Registered number
07610809
Tooting & Mitcham Community Sports Club Ltd
Filleted Accounts
30 June 2024
Tooting & Mitcham Community Sports Club Ltd
Registered number: 07610809
Balance Sheet
as at 30 June 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 4,211 5,352
Current assets
Debtors 4 10,724 21,948
Cash at bank and in hand 3,772 25,757
14,496 47,705
Creditors: amounts falling due within one year 5 (59,538) (54,975)
Net current liabilities (45,042) (7,270)
Total assets less current liabilities (40,831) (1,918)
Creditors: amounts falling due after more than one year 6 (12,410) (22,360)
Net liabilities (53,241) (24,278)
Capital and reserves
Profit and loss account (53,241) (24,278)
Reserves (53,241) (24,278)
The company is a private company limited by guarantee and registered in England and Wales.
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
J Watkins
Director
Approved by the board on 19 March 2025
Tooting & Mitcham Community Sports Club Ltd
Statement of Changes in Equity
for the year ended 30 June 2024
Re- Profit Total
valuation and loss
reserve account
£ £ £
At 1 July 2022 - 8,899 8,899
Loss for the financial year (33,177) (33,177)
At 30 June 2023 - (24,278) (24,278)
At 1 July 2023 - (24,278) (24,278)
Loss for the financial year (28,963) (28,963)
At 30 June 2024 - (53,241) (53,241)
Tooting & Mitcham Community Sports Club Ltd
Notes to the Accounts
for the year ended 30 June 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes donations and revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery 25% reducing balance
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for any tax payable on the non-club member taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 15 15
3 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 July 2023 12,018
Additions 262
At 30 June 2024 12,280
Depreciation
At 1 July 2023 6,666
Charge for the year 1,403
At 30 June 2024 8,069
Net book value
At 30 June 2024 4,211
At 30 June 2023 5,352
4 Debtors 2024 2023
£ £
Trade debtors 10,724 21,948
5 Creditors: amounts falling due within one year 2024 2023
£ £
Bank loans and overdrafts 10,000 10,000
Trade creditors 38,427 26,043
Taxation and social security costs 2,508 14,886
Other creditors 8,603 4,046
59,538 54,975
6 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 12,410 22,360
7 Other information
Tooting & Mitcham Community Sports Club Ltd is a private company limited by guarantee and incorporated in England. Its registered office is:
Imperial Fields
Bishopsford Road
Morden
Surrey
SM4 6BF
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