English Indoor Bowling Association Limited 06714071 false 2022-12-01 2023-11-30 2023-11-30 The principal activity of the company is providing services as the National Governing Body for Indoor Level Green Bowls in England. Digita Accounts Production Advanced 6.30.9574.0 true true true false false 06714071 2022-12-01 2023-11-30 06714071 2023-11-30 06714071 core:FinancialAssetsDesignatedFairValueThroughProfitOrLoss core:Non-currentFinancialInstruments 2023-11-30 06714071 core:CurrentFinancialInstruments 2023-11-30 06714071 core:CurrentFinancialInstruments core:WithinOneYear 2023-11-30 06714071 core:BetweenTwoFiveYears 2023-11-30 06714071 core:WithinOneYear 2023-11-30 06714071 core:FurnitureFittings 2023-11-30 06714071 core:OfficeEquipment 2023-11-30 06714071 core:PlantMachinery 2023-11-30 06714071 bus:SmallEntities 2022-12-01 2023-11-30 06714071 bus:AuditExemptWithAccountantsReport 2022-12-01 2023-11-30 06714071 bus:FilletedAccounts 2022-12-01 2023-11-30 06714071 bus:SmallCompaniesRegimeForAccounts 2022-12-01 2023-11-30 06714071 bus:RegisteredOffice 2022-12-01 2023-11-30 06714071 bus:Director7 2022-12-01 2023-11-30 06714071 bus:CompanyLimitedByGuarantee 2022-12-01 2023-11-30 06714071 core:ComputerEquipment 2022-12-01 2023-11-30 06714071 core:FurnitureFittings 2022-12-01 2023-11-30 06714071 core:OfficeEquipment 2022-12-01 2023-11-30 06714071 core:OtherPropertyPlantEquipment 2022-12-01 2023-11-30 06714071 core:PlantMachinery 2022-12-01 2023-11-30 06714071 core:Subsidiary1 2022-12-01 2023-11-30 06714071 core:Subsidiary1 1 2022-12-01 2023-11-30 06714071 core:Subsidiary2 2022-12-01 2023-11-30 06714071 core:Subsidiary2 1 2022-12-01 2023-11-30 06714071 countries:EnglandWales 2022-12-01 2023-11-30 06714071 2022-11-30 06714071 core:CostValuation 2022-11-30 06714071 core:FurnitureFittings 2022-11-30 06714071 core:OfficeEquipment 2022-11-30 06714071 core:PlantMachinery 2022-11-30 06714071 2021-12-01 2022-11-30 06714071 2022-11-30 06714071 core:CurrentFinancialInstruments 2022-11-30 06714071 core:CurrentFinancialInstruments core:WithinOneYear 2022-11-30 06714071 core:BetweenTwoFiveYears 2022-11-30 06714071 core:WithinOneYear 2022-11-30 06714071 core:FurnitureFittings 2022-11-30 06714071 core:OfficeEquipment 2022-11-30 06714071 core:PlantMachinery 2022-11-30 06714071 core:Subsidiary1 1 2021-12-01 2022-11-30 06714071 core:Subsidiary2 1 2021-12-01 2022-11-30 iso4217:GBP xbrli:pure

Registration number: 06714071

English Indoor Bowling Association Limited

(A company limited by guarantee)

Unaudited Filleted Financial Statements

for the Year Ended 30 November 2023

 

English Indoor Bowling Association Limited

Contents

Statement of Financial Position

1

Notes to the Unaudited Financial Statements

2 to 8

 

English Indoor Bowling Association Limited

(Registration number: 06714071)
Statement of Financial Position as at 30 November 2023

Note

2023
£

2022
£

Fixed assets

 

Tangible assets

4

2,523

5,242

Investments

5

5,031

5,031

Other financial assets

6

31,068

32,242

 

38,622

42,515

Current assets

 

Stocks

2,637

1,256

Debtors

7

74,462

23,669

Cash at bank and in hand

 

118,898

154,566

 

195,997

179,491

Creditors: Amounts falling due within one year

8

(217,568)

(150,132)

Net current (liabilities)/assets

 

(21,571)

29,359

Net assets

 

17,051

71,874

Reserves

 

Profit and loss account

17,051

71,874

Surplus

 

17,051

71,874

For the financial year ending 30 November 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' 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 directors acknowledge their 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.

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 directors have not delivered to the registrar a copy of the Statement of Comprehensive Income.

Approved and authorised by the Board on 17 April 2024 and signed on its behalf by:
 


Mr J M Pounds
Director

 

English Indoor Bowling Association Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2023

1

General information

The company is a company limited by guarantee, incorporated in England and Wales, and consequently does not have share capital. Each of the members is liable to contribute an amount not exceeding £Nil towards the assets of the company in the event of liquidation.

The address of its registered office is:
David Cornwell House Bowling Green
Leicester Road
Melton Mowbray
Leicestershire
LE13 0FA

Principal activity

The principal activity of the company is providing services as the National Governing Body for Indoor Level Green Bowls in England.

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 financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These 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.

The financial statements are prepared in sterling which is the functional currency of the entity.

