Company registration number 00140620 (England and Wales)
HUDDERSFIELD ROAD BOWLING CLUB(BARNSLEY),LIMITED(THE).
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023
PAGES FOR FILING WITH REGISTRAR
HUDDERSFIELD ROAD BOWLING CLUB(BARNSLEY),LIMITED(THE).
COMPANY INFORMATION
Directors
M Hirst
J Moore
Secretary
M Hirst
Company number
00140620
Registered office
Huddersfield Road Bowling Club
59 Huddersfield Road
Barnsley
South Yorkshire
S75 1DR
Accountants
Brearley & Co Accountants Limited
39/43 Bridge Street
Swinton
Mexborough
South Yorkshire
S64 8AP
Business address
Huddersfield Road Bowling Club
59 Huddersfield Road
Barnsley
South Yorkshire
S75 1DR
Bankers
Barclays Bank Plc
Leicester
Leicestershire
LE87 2BB
HUDDERSFIELD ROAD BOWLING CLUB(BARNSLEY),LIMITED(THE).
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 4
HUDDERSFIELD ROAD BOWLING CLUB(BARNSLEY),LIMITED(THE).
BALANCE SHEET
AS AT
31 DECEMBER 2023
31 December 2023
- 1 -
2023
2022
Notes
£
£
£
£
Fixed assets
Tangible assets
4
25,205
25,581
Current assets
Cash at bank and in hand
24,470
25,857
Creditors: amounts falling due within one year
5
(912)
(624)
Net current assets
23,558
25,233
Net assets
48,763
50,814
Capital and reserves
Called up share capital
6
1,352
1,352
Profit and loss reserves
47,411
49,462
Total equity
48,763
50,814
The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true
For the financial year ended 31 December 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The financial statements were approved by the board of directors and authorised for issue on 10 April 2024 and are signed on its behalf by:
M Hirst
J Moore
Director
Director
Company registration number 00140620 (England and Wales)
HUDDERSFIELD ROAD BOWLING CLUB(BARNSLEY),LIMITED(THE).
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023
- 2 -
1
Accounting policies
Company information
Huddersfield Road Bowling Club(Barnsley),Limited(The). is a private company limited by shares incorporated in England and Wales. The registered office is Huddersfield Road Bowling Club, 59 Huddersfield Road, Barnsley, South Yorkshire, S75 1DR.
1.1
Accounting convention
These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.
The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.
1.2
Turnover
Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.
When cash inflows are deferred and represent a financing arrangement, the fair value of the consideration is the present value of the future receipts. The difference between the fair value of the consideration and the nominal amount received is recognised as interest income.
Revenue from contracts for the provision of professional services is recognised by reference to the stage of completion when the stage of completion, costs incurred and costs to complete can be estimated reliably. The stage of completion is calculated by comparing costs incurred, mainly in relation to contractual hourly staff rates and materials, as a proportion of total costs. Where the outcome cannot be estimated reliably, revenue is recognised only to the extent of the expenses recognised that it is probable will be recovered.
1.3
Tangible fixed assets
Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.
Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:
Freehold land and buildings
nil depreciation
Fixtures and fittings
25% reducing balance
The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.
1.4
Cash and cash equivalents
Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.
HUDDERSFIELD ROAD BOWLING CLUB(BARNSLEY),LIMITED(THE).
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2023
1
Accounting policies
(Continued)
- 3 -
1.5
Financial instruments
Basic financial assets
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.
Basic financial liabilities
Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.
Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.
2
Judgements and key sources of estimation uncertainty
In the application of the company’s accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.
The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.
3
Employees
The average monthly number of persons (including directors) employed by the company during the year was:
2023
2022
Number
Number
Total
2
2
HUDDERSFIELD ROAD BOWLING CLUB(BARNSLEY),LIMITED(THE).
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2023
- 4 -
4
Tangible fixed assets
Land and buildings
Plant and machinery etc
Total
£
£
£
Cost
At 1 January 2023 and 31 December 2023
24,080
8,823
32,903
Depreciation and impairment
At 1 January 2023
7,323
7,323
Depreciation charged in the year
375
375
At 31 December 2023
7,698
7,698
Carrying amount
At 31 December 2023
24,080
1,125
25,205
At 31 December 2022
24,080
1,501
25,581
-
-
5
Creditors: amounts falling due within one year
2023
2022
£
£
Other creditors
912
624
Other creditors consist of Accruals £912 (2022 - £624).
6
Called up share capital
2023
2022
2023
2022
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ordinary shares of 20p each
1,352
1,352
270
270
2023
2022
2023
2022
Preference share capital
Number
Number
£
£
Issued and fully paid
Preference shares of 20p each
5,408
5,408
1,082
1,082
Preference shares classified as equity
1,082
1,082
Total equity share capital
1,352
1,352