Company Registration No. 08795925 (England and Wales)
Foulridge Social Club Ltd
Unaudited accounts
for the year ended 31 December 2023
Foulridge Social Club Ltd
Unaudited accounts
Contents
Foulridge Social Club Ltd
Company Information
for the year ended 31 December 2023
Directors
Mr A R Birkett
Mr R H Watson
Company Number
08795925 (England and Wales)
Registered Office
Towngate
Foulridge
Colne
Lancashire
BB8 7PL
Accountants
Red Rose Accountancy Services Ltd
Arran
Yew Tree Road
Grange-over-Sands
Cumbria
LA11 7AA
Foulridge Social Club Ltd
Statement of financial position
as at 31 December 2023
Tangible assets
39,404
42,190
Cash at bank and in hand
29,805
34,426
Creditors: amounts falling due within one year
(22,638)
(19,053)
Net current assets
16,349
23,108
Total assets less current liabilities
55,753
65,298
Creditors: amounts falling due after more than one year
(8,342)
(13,342)
Profit and loss account
47,411
51,956
Members' funds
47,411
51,956
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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 26 March 2024 and were signed on its behalf by
Mr A R Birkett
Director
Company Registration No. 08795925
Foulridge Social Club Ltd
Notes to the Accounts
for the year ended 31 December 2023
Foulridge Social Club Ltd is a private company, limited by guarantee, registered in England and Wales, registration number 08795925. The registered office is Towngate, Foulridge, Colne, Lancashire, BB8 7PL.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Land & buildings
2% on the straight line basis
Plant & machinery
4% and10% on straight line and 25% on reducing balance basis.
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
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Tangible fixed assets
Land & buildings
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At 1 January 2023
335
59,311
59,646
At 31 December 2023
335
59,311
59,646
At 1 January 2023
63
17,393
17,456
Charge for the year
7
2,779
2,786
At 31 December 2023
70
20,172
20,242
At 31 December 2023
265
39,139
39,404
At 31 December 2022
272
41,918
42,190
Foulridge Social Club Ltd
Notes to the Accounts
for the year ended 31 December 2023
Amounts falling due within one year
Accrued income and prepayments
1,540
1,600
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Creditors: amounts falling due within one year
2023
2022
Bank loans and overdrafts
5,000
5,000
Trade creditors
12,173
8,326
Taxes and social security
3,917
4,197
7
Creditors: amounts falling due after more than one year
2023
2022
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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.
9
Average number of employees
During the year the average number of employees was 1 (2022: 1).