Registered number
05698303
STRETTON BOWLS CLUB LIMITED
Filleted Accounts
31 October 2024
STRETTON BOWLS CLUB LIMITED
Registered number: 05698303
Balance Sheet
as at 31 October 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 155,732 156,450
Current assets
Stocks 2,879 4,155
Debtors 4 1,244 -
Cash at bank and in hand 33,837 29,090
37,960 33,245
Creditors: amounts falling due within one year 5 (864) (887)
Net current assets 37,096 32,358
Net assets 192,828 188,808
Capital and reserves
Revaluation reserve 6 160,267 160,267
Profit and loss account 32,561 28,541
Shareholders' funds 192,828 188,808
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
W C Gee
Director
Approved by the board on 30 January 2025
STRETTON BOWLS CLUB LIMITED
Notes to the Accounts
for the year ended 31 October 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
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 from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Freehold buildings 0%
Plant and machinery 20% RBM
Fixtures, fittings, tools and equipment 20% RBM
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 6 4
3 Tangible fixed assets
Land and buildings Plant and machinery etc Motor vehicles Total
£ £ £ £
Cost
At 1 November 2023 120,000 21,777 68,246 210,023
Additions - - 8,214 8,214
At 31 October 2024 120,000 21,777 76,460 218,237
Depreciation
At 1 November 2023 - 15,810 37,763 53,573
Charge for the year - 1,193 7,739 8,932
At 31 October 2024 - 17,003 45,502 62,505
Net book value
At 31 October 2024 120,000 4,774 30,958 155,732
At 31 October 2023 120,000 5,967 30,483 156,450
4 Debtors 2024 2023
£ £
Other debtors 1,244 -
5 Creditors: amounts falling due within one year 2024 2023
£ £
Other creditors 864 887
6 Revaluation reserve 2024 2023
£ £
At 1 November 2023 160,267 160,267
At 31 October 2024 160,267 160,267
7 Controlling party
The company is limited by guarantee and has no share capital.
Every member of the company undertakes to contribute to the assets of the company, in the event of a winding up, such an amount as may be required not exceeding £1.
The company is therefore controlled by the members with no one having overall control.
8 Other information
STRETTON BOWLS CLUB LIMITED is a private company limited by shares and incorporated in England. Its registered office is:
Bitham Lane
Stretton
Burton on Trent
Staffordshire
DE13 0HB
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