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REGISTERED NUMBER: 08089855 (United Kingdom)















Unaudited Financial Statements for the Year Ended 30 June 2023

for

BRIDGEND ATHLETIC RFC LTD

BRIDGEND ATHLETIC RFC LTD (REGISTERED NUMBER: 08089855)

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










Page

Balance Sheet 1

Notes to the Financial Statements 3


BRIDGEND ATHLETIC RFC LTD (REGISTERED NUMBER: 08089855)

Balance Sheet
30 June 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 66,705 67,027

CURRENT ASSETS
Stocks 6,604 9,300
Debtors 6 4,316 1,460
Cash at bank and in hand 45,622 46,274
56,542 57,034
CREDITORS
Amounts falling due within one year 7 11,578 4,130
NET CURRENT ASSETS 44,964 52,904
TOTAL ASSETS LESS CURRENT LIABILITIES 111,669 119,931

PROVISIONS FOR LIABILITIES 227 590
NET ASSETS 111,442 119,341

RESERVES
Income and expenditure account 111,442 119,341
111,442 119,341

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 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.

BRIDGEND ATHLETIC RFC LTD (REGISTERED NUMBER: 08089855)

Balance Sheet - continued
30 June 2023


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 30 November 2023 and were signed on its behalf by:




R L Jones - Director



D M W Perry - Director


BRIDGEND ATHLETIC RFC LTD (REGISTERED NUMBER: 08089855)

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


1. STATUTORY INFORMATION

Bridgend Athletic RFC Ltd is a private company, limited by guarantee , registered in United Kingdom. The company's registered number and registered office address are as below:

Registered number: 08089855

Registered office: 12 Ewenny Road
Bridgend
CF31 3HP

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


2. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

Revenue recognition
Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company's activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Refurbishment - 10% Straight line
Plant and machinery - 20% on reducing balance
Fixtures and fittings - 15% on reducing balance

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


BRIDGEND ATHLETIC RFC LTD (REGISTERED NUMBER: 08089855)

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


3. ACCOUNTING POLICIES - continued
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.

Cash and cash equivalents
Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors
Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.
Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

BRIDGEND ATHLETIC RFC LTD (REGISTERED NUMBER: 08089855)

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


3. ACCOUNTING POLICIES - continued

Share capital
Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Financial Instruments

Classification
Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

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

Debt instruments are subsequently measured at amortised cost.

Impairment
Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately. For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets are either assessed individually or grouped on the basis of similar credit risk characteristics. Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2022 - 6 ) .

BRIDGEND ATHLETIC RFC LTD (REGISTERED NUMBER: 08089855)

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


5. TANGIBLE FIXED ASSETS
Fixtures
Land and Plant and and
Buildings Refurbishment machinery fittings Totals
£    £    £    £    £   
COST
At 1 July 2022 60,296 34,720 25,340 22,763 143,119
Additions - - - 942 942
At 30 June 2023 60,296 34,720 25,340 23,705 144,061
DEPRECIATION
At 1 July 2022 - 34,720 21,456 19,916 76,092
Charge for year - - 777 487 1,264
At 30 June 2023 - 34,720 22,233 20,403 77,356
NET BOOK VALUE
At 30 June 2023 60,296 - 3,107 3,302 66,705
At 30 June 2022 60,296 - 3,884 2,847 67,027

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

20232022


Trade debtors2,269-
Prepayments2,0471,304
Other debtors-156
4,3161,460

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

20232022

£   £   
Trade creditors6,014-
Taxation and social security3,804670
Accruals and deferred income1,7603,460
11,5784,130