1 July 2023 v2024.65.1 limited_company_frs_102_section_1a_v1_1_2 companies_houseSoftwarefalsetruetruetrueNo description of principal activityfalsetruexbrli:purexbrli:sharesiso4217:GBP102062752023-07-012024-06-30102062752024-06-30102062752023-06-3010206275core:WithinOneYear2024-06-3010206275core:WithinOneYear2023-06-3010206275core:AfterOneYear2024-06-3010206275core:AfterOneYear2023-06-3010206275core:RetainedEarningsAccumulatedLosses2024-06-3010206275core:RetainedEarningsAccumulatedLosses2023-06-3010206275bus:Director12023-07-012024-06-3010206275bus:RegisteredOffice2023-07-012024-06-3010206275core:LandBuildings2023-07-012024-06-3010206275core:PlantMachinery2023-07-012024-06-30102062752022-07-012023-06-3010206275core:LandBuildings2023-07-0110206275core:PlantMachinery2023-07-01102062752023-07-0110206275core:LandBuildings2024-06-3010206275core:PlantMachinery2024-06-3010206275core:LandBuildings2023-06-3010206275core:PlantMachinery2023-06-301020627512023-07-012024-06-3010206275countries:EnglandWales2023-07-012024-06-3010206275bus:AuditExemptWithAccountantsReport2023-07-012024-06-3010206275bus:CompanyLimitedByGuarantee2023-07-012024-06-3010206275bus:SmallEntities2023-07-012024-06-3010206275bus:FullAccounts2023-07-012024-06-30
Company registration number:
10206275
Drighlington Rugby League Club Limited
Company limited by guarantee
Unaudited Filleted Financial Statements for the year ended
30 June 2024
Drighlington Rugby League Club Limited
Chartered accountant's report to the board of directors on the preparation of the unaudited statutory financial statements of Drighlington Rugby League Club Limited
Year ended
30 June 2024
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the
financial statements
of
Drighlington Rugby League Club Limited
for the year ended
30 June 2024
which comprise the income statement, statement of financial position and related notes from the company’s accounting records and from information and explanations you have given us.
As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at icaew.com/​regulations.
This report is made solely to the Board of Directors of
Drighlington Rugby League Club Limited
, as a body, in accordance with the terms of our engagement letter dated 9 June 2023. Our work has been undertaken solely to prepare for your approval the
financial statements
of
Drighlington Rugby League Club Limited
and state those matters that we have agreed to state to the Board of Directors of
Drighlington Rugby League Club Limited
, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than
Drighlington Rugby League Club Limited
and its Board of Directors, as a body, for our work or for this report.
It is your duty to ensure that
Drighlington Rugby League Club Limited
has kept adequate accounting records and to prepare statutory
financial statements
that give a true and fair view of the assets, liabilities, financial position and surplus of
Drighlington Rugby League Club Limited
. You consider that
Drighlington Rugby League Club Limited
is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the financial statements of Drighlington Rugby League Club Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.
DJH Limited
1-2 Victoria Court, Bank Square
Morley
Leeds
West Yorkshire
LS27 9SE
United Kingdom
Drighlington Rugby League Club Limited
Statement of Financial Position
30 June 2024
20242023
Note££
Fixed assets    
Tangible assets 5
201,815
 
181,040
 
Current assets    
Stocks
5,500
 
5,500
 
Debtors 6
729
 
610
 
Cash at bank and in hand
108,092
 
51,561
 
114,321
 
57,671
 
Creditors: amounts falling due within one year 7
(45,096
)
(28,905
)
Net current assets
69,225
 
28,766
 
Total assets less current liabilities 271,040   209,806  
Creditors: amounts falling due after more than one year 8
(4,296
)
(10,471
)
Net assets
266,744
 
199,335
 
Capital and reserves    
Income and expenditure account
266,744
 
199,335
 
Members funds
266,744
 
199,335
 
For the 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 financial statements for the year in question in accordance with section 476;
  • The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These
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.
These
financial statements
were approved by the board of directors and authorised for issue on
4 December 2024
, and are signed on behalf of the board by:
P Benson
Director
Company registration number:
10206275
Drighlington Rugby League Club Limited
Notes to the Financial Statements
Year ended
30 June 2024

1 General information

The company is a private company limited by guarantee and is registered in England and Wales. The address of the registered office is
Drighlington Community Centre Moorland Road
,
West Yorkshire
,
BD11 1JZ
, United Kingdom.

