Registered number
03206633
Cambridge Chesterton Indoor Bowling Club Limited
Report and Accounts
31 May 2024
Cambridge Chesterton Indoor Bowling Club Limited
Registered number: 03206633
Balance Sheet
as at 31 May 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 373,566 392,075
Current assets
Stocks 10,384 3,078
Debtors 4 9,311 9,365
Cash at bank and in hand 223,591 243,502
243,286 255,945
Creditors: amounts falling due within one year 5 (40,714) (46,859)
Net current assets 202,572 209,086
Total assets less current liabilities 576,138 601,161
Creditors: amounts falling due after more than one year 6 (126,497) (140,141)
Net assets 449,641 461,020
Capital and reserves
Other reserves 335,145 335,145
Profit and loss account 114,496 125,875
Shareholders' funds 449,641 461,020
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.
R Pawley
Director
Approved by the board on 2 August 2024
Cambridge Chesterton Indoor Bowling Club Limited
Notes to the Accounts
for the year ended 31 May 2024
1 Accounting policies
Basis of preparation
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).
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 from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the period to which it relates.
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 evenly over its expected useful life, as follows:
Leasehold land and buildings over the lease term
Fixtures, fittings and equipment 20% reducing balance
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), 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.
Leased assets
Operating lease payments are recognised as an expense on a straight line basis over the lease term.
Grants
Grants in respect of capital expenditure are credited to a deferred income account and are released to the income and expenditure account by equal instalments over the expected useful lives of the relevant assets.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 6 6
3 Tangible fixed assets
Land and buildings Fixtures, fittings and equipment Total
£ £ £
Cost
At 1 June 2023 750,690 263,326 1,014,016
Additions - 9,442 9,442
At 31 May 2024 750,690 272,768 1,023,458
Depreciation
At 1 June 2023 412,126 209,815 621,941
Charge for the year 15,357 12,594 27,951
At 31 May 2024 427,483 222,409 649,892
Net book value
At 31 May 2024 323,207 50,359 373,566
At 31 May 2023 338,564 53,511 392,075
A grant of £20,522 was received from Grantscape in November 2020 to upgrade the lighting. The grant is being depreciated over the remaining term of the lease in line with the depreciation policy of the assets.
4 Debtors 2024 2023
£ £
Trade debtors 3,743 4,735
Other debtors 5,568 4,630
9,311 9,365
5 Creditors: amounts falling due within one year 2024 2023
£ £
Bank loans and overdrafts 9,000 9,000
Trade creditors 18,025 403
Corporation tax - 1,511
Other creditors 13,689 35,945
40,714 46,859
6 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 13,500 22,500
Other creditors 112,997 117,641
126,497 140,141
Deferred grants are released to the income and expenditure account in accordance with the accounting policy.
7 Other financial commitments 2024 2023
£ £
Total future annual payments under non-cancellable operating leases 13,812 13,812
8 Company limited by guarantee
The company is limited by guarantee to £10 per member.
9 Other information
Cambridge Chesterton Indoor Bowling Club Limited is a private company limited by shares and incorporated in England. Its registered office is:
Logans Way
Cambridge
CB4 1BL
Cambridge Chesterton Indoor Bowling Club Limited 03206633 false 2023-06-01 2024-05-31 2024-05-31 VT Final Accounts April 2024 R Pawley No description of principal activity 03206633 2022-06-01 2023-05-31 03206633 core:WithinOneYear 2023-05-31 03206633 core:AfterOneYear 2023-05-31 03206633 core:AllPeriods 2023-05-31 03206633 2023-06-01 2024-05-31 03206633 bus:CompanyLimitedByGuarantee 2023-06-01 2024-05-31 03206633 bus:AuditExemptWithAccountantsReport 2023-06-01 2024-05-31 03206633 bus:Director40 2023-06-01 2024-05-31 03206633 1 2023-06-01 2024-05-31 03206633 2 2023-06-01 2024-05-31 03206633 core:LandBuildings 2023-06-01 2024-05-31 03206633 core:PlantMachinery 2023-06-01 2024-05-31 03206633 countries:England 2023-06-01 2024-05-31 03206633 bus:FRS102 2023-06-01 2024-05-31 03206633 bus:FilletedAccounts 2023-06-01 2024-05-31 03206633 2024-05-31 03206633 core:WithinOneYear 2024-05-31 03206633 core:AfterOneYear 2024-05-31 03206633 core:LandBuildings 2024-05-31 03206633 core:PlantMachinery 2024-05-31 03206633 core:AllPeriods 2024-05-31 03206633 2023-05-31 03206633 core:LandBuildings 2023-05-31 03206633 core:PlantMachinery 2023-05-31 iso4217:GBP xbrli:pure