Acorah Software Products - Accounts Production 14.5.601 false true 31 December 2022 1 January 2022 false 1 January 2023 31 December 2023 31 December 2023 01793193 Mr Steven Klein Karl Bunyan Ian Dunn Mr Philip Fagelson Mr Alan Jaye Mr Jack Matthews Mr Alexander Dron Mr Thomas Gillan Mr Ian Treleaven Mrs Carol Tresadern Mrs Patricia Brown Mrs Sandra Dupuy Mr Vincent Allen Mr Alan Jaye iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 01793193 2022-12-31 01793193 2023-12-31 01793193 2023-01-01 2023-12-31 01793193 frs-core:CurrentFinancialInstruments 2023-12-31 01793193 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-12-31 01793193 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 01793193 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2022-12-31 01793193 frs-core:PlantMachinery 2023-12-31 01793193 frs-core:PlantMachinery 2023-01-01 2023-12-31 01793193 frs-core:PlantMachinery 2022-12-31 01793193 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31 01793193 frs-bus:CompanyLimitedByGuarantee 2023-01-01 2023-12-31 01793193 frs-bus:FilletedAccounts 2023-01-01 2023-12-31 01793193 frs-bus:SmallEntities 2023-01-01 2023-12-31 01793193 frs-bus:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 01793193 frs-bus:SmallCompaniesRegimeForAccounts 2023-01-01 2023-12-31 01793193 frs-bus:Director1 2023-01-01 2023-12-31 01793193 frs-bus:Director2 2023-01-01 2023-12-31 01793193 frs-bus:Director3 2023-01-01 2023-12-31 01793193 frs-bus:Director4 2023-01-01 2023-12-31 01793193 frs-bus:Director5 2023-01-01 2023-12-31 01793193 frs-bus:Director6 2023-01-01 2023-12-31 01793193 frs-bus:Director7 2023-01-01 2023-12-31 01793193 frs-bus:Director8 2023-01-01 2023-12-31 01793193 frs-bus:Director9 2023-01-01 2023-12-31 01793193 frs-bus:Director10 2023-01-01 2023-12-31 01793193 frs-bus:Director11 2023-01-01 2023-12-31 01793193 frs-bus:Director12 2023-01-01 2023-12-31 01793193 frs-bus:Director13 2023-01-01 2023-12-31 01793193 frs-bus:CompanySecretary1 2023-01-01 2023-12-31 01793193 frs-countries:EnglandWales 2023-01-01 2023-12-31 01793193 2021-12-31 01793193 2022-12-31 01793193 2022-01-01 2022-12-31 01793193 frs-core:CurrentFinancialInstruments 2022-12-31 01793193 frs-core:RetainedEarningsAccumulatedLosses 2022-12-31
Registered number: 01793193
Ilford & District Indoor Bowls Club Limited
Unaudited Financial Statements
For The Year Ended 31 December 2023
Bruce Allen Accounatncy Services Ltd
Ground Floor Suite
Crown House , 40 North Street
Hornchurch
Essex
RM11 1EW
Unaudited Financial Statements
Contents
Page
Balance Sheet 1
Notes to the Financial Statements 2—3
Page 1
Balance Sheet
Registered number: 01793193
2023 2022
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 253,006 251,303
253,006 251,303
CURRENT ASSETS
Stocks 5 6,496 3,236
Debtors 6 2,259 6,291
Cash at bank and in hand 119,964 94,988
128,719 104,515
Creditors: Amounts Falling Due Within One Year 7 (26,465 ) (22,050 )
NET CURRENT ASSETS (LIABILITIES) 102,254 82,465
TOTAL ASSETS LESS CURRENT LIABILITIES 355,260 333,768
NET ASSETS 355,260 333,768
Income and Expenditure Account 355,260 333,768
MEMBERS' FUNDS 355,260 333,768
For the year ending 31 December 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Income and Expenditure Account.
On behalf of the board
Mr Alan Jaye
Director
10th April 2024
The notes on pages 2 to 3 form part of these financial statements.
Page 1
Page 2
Notes to the Financial Statements
1. General Information
Ilford & District Indoor Bowls Club Limited is a private company, limited by guarantee, incorporated in England & Wales, registered number 01793193 . The registered office is Perrymans Farm Road, Newbury Park, Ilford, Essex, IG2 7LX.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Freehold Nil
Plant & Machinery 15% Reducing balance
The Freehold Property is Regularly Maintained to a standard whereby in the opinion of the
Directors Depreciation policy is Nil.
2.4. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 3 (2022: 3)
3 3
4. Tangible Assets
Land & Property
Freehold Plant & Machinery Total
£ £ £
Cost
As at 1 January 2023 242,942 61,710 304,652
Additions - 3,479 3,479
As at 31 December 2023 242,942 65,189 308,131
...CONTINUED
Page 2
Page 3
Depreciation
As at 1 January 2023 - 53,349 53,349
Provided during the period - 1,776 1,776
As at 31 December 2023 - 55,125 55,125
Net Book Value
As at 31 December 2023 242,942 10,064 253,006
As at 1 January 2023 242,942 8,361 251,303
5. Stocks
2023 2022
£ £
Stock 4,851 -
Materials 1,645 3,236
6,496 3,236
6. Debtors
2023 2022
£ £
Due within one year
Prepayments and accrued income 2,259 5,354
Other taxes and social security - 937
2,259 6,291
7. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Other taxes and social security 21 -
VAT 2,448 1,690
Accruals and deferred income 23,996 20,360
26,465 22,050
8. Company limited by guarantee
The company is limited by guarantee and has no share capital.
Every member of the company undertakes to contribute to the assets of the company, in the event of a winding up, such an amount as may be required not exceeding £1.
Page 3