Registered number
07073928
Bridport Barracudas Swimming Club Limited
Filleted Accounts
1 September 2023
Bridport Barracudas Swimming Club Limited
Registered number: 07073928
Balance Sheet
as at 1 September 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 1,146 1,532
Current assets
Stocks 583 255
Cash at bank and in hand 19,073 23,952
19,656 24,207
Creditors: amounts falling due within one year 4 (528) (984)
Net current assets 19,128 23,223
Net assets 20,274 24,755
Reserves
Profit and loss account 20,274 24,755
Total Reserves 20,274 24,755
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Mrs E L Clark
Director
Approved by the board on 1 November 2023
Bridport Barracudas Swimming Club Limited
Notes to the Accounts
for the year ended 1 September 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
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 from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery 25% reducing balance
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 0 0
3 Tangible fixed assets
Plant and machinery etc
£
Cost
At 2 September 2022 6,759
At 1 September 2023 6,759
Depreciation
At 2 September 2022 5,227
Charge for the year 386
At 1 September 2023 5,613
Net book value
At 1 September 2023 1,146
At 1 September 2022 1,532
4 Creditors: amounts falling due within one year 2023 2022
£ £
Other creditors 528 984
5 Controlling party
The company is controlled by the directors.
6 Other information
Bridport Barracudas Swimming Club Limited is a private company limited by guarantee and incorporated in England. Its registered office is:
Sherwood Cottage
Askerswell
Dorchester
Dorset
DT2 9EN
Bridport Barracudas Swimming Club Limited 07073928 false 2022-09-02 2023-09-01 2023-09-01 VT Final Accounts October 2023 release 2 Mrs E L Clark No description of principal activity 07073928 2021-09-02 2022-09-01 07073928 core:WithinOneYear 2022-09-01 07073928 core:RetainedEarningsAccumulatedLosses 2022-09-01 07073928 2022-09-02 2023-09-01 07073928 bus:PrivateLimitedCompanyLtd 2022-09-02 2023-09-01 07073928 bus:AuditExempt-NoAccountantsReport 2022-09-02 2023-09-01 07073928 bus:Director40 2022-09-02 2023-09-01 07073928 1 2022-09-02 2023-09-01 07073928 2 2022-09-02 2023-09-01 07073928 core:PlantMachinery 2022-09-02 2023-09-01 07073928 countries:England 2022-09-02 2023-09-01 07073928 bus:FRS102 2022-09-02 2023-09-01 07073928 bus:FullAccounts 2022-09-02 2023-09-01 07073928 2023-09-01 07073928 core:WithinOneYear 2023-09-01 07073928 core:RetainedEarningsAccumulatedLosses 2023-09-01 07073928 core:PlantMachinery 2023-09-01 07073928 2022-09-01 07073928 core:PlantMachinery 2022-09-01 iso4217:GBP xbrli:pure