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REGISTERED NUMBER: 09743513 (England and Wales)


















Unaudited Financial Statements

for the Year Ended 31 July 2024

for

Formby Club Limited

Formby Club Limited (Registered number: 09743513)






Contents of the Financial Statements
for the Year Ended 31 July 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Formby Club Limited

Company Information
for the Year Ended 31 July 2024







DIRECTORS: J Riley
B E Kenyon
A T Kenyon
M N McColl





REGISTERED OFFICE: 41 Three Tuns Lane
Formby
Liverpool
Merseyside
L37 4AQ





REGISTERED NUMBER: 09743513 (England and Wales)





ACCOUNTANTS: Harding & Humphries
5 Victoria Buildings
Victoria Road
Freshfield
Liverpool
Merseyside
L37 7DB

Formby Club Limited (Registered number: 09743513)

Balance Sheet
31 July 2024

31.7.24 31.7.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 166,726 172,764

CURRENT ASSETS
Stocks 5,870 3,880
Debtors 5 1,470 1,948
Cash at bank 78,686 67,745
86,026 73,573
CREDITORS
Amounts falling due within one year 6 13,560 12,947
NET CURRENT ASSETS 72,466 60,626
TOTAL ASSETS LESS CURRENT
LIABILITIES

239,192

233,390

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 239,190 233,388
SHAREHOLDERS' FUNDS 239,192 233,390

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 24 November 2024 and were signed on its behalf by:




J Riley - Director



B E Kenyon - Director


Formby Club Limited (Registered number: 09743513)

Notes to the Financial Statements
for the Year Ended 31 July 2024

1. STATUTORY INFORMATION

Formby Club 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.
Leasehold Improvements - 2% on cost
Fixtures and fittings - 25% 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 Income Statement, 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.

The company is a mutual trader and as such it is not liable to pay tax arising from the mutual trade. Any external income such as that from non-members or interest received is subject to tax, although generally HMRC class members' clubs as dormant for corporation tax purposes if the potential corporation tax liability for the period is less than £100.

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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Government grants
The company has adopted the accrual method in respect of government grants, such that revenue grants are recognised in income on a systematic basis over the period which the company recognises related costs for which the grant is intended to compensate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 9 (2023 - 9 ) .

Formby Club Limited (Registered number: 09743513)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2024

4. TANGIBLE FIXED ASSETS
Fixtures
Leasehold and
Improvements fittings Totals
£    £    £   
COST
At 1 August 2023 186,000 31,664 217,664
Additions - 1,176 1,176
At 31 July 2024 186,000 32,840 218,840
DEPRECIATION
At 1 August 2023 26,040 18,860 44,900
Charge for year 3,720 3,494 7,214
At 31 July 2024 29,760 22,354 52,114
NET BOOK VALUE
At 31 July 2024 156,240 10,486 166,726
At 31 July 2023 159,960 12,804 172,764

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.24 31.7.23
£    £   
Other debtors 1,470 1,948

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.24 31.7.23
£    £   
Trade creditors 1,256 3,129
Taxation and social security 8,934 4,864
Other creditors 3,370 4,954
13,560 12,947