| REGISTERED NUMBER: |
| Sleaford and District Indoor Bowling |
| Club Limited |
| Unaudited Financial Statements for the Year Ended 31 December 2024 |
| REGISTERED NUMBER: |
| Sleaford and District Indoor Bowling |
| Club Limited |
| Unaudited Financial Statements for the Year Ended 31 December 2024 |
| Sleaford and District Indoor Bowling |
| Club Limited (Registered number: 02295965) |
| Contents of the Financial Statements |
| for the Year Ended 31 December 2024 |
| Page |
| Company Information | 1 |
| Balance Sheet | 2 | to | 3 |
| Notes to the Financial Statements | 4 | to | 5 |
| Sleaford and District Indoor Bowling |
| Club Limited |
| Company Information |
| for the Year Ended 31 December 2024 |
| Directors: |
| Secretary: |
| Registered office: |
| Registered number: |
| Accountants: |
| Stanton House |
| 31 Westgate |
| Grantham |
| Lincolnshire |
| NG31 6LX |
| Sleaford and District Indoor Bowling |
| Club Limited (Registered number: 02295965) |
| Balance Sheet |
| 31 December 2024 |
| 2024 | 2023 |
| Notes | £ | £ | £ | £ |
| Fixed assets |
| Tangible assets | 4 |
| Current assets |
| Stocks |
| Debtors | 5 |
| Cash at bank and in hand |
| Creditors |
| Amounts falling due within one year | 6 |
| Net current assets |
| Total assets less current liabilities |
| Reserves |
| Income and expenditure account |
| Sleaford and District Indoor Bowling |
| Club Limited (Registered number: 02295965) |
| Balance Sheet - continued |
| 31 December 2024 |
| The directors acknowledge their 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 surplus or deficit 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. |
| The financial statements were approved by the Board of Directors and authorised for issue on |
| Sleaford and District Indoor Bowling |
| Club Limited (Registered number: 02295965) |
| Notes to the Financial Statements |
| for the Year Ended 31 December 2024 |
| 1. | Statutory information |
| Sleaford and District Indoor Bowling Club Limited is a |
| 2. | Accounting policies |
| Basis of preparing the financial statements |
| Changes in accounting policies |
| The Directors have decided that it would be appropriate to discontinue the depreciation on the freehold property because the value of that property is certainly no lower than that shown in the balance sheet. This will reduce the expenses of the company by about £6,870 per annum. |
| The Directors will continue to review the value of the property each year. |
| Turnover |
| Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. |
| Tangible fixed assets |
| Freehold property | - |
| Long leasehold | - |
| Fixtures and fittings | - |
| Computer equipment | - |
| Stocks |
| Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items. |
| Taxation |
| A Community Amateur Sports Club, which is registered with HMRC, incurs no liability to tax on income, gains and profit from its principal activity. It is also eligible for gift aid repayments and business rates relief. |
| 3. | Employees and directors |
| The average number of employees during the year was |
| Sleaford and District Indoor Bowling |
| Club Limited (Registered number: 02295965) |
| Notes to the Financial Statements - continued |
| for the Year Ended 31 December 2024 |
| 4. | Tangible fixed assets |
| Fixtures |
| Freehold | Long | and | Computer |
| property | leasehold | fittings | equipment | Totals |
| £ | £ | £ | £ | £ |
| Cost |
| At 1 January 2024 |
| and 31 December 2024 |
| Depreciation |
| At 1 January 2024 |
| Charge for year |
| At 31 December 2024 |
| Net book value |
| At 31 December 2024 |
| At 31 December 2023 |
| 5. | Debtors: amounts falling due within one year |
| 2024 | 2023 |
| £ | £ |
| VAT |
| Prepayments |
| 6. | Creditors: amounts falling due within one year |
| 2024 | 2023 |
| £ | £ |
| Social security and other taxes | ( |
) | ( |
) |
| VAT | 212 | - |
| Other creditors |
| Accrued expenses |