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REGISTERED NUMBER: 01004070 (England and Wales)






















Unaudited Financial Statements

for the Year Ended 31 May 2024

for

Gainsborough Trinity Football Club
Limited

Gainsborough Trinity Football Club
Limited (Registered number: 01004070)






Contents of the Financial Statements
for the Year Ended 31 May 2024




Page

Company Information 1

Chartered Accountants' Report 2

Balance Sheet 3

Notes to the Financial Statements 4


Gainsborough Trinity Football Club
Limited

Company Information
for the Year Ended 31 May 2024







DIRECTORS: J Myskiw
D Ashley
D J Horsley
K A Johnson
M Boles
C L Booth
L M Goodall
J Hallam
Mrs C L Booth





SECRETARY: D Ashley





REGISTERED OFFICE: The Northolme
Gainsborough
Lincolnshire
DN21 2QW





REGISTERED NUMBER: 01004070 (England and Wales)





ACCOUNTANTS: Wright Vigar Limited
Chartered Accountants & Business Advisers
Office 1
Engine House
Marshalls Yard
Gainsborough
Lincolnshire
DN21 2NA

Chartered Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
Gainsborough Trinity Football Club
Limited

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 Gainsborough Trinity Football Club Limited for the year ended 31 May 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 the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Gainsborough Trinity Football Club Limited, 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 Gainsborough Trinity Football Club Limited and state those matters that we have agreed to state to the Board of Directors of Gainsborough Trinity Football Club Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Gainsborough Trinity Football Club Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Gainsborough Trinity Football 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 loss of Gainsborough Trinity Football Club Limited. You consider that Gainsborough Trinity Football 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 Gainsborough Trinity Football 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.






Wright Vigar Limited
Chartered Accountants & Business Advisers
Office 1
Engine House
Marshalls Yard
Gainsborough
Lincolnshire
DN21 2NA


10 February 2025

Gainsborough Trinity Football Club
Limited (Registered number: 01004070)

Balance Sheet
31 May 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 5,572 10,385

CURRENT ASSETS
Stocks 2,786 2,851
Debtors 5 1,760 19,761
Cash at bank 4,811 13,085
9,357 35,697
CREDITORS
Amounts falling due within one year 6 184,947 169,635
NET CURRENT LIABILITIES (175,590 ) (133,938 )
TOTAL ASSETS LESS CURRENT LIABILITIES (170,018 ) (123,553 )

CAPITAL AND RESERVES
Called up share capital 7 196,205 196,205
Retained earnings (366,223 ) (319,758 )
SHAREHOLDERS' FUNDS (170,018 ) (123,553 )

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 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 profit or loss 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.

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 10 February 2025 and were signed on its behalf by:





D J Horsley - Director


Gainsborough Trinity Football Club
Limited (Registered number: 01004070)

Notes to the Financial Statements
for the Year Ended 31 May 2024

1. STATUTORY INFORMATION

Gainsborough Trinity Football Club Limited is a private company, limited by shares , registered in England and Wales. 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 leasehold property - 5% on cost
Plant and machinery - 25% on cost
Fixtures and fittings - 25% on cost
Motor vehicles - 25% on reducing balance

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.

Going concern
As at 31 May 2024, the company's liabilities exceeded its assets by £170,018 . Included within liabilities are balances totalling £165,491 details of which are given below.

The balances totalling £165,491 are with a former director and certain related parties controlled by the director. As the former director controls the repayment terms of these balances it is highly unlikely that this support of the company will be removed. Therefore, we consider it appropriate to prepare these financial statements on the going concern basis.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 26 (2023 - 25 ) .

Gainsborough Trinity Football Club
Limited (Registered number: 01004070)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2024

4. TANGIBLE FIXED ASSETS
Improvements
to Fixtures
leasehold Plant and and Motor
property machinery fittings vehicles Totals
£    £    £    £    £   
COST
At 1 June 2023
and 31 May 2024 96,544 55,922 8,482 5,000 165,948
DEPRECIATION
At 1 June 2023 96,544 45,537 8,482 5,000 155,563
Charge for year - 4,813 - - 4,813
At 31 May 2024 96,544 50,350 8,482 5,000 160,376
NET BOOK VALUE
At 31 May 2024 - 5,572 - - 5,572
At 31 May 2023 - 10,385 - - 10,385

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 1,760 19,761

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 3,521 1,928
Taxation and social security 3,070 2,216
Other creditors 178,356 165,491
184,947 169,635

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
9,812,240 Ordinary 1p 98,122 98,122
99,074 Deferred ordinary 99p 98,083 98,083
196,205 196,205

The deferred ordinary shares carry no voting rights, have no dividend entitlements and are not entitled to receive any proceeds on a winding up of the company.

8. ULTIMATE CONTROLLING PARTY

Ultimate control of the company lies with the directors.