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REGISTERED NUMBER: 07306689 (England and Wales)








Unaudited Financial Statements

for the Year Ended 30 June 2024

for

YATE TOWN F.C LIMITED

YATE TOWN F.C LIMITED (REGISTERED NUMBER: 07306689)






Contents of the Financial Statements
for the year ended 30 June 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


YATE TOWN F.C LIMITED

Company Information
for the year ended 30 June 2024







DIRECTORS: C A Pick
J Croft
M A Thorne
R J Lomas





REGISTERED OFFICE: Lodge Road Stadium
Lodge Road
Yate
Bristol
BS37 7LE





REGISTERED NUMBER: 07306689 (England and Wales)





ACCOUNTANTS: Mitchell Glanville (Bristol) Limited
c/o MGB Accountants - Suite 22
Trym Lodge, 1 Henbury Road
Westbury-on-Trym
Bristol
BS9 3HQ

YATE TOWN F.C LIMITED (REGISTERED NUMBER: 07306689)

Balance Sheet
30 June 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 45,548 39,608

CURRENT ASSETS
Stocks 4,156 3,064
Debtors 5 276 24,125
Cash at bank and in hand 52,510 32,071
56,942 59,260
CREDITORS
Amounts falling due within one year 6 51,649 60,739
NET CURRENT ASSETS/(LIABILITIES) 5,293 (1,479 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

50,841

38,129

CAPITAL AND RESERVES
Called up share capital 27,940 18,960
Retained earnings 22,901 19,169
50,841 38,129

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 30 October 2024 and were signed on its behalf by:





M A Thorne - Director


YATE TOWN F.C LIMITED (REGISTERED NUMBER: 07306689)

Notes to the Financial Statements
for the year ended 30 June 2024

1. STATUTORY INFORMATION

Yate Town F.C Limited is a private company, limited by shares , 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.
Plant and machinery etc - 10% 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
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

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 16 (2023 - 16 ) .

YATE TOWN F.C LIMITED (REGISTERED NUMBER: 07306689)

Notes to the Financial Statements - continued
for the year ended 30 June 2024

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 July 2023 89,450
Additions 11,000
At 30 June 2024 100,450
DEPRECIATION
At 1 July 2023 49,842
Charge for year 5,060
At 30 June 2024 54,902
NET BOOK VALUE
At 30 June 2024 45,548
At 30 June 2023 39,608

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 225 24,125
Other debtors 51 -
276 24,125

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 10,500 15,566
Trade creditors 7,473 10,978
Taxation and social security 2,595 3,307
Other creditors 31,081 30,888
51,649 60,739