6 6 Braintree Hockey Club Limited 08034805 false 2023-05-01 2024-04-30 2024-04-30 The principal activity of the company is the provision of hockey and facilities to members. Digita Accounts Production Advanced 6.30.9574.0 08034805 2023-05-01 2024-04-30 08034805 2024-04-30 08034805 core:FinancialAssetsCostLessImpairment core:CurrentFinancialInstruments 2024-04-30 08034805 core:CurrentFinancialInstruments 2024-04-30 08034805 core:CurrentFinancialInstruments core:WithinOneYear 2024-04-30 08034805 core:Non-currentFinancialInstruments core:AfterOneYear 2024-04-30 08034805 core:ConstructionInProgressAssetsUnderConstruction 2024-04-30 08034805 core:FurnitureFittingsToolsEquipment 2024-04-30 08034805 core:LandBuildings 2024-04-30 08034805 core:OtherPropertyPlantEquipment 2024-04-30 08034805 bus:SmallEntities 2023-05-01 2024-04-30 08034805 bus:AuditExemptWithAccountantsReport 2023-05-01 2024-04-30 08034805 bus:FilletedAccounts 2023-05-01 2024-04-30 08034805 bus:SmallCompaniesRegimeForAccounts 2023-05-01 2024-04-30 08034805 bus:RegisteredOffice 2023-05-01 2024-04-30 08034805 bus:Director10 2023-05-01 2024-04-30 08034805 bus:Director11 2023-05-01 2024-04-30 08034805 bus:Director12 2023-05-01 2024-04-30 08034805 bus:Director3 2023-05-01 2024-04-30 08034805 bus:Director6 2023-05-01 2024-04-30 08034805 bus:Director9 2023-05-01 2024-04-30 08034805 bus:PrivateLimitedCompanyLtd 2023-05-01 2024-04-30 08034805 core:Buildings 2023-05-01 2024-04-30 08034805 core:ConstructionInProgressAssetsUnderConstruction 2023-05-01 2024-04-30 08034805 core:FurnitureFittingsToolsEquipment 2023-05-01 2024-04-30 08034805 core:Land 2023-05-01 2024-04-30 08034805 core:LandBuildings 2023-05-01 2024-04-30 08034805 core:OtherPropertyPlantEquipment 2023-05-01 2024-04-30 08034805 6 2023-05-01 2024-04-30 08034805 countries:AllCountries 2023-05-01 2024-04-30 08034805 2023-04-30 08034805 core:ConstructionInProgressAssetsUnderConstruction 2023-04-30 08034805 core:FurnitureFittingsToolsEquipment 2023-04-30 08034805 core:LandBuildings 2023-04-30 08034805 core:OtherPropertyPlantEquipment 2023-04-30 08034805 2022-05-01 2023-04-30 08034805 2023-04-30 08034805 core:CurrentFinancialInstruments 2023-04-30 08034805 core:CurrentFinancialInstruments core:WithinOneYear 2023-04-30 08034805 core:Non-currentFinancialInstruments core:AfterOneYear 2023-04-30 08034805 core:ConstructionInProgressAssetsUnderConstruction 2023-04-30 08034805 core:FurnitureFittingsToolsEquipment 2023-04-30 08034805 core:LandBuildings 2023-04-30 08034805 core:OtherPropertyPlantEquipment 2023-04-30 xbrli:pure iso4217:GBP

Registrar

Registration number: 08034805

Braintree Hockey Club Limited

Unaudited Filleted Financial Statements

for the Year Ended 30 April 2024

 

Braintree Hockey Club Limited

Contents

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3 to 7

 

Braintree Hockey Club Limited

Company Information

Directors

M B Hanley

A J Hill

J G Menhinick

D R Bull

F E Coulson

K J Browning

Registered office

The Four Releet
Church Street
Braintree
Essex
CM7 5LJ

 

Braintree Hockey Club Limited

(Registration number: 08034805)
Balance Sheet as at 30 April 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

113,263

122,256

Current assets

 

Stocks

6

527

469

Debtors

7

9,882

7,737

Other financial assets

5

223,820

195,408

Cash at bank and in hand

 

25,369

44,903

 

259,598

248,517

Creditors: Amounts falling due within one year

8

(9,436)

(9,804)

Net current assets

 

250,162

238,713

Total assets less current liabilities

 

363,425

360,969

Creditors: Amounts falling due after more than one year

8

-

(5,770)

Net assets

 

363,425

355,199

Capital and reserves

 

Retained earnings

363,425

355,199

Shareholders' funds

 

363,425

355,199

For the financial 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.

