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REGISTERED NUMBER: 03574031 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MAY 2024

FOR

BROMYARD TOWN FOOTBALL CLUB LIMITED

BROMYARD TOWN FOOTBALL CLUB LIMITED (REGISTERED NUMBER: 03574031)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


BROMYARD TOWN FOOTBALL CLUB LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MAY 2024







DIRECTORS: R N Greenhall
P J Haverfield
R A Haverfield
G W Woodward
R W Helme
Mrs K A Hill
S M Hill





SECRETARY: R A Haverfield





REGISTERED OFFICE: Delahay Meadow
Stourport Road
Bromyard
HR7 4NT





REGISTERED NUMBER: 03574031 (England and Wales)





ACCOUNTANTS: Cole & Co
4 The Sheepcote
Monks Orchard
Lumber Lane, Lugwardine
Hereford
Herefordshire
HR1 4AG

BROMYARD TOWN FOOTBALL CLUB LIMITED (REGISTERED NUMBER: 03574031)

BALANCE SHEET
31 MAY 2024

2024 2023
Notes £    £   
FIXED ASSETS
Tangible assets 4 19,653 23,901

CURRENT ASSETS
Stocks 597 303
Debtors 5 2,523 2,292
Cash at bank and in hand 37,255 33,700
40,375 36,295
CREDITORS
Amounts falling due within one year 6 (5,103 ) (4,641 )
NET CURRENT ASSETS 35,272 31,654
TOTAL ASSETS LESS CURRENT LIABILITIES 54,925 55,555

RESERVES
Grant reserve 7 1,694 2,083
Retained earnings 53,231 53,472
MEMBERS' FUNDS 54,925 55,555

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2024 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 profit or loss 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.

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 10 October 2024 and were signed on its behalf by:




R A Haverfield - Director


BROMYARD TOWN FOOTBALL CLUB LIMITED (REGISTERED NUMBER: 03574031)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024

1. STATUTORY INFORMATION

Bromyard Town Football 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.

2. ACCOUNTING POLICIES

BASIS OF PREPARING THE FINANCIAL STATEMENTS
These financial statement have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

There were no material departures from Financial Reporting Standard 102 1A.

TURNOVER
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

TANGIBLE FIXED ASSETS
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Land and buildings - 15% on reducing balance
Plant and machinery etc - 33% on cost, 20% on reducing balance and 15% on reducing balance

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

TAXATION
As the company operates as a community amateur sports club, it is exempt from corporation tax.

HIRE PURCHASE AND LEASING COMMITMENTS
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2023 - 5 ) .

BROMYARD TOWN FOOTBALL CLUB LIMITED (REGISTERED NUMBER: 03574031)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 2024

4. TANGIBLE FIXED ASSETS
Fixtures
Ground Plant and and Computer
Improvements machinery fittings equipment Totals
£    £    £    £    £   
COST
At 1 June 2023 62,031 35,097 17,544 1,629 116,301
Additions - - 757 159 916
Disposals - - (591 ) (1,058 ) (1,649 )
At 31 May 2024 62,031 35,097 17,710 730 115,568
DEPRECIATION
At 1 June 2023 58,990 21,006 11,479 925 92,400
Charge for year 455 2,819 1,004 54 4,332
Eliminated on disposal - - (463 ) (354 ) (817 )
At 31 May 2024 59,445 23,825 12,020 625 95,915
NET BOOK VALUE
At 31 May 2024 2,586 11,272 5,690 105 19,653
At 31 May 2023 3,041 14,091 6,065 704 23,901

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 468 765
Other debtors - 10
Prepayments 2,055 1,517
2,523 2,292

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 621 157
VAT 335 300
Other creditors 452 586
Accruals and deferred income 3,695 3,598
5,103 4,641

7. RESERVES
Grant
reserve
£   
At 1 June 2023 2,083
Transfer to P&L (389 )

At 31 May 2024 1,694