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REGISTERED NUMBER: 02104007 (England and Wales)












Unaudited Financial Statements

for the Year Ended 31 March 2024

for

Gedling Indoor Bowls Centre Limited

Gedling Indoor Bowls Centre Limited (Registered number: 02104007)






Contents of the Financial Statements
for the year ended 31 March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Gedling Indoor Bowls Centre Limited

Company Information
for the year ended 31 March 2024







DIRECTORS: K M Smith
M Smith
C Andrews
S R Parnham
J F Newham
J Hartshorn
J E Higgins





SECRETARY:





REGISTERED OFFICE: Foxhill Road
Carlton
Nottingham
Nottinghamshire
NG4 1RL





REGISTERED NUMBER: 02104007 (England and Wales)





ACCOUNTANTS: Clayton & Brewill
Chartered Accountants
Cawley House
149-155 Canal Street
Nottingham
Nottinghamshire
NG1 7HR

Gedling Indoor Bowls Centre Limited (Registered number: 02104007)

Balance Sheet
31 March 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 4,474 4,307

CURRENT ASSETS
Prepayments and accrued income 300 -
Cash at bank 89,696 64,650
89,996 64,650
CREDITORS
Amounts falling due within one year 5 21,704 39,599
NET CURRENT ASSETS 68,292 25,051
TOTAL ASSETS LESS CURRENT
LIABILITIES

72,766

29,358

RESERVES
Income and expenditure account 7 72,766 29,358
72,766 29,358

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 in accordance with Section 476 of the Companies Act 2006.

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.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

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 12 August 2024 and were signed on its behalf by:





K M Smith - Director


Gedling Indoor Bowls Centre Limited (Registered number: 02104007)

Notes to the Financial Statements
for the year ended 31 March 2024

1. STATUTORY INFORMATION

Gedling Indoor Bowls Centre Limited is a private company, limited by guarantee , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Income represents the amounts received in the year from fees, subscriptions, equipment hire and sales of accessories. The company is not VAT registered.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures, fittings and equipment - 15% on reducing balance
Computer equipment - 33% on cost

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to surplus or deficit on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

Gedling Indoor Bowls Centre Limited (Registered number: 02104007)

Notes to the Financial Statements - continued
for the year ended 31 March 2024

4. TANGIBLE FIXED ASSETS
Fixtures,
fittings
and Computer
equipment equipment Totals
£    £    £   
COST
At 1 April 2023 106,766 774 107,540
Additions 957 - 957
At 31 March 2024 107,723 774 108,497
DEPRECIATION
At 1 April 2023 102,459 774 103,233
Charge for year 790 - 790
At 31 March 2024 103,249 774 104,023
NET BOOK VALUE
At 31 March 2024 4,474 - 4,474
At 31 March 2023 4,307 - 4,307

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other creditors 21,704 39,599

6. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2024 2023
£    £   
Within one year 77,345 364
Between one and five years 6,445 -
83,790 364

7. RESERVES
Income
and
expenditure
account
£   

At 1 April 2023 29,358
Surplus for the year 43,408
At 31 March 2024 72,766

8. COMPANY LIMITED BY GUARANTEE

The company is limited by guarantee and does not have any share capital. The guarantee of each member is limited to such an amount as may be required, not exceeding £10, in the event of the company being wound up while he or she is a member, or within one year after he or she ceases to be a member, for the payment of debts of the company contracted for before he or she ceases to be a member.