Company Registration No. 03850571 (England and Wales)
Oxfordshire Football Association Limited
Unaudited accounts
for the year ended 30 June 2024
Oxfordshire Football Association Limited
Unaudited accounts
Contents
Oxfordshire Football Association Limited
Company Information
for the year ended 30 June 2024
Directors
J Duckworth
O Dada
C Kane
L Roberts-Hartley
A Spence
A Thomas
D Tutton
E Odihambo
Company Number
03850571 (England and Wales)
Registered Office
Bodicote House
White Post Road
Bodicote
Oxfordshire
OX15 4AA
Accountants
Aventae Ltd
Wittas House, Two Rivers
Station Lane
WITNEY
Oxon
OX28 4BH
Oxfordshire Football Association Limited
Statement of financial position
as at 30 June 2024
Tangible assets
4,898
3,216
Investments
237,958
47,000
Cash at bank and in hand
201,101
351,014
Creditors: amounts falling due within one year
(36,162)
(18,833)
Net current assets
197,909
379,153
Total assets less current liabilities
440,765
429,369
Provisions for liabilities
Net assets
439,835
428,758
Profit and loss account
439,835
428,758
Shareholders' funds
439,835
428,758
For the year ending 30 June 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 17 October 2024 and were signed on its behalf by
J Duckworth
Director
Company Registration No. 03850571
Oxfordshire Football Association Limited
Notes to the Accounts
for the year ended 30 June 2024
Oxfordshire Football Association Limited is a private company, limited by shares, registered in England and Wales, registration number 03850571. The registered office is Bodicote House, White Post Road, Bodicote, Oxfordshire, OX15 4AA.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Income is measured at the fair value of consideration received or receivable. It is recognised in respect of services provided by the football association as soon as there is a right to consideration and is determined by reference to the value of the work performed.
The company recognises revenue when the amount of revenue can be measured reliably and when it is probable that future economic benefits will flow to the entity.
Grant income has been recognised under the accrual model, where income is recognised on a systematic basis over the periods in which the entity recognises the related costs for which the grant is intended to compensate.
The company received grant income of £288,611 (2023 - £303,260) via The Football Association.
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Land & buildings
4% Straight line basis
Plant & machinery
20% Reducing balance and 50% Straight line basis
Computer equipment
33% Straight line basis
Investments are shown at cost less accumulated impairment losses.
Short term debtors are measured at transaction price, less any impairment.
Short term creditors are measured at transaction price, less any impairment.
Oxfordshire Football Association Limited
Notes to the Accounts
for the year ended 30 June 2024
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
4
Tangible fixed assets
Plant & machinery
Computer equipment
Total
Cost or valuation
At cost
At cost
At 1 July 2023
1,583
7,819
9,402
Additions
1,062
3,282
4,344
At 30 June 2024
2,645
10,140
12,785
At 1 July 2023
1,566
4,620
6,186
Charge for the year
238
2,424
2,662
At 30 June 2024
1,804
6,083
7,887
At 30 June 2024
841
4,057
4,898
At 30 June 2023
17
3,199
3,216
5
Investments
Other investments
Valuation at 1 July 2023
47,000
Valuation at 30 June 2024
237,958
Amounts falling due within one year
Trade debtors
18,242
3,284
Accrued income and prepayments
14,728
43,688
Oxfordshire Football Association Limited
Notes to the Accounts
for the year ended 30 June 2024
7
Creditors: amounts falling due within one year
2024
2023
Trade creditors
10,126
1,471
Taxes and social security
8,489
8,818
Deferred income
16,119
5,000
8
Deferred taxation
2024
2023
Accelerated capital allowances
930
611
Provision at start of year
611
1,524
Charged/(credited) to the profit and loss account
319
(913)
Provision at end of year
930
611
9
Average number of employees
During the year the average number of employees was 9 (2023: 8).