Bridport Football Club Ltd 04793584 false 2023-06-01 2024-05-31 2024-05-31 The principal activity of the company is Management of the Bridport Football Club Digita Accounts Production Advanced 6.30.9574.0 true true 04793584 2023-06-01 2024-05-31 04793584 2024-05-31 04793584 core:RetainedEarningsAccumulatedLosses 2024-05-31 04793584 core:CurrentFinancialInstruments 2024-05-31 04793584 core:CurrentFinancialInstruments core:WithinOneYear 2024-05-31 04793584 core:Non-currentFinancialInstruments core:AfterOneYear 2024-05-31 04793584 core:LandBuildings 2024-05-31 04793584 core:OtherPropertyPlantEquipment 2024-05-31 04793584 bus:SmallEntities 2023-06-01 2024-05-31 04793584 bus:AuditExemptWithAccountantsReport 2023-06-01 2024-05-31 04793584 bus:FilletedAccounts 2023-06-01 2024-05-31 04793584 bus:SmallCompaniesRegimeForAccounts 2023-06-01 2024-05-31 04793584 bus:RegisteredOffice 2023-06-01 2024-05-31 04793584 bus:Director1 2023-06-01 2024-05-31 04793584 bus:CompanyLimitedByGuarantee 2023-06-01 2024-05-31 04793584 core:LandBuildings 2023-06-01 2024-05-31 04793584 core:LeaseholdImprovements 2023-06-01 2024-05-31 04793584 core:OtherPropertyPlantEquipment 2023-06-01 2024-05-31 04793584 core:PlantMachinery 2023-06-01 2024-05-31 04793584 countries:EnglandWales 2023-06-01 2024-05-31 04793584 2023-05-31 04793584 core:LandBuildings 2023-05-31 04793584 core:OtherPropertyPlantEquipment 2023-05-31 04793584 2022-06-01 2023-05-31 04793584 2023-05-31 04793584 core:RetainedEarningsAccumulatedLosses 2023-05-31 04793584 core:CurrentFinancialInstruments 2023-05-31 04793584 core:CurrentFinancialInstruments core:WithinOneYear 2023-05-31 04793584 core:Non-currentFinancialInstruments core:AfterOneYear 2023-05-31 04793584 core:LandBuildings 2023-05-31 04793584 core:OtherPropertyPlantEquipment 2023-05-31 iso4217:GBP xbrli:pure

Registration number: 04793584

Bridport Football Club Ltd

(A company limited by guarantee)

Unaudited Filleted Abridged Financial Statements

for the Year Ended 31 May 2024

 

Bridport Football Club Ltd

Contents

Company Information

1

Abridged Balance Sheet

2 to 3

Notes to the Unaudited Abridged Financial Statements

4 to 6

 

Bridport Football Club Ltd

Company Information

Director

D V Fowler

Registered office

65 East Street
Bridport
Dorset
DT6 3LB

Accountants

Scott Vevers Ltd
Chartered Accountants
Chartered Accountants
and Registered Auditors
65 East Street
Bridport
Dorset
DT6 3LB

 

Bridport Football Club Ltd

(Registration number: 04793584)
Abridged Balance Sheet as at 31 May 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

139,145

156,790

Current assets

 

Stocks

5

4,745

3,979

Debtors

5,662

1,842

Cash at bank and in hand

 

20,426

13,127

 

30,833

18,948

Prepayments and accrued income

 

1,258

1,040

Creditors: Amounts falling due within one year

(13,998)

(8,351)

Net current assets

 

18,093

11,637

Total assets less current liabilities

 

157,238

168,427

Creditors: Amounts falling due after more than one year

(8,339)

(11,063)

Accruals and deferred income

 

(139,401)

(158,794)

Net assets/(liabilities)

 

9,498

(1,430)

Reserves

 

Retained earnings

9,498

(1,430)

Surplus/(deficit)

 

9,498

(1,430)

For the financial year ending 31 May 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

All of the company’s members have consented to the preparation of an Abridged Balance Sheet in accordance with Section 444(2A) of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

 

Bridport Football Club Ltd

(Registration number: 04793584)
Abridged Balance Sheet as at 31 May 2024

Approved and authorised by the director on 25 July 2024
 

.........................................

D V Fowler

Director

 

Bridport Football Club Ltd

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 May 2024

1

General information

The company is limited by shares incorporated in England within the United Kingdom. The address of the registered office is given in the company information on page 1 of these financial statements.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These abridged financial statements were prepared in accordance with Section 1A of the Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

Basis of preparation

These abridged financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Government grants

Government grants are recognised at the fair value of the asset received or receivable when there is reasonable assurance that the company will comply with conditions attaching to them and the grants will be received using the accrual model.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Leasehold property

Straight line over Lease period

Plant and machinery

Reducing balance 15%

 

Bridport Football Club Ltd

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 May 2024

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 1 (2023 - 1).

 

Bridport Football Club Ltd

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 May 2024

4

Tangible assets

Land and buildings
£

Other tangible assets
£

Total
£

Cost or valuation

At 1 June 2023

513,724

16,661

530,385

Additions

-

2,436

2,436

At 31 May 2024

513,724

19,097

532,821

Depreciation

At 1 June 2023

361,569

12,026

373,595

Charge for the year

19,020

1,061

20,081

At 31 May 2024

380,589

13,087

393,676

Carrying amount

At 31 May 2024

133,135

6,010

139,145

At 31 May 2023

152,155

4,635

156,790

Included within the net book value of land and buildings above is £133,135 (2023 - £152,155) in respect of short leasehold land and buildings.
 

5

Stocks

2024
£

2023
£

Other inventories

4,745

3,979