IRIS Accounts Production v24.2.0.383 00937145 Board of Directors 1.4.23 31.3.24 31.3.24 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh009371452023-03-31009371452024-03-31009371452023-04-012024-03-31009371452022-03-31009371452022-04-012023-03-31009371452023-03-3100937145ns15:EnglandWales2023-04-012024-03-3100937145ns14:PoundSterling2023-04-012024-03-3100937145ns10:Director12023-04-012024-03-3100937145ns10:CompanyLimitedByGuarantee2023-04-012024-03-3100937145ns10:SmallEntities2023-04-012024-03-3100937145ns10:AuditExempt-NoAccountantsReport2023-04-012024-03-3100937145ns10:SmallCompaniesRegimeForDirectorsReport2023-04-012024-03-3100937145ns10:SmallCompaniesRegimeForAccounts2023-04-012024-03-3100937145ns10:FullAccounts2023-04-012024-03-3100937145ns10:Director22023-04-012024-03-3100937145ns10:Director32023-04-012024-03-3100937145ns10:Director42023-04-012024-03-3100937145ns10:Director52023-04-012024-03-3100937145ns10:Director72023-04-012024-03-3100937145ns10:CompanySecretary12023-04-012024-03-3100937145ns10:RegisteredOffice2023-04-012024-03-3100937145ns5:CurrentFinancialInstruments2024-03-3100937145ns5:CurrentFinancialInstruments2023-03-3100937145ns5:RetainedEarningsAccumulatedLosses2024-03-3100937145ns5:RetainedEarningsAccumulatedLosses2023-03-3100937145ns5:LandBuildings2023-04-012024-03-3100937145ns5:PlantMachinery2023-04-012024-03-3100937145ns5:LandBuildings2023-03-3100937145ns5:PlantMachinery2023-03-3100937145ns5:LandBuildings2024-03-3100937145ns5:PlantMachinery2024-03-3100937145ns5:LandBuildings2023-03-3100937145ns5:PlantMachinery2023-03-3100937145ns5:CurrentFinancialInstrumentsns5:WithinOneYear2024-03-3100937145ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-03-31
REGISTERED NUMBER: 00937145 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2024

for

Isle Of Wight Indoor Bowls
Club Limited(The)

Isle Of Wight Indoor Bowls
Club Limited(The) (Registered number: 00937145)






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


Isle Of Wight Indoor Bowls
Club Limited(The)

Company Information
for the Year Ended 31 March 2024







DIRECTORS: Dr J E Baker-Deam
Ms L P Firby
I T Morey
A D Cawdell
F W G Smith
J C Henshaw





SECRETARY: Ms R A Edwards





REGISTERED OFFICE: Isle Of Wight Indoor Bowls Club
Brading Road
Ryde
PO33 1QG





REGISTERED NUMBER: 00937145 (England and Wales)





ACCOUNTANTS: Allegri & Co.
16c Sandown Road
Lake
Isle of Wight
PO36 9JP

Isle Of Wight Indoor Bowls
Club Limited(The) (Registered number: 00937145)

Balance Sheet
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 242,849 246,913

CURRENT ASSETS
Stocks 291 160
Debtors 5 2,906 1,459
Cash at bank and in hand 108,525 117,543
111,722 119,162
CREDITORS
Amounts falling due within one year 6 4,926 3,508
NET CURRENT ASSETS 106,796 115,654
TOTAL ASSETS LESS CURRENT
LIABILITIES

349,645

362,567

RESERVES
Income and expenditure account 349,645 362,567
349,645 362,567

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 14 August 2024 and were signed on its behalf by:





F W G Smith - Director


Isle Of Wight Indoor Bowls
Club Limited(The) (Registered number: 00937145)

Notes to the Financial Statements
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

Isle Of Wight Indoor Bowls Club Limited(The) 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Land and buildings - in accordance with the property
Plant and machinery etc - 10% on cost and 10% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

3. EMPLOYEES AND DIRECTORS

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

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 April 2023 316,773 217,421 534,194
Additions - 2,500 2,500
At 31 March 2024 316,773 219,921 536,694
DEPRECIATION
At 1 April 2023 89,695 197,586 287,281
Charge for year 3,168 3,396 6,564
At 31 March 2024 92,863 200,982 293,845
NET BOOK VALUE
At 31 March 2024 223,910 18,939 242,849
At 31 March 2023 227,078 19,835 246,913

Isle Of Wight Indoor Bowls
Club Limited(The) (Registered number: 00937145)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Other debtors 2,906 1,459

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Taxation and social security 1,491 644
Other creditors 3,435 2,864
4,926 3,508