's liability is limited so as not to exceed £10.