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Registered number: 09435408
Penallta Rfc Limited
Unaudited Financial Statements
For The Year Ended 31 May 2024
Llama Accounting Ltd
Contents
Page
Balance Sheet 1
Notes to the Financial Statements 2—3
Page 1
Balance Sheet
Registered number: 09435408
2024 2023
Notes £ £ £ £
CURRENT ASSETS
Stocks 4 6,447 7,044
Debtors 5 46,952 81,062
Cash at bank and in hand 29,257 17,677
82,656 105,783
Creditors: Amounts Falling Due Within One Year 6 (33,741 ) (31,775 )
NET CURRENT ASSETS (LIABILITIES) 48,915 74,008
TOTAL ASSETS LESS CURRENT LIABILITIES 48,915 74,008
NET ASSETS 48,915 74,008
Income and Expenditure Account 48,915 74,008
MEMBERS' FUNDS 48,915 74,008
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 Scott Lowe
Director
17/03/2025
The notes on pages 2 to 3 form part of these financial statements.
Page 1
Page 2
Notes to the Financial Statements
1. General Information
Penallta Rfc Limited is a private company, limited by guarantee, incorporated in England & Wales, registered number 09435408 . The registered office is Penallta Rfc Clubhouse, Graddfa House, Hengoed, Caerphilly, CF82 7EP.
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. 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: 13 (2023: 13)
13 13
4. Stocks
2024 2023
£ £
Stock 6,447 7,044
5. Debtors
2024 2023
£ £
Due within one year
Prepayments and accrued income 23,098 17,258
Other debtors 21,375 55,250
VAT 2,479 8,554
46,952 81,062
Page 2
Page 3
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 17,191 25,417
Other taxes and social security 1,188 1,090
Accruals and deferred income 15,362 5,268
33,741 31,775
7. 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 3