Going concern

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

 

English Indoor Bowling Association Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2023 (continued)

2

Accounting policies (continued)

Judgements and key sources of estimation uncertainty

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

Accounting estimates and assumptions are made concerning the future and, by their nature, will rarely equal the related actual outcome.

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 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.

Tax

The tax expense for the period comprises tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Tangible assets

Tangible assets are stated in the statement of financial position 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

Office equipment

25% reducing balance

Computer equipment

3 years straight line

Chain of office

10% straight line

Impairment

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.

 

English Indoor Bowling Association Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2023 (continued)

2

Accounting policies (continued)

Business combinations

Business combinations are accounted for using the purchase method. The consideration for each acquisition is measured at the aggregate of the fair values at acquisition date of assets given, liabilities incurred or assumed, and equity instruments issued by the group in exchange for control of the acquired, plus any costs directly attributable to the business combination. When a business combination agreement provides for an adjustment to the cost of the combination contingent on future events, the group includes the estimated amount of that adjustment in the cost of the combination at the acquisition date if the adjustment is probable and can be measured reliably.

Investments

Investments in equity shares which are publicly traded or where the fair value can be measured reliably are initially measured at fair value, with changes in fair value recognised in profit or loss. Investments in equity shares which are not publicly traded and where fair value cannot be measured reliably are measured at cost less impairment.


Interest income on debt securities, where applicable, is recognised in income using the effective interest method. Dividends on equity securities are recognised in income when receivable.

Cash and cash equivalents

Cash and cash equivalents comprise cash at bank and in hand, demand deposits with banks, 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. In the statement of financial position, bank overdrafts are shown within borrowing or current liabilities

Stocks

Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Costs include all costs of purchase, costs of conversion and other costs incurred in bringing the stocks to their present location and condition. .

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.

Leases

Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.

Financial instruments

Recognition and measurement
A financial asset or a financial liability is recognised only when the company becomes party to the contractual provisions of the instrument.

Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

 

English Indoor Bowling Association Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2023 (continued)

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 5 (2022 - 6).

4

Tangible assets

Fixtures and fittings
£

Plant and machinery
£

Office equipment
£

Total
£

Cost or valuation

At 1 December 2022

21,356

-

10,328

31,684

Additions

-

12,748

-

12,748

At 30 November 2023

21,356

12,748

10,328

44,432

Depreciation

At 1 December 2022

18,541

-

7,901

26,442

Charge for the year

729

12,748

1,990

15,467

At 30 November 2023

19,270

12,748

9,891

41,909

Carrying amount

At 30 November 2023

2,086

-

437

2,523

At 30 November 2022

2,815

-

2,427

5,242

Included within the net book value of land and buildings above is £Nil (2022 - £Nil) in respect of freehold land and buildings.
 

5

Investments

2023
£

2022
£

Investments in subsidiaries

5,031

5,031

Subsidiaries

£

Cost or valuation

At 1 December 2022

5,031

Provision

Carrying amount

At 30 November 2023

5,031

At 30 November 2022

5,031

 

English Indoor Bowling Association Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2023 (continued)

5

Investments (continued)

Details of undertakings

Details of the investments (including principal place of business of unincorporated entities) in which the company holds 20% or more of the nominal value of any class of share capital are as follows:

Undertaking

Registered office

Holding

Proportion of voting rights and shares held

     

2023

2022

Subsidiary undertakings

Premier Threes Bowls Tour Ltd

David Cornwell House, Bowling Green, Melton Mowbray, Leicestershire, England, LE13 0FA

Ordinary shares

61%

61%

Coach Bowls Ltd

The Pavilion, Victoria Park, Leamington Spa, England, CV31 3PT

Ordinary shares

50%

50%

The historic cost of the listed securities held at the year end is £35,071 (2021: £31,201).

 

English Indoor Bowling Association Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2023 (continued)

6

Other financial assets (current and non-current)

Listed securities
£

Total
£

Non-current financial assets

Cost or valuation

At 1 December 2022

32,242

32,242

Fair value adjustments

(379)

(379)

Additions

872

872

Disposals

(1,667)

(1,667)

At 30 November 2023

31,068

31,068

Impairment

Carrying amount

At 30 November 2023

31,068

31,068

7

Debtors

2023
£

2022
£

Trade debtors

11,962

5,400

Other debtors

3,927

1,603

Prepayments

58,573

16,666

74,462

23,669

 

English Indoor Bowling Association Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2023 (continued)

8

Creditors

Creditors: amounts falling due within one year

2023
£

2022
£

Due within one year

Trade creditors

47,059

7,100

Taxation and social security

5,167

4,984

Accruals and deferred income

164,095

138,048

Other creditors

1,247

-

217,568

150,132

9

Reserves

Profit and loss account:

This reserve records retained earnings and accumulated losses.

10

Obligations under leases and hire purchase contracts

Operating leases

The total of future minimum lease payments is as follows:

2023
£

2022
£

Not later than one year

18,950

18,950

Later than one year and not later than five years

37,900

56,850

56,850

75,800

The amount of non-cancellable operating lease payments recognised as an expense during the year was £Nil (2022 - £Nil).