Acorah Software Products - Accounts Production 16.1.300 false true 31 May 2023 1 June 2022 false 1 June 2023 31 May 2024 31 May 2024 05141031 Mr S G Moore Mr T G Reeve Mr S R Smith Mrs J R G Whyte Mr C Fuller Mr R Daniels Mr A P Sprake Mrs Joanna McIntyre Mrs Louisa Griffiths Mr Paul Cunningham iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 05141031 2023-05-31 05141031 2024-05-31 05141031 2023-06-01 2024-05-31 05141031 frs-core:CurrentFinancialInstruments 2024-05-31 05141031 frs-core:ComputerEquipment 2024-05-31 05141031 frs-core:ComputerEquipment 2023-06-01 2024-05-31 05141031 frs-core:ComputerEquipment 2023-05-31 05141031 frs-core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2024-05-31 05141031 frs-core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2023-05-31 05141031 frs-core:FurnitureFittings 2024-05-31 05141031 frs-core:FurnitureFittings 2023-06-01 2024-05-31 05141031 frs-core:FurnitureFittings 2023-05-31 05141031 frs-core:PlantMachinery 2024-05-31 05141031 frs-core:PlantMachinery 2023-06-01 2024-05-31 05141031 frs-core:PlantMachinery 2023-05-31 05141031 frs-core:RetainedEarningsAccumulatedLosses 2024-05-31 05141031 frs-bus:CompanyLimitedByGuarantee 2023-06-01 2024-05-31 05141031 frs-bus:FilletedAccounts 2023-06-01 2024-05-31 05141031 frs-bus:SmallEntities 2023-06-01 2024-05-31 05141031 frs-bus:AuditExempt-NoAccountantsReport 2023-06-01 2024-05-31 05141031 frs-bus:SmallCompaniesRegimeForAccounts 2023-06-01 2024-05-31 05141031 frs-bus:Director1 2023-06-01 2024-05-31 05141031 frs-bus:Director2 2023-06-01 2024-05-31 05141031 frs-bus:Director3 2023-06-01 2024-05-31 05141031 frs-bus:Director4 2023-06-01 2024-05-31 05141031 frs-bus:Director5 2023-06-01 2024-05-31 05141031 frs-bus:Director6 2023-06-01 2024-05-31 05141031 frs-bus:Director7 2023-06-01 2024-05-31 05141031 frs-bus:Director8 2023-06-01 2024-05-31 05141031 frs-bus:Director9 2023-06-01 2024-05-31 05141031 frs-bus:CompanySecretary1 2023-06-01 2024-05-31 05141031 frs-core:CurrentFinancialInstruments 1 2024-05-31 05141031 frs-countries:EnglandWales 2023-06-01 2024-05-31 05141031 2022-05-31 05141031 2023-05-31 05141031 2022-06-01 2023-05-31 05141031 frs-core:CurrentFinancialInstruments 2023-05-31 05141031 frs-core:RetainedEarningsAccumulatedLosses 2023-05-31 05141031 frs-core:CurrentFinancialInstruments 1 2023-05-31
Registered number: 05141031
The Bungay & District Sports Association Limited
Unaudited Financial Statements
For The Year Ended 31 May 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 05141031
2024 2023
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 1,520 1,520
Tangible Assets 5 32,834 35,693
34,354 37,213
CURRENT ASSETS
Stocks 6 5,150 4,083
Debtors 7 121,053 119,961
Cash at bank and in hand 64,971 50,299
191,174 174,343
Creditors: Amounts Falling Due Within One Year 8 (23,507 ) (24,526 )
NET CURRENT ASSETS (LIABILITIES) 167,667 149,817
TOTAL ASSETS LESS CURRENT LIABILITIES 202,021 187,030
NET ASSETS 202,021 187,030
Income and Expenditure Account 202,021 187,030
MEMBERS' FUNDS 202,021 187,030
Page 1
Page 2
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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Income and Expenditure Account.
On behalf of the board
Mr S R Smith
Director
14/02/2025
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
The Bungay & District Sports Association Limited is a private company, limited by guarantee, incorporated in England & Wales, registered number 05141031 . The registered office is 11 Trinity Street, Bungay, Suffolk, NR35 1EH.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. 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 is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Research and Development
In the research phase of an internal project it is not possible to demonstrate that the project will generate future economic benefits and hence all expenditure on research is recognised as an expense when it is incurred. Intangible assets are recognised from the development phase of a project if and only if certain specific criteria are met in order to demonstrate the asset will generate probable future economic benefits and that its cost can be reliably measured. The capitalised development costs are subsequently amortised to ... on a straight line basis over their expected useful economic lives, which range from ... to ... years.
If it is not possible to distinguish between the research phase and the development phase of an internal project the expenditure is treated as if it were all incurred in the research phase only.
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Page 4
2.4. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Plant & Machinery 25% Reducing Balance
Fixtures & Fittings 25% Reducing Balance
Computer Equipment 25% Reducing Balance
2.5. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2023: 2)
2 2
4. Intangible Assets
Development Costs
£
Cost
As at 1 June 2023 1,520
As at 31 May 2024 1,520
Net Book Value
As at 31 May 2024 1,520
As at 1 June 2023 1,520
5. Tangible Assets
Plant & Machinery Fixtures & Fittings Computer Equipment Total
£ £ £ £
Cost
As at 1 June 2023 98,840 5,354 533 104,727
Additions 7,751 - 313 8,064
As at 31 May 2024 106,591 5,354 846 112,791
...CONTINUED
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Page 5
Depreciation
As at 1 June 2023 63,223 5,286 525 69,034
Provided during the period 10,839 17 67 10,923
As at 31 May 2024 74,062 5,303 592 79,957
Net Book Value
As at 31 May 2024 32,529 51 254 32,834
As at 1 June 2023 35,617 68 8 35,693
6. Stocks
2024 2023
£ £
Stock 5,150 4,083
7. Debtors
2024 2023
£ £
Due within one year
Trade debtors 715 -
Other debtors 10,843 14,078
BDSA Land Ltd - Loan account 109,495 100,376
VAT - 5,507
121,053 119,961
8. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Other loans 10,420 22,149
VAT 3,061 -
Other creditors 422 777
Accruals and deferred income 9,604 1,600
23,507 24,526
9. 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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