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REGISTERED NUMBER: 10138561 (England and Wales)















Diss & District Bowls Club Limited

Unaudited Financial Statements

for the year ended

31 August 2023






Diss & District Bowls Club Limited (Registered number: 10138561)

Contents of the Financial Statements
for the year ended 31 August 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3 to 4

Chartered Accountants' Report 5

Diss & District Bowls Club Limited

Company Information
for the year ended 31 August 2023







DIRECTORS: K S Baker
H J Witton
M Whatling





REGISTERED OFFICE: Lower Denmark Street
Diss
Norfolk
IP22 4BE





REGISTERED NUMBER: 10138561 (England and Wales)





ACCOUNTANTS: Haines Watts
8 Hopper Way
Diss
Norfolk
IP22 4GT

Diss & District Bowls Club Limited (Registered number: 10138561)

Balance Sheet
31 August 2023

2023 2022
Notes £    £   
FIXED ASSETS
Tangible assets 4 179,292 187,454

CURRENT ASSETS
Stocks 4,333 3,525
Debtors 5 11,608 1,421
Cash at bank and in hand 138,838 144,130
154,779 149,076
CREDITORS
Amounts falling due within one year 6 (1,133 ) (1,057 )
NET CURRENT ASSETS 153,646 148,019
TOTAL ASSETS LESS CURRENT LIABILITIES 332,938 335,473

RESERVES
Transfer from Association 275,463 275,463
Income and expenditure account 57,475 60,010
332,938 335,473

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

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 3 April 2024 and were signed on its behalf by:




K S Baker - Director



M Whatling - Director


Diss & District Bowls Club Limited (Registered number: 10138561)

Notes to the Financial Statements
for the year ended 31 August 2023


1. STATUTORY INFORMATION

Diss & District Bowls 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.

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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - 2% on cost
Furniture & equipment - 12.5% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

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 3 (2022 - 2 ) .

Diss & District Bowls Club Limited (Registered number: 10138561)

Notes to the Financial Statements - continued
for the year ended 31 August 2023


4. TANGIBLE FIXED ASSETS
Freehold Furniture
property & equipment Totals
£    £    £   
COST
At 1 September 2022 188,233 40,040 228,273
Additions - 348 348
At 31 August 2023 188,233 40,388 228,621
DEPRECIATION
At 1 September 2022 17,131 23,688 40,819
Charge for year 3,461 5,049 8,510
At 31 August 2023 20,592 28,737 49,329
NET BOOK VALUE
At 31 August 2023 167,641 11,651 179,292
At 31 August 2022 171,102 16,352 187,454

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other debtors 11,608 1,421

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Taxation and social security 13 13
Other creditors 1,120 1,044
1,133 1,057

Chartered Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
Diss & District Bowls Club Limited


The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Diss & District Bowls Club Limited for the year ended 31 August 2023 which comprise the Income Statement, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Diss & District Bowls Club Limited, as a body, in accordance with the terms of our engagement letter dated 9 May 2019. Our work has been undertaken solely to prepare for your approval the financial statements of Diss & District Bowls Club Limited and state those matters that we have agreed to state to the Board of Directors of Diss & District Bowls Club Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Diss & District Bowls Club Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Diss & District Bowls Club Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Diss & District Bowls Club Limited. You consider that Diss & District Bowls Club Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Diss & District Bowls Club Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Haines Watts
8 Hopper Way
Diss
Norfolk
IP22 4GT


Date: .............................................