Louth and District Indoor Bowling Club Limited 02333942 false 2024-01-01 2024-12-31 2024-12-31 The principal activity of the company is continued to be that of accommodation and facilities for indoor bowling Digita Accounts Production Advanced 6.30.9574.0 true 02333942 2024-01-01 2024-12-31 02333942 2024-12-31 02333942 bus:OrdinaryShareClass1 2024-12-31 02333942 core:RetainedEarningsAccumulatedLosses 2024-12-31 02333942 core:ShareCapital 2024-12-31 02333942 core:CurrentFinancialInstruments 2024-12-31 02333942 core:CurrentFinancialInstruments core:WithinOneYear 2024-12-31 02333942 core:FurnitureFittingsToolsEquipment 2024-12-31 02333942 core:LandBuildings 2024-12-31 02333942 bus:SmallEntities 2024-01-01 2024-12-31 02333942 bus:AuditExemptWithAccountantsReport 2024-01-01 2024-12-31 02333942 bus:FilletedAccounts 2024-01-01 2024-12-31 02333942 bus:SmallCompaniesRegimeForAccounts 2024-01-01 2024-12-31 02333942 bus:RegisteredOffice 2024-01-01 2024-12-31 02333942 bus:Director14 2024-01-01 2024-12-31 02333942 bus:Director20 2024-01-01 2024-12-31 02333942 bus:Director21 2024-01-01 2024-12-31 02333942 bus:Director24 2024-01-01 2024-12-31 02333942 bus:Director4 2024-01-01 2024-12-31 02333942 bus:Director9 2024-01-01 2024-12-31 02333942 bus:OrdinaryShareClass1 2024-01-01 2024-12-31 02333942 bus:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 02333942 core:FurnitureFittings 2024-01-01 2024-12-31 02333942 core:FurnitureFittingsToolsEquipment 2024-01-01 2024-12-31 02333942 core:LandBuildings 2024-01-01 2024-12-31 02333942 countries:EnglandWales 2024-01-01 2024-12-31 02333942 2023-12-31 02333942 core:FurnitureFittingsToolsEquipment 2023-12-31 02333942 core:LandBuildings 2023-12-31 02333942 2023-01-01 2023-12-31 02333942 2023-12-31 02333942 bus:OrdinaryShareClass1 2023-12-31 02333942 core:RetainedEarningsAccumulatedLosses 2023-12-31 02333942 core:ShareCapital 2023-12-31 02333942 core:CurrentFinancialInstruments 2023-12-31 02333942 core:CurrentFinancialInstruments core:WithinOneYear 2023-12-31 02333942 core:FurnitureFittingsToolsEquipment 2023-12-31 02333942 core:LandBuildings 2023-12-31 iso4217:GBP xbrli:pure xbrli:shares

Registration number: 02333942

Louth and District Indoor Bowling Club Limited

Unaudited Filleted Financial Statements

for the Year Ended 31 December 2024

 

Louth and District Indoor Bowling Club Limited

Contents

Company Information

1

Balance Sheet

2

Notes to the Unaudited Financial Statements

3 to 5

 

Louth and District Indoor Bowling Club Limited

Company Information

Directors

G R Willoughby

A N Watson

D Blow

Mrs C Hanslip

Mrs R J Stanley

C Hanslip

Registered office

Birch Road
Louth
Lincolnshire
LN11 8DU

 

Louth and District Indoor Bowling Club Limited

(Registration number: 02333942)
Balance Sheet as at 31 December 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

137,988

143,679

Current assets

 

Stocks

5

4,133

4,608

Debtors

6

6,088

5,464

Cash at bank and in hand

 

189,394

192,926

 

199,615

202,998

Creditors: Amounts falling due within one year

7

(34,648)

(40,351)

Net current assets

 

164,967

162,647

Net assets

 

302,955

306,326

Capital and reserves

 

Called up share capital

8

3,420

3,410

Retained earnings

299,535

302,916

Shareholders' funds

 

302,955

306,326

For the financial year ending 31 December 2024 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the Company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The Directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the Directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 13 March 2025 and signed on its behalf by:
 

.........................................
D Blow
Director

 

Louth and District Indoor Bowling Club Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

1

General information

The company is a private company limited by share capital incorporated in England and Wales and the company registration number is 02333942.

The address of its registered office is:
Birch Road
Louth
Lincolnshire
LN11 8DU

These financial statements were authorised for issue by the Board on 13 March 2025.

These financial statements cover the individual entity, Louth and District Indoor Bowling Club Limited.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value. The financial statements are prepared in sterling which is the functional currency of the company and have been rounded to the nearest pound.

The financial statements have been prepared in sterling and are rounded to the nearest pound.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;

Tangible assets

Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Leasehold property

2% per annum on cost

Furnishings and equipment

20% on net book value, 20% & 10% per annum on cost

 

Louth and District Indoor Bowling Club Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the Company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3

Staff numbers

The average number of persons employed by the Company (including Directors) during the year, was 13 (2023 - 15).

4

Tangible assets

Land and buildings
£

Furniture, fittings and equipment
 £

Total
£

Cost or valuation

At 1 January 2024

316,070

162,894

478,964

Additions

-

9,156

9,156

Disposals

-

(23,957)

(23,957)

At 31 December 2024

316,070

148,093

464,163

Depreciation

At 1 January 2024

201,636

133,649

335,285

Charge for the year

6,321

8,526

14,847

Eliminated on disposal

-

(23,957)

(23,957)

At 31 December 2024

207,957

118,218

326,175

Carrying amount

At 31 December 2024

108,113

29,875

137,988

At 31 December 2023

114,434

29,245

143,679

 

Louth and District Indoor Bowling Club Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

5

Stocks

2024
£

2023
£

Finished goods and goods for resale

4,133

4,608

6

Debtors

Current

2024
£

2023
£

Prepayments

5,388

4,722

Other debtors

700

742

 

6,088

5,464

7

Creditors

Creditors: amounts falling due within one year

2024
£

2023
£

Due within one year

Trade creditors

2,047

9,218

Taxation and social security

1,985

3,066

Accruals and deferred income

30,616

28,067

34,648

40,351

8

Share capital

Allotted, called up and fully paid shares

2024

2023

No.

£

No.

£

Ordinary shares of £1 each

3,420

3,420

3,410

3,410