1 July 2023 false Taxfiler 2024.5 03850571business:PrivateLimitedCompanyLtd2023-07-012024-06-30 038505712023-06-30 038505712023-07-012024-06-30 03850571business:AuditExempt-NoAccountantsReport2023-07-012024-06-30 03850571business:FilletedAccounts2023-07-012024-06-30 038505712024-06-30 03850571business:Director12023-07-012024-06-30 03850571business:Director22023-07-012024-06-30 03850571business:Director32023-07-012024-06-30 03850571business:Director52023-07-012024-06-30 03850571business:Director62023-07-012024-06-30 03850571business:Director72023-07-012024-06-30 03850571business:Director82023-07-012024-06-30 03850571business:Director102023-07-012024-06-30 03850571business:RegisteredOffice2023-07-012024-06-30 038505712023-06-30 03850571core:WithinOneYear2024-06-30 03850571core:WithinOneYear2023-06-30 03850571core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2024-06-30 03850571core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-06-30 03850571core:PreviouslyStatedAmount2024-06-30 03850571core:PreviouslyStatedAmount2023-06-30 03850571business:SmallEntities2023-07-012024-06-30 03850571countries:EnglandWales2023-07-012024-06-30 03850571core:LandBuildings2023-07-012024-06-30 03850571core:PlantMachinery2023-07-012024-06-30 03850571core:ComputerEquipment2023-07-012024-06-30 03850571core:PlantMachinery2023-06-30 03850571core:ComputerEquipment2023-06-30 03850571core:PlantMachinery2024-06-30 03850571core:ComputerEquipment2024-06-30 03850571core:AdditionsToInvestments2024-06-30 03850571core:AcceleratedTaxDepreciationDeferredTax2024-06-30 03850571core:AcceleratedTaxDepreciationDeferredTax2023-06-30 038505712022-06-30 038505712022-07-012023-06-30 iso4217:GBP xbrli:pure
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
Page
- 2 -
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
- 3 -
Oxfordshire Football Association Limited Statement of financial position as at 30 June 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
4,898 
3,216 
Investments
237,958 
47,000 
242,856 
50,216 
Current assets
Debtors
32,970 
46,972 
Cash at bank and in hand
201,101 
351,014 
234,071 
397,986 
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
Deferred tax
(930)
(611)
Net assets
439,835 
428,758 
Capital and reserves
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
- 4 -
Oxfordshire Football Association Limited Notes to the Accounts for the year ended 30 June 2024
1
Statutory information
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
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
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.
Pension costs
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
Investments are shown at cost less accumulated impairment losses.
Debtors
Short term debtors are measured at transaction price, less any impairment.
Creditors
Short term creditors are measured at transaction price, less any impairment.
- 5 -
Oxfordshire Football Association Limited Notes to the Accounts for the year ended 30 June 2024
Deferred taxation
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 
Disposals
- 
(961)
(961)
At 30 June 2024
2,645 
10,140 
12,785 
Depreciation
At 1 July 2023
1,566 
4,620 
6,186 
Charge for the year
238 
2,424 
2,662 
On disposals
- 
(961)
(961)
At 30 June 2024
1,804 
6,083 
7,887 
Net book value
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 
Additions
190,958 
Valuation at 30 June 2024
237,958 
6
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
18,242 
3,284 
Accrued income and prepayments
14,728 
43,688 
32,970 
46,972 
- 6 -
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 
Other creditors
- 
899 
Accruals
1,428 
2,645 
Deferred income
16,119 
5,000 
36,162 
18,833 
8
Deferred taxation
2024 
2023 
£ 
£ 
Accelerated capital allowances
930 
611 
2024 
2023 
£ 
£ 
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).
- 7 -