Acorah Software Products - Accounts Production 16.0.110 false true 30 April 2023 1 May 2022 false 1 May 2023 30 April 2024 30 April 2024 10086740 Mr Neil Tucker Mr John McGuigan Ms Natalie Fear iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 10086740 2023-04-30 10086740 2024-04-30 10086740 2023-05-01 2024-04-30 10086740 frs-core:ComputerEquipment 2023-05-01 2024-04-30 10086740 frs-core:PlantMachinery 2023-05-01 2024-04-30 10086740 frs-core:ShareCapital 2024-04-30 10086740 frs-bus:PrivateLimitedCompanyLtd 2023-05-01 2024-04-30 10086740 frs-bus:AbridgedAccounts 2023-05-01 2024-04-30 10086740 frs-bus:SmallEntities 2023-05-01 2024-04-30 10086740 frs-bus:AuditExempt-NoAccountantsReport 2023-05-01 2024-04-30 10086740 frs-bus:SmallCompaniesRegimeForAccounts 2023-05-01 2024-04-30 10086740 frs-bus:Director1 2023-05-01 2024-04-30 10086740 frs-bus:Director2 2023-05-01 2024-04-30 10086740 frs-bus:Director3 2023-05-01 2024-04-30 10086740 frs-countries:EnglandWales 2023-05-01 2024-04-30 10086740 2022-04-30 10086740 2023-04-30 10086740 2022-05-01 2023-04-30 10086740 frs-core:ShareCapital 2023-04-30
Registered number: 10086740
Clevedon RFC Trading and Supporters Group Limited
Unaudited ABRIDGED Financial Statements
For The Year Ended 30 April 2024
Xeinadin South Wales & West Limited
Contents
Page
Abridged Balance Sheet 1—2
Notes to the Abridged Financial Statements 3—4
Page 1
Abridged Balance Sheet
Registered number: 10086740
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 11,179 2,749
11,179 2,749
CURRENT ASSETS
Stocks 5,038 4,934
Debtors 5,346 9,809
Cash at bank and in hand 60,926 73,412
71,310 88,155
Creditors: Amounts Falling Due Within One Year (82,488 ) (90,903 )
NET CURRENT ASSETS (LIABILITIES) (11,178 ) (2,748 )
TOTAL ASSETS LESS CURRENT LIABILITIES 1 1
NET ASSETS 1 1
CAPITAL AND RESERVES
Called up share capital 5 1 1
SHAREHOLDERS' FUNDS 1 1
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For the year ending 30 April 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
All of the company's members have consented to the preparation of an Abridged Balance Sheet for the year end 30 April 2024 in accordance with section 444(2A) of the Companies Act 2006.
On behalf of the board
Mr Neil Tucker
Director
Ms Natalie Fear
Director
18/09/2024
The notes on pages 3 to 4 form part of these financial statements.
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Notes to the Abridged Financial Statements
1. General Information
Clevedon RFC Trading and Supporters Group Limited is a private company, limited by shares, incorporated in England & Wales, registered number 10086740 . The registered office is Coleridge Vale Playing Fields, Southey Road, Clevedon, North Somerset, BS21 6PF.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Plant & Machinery 25% on reducing balance
Computer Equipment 25% on reducing balance
2.4. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
3. Average Number of Employees
Average number of employees, including directors, during the year was as follows:
2024 2023
Office and administration 15 15
15 15
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4. Tangible Assets
Total
£
Cost
As at 1 May 2023 5,463
Additions 11,141
As at 30 April 2024 16,604
Depreciation
As at 1 May 2023 2,714
Provided during the period 2,711
As at 30 April 2024 5,425
Net Book Value
As at 30 April 2024 11,179
As at 1 May 2023 2,749
5. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 1 1
6. Related Party Transactions
The company is a wholly-owned trading subsidiary of Clevedon Rugby Football Club Limited, a Co-operative Society registered under the Co-operative and Community Benefit Societies Act 2014 (Registered no. IP28568R)
During the period the company paid rent to its Parent Company to reflect the shared use of the bar and clubhouse at Coleridge Vale Playing Fields, in line with the terms of its resource sharing agreement. Rents paid amounted to £6,000 in the period (2023 - £6,000) and will continue to be charged at £1,500 per quarter.
Under the terms of the resource sharing agreement the company also paid £11,200 (2023 - £10,250) for the right to use the company's branding, representing 5% of the company's gross turnover and is an annual, recurring charge.
Finally the subsidiary also made a voluntary donation equal to all of it's trading profits to the company in the amount of £31,938 (2023 - £34,564).
As at the balance sheet date the company owed Clevedon Rugby Football Club Limited £67,907 (2023 - £77,826) by way of an intercompany account. No interest is being charged on this balance, which regularly fluctuates between a debit and credit position, nor are there any repayment terms specified.
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