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Company Registration No. 14261163 (England and Wales)
Royston Town Football Club Limited Unaudited accounts for the year ended 31 May 2024
Royston Town Football Club Limited Unaudited accounts Contents
Page
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Royston Town Football Club Limited Statement of financial position as at 31 May 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
105,624 
106,333 
Current assets
Inventories
6,259 
6,171 
Debtors
14,803 
43,347 
Cash at bank and in hand
3,863 
(2,250)
24,925 
47,268 
Creditors: amounts falling due within one year
(74,459)
(61,069)
Net current liabilities
(49,534)
(13,801)
Total assets less current liabilities
56,090 
92,532 
Creditors: amounts falling due after more than one year
(11,697)
(34,697)
Net assets
44,393 
57,835 
Reserves
Capital contribution reserve
49,308 
49,308 
Profit and loss account
(4,915)
8,527 
Members' funds
44,393 
57,835 
For the year ending 31 May 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 1 August 2024 and were signed on its behalf by
S Jackson Director Company Registration No. 14261163
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Royston Town Football Club Limited Notes to the Accounts for the year ended 31 May 2024
1
Statutory information
Royston Town Football Club Limited is a private company, limited by guarantee, registered in England and Wales, registration number 14261163. The registered office is 8A Garden Walk, Royston , Herts, SG8 7HP.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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 and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25% Reducing Balance
Inventories
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell.
Pension costs
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
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Royston Town Football Club Limited Notes to the Accounts for the year ended 31 May 2024
4
Tangible fixed assets
Land & buildings 
Plant & machinery 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 June 2023
90,500 
20,000 
110,500 
Additions
- 
3,249 
3,249 
At 31 May 2024
90,500 
23,249 
113,749 
Depreciation
At 1 June 2023
- 
4,167 
4,167 
Charge for the year
- 
3,958 
3,958 
At 31 May 2024
- 
8,125 
8,125 
Net book value
At 31 May 2024
90,500 
15,124 
105,624 
At 31 May 2023
90,500 
15,833 
106,333 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
12,043 
4,881 
Other debtors
2,760 
38,466 
14,803 
43,347 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
10,000 
10,000 
VAT
2,782 
1,546 
Trade creditors
31,710 
35,362 
Taxes and social security
3,655 
2,285 
Other creditors
26,312 
11,876 
74,459 
61,069 
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
11,697 
21,697 
Loans from directors
- 
13,000 
11,697 
34,697 
8
Company limited by guarantee
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.
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Royston Town Football Club Limited Notes to the Accounts for the year ended 31 May 2024
9
Average number of employees
During the year the average number of employees was 28 (2023: 30).
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