Cody Sports & Social Club Limited 14540087 false 2022-12-14 2024-01-31 2024-01-31 The principal activity of the company is 93120 - Activities of sport clubs Digita Accounts Production Advanced 6.30.9574.0 true 14540087 2022-12-14 2024-01-31 14540087 2024-01-31 14540087 core:RetainedEarningsAccumulatedLosses 2024-01-31 14540087 core:CurrentFinancialInstruments 2024-01-31 14540087 core:CurrentFinancialInstruments core:WithinOneYear 2024-01-31 14540087 bus:SmallEntities 2022-12-14 2024-01-31 14540087 bus:AuditExemptWithAccountantsReport 2022-12-14 2024-01-31 14540087 bus:FilletedAccounts 2022-12-14 2024-01-31 14540087 bus:SmallCompaniesRegimeForAccounts 2022-12-14 2024-01-31 14540087 bus:RegisteredOffice 2022-12-14 2024-01-31 14540087 bus:Director1 2022-12-14 2024-01-31 14540087 bus:CompanyLimitedByGuarantee 2022-12-14 2024-01-31 14540087 1 2022-12-14 2024-01-31 14540087 countries:EnglandWales 2022-12-14 2024-01-31 iso4217:GBP xbrli:pure

Registration number: 14540087

Cody Sports & Social Club Limited

(A company limited by guarantee)

Annual Report and Unaudited Financial Statements- Companies house filing

for the Period from 14 December 2022 to 31 January 2024

 

Cody Sports & Social Club Limited

Contents

Statement of Financial Position

1

Notes to the Unaudited Financial Statements

2 to 4

 

Cody Sports & Social Club Limited

(Registration number: 14540087)
Statement of Financial Position as at 31 January 2024

Note

2024
£

Current assets

 

Stocks

4

5,605

Debtors

5

3,451

Cash at bank and in hand

 

62,097

 

71,153

Creditors: Amounts falling due within one year

6

(5,819)

Net assets

 

65,334

Reserves

 

Profit and loss account

65,334

Surplus

 

65,334

For the financial period ending 31 January 2024 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 period 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 provisions applicable to companies subject to the small companies' regime and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

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 Statement.

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

.........................................
R W Caldeira-Hankey
Director

 

Cody Sports & Social Club Limited

Notes to the Unaudited Financial Statements for the Period from 14 December 2022 to 31 January 2024

1

General information

The company is a company limited by guarantee, incorporated in England and Wales, and consequently does not have share capital. Each of the members is liable to contribute an amount not exceeding £1 towards the assets of the company in the event of liquidation.

The address of its registered office is: The Fairway, Old Ively Road, Farnborough, Hampshire, GU14 0FE. United Kingdom.

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.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of value added tax, returns, rebates and discounts.

The company recognises revenue when the amount of revenue can be reliably measured, it is probable that future economic benefits will flow to the entity and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

 

Cody Sports & Social Club Limited

Notes to the Unaudited Financial Statements for the Period from 14 December 2022 to 31 January 2024

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Trade debtors

Short term debtors are measured at transaction price, less any impairment.

Cash and cash equivalents

Cash is represented by cash in hand and bank deposits.

Trade creditors

Short term creditors are measured at the transaction price.

Provisions

Provisions are recognised when the company has an obligation at the reporting date as a result of a past event, it is probable that the company will be required to settle that obligation and a reliable estimate can be made of the amount of the obligation.

Employee benefits

Short-term employee benefits are recognised as an expense in the period which they are incurred.

Financial instruments

The Company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties and loans to related parties.

3

Staff numbers

The average number of persons employed by the company (including directors) during the period, was 2.

4

Stocks

2024
£

Other inventories

5,605

 

Cody Sports & Social Club Limited

Notes to the Unaudited Financial Statements for the Period from 14 December 2022 to 31 January 2024

5

Debtors

2024
£

Trade debtors

2,265

Other debtors

1,186

3,451

6

Creditors

Creditors: amounts falling due within one year

2024
£

Trade creditors

3,215

Taxation and social security

904

Accruals and deferred income

1,700

5,819

7

Incorporation

By unanimous decision the members of the club decided to incoporate the entity on 14th December 2022. All assets and liabilities were transferred across to the incorporated entity on 1st February 2023.