Acorah Software Products - Accounts Production 15.0.600 false true 31 May 2023 1 June 2022 false 1 June 2023 31 May 2024 31 May 2024 06567914 Mr Charles Baughan Mr Jacob Bellas iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 06567914 2023-05-31 06567914 2024-05-31 06567914 2023-06-01 2024-05-31 06567914 frs-core:CurrentFinancialInstruments 2024-05-31 06567914 frs-core:Non-currentFinancialInstruments 2024-05-31 06567914 frs-core:BetweenOneFiveYears 2024-05-31 06567914 frs-core:FurnitureFittings 2024-05-31 06567914 frs-core:FurnitureFittings 2023-06-01 2024-05-31 06567914 frs-core:FurnitureFittings 2023-05-31 06567914 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2024-05-31 06567914 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2023-06-01 2024-05-31 06567914 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2023-05-31 06567914 frs-core:RetainedEarningsAccumulatedLosses 2024-05-31 06567914 frs-bus:CompanyLimitedByGuarantee 2023-06-01 2024-05-31 06567914 frs-bus:FilletedAccounts 2023-06-01 2024-05-31 06567914 frs-bus:SmallEntities 2023-06-01 2024-05-31 06567914 frs-bus:AuditExempt-NoAccountantsReport 2023-06-01 2024-05-31 06567914 frs-bus:SmallCompaniesRegimeForAccounts 2023-06-01 2024-05-31 06567914 frs-bus:Director1 2023-06-01 2024-05-31 06567914 frs-bus:Director2 2023-06-01 2024-05-31 06567914 frs-countries:EnglandWales 2023-06-01 2024-05-31 06567914 2022-05-31 06567914 2023-05-31 06567914 2022-06-01 2023-05-31 06567914 frs-core:CurrentFinancialInstruments 2023-05-31 06567914 frs-core:Non-currentFinancialInstruments 2023-05-31 06567914 frs-core:BetweenOneFiveYears 2023-05-31 06567914 frs-core:RetainedEarningsAccumulatedLosses 2023-05-31
Registered number: 06567914
NEWTON ABBOT RUGBY FOOTBALL CLUB LIMITED
Unaudited Financial Statements
For The Year Ended 31 May 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 06567914
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 70,558 88,214
70,558 88,214
CURRENT ASSETS
Stocks 5 16,223 9,252
Debtors 6 31,790 12,769
Cash at bank and in hand 32,117 45,899
80,130 67,920
Creditors: Amounts Falling Due Within One Year 7 (66,062 ) (85,007 )
NET CURRENT ASSETS (LIABILITIES) 14,068 (17,087 )
TOTAL ASSETS LESS CURRENT LIABILITIES 84,626 71,127
Creditors: Amounts Falling Due After More Than One Year 8 (31,982 ) (40,265 )
NET ASSETS 52,644 30,862
Income and Expenditure Account 52,644 30,862
MEMBERS' FUNDS 52,644 30,862
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For the year ending 31 May 2024 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 Jacob Bellas
Director
16/08/2024
The notes on pages 3 to 5 form part of these financial statements.
Page 2
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Notes to the Financial Statements
1. General Information
NEWTON ABBOT RUGBY FOOTBALL CLUB LIMITED is a private company, limited by guarantee, incorporated in England & Wales, registered number 06567914 . The registered office is Rackerhayes Canal Way, Kingsteignton, Newton Abbot, Devon, TQ12 3SJ.
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:
Leasehold 10% Straight Line Basis
Fixtures & Fittings 20% Straight Line Basis
2.4. Leasing and Hire Purchase Contracts
Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the income and expenditure account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to income and expenditure account as incurred.
2.5. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 15 (2023: 16)
15 16
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4. Tangible Assets
Land & Property
Leasehold Fixtures & Fittings Total
£ £ £
Cost
As at 1 June 2023 7,233 202,234 209,467
As at 31 May 2024 7,233 202,234 209,467
Depreciation
As at 1 June 2023 7,233 114,020 121,253
Provided during the period - 17,656 17,656
As at 31 May 2024 7,233 131,676 138,909
Net Book Value
As at 31 May 2024 - 70,558 70,558
As at 1 June 2023 - 88,214 88,214
5. Stocks
2024 2023
£ £
Materials 16,223 9,252
6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 6,288 9,124
Other debtors 25,502 3,645
31,790 12,769
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 43,151 74,634
Other creditors 2,838 1,298
Taxation and social security 20,073 9,075
66,062 85,007
8. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 3,593 9,173
Bank loans 28,389 31,092
31,982 40,265
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9. Obligations Under Finance Leases and Hire Purchase
2024 2023
£ £
The future minimum finance lease payments are as follows:
Later than one year and not later than five years 3,593 9,173
10. 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.
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