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REGISTERED NUMBER: 07428946 (England and Wales)





FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024

FOR

BRITISH TAEKWONDO COUNCIL

BRITISH TAEKWONDO COUNCIL (REGISTERED NUMBER: 07428946)

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










Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 3


BRITISH TAEKWONDO COUNCIL

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTORS: M Brunger
D K Oliver
MT Humphries
C M Davies
M R Maynard
T Cruxton
J Kennedy-Reardon



REGISTERED OFFICE: 18 Mulberry Avenue
Turnstone Park
Widnes
Cheshire
WA8 0WN



REGISTERED NUMBER: 07428946 (England and Wales)



SENIOR STATUTORY AUDITOR: Mrs C Schofield



AUDITORS: Gibson Schofield
Unit 5
Enterprise Greenhouse
Salisbury Street
St Helens
Merseyside
WA10 1FY

BRITISH TAEKWONDO COUNCIL (REGISTERED NUMBER: 07428946)

ABRIDGED BALANCE SHEET
31 MARCH 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,596 2,128

CURRENT ASSETS
Debtors 12,741 12,804
Cash at bank 149,105 117,277
161,846 130,081
CREDITORS
Amounts falling due within one year 30,169 1,620
NET CURRENT ASSETS 131,677 128,461
TOTAL ASSETS LESS CURRENT LIABILITIES 133,273 130,589

RESERVES
Income and expenditure account 133,273 130,589
133,273 130,589

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

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the year ended 31 March 2024 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 11 October 2024 and were signed on its behalf by:





J Kennedy-Reardon - Director


BRITISH TAEKWONDO COUNCIL (REGISTERED NUMBER: 07428946)

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


1. STATUTORY INFORMATION

British Taekwondo Council 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 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.

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.
Computer equipment - 25% on reducing balance

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2023 - 3 ) .

BRITISH TAEKWONDO COUNCIL (REGISTERED NUMBER: 07428946)

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


4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 April 2023
and 31 March 2024 30,794
DEPRECIATION
At 1 April 2023 28,666
Charge for year 532
At 31 March 2024 29,198
NET BOOK VALUE
At 31 March 2024 1,596
At 31 March 2023 2,128

5. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Mrs C Schofield (Senior Statutory Auditor)
for and on behalf of Gibson Schofield

6. RELATED PARTY DISCLOSURES

During the year, the company received funding contributions from a related entity, British Taekwondo Council club, totalling £82,271, given to cover specific company expenditure. The company also made contributions during the year, totalling £63,600, towards the running costs of the club. At the year end, the company owed the club £26,329 (2023: £Nil).