Acorah Software Products - Accounts Production 15.0.500 false true 31 December 2022 1 January 2022 false 1 January 2023 31 December 2023 31 December 2023 05310934 Mr Richard Jones Mrs Betty Eden Mr Peter Garland Mr Robert Hamer Mrs Rosemary Hamer Mrs Betty Jones Mr Richard Jones Mr Vivian Launchbury Mr Teifion Thomas Mr Denzil Vaughan Mrs Marjorie Wadley Mrs Trudence Launchbury iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 05310934 2022-12-31 05310934 2023-12-31 05310934 2023-01-01 2023-12-31 05310934 frs-core:CurrentFinancialInstruments 2023-12-31 05310934 frs-core:Non-currentFinancialInstruments 2023-12-31 05310934 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-12-31 05310934 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 05310934 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2022-12-31 05310934 frs-core:PlantMachinery 2023-12-31 05310934 frs-core:PlantMachinery 2023-01-01 2023-12-31 05310934 frs-core:PlantMachinery 2022-12-31 05310934 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31 05310934 frs-bus:CompanyLimitedByGuarantee 2023-01-01 2023-12-31 05310934 frs-bus:FilletedAccounts 2023-01-01 2023-12-31 05310934 frs-bus:SmallEntities 2023-01-01 2023-12-31 05310934 frs-bus:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 05310934 frs-bus:SmallCompaniesRegimeForAccounts 2023-01-01 2023-12-31 05310934 frs-bus:Director1 2023-01-01 2023-12-31 05310934 frs-bus:Director2 2023-01-01 2023-12-31 05310934 frs-bus:Director3 2023-01-01 2023-12-31 05310934 frs-bus:Director4 2023-01-01 2023-12-31 05310934 frs-bus:Director5 2023-01-01 2023-12-31 05310934 frs-bus:Director6 2023-01-01 2023-12-31 05310934 frs-bus:Director7 2023-01-01 2023-12-31 05310934 frs-bus:Director8 2023-01-01 2023-12-31 05310934 frs-bus:Director9 2023-01-01 2023-12-31 05310934 frs-bus:Director10 2023-01-01 2023-12-31 05310934 frs-bus:Director11 2023-01-01 2023-12-31 05310934 frs-bus:CompanySecretary1 2023-01-01 2023-12-31 05310934 frs-countries:EnglandWales 2023-01-01 2023-12-31 05310934 2021-12-31 05310934 2022-12-31 05310934 2022-01-01 2022-12-31 05310934 frs-core:CurrentFinancialInstruments 2022-12-31 05310934 frs-core:Non-currentFinancialInstruments 2022-12-31 05310934 frs-core:RetainedEarningsAccumulatedLosses 2022-12-31
Registered number: 05310934
Amman Valley Trotting Club Limited
Unaudited Financial Statements
For The Year Ended 31 December 2023
Sandra Evans
Chartered Accountants
57a High Street
GLYNNEATH
SA11 5DA
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 05310934
2023 2022
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 281,614 285,240
281,614 285,240
CURRENT ASSETS
Stocks 5 2,957 -
Cash at bank and in hand 29,593 52,554
32,550 52,554
Creditors: Amounts Falling Due Within One Year 6 (18,119 ) (20,739 )
NET CURRENT ASSETS (LIABILITIES) 14,431 31,815
TOTAL ASSETS LESS CURRENT LIABILITIES 296,045 317,055
Creditors: Amounts Falling Due After More Than One Year 7 (131,539 ) (144,441 )
NET ASSETS 164,506 172,614
Income and Expenditure Account 164,506 172,614
MEMBERS' FUNDS 164,506 172,614
Page 1
Page 2
For the year ending 31 December 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Income and Expenditure Account.
On behalf of the board
Mrs Rosemary Hamer
Director
25/07/2024
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Amman Valley Trotting Club Limited is a private company, limited by guarantee, incorporated in England & Wales, registered number 05310934 . The registered office is 14 Llwyncelyn Road, Tairgwaith, Ammanford, Carmarthenshire, SA18 1UU.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. 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 is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Freehold Straight line over 50 years
Plant & Machinery 20% Reducing Balance
2.4. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2022: 3)
2 3
4. Tangible Assets
Land & Property
Freehold Plant & Machinery Total
£ £ £
Cost
As at 1 January 2023 237,795 499,703 737,498
Additions 10,468 2,830 13,298
As at 31 December 2023 248,263 502,533 750,796
...CONTINUED
Page 3
Page 4
Depreciation
As at 1 January 2023 9,510 442,748 452,258
Provided during the period 4,967 11,957 16,924
As at 31 December 2023 14,477 454,705 469,182
Net Book Value
As at 31 December 2023 233,786 47,828 281,614
As at 1 January 2023 228,285 56,955 285,240
5. Stocks
2023 2022
£ £
Stock 2,957 -
6. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Trade creditors - 1
Other creditors 18,020 20,639
Taxation and social security 99 99
18,119 20,739
7. Creditors: Amounts Falling Due After More Than One Year
2023 2022
£ £
Other creditors 131,539 144,441
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.
Page 4