Liverpool County Football Association Limited 03778527 false 2023-07-01 2024-06-30 2024-06-30 The principal activity of the company is delivering football and related activities. Digita Accounts Production Advanced 6.30.9574.0 true true 03778527 2023-07-01 2024-06-30 03778527 2024-06-30 03778527 core:CurrentFinancialInstruments 2024-06-30 03778527 core:CurrentFinancialInstruments core:WithinOneYear 2024-06-30 03778527 core:Non-currentFinancialInstruments core:AfterOneYear 2024-06-30 03778527 core:AdditionsToInvestments 2024-06-30 03778527 core:CostValuation 2024-06-30 03778527 core:OfficeEquipment 2024-06-30 03778527 bus:SmallEntities 2023-07-01 2024-06-30 03778527 bus:AuditExemptWithAccountantsReport 2023-07-01 2024-06-30 03778527 bus:FilletedAccounts 2023-07-01 2024-06-30 03778527 bus:SmallCompaniesRegimeForAccounts 2023-07-01 2024-06-30 03778527 bus:RegisteredOffice 2023-07-01 2024-06-30 03778527 bus:Director1 2023-07-01 2024-06-30 03778527 bus:Director10 2023-07-01 2024-06-30 03778527 bus:Director13 2023-07-01 2024-06-30 03778527 bus:Director14 2023-07-01 2024-06-30 03778527 bus:Director15 2023-07-01 2024-06-30 03778527 bus:Director16 2023-07-01 2024-06-30 03778527 bus:Director17 2023-07-01 2024-06-30 03778527 bus:Director3 2023-07-01 2024-06-30 03778527 bus:Director4 2023-07-01 2024-06-30 03778527 bus:Director6 2023-07-01 2024-06-30 03778527 bus:Director8 2023-07-01 2024-06-30 03778527 bus:PrivateLimitedCompanyLtd 2023-07-01 2024-06-30 03778527 core:OfficeEquipment 2023-07-01 2024-06-30 03778527 core:PlantMachinery 2023-07-01 2024-06-30 03778527 countries:EnglandWales 2023-07-01 2024-06-30 03778527 2023-06-30 03778527 core:CostValuation 2023-06-30 03778527 core:OfficeEquipment 2023-06-30 03778527 2022-07-01 2023-06-30 03778527 2023-06-30 03778527 core:CurrentFinancialInstruments 2023-06-30 03778527 core:CurrentFinancialInstruments core:WithinOneYear 2023-06-30 03778527 core:Non-currentFinancialInstruments core:AfterOneYear 2023-06-30 03778527 core:OfficeEquipment 2023-06-30 iso4217:GBP xbrli:pure

Registration number: 03778527

Liverpool County Football Association Limited

Unaudited Filleted Financial Statements

for the Year Ended 30 June 2024

 

Liverpool County Football Association Limited

Contents

Company Information

1

Balance Sheet

2 to 3

Notes to the Unaudited Financial Statements

4 to 9

 

Liverpool County Football Association Limited

Company Information

Directors

Mr Neil Colin Fletcher

Ms Tina Patricia Hamilton

Mr Ian Wild

Mr David Peter Woods

Mr Patrick Joseph Farrell

Mr David Pugh

Mr Joseph Gibiliru

Mr Anthony Smith

Katie Wynn-Jones

Jonathan Hardy

Laura May Mohomed

Registered office

LCFA Sefton
Drummond Road
Crosby
Liverpool
Merseyside
L23 9YP

Accountants

Williamson Croft (Liverpool) Ltd
Chartered Certified Accountants
1 Old Hall Street
1st Floor
Liverpool
L3 9HF

 

Liverpool County Football Association Limited

(Registration number: 03778527)
Balance Sheet as at 30 June 2024

Note

2024
£

(As restated)

2023
£

Fixed assets

 

Tangible assets

4

3,400

4,283

Investments

5

759,636

543,870

 

763,036

548,153

Current assets

 

Debtors

6

171,378

155,414

Cash at bank and in hand

 

96,552

287,212

 

267,930

442,626

Creditors: Amounts falling due within one year

7

(84,875)

(113,741)

Net current assets

 

183,055

328,885

Total assets less current liabilities

 

946,091

877,038

Creditors: Amounts falling due after more than one year

7

(265,856)

(209,940)

Provisions for liabilities

(80,000)

(80,000)

Net assets

 

600,235

587,098

Capital and reserves

 

Retained earnings

600,235

587,098

 

600,235

587,098

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 members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

 

Liverpool County Football Association Limited

(Registration number: 03778527)
Balance Sheet as at 30 June 2024

Approved and authorised by the Board on 19 November 2024 and signed on its behalf by:
 

.........................................
Jonathan Hardy
Director

 

Liverpool County Football Association Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2024

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
LCFA Sefton
Drummond Road
Crosby
Liverpool
Merseyside
L23 9YP

These financial statements were authorised for issue by the Board on 19 November 2024.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

 

Liverpool County Football Association Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2024

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Plant and machinery

25% Straight Line method

Business combinations

Business combinations are accounted for using the purchase method. The consideration for each acquisition is measured at the aggregate of the fair values at acquisition date of assets given, liabilities incurred or assumed, and equity instruments issued by the group in exchange for control of the acquired, plus any costs directly attributable to the business combination. When a business combination agreement provides for an adjustment to the cost of the combination contingent on future events, the group includes the estimated amount of that adjustment in the cost of the combination at the acquisition date if the adjustment is probable and can be measured reliably.

Investments

Investments which are not publicly traded and where fair value cannot be measured reliably are measured at cost less impairment.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

 

Liverpool County Football Association Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2024

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Provisions

Provisions are recognised when the company believes it may have an obligation at a future date and it is probable that the company will be required to settle that obligation and a reliable estimate can be made of the amount of the obligation.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 14 (2023 - 13).

 

Liverpool County Football Association Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2024

4

Tangible assets

Office equipment
£

Total
£

Cost or valuation

At 1 July 2023

11,583

11,583

Additions

2,374

2,374

At 30 June 2024

13,957

13,957

Depreciation

At 1 July 2023

7,300

7,300

Charge for the year

3,257

3,257

At 30 June 2024

10,557

10,557

Carrying amount

At 30 June 2024

3,400

3,400

At 30 June 2023

4,283

4,283

5

Investments

2024
£

(As restated)

2023
£

Investments in associates

759,636

543,870

Associates

£

Cost

At 1 July 2023

543,870

Additions

215,766

At 30 June 2024

759,636

Provision

Carrying amount

At 30 June 2024

759,636

At 30 June 2023

543,870

 

Liverpool County Football Association Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2024

6

Debtors

Current

2024
£

2023
£

Trade debtors

145,304

149,883

Prepayments

26,074

5,531

 

171,378

155,414

 

Liverpool County Football Association Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2024

7

Creditors

Note

2024
£

(As restated)

2023
£

Due within one year

 

Loans and borrowings

10,181

9,602

Trade creditors

 

12,926

23,297

Taxation and social security

 

9,760

10,086

Accruals and deferred income

 

46,298

66,182

Other creditors

 

5,710

4,574

 

84,875

113,741

Note

2024
£

(As restated)

2023
£

Due after one year

 

Loans and borrowings

13,093

23,686

Deferred income

 

252,763

186,254

 

265,856

209,940