BRADFORD SPORTING ASSOCIATION LIMITED
Registered number: 05844450
Balance Sheet
as at 31 March 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 4 969,458 973,924
Current assets
Debtors 5 2,000 6,400
Cash at bank and in hand 10,879 11,107
12,879 17,507
Creditors: amounts falling due within one year 6 1 (265)
Net current assets 12,880 17,242
Net assets 982,338 991,166
Capital and reserves
Profit and loss account 982,338 991,166
Shareholders' funds 982,338 991,166
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 members have 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.
Mr S Mahmood
Director
Approved by the board on 19 November 2024
BRADFORD SPORTING ASSOCIATION LIMITED
Notes to the Accounts
for the year ended 31 March 2024
1 Basis of preparation
the financial statements of the charitable company , which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'According and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 01 January 2015)', Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.
Income
All income is recognised in the Statement of Financial Activities once the charity has entitled to the funds, it is probable that the income will be received and the amount can be measured reliable.
Expenditure
Liability are recognised as expenditure as soon as there is a legal and constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accrual basis and has been classified under headings that aggregate all cost related to the category. Where cost cannot be directly attribute to particular headings they have been allocated to activities on a basis consist with the use of resources.
Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
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.
Taxation
The Community interest company (CIC) is exempt from corporation tax on its activities.
Directorss' remuniration and benefits
There were no directors' remuneration or other benefits for the year ended 31 March 2024 nor for the year ended 31 March 2023.
Directors' expenses
There were no directorss' expenses paid for the year ended 31 March 2024 nor for the year ended 31 March 2023.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company - -
3 Unrestricted funds Restricted Funds Total Funds
£ £ £
INCOME AND ENDOWMENTS FROM
Donations and legacies 7,842 - 7,842
Total 7,842 - 7,842
Direct charitable expenditure (16,670) - (16,670)
Support Cost
Total (16,670) - (16,670)
NET INCOME(EXPENDITURE) (8,828) - (8,828)
RECOCILIATION OF FUNDS
TOTAL FUNDS BROUGHT FORWARD 355,051 636,115 991,166
TOTAL FUNDS CARRIED FORWARD 346,223 636,115 982,338
4 Tangible fixed assets
Land and buildings Plant and machinery etc Total
£ £ £
Cost
At 1 April 2023 929,266 67,300 996,566
At 31 March 2024 929,266 67,300 996,566
Depreciation
At 1 April 2023 - 22,642 22,642
Charge for the year - 4,466 4,466
At 31 March 2024 - 27,108 27,108
Net book value
At 31 March 2024 929,266 40,192 969,458
At 31 March 2023 929,266 44,658 973,924
5 Debtors 2024 2023
£ £
Trade debtors 2,000 6,400
6 Creditors: amounts falling due within one year 2024 2023
£ £
Trade creditors - 265
Other creditors (1) -
(1) 265
7 Other information
BRADFORD SPORTING ASSOCIATION LIMITED is a private company limited by shares and incorporated in England. Its registered office is:
Karmand Community Centre
Barkerend Road
Bradford
BD3 9EP
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