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REGISTERED NUMBER: 02496771 (England and Wales)











UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024

FOR

HITCHIN SNOOKER CLUB LIMITED

HITCHIN SNOOKER CLUB LIMITED (REGISTERED NUMBER: 02496771)






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




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


HITCHIN SNOOKER CLUB LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTOR: M W Norgan





REGISTERED OFFICE: Croft Chambers
11 Bancroft
Hitchin
Hertfordshire
SG5 1JQ





REGISTERED NUMBER: 02496771 (England and Wales)





ACCOUNTANTS: Bradshaw Johnson
Chartered Accountants
Croft Chambers
11 Bancroft
Hitchin
Hertfordshire
SG5 1JQ

HITCHIN SNOOKER CLUB LIMITED (REGISTERED NUMBER: 02496771)

STATEMENT OF FINANCIAL POSITION
31 MARCH 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 1 1
Tangible assets 5 19,432 24,373
19,433 24,374

CURRENT ASSETS
Stocks 377,521 521,595
Debtors 6 46,492 -
Cash at bank (7,368 ) 34,540
416,645 556,135
CREDITORS
Amounts falling due within one year 7 131,761 46,163
NET CURRENT ASSETS 284,884 509,972
TOTAL ASSETS LESS CURRENT
LIABILITIES

304,317

534,346

CREDITORS
Amounts falling due after more than one year 8 (42,506 ) (64,762 )

PROVISIONS FOR LIABILITIES - (4,734 )
NET ASSETS 261,811 464,850

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 261,711 464,750
SHAREHOLDERS' FUNDS 261,811 464,850

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 profit or loss 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.

HITCHIN SNOOKER CLUB LIMITED (REGISTERED NUMBER: 02496771)

STATEMENT OF FINANCIAL POSITION - continued
31 MARCH 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 Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 14 March 2025 and were signed by:





M W Norgan - Director


HITCHIN SNOOKER CLUB LIMITED (REGISTERED NUMBER: 02496771)

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

1. STATUTORY INFORMATION

Hitchin Snooker Club Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 1990, is being amortised evenly over its estimated useful life of ten years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Leasehold property - over length of lease
Improvements to property - over length of lease
Plant and machinery - 15% on cost
Fixtures and fittings - 10% on reducing balance
Computer equipment - 33% on cost

Stocks
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 items.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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 statement of financial position date.


HITCHIN SNOOKER CLUB LIMITED (REGISTERED NUMBER: 02496771)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 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 statement of financial position 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 25 (2023 - 25 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2023
and 31 March 2024 1
NET BOOK VALUE
At 31 March 2024 1
At 31 March 2023 1

5. TANGIBLE FIXED ASSETS
Improvements
Leasehold to Plant and
property property machinery
£    £    £   
COST
At 1 April 2023
and 31 March 2024 53,581 13,397 13,589
DEPRECIATION
At 1 April 2023 53,581 13,397 4,926
Charge for year - - 1,299
At 31 March 2024 53,581 13,397 6,225
NET BOOK VALUE
At 31 March 2024 - - 7,364
At 31 March 2023 - - 8,663

HITCHIN SNOOKER CLUB LIMITED (REGISTERED NUMBER: 02496771)

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

5. TANGIBLE FIXED ASSETS - continued

Fixtures
and Motor Computer
fittings vehicles equipment Totals
£    £    £    £   
COST
At 1 April 2023
and 31 March 2024 80,328 5,000 31,655 197,550
DEPRECIATION
At 1 April 2023 70,632 1,930 28,711 173,177
Charge for year 970 461 2,211 4,941
At 31 March 2024 71,602 2,391 30,922 178,118
NET BOOK VALUE
At 31 March 2024 8,726 2,609 733 19,432
At 31 March 2023 9,696 3,070 2,944 24,373

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Deferred tax asset 46,492 -

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Bank loans and overdrafts 45,421 21,000
Trade creditors 15,828 1,462
Corporation tax - 632
Social security and other taxes 11,593 4,008
Pension liability 1,284 1,011
VAT 24,123 7,005
Director's current account 102 136
Accruals and deferred income 750 -
Accrued expenses 32,660 10,909
131,761 46,163

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.24 31.3.23
£    £   
Bank loans - 1-2 years 21,000 21,000
Bank loans - 2-5 years 21,506 43,762
42,506 64,762

HITCHIN SNOOKER CLUB LIMITED (REGISTERED NUMBER: 02496771)

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

9. RELATED PARTY DISCLOSURES

The company is under the control of Mr M W Norgan.