2 Statement of compliance

These
financial statements
have been prepared in compliance with FRS 102 Section 1A, 'The Financial Reporting Standard applicable to the UK and Republic of Ireland'.

3 Accounting policies

Basis of preparation

The
financial statements
have been prepared on the historical cost basis, as modified by the revaluation of certain assets.
The
financial statements
are prepared in sterling, which is the functional currency of the company.

Turnover

Turnover is measured at the fair value of the consideration received or receivable for goods supplied, net of discounts and Value Added Tax.
Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer, usually on despatch of the goods; the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

Current tax

Current tax is recognised on taxable surplus for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Tangible assets

Tangible assets are initially measured at cost, and are subsequently measured at cost less any accumulated depreciation and accumulated impairment losses or at a revalued amount.
Any tangible assets carried at a revalued amount are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
An increase in the carrying amount of an asset as a result of a revaluation is recognised in other comprehensive income and accumulated in capital and reserves. However, the increase is recognised in surplus or deficit to the extent that it reverses a revaluation decrease of the same asset previously recognised in surplus or deficit. A decrease in the carrying amount of an asset as a result of revaluation is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in capital and reserves. If a revaluation decrease exceeds the accumulated revaluation gains accumulated in capital and reserves in respect of that asset, the excess is recognised in surplus or deficit.
Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful economic life of that asset as follows:
Land and buildings
Straight line over 50 years
Plant and machinery
25% reducing balance

Impairment

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.

Stocks

Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stocks to their present location and condition.

Financial instruments

A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument.
Basic financial instruments are initially recognised at the transaction price and are subsequently measured as follows: Debt instruments are subsequently measured at amortised cost and commitments to receive a loan and to make a loan to another entity are subsequently measured at amortised cost. Where investments in non-convertible preference shares and non-puttable ordinary shares or preference shares are publicly traded or their fair value can otherwise be measured reliably, the investment is subsequently measured at fair value with changes in fair value recognised in surplus or deficit. All other such investments are subsequently measured at cost less impairment.
All other financial instruments, including derivatives, are initially recognised at fair value, which is normally the transaction price and are subsequently measured at fair value, with any changes recognised in surplus or deficit.
Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in surplus or deficit immediately.
All equity instruments regardless of significance, and other financial assets that are individually significant, are assessed individually for impairment. Other financial assets or either assessed individually or grouped on the basis of similar credit risk characteristics.
Any reversals of impairment are recognised in surplus or deficit immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.

Defined contribution pension plan

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund.

Operating leases

The company has entered into an operating lease as the lessee for which the total of future minimum lease payments are as follows: £386 due at 30th June 2024 (£900 due at 30th June 2023).

4 Average number of employees

The average number of persons employed by the company during the year was
17
(2023:
14
).

5 Tangible assets

Land and buildingsPlant and machinery etc.Total
£££
Cost      
At
1 July 2023
188,174
 
17,489
 
205,663
 
Additions
23,000
 
6,377
 
29,377
 
Disposals -  
(300
)
(300
)
At
30 June 2024
211,174
 
23,566
 
234,740
 
Depreciation      
At
1 July 2023
17,767
 
6,856
 
24,623
 
Charge
4,223
 
4,210
 
8,433
 
Disposals -  
(131
)
(131
)
At
30 June 2024
21,990
 
10,935
 
32,925
 
Carrying amount      
At
30 June 2024
189,184
 
12,631
 
201,815
 
At 30 June 2023
170,407
 
10,633
 
181,040
 

6 Debtors

20242023
££
Trade debtors
450
 
610
 
Other debtors
279
  -  
729
 
610
 

7 Creditors: amounts falling due within one year

20242023
££
Bank loans and overdrafts
4,038
 
3,333
 
Trade creditors
27,318
 
14,704
 
Taxation and social security
10,587
 
7,629
 
Other creditors
3,153
 
3,239
 
45,096
 
28,905
 

8 Creditors: amounts falling due after more than one year

20242023
££
Bank loans and overdrafts
4,296
 
10,471