Silverfin false false 30/06/2024 01/07/2023 30/06/2024 A P Matthews H Thompson 06 November 2024 The principal activity of the Company is the operation of a competitive cheerleading squad.

The Company is a non-profit making organisation. Any surplus will be held in reserves for the future benefit of the members.
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Company No: 11406851 (England and Wales)

BRAVE ALLSTARS COMPETITION TEAMS NORWICH LIMITED

(A company limited by guarantee)

Unaudited Financial Statements
For the financial year ended 30 June 2024
Pages for filing with the registrar

BRAVE ALLSTARS COMPETITION TEAMS NORWICH LIMITED

Unaudited Financial Statements

For the financial year ended 30 June 2024

Contents

BRAVE ALLSTARS COMPETITION TEAMS NORWICH LIMITED

STATEMENT OF FINANCIAL POSITION

As at 30 June 2024
BRAVE ALLSTARS COMPETITION TEAMS NORWICH LIMITED

STATEMENT OF FINANCIAL POSITION (continued)

As at 30 June 2024
Note 30.06.2024 30.06.2023
£ £
Current assets
Debtors 3 394 0
Cash at bank and in hand 30,865 26,990
31,259 26,990
Creditors: amounts falling due within one year 4 ( 1,396) ( 1,354)
Net current assets 29,863 25,636
Total assets less current liabilities 29,863 25,636
Net assets 29,863 25,636
Reserves
Profit and loss account 29,863 25,636
Total reserves 29,863 25,636

For the financial 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.

Directors' responsibilities:

The financial statements of Brave Allstars Competition Teams Norwich Limited (registered number: 11406851) were approved and authorised for issue by the Board of Directors. They were signed on its behalf by:

H Thompson
Director

06 November 2024

BRAVE ALLSTARS COMPETITION TEAMS NORWICH LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 30 June 2024
BRAVE ALLSTARS COMPETITION TEAMS NORWICH LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 30 June 2024
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Brave Allstars Competition Teams Norwich Limited (the Company) is a private company, limited by guarantee, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is C/O Larking Gowen 1st Floor Prospect House, Rouen Road, Norwich, NR1 1RE, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

Turnover is recognised when the significant risks and rewards are considered to have been transferred to the customer.

Trade and other debtors

Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts, except where the effect of discounting would be immaterial. In such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.

Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in creditors: amounts falling due within one year.

Trade and other creditors

Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost.

2. Employees

30.06.2024 30.06.2023
Number Number
Monthly average number of persons employed by the Company during the year, including directors 2 2

3. Debtors

30.06.2024 30.06.2023
£ £
Prepayments 394 0

4. Creditors: amounts falling due within one year

30.06.2024 30.06.2023
£ £
Trade creditors 0 100
Accruals 1,350 1,254
Other creditors 46 0
1,396 1,354

5. Liability of members

The members of the Brave Allstars Competition Teams Norwich Limited have undertaken to contribute a sum not exceeding £1 each to meet the liabilities of the Company if it should be wound up.