Burntisland Sailing Club Limited |
Registered number: |
SC510040 |
Balance Sheet |
as at 3 July 2024 |
|
Notes |
|
|
2024 |
|
|
2023 |
£ |
£ |
Fixed assets |
Tangible assets |
3 |
|
|
109,842 |
|
|
109,842 |
|
Current assets |
Stocks |
|
|
80 |
|
|
80 |
Cash at bank and in hand |
|
|
28,733 |
|
|
22,898 |
|
|
|
28,813 |
|
|
22,978 |
|
Creditors: amounts falling due within one year |
4 |
|
(1,192) |
|
|
(1,151) |
|
Net current assets |
|
|
|
27,621 |
|
|
21,827 |
|
Total assets less current liabilities |
|
|
|
137,463 |
|
|
131,669 |
|
Creditors: amounts falling due after more than one year |
5 |
|
|
(18,250) |
|
|
(26,040) |
|
|
|
Net assets |
|
|
|
119,213 |
|
|
105,629 |
|
|
|
|
|
|
|
|
Capital and reserves |
Profit and loss account |
|
|
|
119,213 |
|
|
105,629 |
|
Shareholder's funds |
|
|
|
119,213 |
|
|
105,629 |
|
|
|
|
|
|
|
|
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006. |
The member has not required the company to obtain an audit in accordance with section 476 of the Act. |
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. |
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies. |
|
|
|
|
M Blankenstein |
Director |
Approved by the board on 4 November 2024 |
|
Burntisland Sailing Club Limited |
Notes to the Accounts |
for the year ended 3 July 2024 |
|
|
1 |
Accounting policies |
|
|
Basis of preparation |
|
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard). |
|
|
Turnover |
|
Turnover is measured at the fair value of the consideration received or receivable and includes revenue earned from the rendering of services in relation to a member's Sailing Club operation |
|
|
Tangible fixed assets |
|
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on at the following annual rates on all tangible fixed assets, other than freehold land and premises, as follows: |
|
|
Plant and machinery (Club Boat) |
15% on a Reducing Balance basis |
|
|
Stocks |
|
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised. |
|
|
Creditors |
|
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method. |
|
|
2 |
Employees |
2024 |
|
2023 |
Number |
Number |
|
|
Average number of persons employed by the company |
12 |
|
12 |
|
|
|
|
|
|
|
|
|
|
3 |
Tangible fixed assets |
|
|
|
|
Land and buildings |
|
Plant and machinery etc |
|
Total |
£ |
£ |
£ |
|
Cost |
|
At 4 July 2023 |
65,053 |
|
45,177 |
|
110,230 |
Comprising : |
Compound |
|
18,480 |
Clubhouse |
|
7,956 |
Pontoon |
|
38,617 |
Club Boat |
|
|
|
1,006 |
|
At 3 July 2024 |
65,053 |
|
45,177 |
|
110,230 |
|
|
|
|
|
|
|
|
|
|
Depreciation |
|
At 4 July 2023 |
- |
|
388 |
|
388 |
|
At 3 July 2024 |
- |
|
388 |
|
388 |
|
|
|
|
|
|
|
|
|
|
Net book value |
|
At 3 July 2024 |
65,053 |
|
44,789 |
|
109,842 |
|
At 3 July 2023 |
65,053 |
|
44,789 |
|
109,842 |
|
|
4 |
Creditors: amounts falling due within one year |
2024 |
|
2023 |
£ |
£ |
|
|
Key deposits |
760 |
|
760 |
|
Accruals |
432 |
|
391 |
|
|
|
|
|
|
|
|
|
|
5 |
Creditors: amounts falling due after one year |
2024 |
|
2023 |
£ |
£ |
|
|
Loans - Members |
18,250 |
|
25,750 |
|
RNLI |
- |
|
290 |
|
|
|
|
|
|
18,250 |
|
26,040 |
|
|
|
|
|
|
|
|
|
|
6 |
Other information |
|
|
Burntisland Sailing Club Limited is a private company limited by guarantee and incorporated in Scotland. Its registered office is: |
|
BSC Clubhouse |
|
East Dock, Burntisland Harbour |
|
Burntisland |
|
Fife |
|
KY3 9DQ |