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REGISTERED NUMBER: 02353634 (England and Wales)













FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2023

FOR

TAMWORTH AND DISTRICT INDOOR BOWLS CLUB
LIMITED

TAMWORTH AND DISTRICT INDOOR BOWLS CLUB
LIMITED (REGISTERED NUMBER: 02353634)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


TAMWORTH AND DISTRICT INDOOR BOWLS CLUB
LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2023







DIRECTORS: M Passmore
Mrs A E Parsons
S Ellis
D J Payne
Mrs M Cox
C J Payne


SECRETARY: I Parsons


REGISTERED OFFICE: Eagle Drive
Amington
Tamworth
Staffordshire
B77 4EG


REGISTERED NUMBER: 02353634 (England and Wales)


ACCOUNTANTS: Philip Barnes & Co Limited
Chartered Accountants
The Old Council Chambers
Halford Street
Tamworth
Staffordshire
B79 7RB


BANKERS: National Westminster Bank plc
8 Market Street
Tamworth
Staffordshire
B79 7LS

TAMWORTH AND DISTRICT INDOOR BOWLS CLUB
LIMITED (REGISTERED NUMBER: 02353634)

BALANCE SHEET
31 DECEMBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 531,908 554,674

CURRENT ASSETS
Stocks 3,182 2,302
Debtors 5 9,743 10,134
Cash at bank and in hand 42,166 37,741
55,091 50,177
CREDITORS
Amounts falling due within one year 6 21,799 35,405
NET CURRENT ASSETS 33,292 14,772
TOTAL ASSETS LESS CURRENT
LIABILITIES

565,200

569,446

PROVISIONS FOR LIABILITIES 7 163,496 171,265
NET ASSETS 401,704 398,181

RESERVES
Other reserves 33,297 33,297
Income and expenditure account 368,407 364,884
401,704 398,181

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

TAMWORTH AND DISTRICT INDOOR BOWLS CLUB
LIMITED (REGISTERED NUMBER: 02353634)

BALANCE SHEET - continued
31 DECEMBER 2023


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 19 September 2024 and were signed on its behalf by:





S Ellis - Director


TAMWORTH AND DISTRICT INDOOR BOWLS CLUB
LIMITED (REGISTERED NUMBER: 02353634)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

1. STATUTORY INFORMATION

Tamworth and District Indoor Bowls Club Limited is a private company, limited by guarantee , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

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

Turnover
Turnover represents income received, net of Value Added Tax, in respect of subscriptions, competition donations, bar takings and other miscellaneous income and is recognised on an accruals basis or as received as applicable.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 10% - 20% on reducing balance
Fixtures and fittings - 10% - 20% on reducing balance

Depreciation has been charged on land and buildings to depreciate over the remaining period left of the lease.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to surplus or deficit on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Grants
Grants are amortised in line with the depreciation of the fixed assets funded by the grants. The unamortised balance is show in the balance sheet under provisions for liabilities.

3. EMPLOYEES

The average number of employees during the year was 6 (2022 - 7 ) .

TAMWORTH AND DISTRICT INDOOR BOWLS CLUB
LIMITED (REGISTERED NUMBER: 02353634)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023

4. TANGIBLE FIXED ASSETS
Fixtures
Long Plant and and
leasehold machinery fittings Totals
£    £    £    £   
COST
At 1 January 2023 485,609 6,161 370,151 861,921
Additions - - 3,002 3,002
Disposals - - (3,594 ) (3,594 )
At 31 December 2023 485,609 6,161 369,559 861,329
DEPRECIATION
At 1 January 2023 52,498 4,718 250,031 307,247
Charge for year 6,563 216 17,929 24,708
Eliminated on disposal - - (2,534 ) (2,534 )
At 31 December 2023 59,061 4,934 265,426 329,421
NET BOOK VALUE
At 31 December 2023 426,548 1,227 104,133 531,908
At 31 December 2022 433,111 1,443 120,120 554,674

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 1,230 817
Other debtors 8,513 9,317
9,743 10,134

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 6,937 4,898
Taxation and social security 311 418
Other creditors 14,551 30,089
21,799 35,405

7. PROVISIONS FOR LIABILITIES
2023 2022
£    £   
Other provisions
Grants 163,496 171,265