Company registration number 07366193 (England and Wales)
MICKLEOVER SPORTS FOOTBALL CLUB LTD
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024
PAGES FOR FILING WITH REGISTRAR
MICKLEOVER SPORTS FOOTBALL CLUB LTD
CONTENTS
Page
Balance sheet
1 - 2
Notes to the financial statements
3 - 5
MICKLEOVER SPORTS FOOTBALL CLUB LTD
BALANCE SHEET
AS AT
30 JUNE 2024
30 June 2024
- 1 -
2024
2023
Notes
£
£
£
£
Fixed assets
Tangible assets
3
516,125
556,681
Current assets
Debtors
4
885
7,308
Cash at bank and in hand
5,646
8,128
6,531
15,436
Creditors: amounts falling due within one year
5
(137,020)
(119,316)
Net current liabilities
(130,489)
(103,880)
Total assets less current liabilities
385,636
452,801
Creditors: amounts falling due after more than one year
6
(370,762)
(438,852)
Net assets
14,874
13,949
Capital and reserves
Called up share capital
49,302
44,602
Revaluation reserve
7
24,999
24,999
Profit and loss reserves
(59,427)
(55,652)
Total equity
14,874
13,949
MICKLEOVER SPORTS FOOTBALL CLUB LTD
BALANCE SHEET (CONTINUED)
AS AT
30 JUNE 2024
30 June 2024
- 2 -

For the financial year ended 30 June 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 of its financial statements for the year in question in accordance with section 476.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

The financial statements were approved by the board of directors and authorised for issue on 14 March 2025 and are signed on its behalf by:
N Hadfield
Director
Company registration number 07366193 (England and Wales)
MICKLEOVER SPORTS FOOTBALL CLUB LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024
- 3 -
1
Accounting policies
Company information

Mickleover Sports Football Club Ltd is a private company limited by shares incorporated in England and Wales. The registered office is Prospect House, 1 Prospect Place, Pride Park, Derby, DE24 8HG. The company registration number is 07366193.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2
Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes.

 

Turnover is recognised when good and services are received.

1.3
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Land and buildings Freehold
10% straight line
Plant and machinery
25% reducing balance

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

1.4
Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

1.5
Financial instruments
Basic financial assets

Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account.

Basic financial liabilities

Loans and borrowings are initially recognised at the transaction price including transaction costs.

1.6
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

MICKLEOVER SPORTS FOOTBALL CLUB LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2024
1
Accounting policies
(Continued)
- 4 -
Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

1.7
Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2024
2023
Number
Number
Total
31
26
3
Tangible fixed assets
Land and buildings
Plant and machinery etc
Total
£
£
£
Cost
At 1 July 2023 and 30 June 2024
638,694
182,418
821,112
Depreciation and impairment
At 1 July 2023
181,557
82,874
264,431
Depreciation charged in the year
15,672
24,884
40,556
At 30 June 2024
197,229
107,758
304,987
Carrying amount
At 30 June 2024
441,465
74,660
516,125
At 30 June 2023
457,137
99,544
556,681
4
Debtors
2024
2023
Amounts falling due within one year:
£
£
Other debtors
885
7,308
MICKLEOVER SPORTS FOOTBALL CLUB LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2024
- 5 -
5
Creditors: amounts falling due within one year
2024
2023
£
£
Bank loans
8,118
10,000
Corporation tax
2,052
-
0
Other taxation and social security
773
1,634
Other creditors
126,077
107,682
137,020
119,316
6
Creditors: amounts falling due after more than one year
2024
2023
£
£
Bank loans and overdrafts
370,762
438,852
7
Revaluation reserve
2024
2023
£
£
At the beginning and end of the year
24,999
24,999
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