REGISTERED NUMBER: |
Financial Statements for the Year Ended 31 August 2023 |
for |
St Joseph's Catholic Sports & Social |
Club Limited |
REGISTERED NUMBER: |
Financial Statements for the Year Ended 31 August 2023 |
for |
St Joseph's Catholic Sports & Social |
Club Limited |
St Joseph's Catholic Sports & Social |
Club Limited (Registered number: 08389227) |
Contents of the Financial Statements |
for the Year Ended 31 August 2023 |
Page |
Company Information | 1 |
Balance Sheet | 2 |
Notes to the Financial Statements | 4 |
St Joseph's Catholic Sports & Social |
Club Limited |
Company Information |
for the Year Ended 31 August 2023 |
DIRECTORS: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
Chartered Accountants |
Statutory Auditors |
110 Whitchurch Road |
Cardiff |
CF14 3LY |
St Joseph's Catholic Sports & Social |
Club Limited (Registered number: 08389227) |
Balance Sheet |
31 August 2023 |
2023 | 2022 |
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 |
RESERVES |
Income and expenditure account |
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. |
St Joseph's Catholic Sports & Social |
Club Limited (Registered number: 08389227) |
Balance Sheet - continued |
31 August 2023 |
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 |
St Joseph's Catholic Sports & Social |
Club Limited (Registered number: 08389227) |
Notes to the Financial Statements |
for the Year Ended 31 August 2023 |
1. | STATUTORY INFORMATION |
St Joseph's Catholic Sports & Social Club Limited is a |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
The financial statement are prepared in sterling, which is the functional currency of the entity. |
Revenue recognition |
Turnover represents monies received (excluding value added tax) from bar sales and other activities. |
Tangible fixed assets |
All fixed assets that cost in excess of £500 are initially capitalised at cost. Individual items below £500 are written off immediately to repairs and renewals. The management committee believe the value of the land owned by the club to be in excess of £215,000. The property and building improvements are depreciated when above this value. |
Freehold Property - Fully Depreciated |
Improvements - Fully Depreciated |
Plant & Machinery - 25% reducing balance |
Fixtures & Fittings - 25% reducing balance |
Equipment - 25% 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. |
Taxation |
The company operates for tax purposes under the principle of mutuality and is only liable to Corporation Tax on interest income. |
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. |
3. | EMPLOYEES AND DIRECTORS |
The average number of employees during the year was |
St Joseph's Catholic Sports & Social |
Club Limited (Registered number: 08389227) |
Notes to the Financial Statements - continued |
for the Year Ended 31 August 2023 |
4. | TANGIBLE FIXED ASSETS |
Plant and |
Land and | machinery |
buildings | etc | Totals |
£ | £ | £ |
COST |
At 1 September 2022 |
Additions |
At 31 August 2023 |
DEPRECIATION |
At 1 September 2022 |
Charge for year |
At 31 August 2023 |
NET BOOK VALUE |
At 31 August 2023 |
At 31 August 2022 |
5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2023 | 2022 |
£ | £ |
Trade debtors |
Other debtors |
6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2023 | 2022 |
£ | £ |
Trade creditors |
Taxation and social security |
Other creditors |
Other creditors include an advance made by the Brewery which is their main supplier which will be written off over a 3 year period. |
7. | LIMITED BY GUARANTEE |
The Club is a registered company limited by guarantee and has no share capital. |