PTP Accounts Production v22.3.0.621 SC209935 Board of Directors 1.4.23 31.3.24 31.3.24 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureSC2099352023-03-31SC2099352024-03-31SC2099352023-04-012024-03-31SC2099352022-03-31SC2099352022-04-012023-03-31SC2099352023-03-31SC209935ns16:Scotland2023-04-012024-03-31SC209935ns15:PoundSterling2023-04-012024-03-31SC209935ns11:Director12023-04-012024-03-31SC209935ns11:CompanyLimitedByGuarantee2023-04-012024-03-31SC209935ns11:SmallEntities2023-04-012024-03-31SC209935ns11:AuditExemptWithAccountantsReport2023-04-012024-03-31SC209935ns11:SmallCompaniesRegimeForDirectorsReport2023-04-012024-03-31SC209935ns11:SmallCompaniesRegimeForAccounts2023-04-012024-03-31SC209935ns11:FullAccounts2023-04-012024-03-31SC209935ns11:Director22023-04-012024-03-31SC209935ns11:Director32023-04-012024-03-31SC209935ns11:Director82023-04-012024-03-31SC209935ns11:Director92023-04-012024-03-31SC209935ns11:Director102023-04-012024-03-31SC209935ns11:Director112023-04-012024-03-31SC209935ns11:Director122023-04-012024-03-31SC209935ns11:Director132023-04-012024-03-31SC209935ns11:RegisteredOffice2023-04-012024-03-31SC209935ns6:CurrentFinancialInstruments2024-03-31SC209935ns6:CurrentFinancialInstruments2023-03-31SC209935ns6:Non-currentFinancialInstruments2024-03-31SC209935ns6:Non-currentFinancialInstruments2023-03-31SC209935ns6:RetainedEarningsAccumulatedLosses2024-03-31SC209935ns6:RetainedEarningsAccumulatedLosses2023-03-31SC209935ns6:LeaseholdImprovements2023-04-012024-03-31SC209935ns6:PlantMachinery2023-04-012024-03-31SC209935ns6:LeaseholdImprovements2023-03-31SC209935ns6:PlantMachinery2023-03-31SC209935ns6:LeaseholdImprovements2024-03-31SC209935ns6:PlantMachinery2024-03-31SC209935ns6:LeaseholdImprovements2023-03-31SC209935ns6:PlantMachinery2023-03-31SC209935ns6:WithinOneYearns6:CurrentFinancialInstruments2024-03-31SC209935ns6:WithinOneYearns6:CurrentFinancialInstruments2023-03-31
REGISTERED NUMBER: SC209935 (Scotland)















FINANCIAL STATEMENTS

FOR THE YEAR ENDED

31 MARCH 2024

FOR

SCOTTISH BADMINTON UNION

SCOTTISH BADMINTON UNION (REGISTERED NUMBER: SC209935)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Chartered Accountants' Report 7

SCOTTISH BADMINTON UNION

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTORS: C M Black
C S Campbell
G Haldane
B Blacoe
J W Craig
K J Russell
K Scott
C Robertson
A M Travers





REGISTERED OFFICE: 40 Bogmoor Place
Glasgow
G51 4TQ





REGISTERED NUMBER: SC209935 (Scotland)





ACCOUNTANTS: Colin Emery and Co. , Chartered Accountants
2 Comorach House,
Pollok Castle Estate,
Newton Mearns,
Glasgow
G77 6NT

SCOTTISH BADMINTON UNION (REGISTERED NUMBER: SC209935)

BALANCE SHEET
31 MARCH 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 312,849 316,534

CURRENT ASSETS
Stocks 23,180 28,541
Debtors 5 85,804 59,846
Cash at bank 75,168 194,949
184,152 283,336
CREDITORS
Amounts falling due within one year 6 87,321 158,683
NET CURRENT ASSETS 96,831 124,653
TOTAL ASSETS LESS CURRENT
LIABILITIES

409,680

441,187

CREDITORS
Amounts falling due after more than one year 7 123,500 120,000
NET ASSETS 286,180 321,187

RESERVES
Income and expenditure account 286,180 321,187
286,180 321,187

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

SCOTTISH BADMINTON UNION (REGISTERED NUMBER: SC209935)

BALANCE SHEET - continued
31 MARCH 2024


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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 30 January 2025 and were signed on its behalf by:





C S Campbell - Director


SCOTTISH BADMINTON UNION (REGISTERED NUMBER: SC209935)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024


1. STATUTORY INFORMATION

Scottish Badminton Union is a private company, limited by guarantee , registered in Scotland. 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.

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

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Improvements to property - at varying rates on cost
Equipment - at varying rates on cost

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 Income Statement, 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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to surplus or deficit on a straight line basis over the period of the lease.

SCOTTISH BADMINTON UNION (REGISTERED NUMBER: SC209935)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024


2. ACCOUNTING POLICIES - continued

Pension costs
Contributions are made by the Union to the pension arrangements for employees who are members of the Union's Group Stakeholders Pension Plan and for those who have their own Pension Plans.

Reserves
The Union aims to have reserves equal to four months staffing and administration costs.

Taxation
The Union has mutual trading status for taxation purposes as regards its trading activities with its own members and pays tax only on the profit derived from trading with non-members (i.e. Interest received etc).

Grants
Revenue Grants are credited to the Profit and Loss account in the same period as the related expenditure.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 27 (2023 - 18 ) .

4. TANGIBLE FIXED ASSETS
Improvements
to
property Equipment Totals
£    £    £   
COST
At 1 April 2023 350,948 72,241 423,189
Additions - 15,566 15,566
Reclassification/transfer - 24,744 24,744
At 31 March 2024 350,948 112,551 463,499
DEPRECIATION
At 1 April 2023 44,948 61,707 106,655
Charge for year 10,095 9,156 19,251
Charge written back - 24,744 24,744
At 31 March 2024 55,043 95,607 150,650
NET BOOK VALUE
At 31 March 2024 295,905 16,944 312,849
At 31 March 2023 306,000 10,534 316,534

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 85,804 59,846

SCOTTISH BADMINTON UNION (REGISTERED NUMBER: SC209935)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024


6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 75,124 135,721
Taxation and social security 11,026 9,540
Other creditors 1,171 13,422
87,321 158,683

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Other creditors 123,500 120,000

Amounts falling due in more than five years:

Repayable by instalments
Other loans more 5yrs instal 72,000 72,000

8. CONTINGENT LIABILITIES

There were no contingent liabilities at the year end.

CHARTERED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS
ON THE UNAUDITED FINANCIAL STATEMENTS OF
SCOTTISH BADMINTON UNION


The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Scottish Badminton Union for the year ended 31 March 2024 which comprise the Income Statement, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of ICAS, we are subject to its ethical and other professional requirements which are detailed at http://www.icas.com/accountspreparationguidance.

This report is made solely to the Board of Directors of Scottish Badminton Union, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Scottish Badminton Union and state those matters that we have agreed to state to the Board of Directors of Scottish Badminton Union, as a body, in this report in accordance with the requirements of ICAS as detailed at http://www.icas.com/accountspreparationguidance. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Scottish Badminton Union 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 loss of Scottish Badminton Union. You consider that Scottish Badminton Union 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 Scottish Badminton Union. 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.






Colin Emery and Co. , Chartered Accountants
2 Comorach House,
Pollok Castle Estate,
Newton Mearns,
Glasgow
G77 6NT


20 January 2025