REGISTERED NUMBER: |
WEST RIDING COUNTY FOOTBALL ASSOCIATION |
LIMITED |
FINANCIAL STATEMENTS |
FOR THE PERIOD 1ST JANUARY 2022 TO 30TH JUNE 2023 |
REGISTERED NUMBER: |
WEST RIDING COUNTY FOOTBALL ASSOCIATION |
LIMITED |
FINANCIAL STATEMENTS |
FOR THE PERIOD 1ST JANUARY 2022 TO 30TH JUNE 2023 |
WEST RIDING COUNTY FOOTBALL ASSOCIATION |
LIMITED (REGISTERED NUMBER: 03892579) |
CONTENTS OF THE FINANCIAL STATEMENTS |
FOR THE PERIOD 1ST JANUARY 2022 TO 30TH JUNE 2023 |
Page |
Balance Sheet | 1 |
Notes to the Financial Statements | 2 | to | 5 |
WEST RIDING COUNTY FOOTBALL ASSOCIATION |
LIMITED (REGISTERED NUMBER: 03892579) |
BALANCE SHEET |
30TH JUNE 2023 |
2023 | 2021 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 4 |
CURRENT ASSETS |
Stocks |
Debtors | 5 |
Cash at bank and in hand |
CREDITORS |
Amounts falling due within one year | 6 |
NET CURRENT ASSETS |
TOTAL ASSETS LESS CURRENT LIABILITIES |
PROVISIONS FOR LIABILITIES |
NET ASSETS |
RESERVES |
Income and expenditure account |
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 |
WEST RIDING COUNTY FOOTBALL ASSOCIATION |
LIMITED (REGISTERED NUMBER: 03892579) |
NOTES TO THE FINANCIAL STATEMENTS |
FOR THE PERIOD 1ST JANUARY 2022 TO 30TH JUNE 2023 |
1. | STATUTORY INFORMATION |
West Riding County Football Association Limited is a |
Registered number: |
Registered office: |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
The financial statements are presented in sterling which is the functional currency of the company and rounded to the nearest £. |
The Directors consider that there are no material uncertainties about the Company's ability to continue for a period of not less than 12 months from the date of approval of the financial statements. Accordingly, the financial statements have been prepared on the going concern basis. |
The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated. |
Changes in reporting period |
The reporting date has been extended to 30th June, with the company preparing the financial statements for an 18 month period. |
Turnover |
Turnover represents net invoiced sales of services, excluding value added tax. Cups and competition income is accounted for on a receipts basis. |
Tangible fixed assets |
Tangible fixed assets are stated at cost (or deemed cost) less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended. |
Depreciation is provided on all tangible fixed assets, at rates calculated to write off the cost, less estimated residual value, of each asset on a systematic basis over its expected useful life as follows: |
Leasehold ground and stand | 10% straight line |
Plant, equipment and fittings | 20% straight line |
Artificial 3G pitch | 6.66% straight line |
Freehold property | 3.33% straight line |
Computer equipment | 33.33% straight line |
Stocks |
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items. |
WEST RIDING COUNTY FOOTBALL ASSOCIATION |
LIMITED (REGISTERED NUMBER: 03892579) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE PERIOD 1ST JANUARY 2022 TO 30TH JUNE 2023 |
2. | ACCOUNTING POLICIES - continued |
Taxation |
Taxation for the period 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 period 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. |
Grants |
Grants in respect of capital expenditure are credited to provisions and are released to profit over the expected useful lives of the relevant assets by equal annual instalments. Revenue grants are recognised as turnover when the expenditure to which they relate is incurred. |
Debtors and creditors receivable / payable within one year |
Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses. |
3. | EMPLOYEES AND DIRECTORS |
The average number of employees during the period was |
WEST RIDING COUNTY FOOTBALL ASSOCIATION |
LIMITED (REGISTERED NUMBER: 03892579) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE PERIOD 1ST JANUARY 2022 TO 30TH JUNE 2023 |
4. | TANGIBLE FIXED ASSETS |
Plant and |
Land and | machinery |
buildings | etc | Totals |
£ | £ | £ |
COST |
At 1st January 2022 |
Additions |
Disposals | ( |
) | ( |
) |
At 30th June 2023 |
DEPRECIATION |
At 1st January 2022 |
Charge for period |
Eliminated on disposal | ( |
) | ( |
) |
At 30th June 2023 |
NET BOOK VALUE |
At 30th June 2023 |
At 31st December 2021 |
At 30th June 2023, included within the net book value of land and buildings is £470,424 (2021: £536,499) relating to freehold land and buildings and £Nil (2021: £Nil) relating to leasehold land and buildings. |
5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2023 | 2021 |
£ | £ |
Trade debtors |
Other debtors |
6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2023 | 2021 |
£ | £ |
Trade creditors |
Taxation and social security |
Other creditors |
7. | DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006 |
The Report of the Auditors was unqualified. |
for and on behalf of |
WEST RIDING COUNTY FOOTBALL ASSOCIATION |
LIMITED (REGISTERED NUMBER: 03892579) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE PERIOD 1ST JANUARY 2022 TO 30TH JUNE 2023 |
8. | LIMITED BY GUARANTEE |
The reconciliation of movements in shareholders' funds and the split between equity and non equity shares is not applicable for this company as West Riding County Football Association is a company limited by guarantee. |
The company has 774 (2021: 841) members and their joint liability under the guarantee is limited to £10 each. |