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REGISTERED NUMBER: NI666209 (Northern Ireland)















Financial Statements for the Year Ended 31 March 2024

for

Northern Ireland Judo Federation

Northern Ireland Judo Federation (Registered number: NI666209)






Contents of the Financial Statements
for the year ended 31 March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Northern Ireland Judo Federation

Company Information
for the year ended 31 March 2024







DIRECTORS: R Newett
Dr P R Briggs
W Brown
P Cuckoo
Mrs R Gill
Ms L Smythe
Ms G Reid


REGISTERED OFFICE: House of Sport
Upper Malone Road
Belfast
Co. Antrim
BT9 5LA


REGISTERED NUMBER: NI666209 (Northern Ireland)


AUDITORS: Cleaver Black
Chartered Accountants
Registered Auditors
Suite 5 Ormeau House
91-97 Ormeau Road
Belfast
Co. Antrim
BT7 1SH


BANKERS: Danske Bank
Donegall Square West
Belfast
BT1 6JS

Northern Ireland Judo Federation (Registered number: NI666209)

Balance Sheet
31 March 2024

2024 2023
Notes £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 2,682 3,576
2,682 3,576

CURRENT ASSETS
Stocks 6 1,466 2,712
Debtors 7 20,963 -
Cash at bank 92,873 105,392
115,302 108,104
CREDITORS
Amounts falling due within one year 8 (14,406 ) (15,248 )
NET CURRENT ASSETS 100,896 92,856
TOTAL ASSETS LESS CURRENT
LIABILITIES

103,578

96,432

RESERVES
Income and expenditure account 103,578 96,432
103,578 96,432

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 18 November 2024 and were signed on its behalf by:




R Newett - Director



W Brown - Director


Northern Ireland Judo Federation (Registered number: NI666209)

Notes to the Financial Statements
for the year ended 31 March 2024

1. STATUTORY INFORMATION

Northern Ireland Judo Federation is a private company, limited by guarantee , registered in Northern Ireland. 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.

The company's functional currency is Sterling (£).

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Income from government and other grants, whether capital or revenue is recognised when the company has entitlement to the funds and performance conditions have been met. It is probable that income will be received, the amount can be measured reliably and is not deferred. Cash donations are recognised on receipt.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Development costs have been amortised evenly over their estimated useful life of 3 years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
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 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.

Northern Ireland Judo Federation (Registered number: NI666209)

Notes to the Financial Statements - continued
for the year ended 31 March 2024

2. ACCOUNTING POLICIES - continued

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.

Going concern
At the time of approving the accounts, the Directors have a reasonable expectation that the Federation has adequate resources to continue in operational existence for the foreseeable future. Thus, the directors continue to adopt the going concern basis of accounting in preparing the accounts.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2023 - 5 ) .

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1 April 2023
and 31 March 2024 3,750
AMORTISATION
At 1 April 2023
and 31 March 2024 3,750
NET BOOK VALUE
At 31 March 2024 -
At 31 March 2023 -

5. TANGIBLE FIXED ASSETS
Fixtures
and
fittings
£   
COST
At 1 April 2023
and 31 March 2024 5,874
DEPRECIATION
At 1 April 2023 2,298
Charge for year 894
At 31 March 2024 3,192
NET BOOK VALUE
At 31 March 2024 2,682
At 31 March 2023 3,576

Northern Ireland Judo Federation (Registered number: NI666209)

Notes to the Financial Statements - continued
for the year ended 31 March 2024

6. STOCKS
2024 2023
£    £   
Finished goods 1,466 2,712

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Prepayments and accrued income 20,963 -

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Social security and other taxes - (3,912 )
Accruals 14,406 19,160
14,406 15,248

9. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Anthony Bradley FCA (Senior Statutory Auditor)
for and on behalf of Cleaver Black

10. APB ETHICAL STANDARDS

In common with many other businesses of our size and nature we use our auditors to prepare and submit returns to the tax authorities and assist with the preparation of the financial statements.