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 and 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.

Approved and authorised by the Board on 28 January 2025 and signed on its behalf by:
 


 

J G Menhinick
Director


 

D R Bull
Director

 

Braintree Hockey Club Limited

Notes to the Financial Statements for the Year Ended 30 April 2024

1

General information

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

The address of its registered office, and the principal place of business, is: The Four Releet, Church Street, Braintree, Essex, CM7 5LJ.

These financial statements were authorised for issue by the Board on 28 January 2025.

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.

These financial statements are presented in Sterling (£), which is the company's functional currency.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of subscriptions, income from hire and bar and other social income. Turnover is shown net of 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.

Other grants

A grant from England Hockey was treated as deferred income and credited over a period approximating to the useful life of the asset to which it relates.

Tax

As the Company is a Community Amateur Sports Club (CASC) it is eligible for tax exemptions, subject to its levels of income and the utilisation of any surpluses for qualifying purposes. Should either the specified income levels be breeched or surpluses used for non-qualifying purposes, then corporation tax would become due accordingly.

Deferred tax is recognised on temporary difference arising between the tax bases of assets and liabilities and their carrying amounts in the financial statements and on unused tax losses or tax credits in the company. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date. However, as the Company is a CASC, deferred tax will only recognised if it is unable to take advantage of the available tax exemptions.

Tangible assets

Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation.

Depreciation

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

 

Braintree Hockey Club Limited

Notes to the Financial Statements for the Year Ended 30 April 2024

Asset class

Depreciation method and rate

Equipment

25% Reducing Balance

Clubhouse and Changing Rooms

4% Straight Line

Synthetic Playing Surface

10% Straight Line

Land

No Depreciation Charged

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Trade debtors

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

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits.

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.

Share capital

The Company has no share capital since it is limited by guarantee. The liability of members is £1.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 6 (2023 - 6).

 

Braintree Hockey Club Limited

Notes to the Financial Statements for the Year Ended 30 April 2024

4

Tangible assets

Clubhouse and Changing Rooms
£

Equipment
 £

Land
 £

Synthetic Playing Surface
£

Total
£

Cost or valuation

At 1 May 2023

33,713

29,232

45,000

76,160

184,105

Additions

61

273

-

2,675

3,009

At 30 April 2024

33,774

29,505

45,000

78,835

187,114

Depreciation

At 1 May 2023

6,583

17,356

-

37,910

61,849

Charge for the year

1,349

3,037

-

7,616

12,002

At 30 April 2024

7,932

20,393

-

45,526

73,851

Carrying amount

At 30 April 2024

25,842

9,112

45,000

33,309

113,263

At 30 April 2023

27,130

11,876

45,000

38,250

122,256

5

Other financial assets (current and non-current)

Financial assets at cost less impairment
£

Total
£

Current financial assets

Cost or valuation

At 1 May 2023

195,408

195,408

Additions

28,412

28,412

At 30 April 2024

223,820

223,820

Carrying amount

At 30 April 2024

223,820

223,820

 

Braintree Hockey Club Limited

Notes to the Financial Statements for the Year Ended 30 April 2024

The current financial assets held at the balance sheet date are as follows:
 

Invested with

Investment held

Investment return

Hampshire Trust Bank

£85,000

4.70% per annum

United Trust Bank

£84,061

0.10% / 0.90% / 1.32% per annum

Shawbrook Bank

£51,197

4.27% / 5.03% per annum

Dudley Bank

£3,562

4.0% per annum

6

Stocks

2024
£

2023
£

Stock

527

469

7

Debtors

2024
£

2023
£

Trade debtors

8,647

7,444

Prepayments

294

293

Other debtors

941

-

9,882

7,737

8

Creditors

Creditors: amounts falling due within one year

Note

2024
£

2023
£

Due within one year

 

Loans and borrowings

9

427

-

Trade creditors

 

194

173

Taxation and social security

 

-

321

Accruals and deferred income

 

3,160

9,310

Other creditors

 

5,655

-

 

9,436

9,804

Creditors: amounts falling due after more than one year

2024
£

2023
£

Due after one year

Deferred income

-

5,770

 

Braintree Hockey Club Limited

Notes to the Financial Statements for the Year Ended 30 April 2024

9

Loans and borrowings

Current loans and borrowings

2024
£

2023
£

Bank overdrafts

427

-