Acorah Software Products - Accounts Production 16.1.200 false true 31 May 2023 1 June 2022 false 1 June 2023 31 May 2024 31 May 2024 08026203 Mr Michael Phillips Mr Maldwyn Gibbs William James Mr John Jones Mr Maldwyn Gibbs iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 08026203 2023-05-31 08026203 2024-05-31 08026203 2023-06-01 2024-05-31 08026203 frs-core:CurrentFinancialInstruments 2024-05-31 08026203 frs-core:ComputerEquipment 2024-05-31 08026203 frs-core:ComputerEquipment 2023-06-01 2024-05-31 08026203 frs-core:ComputerEquipment 2023-05-31 08026203 frs-core:FurnitureFittings 2024-05-31 08026203 frs-core:FurnitureFittings 2023-06-01 2024-05-31 08026203 frs-core:FurnitureFittings 2023-05-31 08026203 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2024-05-31 08026203 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-06-01 2024-05-31 08026203 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-05-31 08026203 frs-core:PlantMachinery 2024-05-31 08026203 frs-core:PlantMachinery 2023-06-01 2024-05-31 08026203 frs-core:PlantMachinery 2023-05-31 08026203 frs-core:CapitalRedemptionReserve 2024-05-31 08026203 frs-core:RetainedEarningsAccumulatedLosses 2024-05-31 08026203 frs-bus:CompanyLimitedByGuarantee 2023-06-01 2024-05-31 08026203 frs-bus:FilletedAccounts 2023-06-01 2024-05-31 08026203 frs-bus:SmallEntities 2023-06-01 2024-05-31 08026203 frs-bus:AuditExempt-NoAccountantsReport 2023-06-01 2024-05-31 08026203 frs-bus:SmallCompaniesRegimeForAccounts 2023-06-01 2024-05-31 08026203 frs-core:CostValuation 2023-05-31 08026203 frs-core:CostValuation 2024-05-31 08026203 frs-core:ProvisionsForImpairmentInvestments 2023-05-31 08026203 frs-core:ProvisionsForImpairmentInvestments 2024-05-31 08026203 frs-core:UnlistedNon-exchangeTraded 2024-05-31 08026203 frs-core:UnlistedNon-exchangeTraded 2023-05-31 08026203 frs-core:CostValuation frs-core:UnlistedNon-exchangeTraded 2023-05-31 08026203 frs-core:CostValuation frs-core:UnlistedNon-exchangeTraded 2024-05-31 08026203 frs-core:ProvisionsForImpairmentInvestments frs-core:UnlistedNon-exchangeTraded 2023-05-31 08026203 frs-core:ProvisionsForImpairmentInvestments frs-core:UnlistedNon-exchangeTraded 2024-05-31 08026203 frs-bus:Director1 2023-06-01 2024-05-31 08026203 frs-bus:Director2 2023-06-01 2024-05-31 08026203 frs-bus:Director3 2023-06-01 2024-05-31 08026203 frs-bus:Director4 2023-06-01 2024-05-31 08026203 frs-bus:CompanySecretary1 2023-06-01 2024-05-31 08026203 frs-countries:EnglandWales 2023-06-01 2024-05-31 08026203 2022-05-31 08026203 2023-05-31 08026203 2022-06-01 2023-05-31 08026203 frs-core:CurrentFinancialInstruments 2023-05-31 08026203 frs-core:CapitalRedemptionReserve 2023-05-31 08026203 frs-core:RetainedEarningsAccumulatedLosses 2023-05-31
Registered number: 08026203
Llangennech RFC Limited
Unaudited Financial Statements
For The Year Ended 31 May 2024
Atkins Accountants Ltd
A V C House Northampton Lane
Swansea
SA1 4EH
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 08026203
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 242,958 238,749
Investments 5 1,500 1,500
244,458 240,249
CURRENT ASSETS
Stocks 6 5,356 5,287
Debtors 7 147 -
Cash at bank and in hand 94,361 102,326
99,864 107,613
Creditors: Amounts Falling Due Within One Year 8 (43,526 ) (23,631 )
NET CURRENT ASSETS (LIABILITIES) 56,338 83,982
TOTAL ASSETS LESS CURRENT LIABILITIES 300,796 324,231
NET ASSETS 300,796 324,231
RESERVES
Capital redemption reserve 280,246 280,246
Income and Expenditure Account 20,550 43,985
MEMBERS' FUNDS 300,796 324,231
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 Maldwyn Gibbs
Director
09/10/2024
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Llangennech RFC Limited is a private company, limited by guarantee, incorporated in England & Wales, registered number 08026203 . The registered office is 12 Bank Road, Llangennech, Camarthenshire , SA14 8UB.
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. 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:
Freehold 0%
Plant & Machinery 15% Straight Line
Fixtures & Fittings 15% Reducing Balance
Computer Equipment 20% Reducing Balance
2.4. 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: 9 (2023: )
9 -
4. Tangible Assets
Land & Property
Freehold Plant & Machinery Fixtures & Fittings Computer Equipment Total
£ £ £ £ £
Cost
As at 1 June 2023 176,524 35,847 56,628 689 269,688
Additions - - 12,832 - 12,832
As at 31 May 2024 176,524 35,847 69,460 689 282,520
...CONTINUED
Page 3
Page 4
Depreciation
As at 1 June 2023 - 18,411 12,236 292 30,939
Provided during the period - 1,942 6,602 79 8,623
As at 31 May 2024 - 20,353 18,838 371 39,562
Net Book Value
As at 31 May 2024 176,524 15,494 50,622 318 242,958
As at 1 June 2023 176,524 17,436 44,392 397 238,749
5. Investments
Unlisted Other Total
£ £ £
Cost
As at 1 June 2023 1,000 500 1,500
As at 31 May 2024 1,000 500 1,500
Provision
As at 1 June 2023 - - -
As at 31 May 2024 - - -
Net Book Value
As at 31 May 2024 1,000 500 1,500
As at 1 June 2023 1,000 500 1,500
6. Stocks
2024 2023
£ £
Stock 5,356 5,287
7. Debtors
2024 2023
£ £
Due after more than one year
Other debtors 147 -
8. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 19,282 3,049
Other creditors 22,287 15,457
Taxation and social security 1,957 5,125
43,526 23,631
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.
Page 4