Company Registration No. 07481069 (England and Wales)
Budleigh Salterton Cricket Club Limited
Unaudited accounts
for the year ended 30 September 2023
Budleigh Salterton Cricket Club Limited
Unaudited accounts
Contents
Budleigh Salterton Cricket Club Limited
Company Information
for the year ended 30 September 2023
Directors
A P F Drodge
J R Murphy
W S H Roper
Company Number
07481069 (England and Wales)
Registered Office
OLD SCHOOL HOUSE
CHURCH ROAD, COLATON RALEIGH
SIDMOUTH
EX10 0LL
ENGLAND
Accountants
Brambillow Accounting Ltd
Brookhouse
Cranoe Road
Welham
Leicestershire
LE16 7UH
Budleigh Salterton Cricket Club Limited
Statement of financial position
as at 30 September 2023
Tangible assets
1,789,351
204,250
Cash at bank and in hand
83,924
470,339
Creditors: amounts falling due within one year
(158,732)
(8,218)
Net current assets
19,355
480,467
Total assets less current liabilities
1,808,706
684,717
Creditors: amounts falling due after more than one year
(191,245)
(360,036)
Net assets
1,617,461
324,681
Capital contribution reserve
125,121
125,121
Profit and loss account
1,492,340
199,560
Members' funds
1,617,461
324,681
For the year ending 30 September 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 14 March 2024 and were signed on its behalf by
A P F Drodge
Director
Company Registration No. 07481069
Budleigh Salterton Cricket Club Limited
Notes to the Accounts
for the year ended 30 September 2023
Budleigh Salterton Cricket Club Limited is a private company, limited by guarantee, registered in England and Wales, registration number 07481069. The registered office is OLD SCHOOL HOUSE, CHURCH ROAD, COLATON RALEIGH, SIDMOUTH, EX10 0LL, ENGLAND.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
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 and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Land & buildings
in accordance with the property and at varying rates on cost
Plant & machinery
20% on reducing balance
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term.
Government grants in relation to tangible fixed assets are credited to profit and loss account over the useful lives of the related assets, whereas those in relation to expenditure are credited when the expenditure is charged to profit and loss.
Budleigh Salterton Cricket Club Limited
Notes to the Accounts
for the year ended 30 September 2023
4
Tangible fixed assets
Land & buildings
Plant & machinery
Total
Cost or valuation
At cost
At cost
At 1 October 2022
272,593
41,736
314,329
Additions
1,628,166
3,225
1,631,391
Disposals
(92,157)
-
(92,157)
At 30 September 2023
1,808,602
44,961
1,853,563
At 1 October 2022
79,877
30,202
110,079
Charge for the year
4,341
3,688
8,029
On disposals
(53,896)
-
(53,896)
At 30 September 2023
30,322
33,890
64,212
At 30 September 2023
1,778,280
11,071
1,789,351
At 30 September 2022
192,716
11,534
204,250
Amounts falling due within one year
Accrued income and prepayments
1,143
1,134
6
Creditors: amounts falling due within one year
2023
2022
Trade creditors
142,981
5,737
Deferred income
2,291
2,291
7
Creditors: amounts falling due after more than one year
2023
2022
Deferred income
13,745
360,036
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.
Budleigh Salterton Cricket Club Limited
Notes to the Accounts
for the year ended 30 September 2023
9
Average number of employees
During the year the average number of employees was 0 (2022: 0).