IRIS Accounts Production v24.3.2.46 SC179485 Board of Directors 1.6.23 31.5.24 31.5.24 false true false false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWhSC1794852023-05-31SC1794852024-05-31SC1794852023-06-012024-05-31SC1794852022-05-31SC1794852022-06-012023-05-31SC1794852023-05-31SC179485ns15:Scotland2023-06-012024-05-31SC179485ns14:PoundSterling2023-06-012024-05-31SC179485ns10:Director12023-06-012024-05-31SC179485ns10:PrivateLimitedCompanyLtd2023-06-012024-05-31SC179485ns10:SmallEntities2023-06-012024-05-31SC179485ns10:AuditExempt-NoAccountantsReport2023-06-012024-05-31SC179485ns10:SmallCompaniesRegimeForDirectorsReport2023-06-012024-05-31SC179485ns10:SmallCompaniesRegimeForAccounts2023-06-012024-05-31SC179485ns10:FullAccounts2023-06-012024-05-31SC17948512023-06-012024-05-31SC179485ns10:Director32023-06-012024-05-31SC179485ns10:Director42023-06-012024-05-31SC179485ns10:Director52023-06-012024-05-31SC179485ns10:Director62023-06-012024-05-31SC179485ns10:Director72023-06-012024-05-31SC179485ns10:RegisteredOffice2023-06-012024-05-31SC179485ns5:CurrentFinancialInstruments2024-05-31SC179485ns5:CurrentFinancialInstruments2023-05-31SC179485ns5:ShareCapital2024-05-31SC179485ns5:ShareCapital2023-05-31SC179485ns5:RetainedEarningsAccumulatedLosses2024-05-31SC179485ns5:RetainedEarningsAccumulatedLosses2023-05-31SC179485ns5:NetGoodwill2023-06-012024-05-31SC179485ns5:IntangibleAssetsOtherThanGoodwill2023-06-012024-05-31SC179485ns5:PlantMachinery2023-06-012024-05-31SC179485ns5:MotorVehicles2023-06-012024-05-31SC179485ns5:NetGoodwill2023-05-31SC179485ns5:NetGoodwill2024-05-31SC179485ns5:NetGoodwill2023-05-31SC179485ns5:PlantMachinery2023-05-31SC179485ns5:MotorVehicles2023-05-31SC179485ns5:PlantMachinery2024-05-31SC179485ns5:MotorVehicles2024-05-31SC179485ns5:PlantMachinery2023-05-31SC179485ns5:MotorVehicles2023-05-31SC179485ns5:CurrentFinancialInstrumentsns5:WithinOneYear2024-05-31SC179485ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-05-31
REGISTERED NUMBER: SC179485 (Scotland)















Unaudited Financial Statements

for the Year Ended 31 May 2024

for

Deveronvale Football Club Limited

Deveronvale Football Club Limited (Registered number: SC179485)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Deveronvale Football Club Limited

Company Information
for the Year Ended 31 May 2024







DIRECTORS: Mr P Bruce
Mr M J Watson
Mrs A Allan
Mr A Y Lorimer
Mr H W McLeay
Mr M J Vickers





REGISTERED OFFICE: Princess Royal Park
56 Airlie Gardens
Banff
Aberdeenshire
AB45 1AZ





REGISTERED NUMBER: SC179485 (Scotland)





ACCOUNTANTS: SBP
Accountants
9 Carmelite Street
Banff
Aberdeenshire
AB45 1AF

Deveronvale Football Club Limited (Registered number: SC179485)

Balance Sheet
31 May 2024

31.5.24 31.5.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 19,172 1,562
Tangible assets 5 2,100 2,775
21,272 4,337

CURRENT ASSETS
Stocks 300 300
Debtors 6 1,840 -
Investments 7 10,000 10,000
Cash at bank and in hand 6,991 33,096
19,131 43,396
CREDITORS
Amounts falling due within one year 8 7,967 15,137
NET CURRENT ASSETS 11,164 28,259
TOTAL ASSETS LESS CURRENT
LIABILITIES

32,436

32,596

CAPITAL AND RESERVES
Called up share capital 224,512 214,512
Retained earnings (192,076 ) (181,916 )
SHAREHOLDERS' FUNDS 32,436 32,596

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.

Deveronvale Football Club Limited (Registered number: SC179485)

Balance Sheet - continued
31 May 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 13 February 2025 and were signed on its behalf by:





Mr A Y Lorimer - Director


Deveronvale Football Club Limited (Registered number: SC179485)

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

1. STATUTORY INFORMATION

Deveronvale Football Club Limited is a private company, limited by shares , 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.

Players contracts
Players contracts are amortised over the length of the contract.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 20% on reducing balance
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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 25 (2023 - 28 ) .

Deveronvale Football Club Limited (Registered number: SC179485)

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

4. INTANGIBLE FIXED ASSETS
Players
contracts
£   
COST
At 1 June 2023 8,250
Additions 21,340
At 31 May 2024 29,590
AMORTISATION
At 1 June 2023 6,688
Amortisation for year 3,730
At 31 May 2024 10,418
NET BOOK VALUE
At 31 May 2024 19,172
At 31 May 2023 1,562

5. TANGIBLE FIXED ASSETS
Plant and Motor
machinery vehicles Totals
£    £    £   
COST
At 1 June 2023
and 31 May 2024 5,061 7,000 12,061
DEPRECIATION
At 1 June 2023 2,961 6,325 9,286
Charge for year 500 175 675
At 31 May 2024 3,461 6,500 9,961
NET BOOK VALUE
At 31 May 2024 1,600 500 2,100
At 31 May 2023 2,100 675 2,775

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.24 31.5.23
£    £   
Trade debtors 440 -
Other debtors 1,400 -
1,840 -

Deveronvale Football Club Limited (Registered number: SC179485)

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

7. CURRENT ASSET INVESTMENTS
31.5.24 31.5.23
£    £   
Other 10,000 10,000

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.24 31.5.23
£    £   
Other creditors 7,967 15,137