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Registration number: 09648033

Greater Manchester Cricket League Limited
Annual Report and
Unaudited Financial Statements

31 December 2023

 

Greater Manchester Cricket League Limited

Contents

Balance Sheet

1

Notes to the Financial Statements

2 to 4

 

Greater Manchester Cricket League Limited

Balance Sheet
31 December 2023

Note

2023
£

2022
£

Current assets

 

Debtors

5

14,599

7,568

Cash at bank and in hand

 

44,529

23,687

 

59,128

31,255

Creditors: Amounts falling due within one year

6

(7,714)

(2,360)

Net assets

 

51,414

28,895

Capital and reserves

 

Surplus / (Deficit) account

51,414

28,895

Members' funds

 

51,414

28,895

For the financial 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.

Directors' responsibilities:

The members have not required the Company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The Directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the Directors have not delivered to the registrar a copy of the Income and Expenditure Account.

Approved and authorised by the Board on 16 September 2024 and signed on its behalf by:
 

.........................................
M J Ward
Director

Company Registration Number: 09648033

 

Greater Manchester Cricket League Limited

Notes to the Financial Statements
Year Ended 31 December 2023

1

General information

The Company is a private company limited by share capital, incorporated in United Kingdom.

The address of its registered office is:
Tower House
269 Walmersley Road
Bury
Lancashire
BL9 6NX
England

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Income comprises the fair value of the consideration received or receivable in respect of sponsorship and cricket related income.

Government grants

Government grants in respect of capital expenditure are credited to a deferred income account and are released to profit over the expected useful lives of the relevant assets by equal annual instalments. Grants of a revenue nature are credited to income so as to match them with the expenditure to which they relate.

 

Greater Manchester Cricket League Limited

Notes to the Financial Statements
Year Ended 31 December 2023

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Office equipment

50% straight line

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Debtors

Short term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

Creditors

Short term trade creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

3

Staff numbers

The average number of persons employed by the Company (including Directors) during the year, was 10 (2022 - 9).

 

Greater Manchester Cricket League Limited

Notes to the Financial Statements
Year Ended 31 December 2023

4

Tangible assets

Office equipment
£

Total
£

Cost or valuation

At 1 January 2023

2,511

2,511

At 31 December 2023

2,511

2,511

Depreciation

At 1 January 2023

2,511

2,511

At 31 December 2023

2,511

2,511

Carrying amount

At 31 December 2023

-

-

5

Debtors

Current

2023
£

2022
£

Debtors

14,007

7,032

Prepayments

592

536

 

14,599

7,568

6

Creditors

Creditors: amounts falling due within one year

2023
£

2022
£

Due within one year

Other creditors

7,714

2,360

7

Dissolution

If the company is wound up or dissolved and after all its debts and liabilities have been satisfied there remains and property it shall not be paid to or distributed among the members of the Company, but shall be given or transferred to some other company or companies, society or societies (whether charitable or not) having activities similar to those of the Company at the time of dissolution.