Central Wales Football Association Ltd |
Registered number: |
05579589 |
Balance Sheet |
as at 31 May 2024 |
|
Notes |
|
|
2024 |
|
|
2023 |
£ |
£ |
Fixed assets |
Tangible assets |
3 |
|
|
764 |
|
|
414 |
|
Current assets |
Cash at bank and in hand |
|
|
81,037 |
|
|
79,400 |
|
Creditors: amounts falling due within one year |
|
|
(2,162) |
|
|
(1,649) |
|
Net current assets |
|
|
|
78,875 |
|
|
77,751 |
|
Net assets |
|
|
|
79,639 |
|
|
78,165 |
|
|
|
|
|
|
|
|
Capital and reserves |
Profit and loss account |
|
|
|
79,639 |
|
|
78,165 |
|
Shareholders' funds |
|
|
|
79,639 |
|
|
78,165 |
|
|
|
|
|
|
|
|
|
|
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006. |
The members have not required the company to obtain an audit in accordance with section 476 of the Act. |
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. |
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies. |
|
|
|
|
J M Pearce |
Director |
Approved by the board on 4 July 2024 |
|
Central Wales Football Association Ltd |
Notes to the Accounts |
for the year ended 31 May 2024 |
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|
1 |
Accounting policies |
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|
Company information |
|
Central Wales Football Association Ltd is a private company limited by guarantee, incorporated in England and Wales. The registered office is Awelfor, Rhydyfelin, Aberystwyth, Dyfed, United Kingdom, SY23 4PU. |
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|
Basis of preparation |
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The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard). The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view. The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in the these financial statements are rounded to the nearest £1. |
|
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Income and expenditure |
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Income and expenses are included in the financial statements as they become receivable or due. Expenses include VAT where applicable as the compnay is not VAT registered. |
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|
Tangible fixed assets |
|
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, at rates calculated to write off the cost, less estimated residual value, of each asset over its expected useful life, as follows: |
|
|
Computer equipment |
33% reducing balance |
|
|
Debtors |
|
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts. |
|
|
Creditors |
|
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method. |
|
|
Taxation |
|
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. |
|
2 |
Employees |
2024 |
|
2023 |
Number |
Number |
|
|
Average number of persons employed by the company |
9 |
|
9 |
|
|
|
|
|
|
|
|
|
|
3 |
Tangible fixed assets |
|
|
|
|
|
|
|
|
Plant and machinery etc |
£ |
|
Cost |
|
At 1 June 2023 |
5,747 |
|
Additions |
729 |
|
At 31 May 2024 |
6,476 |
|
|
|
|
|
|
|
|
|
|
Depreciation |
|
At 1 June 2023 |
5,333 |
|
Charge for the year |
379 |
|
At 31 May 2024 |
5,712 |
|
|
|
|
|
|
|
|
|
|
Net book value |
|
At 31 May 2024 |
764 |
|
At 31 May 2023 |
414 |
|
|
|
4 |
Members' liability |
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|
The company is limited by guarantee, not having a share capital and consequently the liability of members is limited, subject to an undertaking by each member to contribute to the net assets or liabilities of the company on winding up such amounts as may be required not exceeding £1. |