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Registered number: 00562809
Barry Athletic Club Limited
Unaudited Financial Statements
For The Year Ended 31 December 2023
Blayney Accountancy Limited
42 Holton Road
Barry
Vale Of Glamorgan
CF63 4HD
Unaudited Financial Statements
Contents
Page
Balance Sheet 1
Notes to the Financial Statements 2—3
Page 1
Balance Sheet
Registered number: 00562809
2023 2022
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 13,035 13,035
13,035 13,035
CURRENT ASSETS
Debtors 5 7,978 -
Cash at bank and in hand 5,310 2,586
13,288 2,586
Creditors: Amounts Falling Due Within One Year 6 (12,750 ) (2,048 )
NET CURRENT ASSETS (LIABILITIES) 538 538
TOTAL ASSETS LESS CURRENT LIABILITIES 13,573 13,573
NET ASSETS 13,573 13,573
Income and Expenditure Account 13,573 13,573
MEMBERS' FUNDS 13,573 13,573
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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Income and Expenditure Account.
On behalf of the board
Mr Glanmor Williams
Director
5th September 2024
The notes on pages 2 to 3 form part of these financial statements.
Page 1
Page 2
Notes to the Financial Statements
1. General Information
Barry Athletic Club Limited is a private company, limited by guarantee, incorporated in England & Wales, registered number 00562809 . The registered office is Barry Athletic Club, Paget Road, Barry, Vale of Glamorgan, CF62 5TQ.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Freehold Not provided for.
Plant & Machinery Not provided for.
2.4. Government Grant
Government grants are recognised in the income and expenditure account in an appropriate manner that matches them with the expenditure towards which they are intended to contribute.
Grants for immediate financial support or to cover costs already incurred are recognised immediately in the income and expenditure account. Grants towards general activities of the entity over a specific period are recognised in the income and expenditure account over that period.
Grants towards fixed assets are recognised over the expected useful lives of the related assets and are treated as deferred income and released to the income and expenditure account over the useful life of the asset concerned.
All grants in the income and expenditure account are recognised when all conditions for receipt have been complied with.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2022: 2)
2 2
Page 2
Page 3
4. Tangible Assets
Land & Property
Freehold Plant & Machinery Total
£ £ £
Cost
As at 1 January 2023 12,735 300 13,035
As at 31 December 2023 12,735 300 13,035
Net Book Value
As at 31 December 2023 12,735 300 13,035
As at 1 January 2023 12,735 300 13,035
5. Debtors
2023 2022
£ £
Due within one year
Trade debtors 7,978 -
7,978 -
6. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Trade creditors 3,092 -
Other creditors 9,658 2,048
12,750 2,048
7. 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.
Page 3