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REGISTERED NUMBER: 12433578 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MAY 2024

FOR

LLANGEFNI TOWN FOOTBALL CLUB

LLANGEFNI TOWN FOOTBALL CLUB (REGISTERED NUMBER: 12433578)

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










Page

Balance Sheet 1

Notes to the Financial Statements 3


LLANGEFNI TOWN FOOTBALL CLUB (REGISTERED NUMBER: 12433578)

BALANCE SHEET
31 MAY 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 12,697 23,101

CURRENT ASSETS
Stocks 3,000 4,500
Debtors 5 2,243 100
Cash at bank and in hand 6,886 30,872
12,129 35,472
CREDITORS
Amounts falling due within one year 6 2,492 4,663
NET CURRENT ASSETS 9,637 30,809
TOTAL ASSETS LESS CURRENT
LIABILITIES

22,334

53,910

PROVISIONS FOR LIABILITIES 2,412 2,952
NET ASSETS 19,922 50,958

RESERVES
Income and expenditure account 19,922 50,958
19,922 50,958

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 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.

LLANGEFNI TOWN FOOTBALL CLUB (REGISTERED NUMBER: 12433578)

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 Income and Expenditure has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 20 February 2025 and were signed on its behalf by:




Mr I G Davies - Director



Mr G Cohen - Director


LLANGEFNI TOWN FOOTBALL CLUB (REGISTERED NUMBER: 12433578)

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


1. STATUTORY INFORMATION

Llangefni Town Football Club is a private company, limited by guarantee , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 12433578

Registered office: Cae Bob Parry
Llangefni Town Fc
Talwrn Road
Llangefni
Anglesey
LL77 7RP

The presentation currency of the financial statements is the Pound Sterling (£).


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 in the seniors section represents matchday income, sponsorship, fundraising, canteen income and venue hire.

Turnover in the juniors section represents membership fees and fundraising.

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 etc - 25% on cost and 20% 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 and Expenditure, 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.


LLANGEFNI TOWN FOOTBALL CLUB (REGISTERED NUMBER: 12433578)

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


2. ACCOUNTING POLICIES - continued
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.

3. EMPLOYEES AND DIRECTORS

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

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 June 2023 39,872
Additions 354
Disposals (11,305 )
At 31 May 2024 28,921
DEPRECIATION
At 1 June 2023 16,771
Charge for year 3,195
Eliminated on disposal (3,742 )
At 31 May 2024 16,224
NET BOOK VALUE
At 31 May 2024 12,697
At 31 May 2023 23,101

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 2,243 100

LLANGEFNI TOWN FOOTBALL CLUB (REGISTERED NUMBER: 12433578)

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


6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Taxation and social security - 2,587
Other creditors 2,492 2,076
2,492 4,663

7. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2024 2023
£    £   
Within one year 1,002 1,002
Between one and five years 4,008 4,008
In more than five years 17,034 18,036
22,044 23,046