Acorah Software Products - Accounts Production 16.3.350 false true 31 May 2023 1 June 2022 false 1 June 2023 31 May 2024 31 May 2024 07268398 Mr A J Barlow Mr A W Turner Mrs L N Matthews Mrs L A Cartlidge Mr S D Lewis Mr T J Woolman Mrs G A Richards Mrs L A Cartlidge iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 07268398 2023-05-31 07268398 2024-05-31 07268398 2023-06-01 2024-05-31 07268398 frs-core:CurrentFinancialInstruments 2024-05-31 07268398 frs-core:Non-currentFinancialInstruments 2024-05-31 07268398 frs-core:ComputerEquipment 2023-06-01 2024-05-31 07268398 frs-core:FurnitureFittings 2023-06-01 2024-05-31 07268398 frs-core:LandBuildings 2024-05-31 07268398 frs-core:LandBuildings 2023-06-01 2024-05-31 07268398 frs-core:LandBuildings 2023-05-31 07268398 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-06-01 2024-05-31 07268398 frs-core:PlantMachinery 2024-05-31 07268398 frs-core:PlantMachinery 2023-06-01 2024-05-31 07268398 frs-core:PlantMachinery 2023-05-31 07268398 frs-core:RetainedEarningsAccumulatedLosses 2024-05-31 07268398 frs-bus:CompanyLimitedByGuarantee 2023-06-01 2024-05-31 07268398 frs-bus:FilletedAccounts 2023-06-01 2024-05-31 07268398 frs-bus:SmallEntities 2023-06-01 2024-05-31 07268398 frs-bus:AuditExempt-NoAccountantsReport 2023-06-01 2024-05-31 07268398 frs-bus:SmallCompaniesRegimeForAccounts 2023-06-01 2024-05-31 07268398 frs-core:CostValuation 2023-05-31 07268398 frs-core:RevaluationsIncreaseDecreaseInInvestments 2024-05-31 07268398 frs-core:CostValuation 2024-05-31 07268398 frs-core:ProvisionsForImpairmentInvestments 2023-05-31 07268398 frs-core:ProvisionsForImpairmentInvestments 2024-05-31 07268398 frs-bus:Director1 2023-06-01 2024-05-31 07268398 frs-bus:Director2 2023-06-01 2024-05-31 07268398 frs-bus:Director3 2023-06-01 2024-05-31 07268398 frs-bus:Director4 2023-06-01 2024-05-31 07268398 frs-bus:Director5 2023-06-01 2024-05-31 07268398 frs-bus:Director6 2023-06-01 2024-05-31 07268398 frs-bus:Director7 2023-06-01 2024-05-31 07268398 frs-bus:CompanySecretary1 2023-06-01 2024-05-31 07268398 frs-countries:EnglandWales 2023-06-01 2024-05-31 07268398 2022-05-31 07268398 2023-05-31 07268398 2022-06-01 2023-05-31 07268398 frs-core:CurrentFinancialInstruments 2023-05-31 07268398 frs-core:Non-currentFinancialInstruments 2023-05-31 07268398 frs-core:RetainedEarningsAccumulatedLosses 2023-05-31
Registered number: 07268398
Stafford Rugby Union Football Club Limited
Unaudited Financial Statements
For The Year Ended 31 May 2024
Deans
Gibson House Hurricane Court
Hurricane Close
Stafford
ST16 1GZ
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 07268398
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 844,614 901,982
Investments 5 67,713 64,576
912,327 966,558
CURRENT ASSETS
Stocks 6 11,973 12,301
Debtors 7 43,664 91,854
Cash at bank and in hand 123,084 121,932
178,721 226,087
Creditors: Amounts Falling Due Within One Year 8 (90,898 ) (84,941 )
NET CURRENT ASSETS (LIABILITIES) 87,823 141,146
TOTAL ASSETS LESS CURRENT LIABILITIES 1,000,150 1,107,704
Creditors: Amounts Falling Due After More Than One Year 9 (611,136 ) (647,066 )
PROVISIONS FOR LIABILITIES
Deferred Taxation - (919 )
NET ASSETS 389,014 459,719
Income and Expenditure Account 389,014 459,719
MEMBERS' FUNDS 389,014 459,719
Page 1
Page 2
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 A J Barlow
Director
22 May 2025
The notes on pages 3 to 6 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Stafford Rugby Union Football Club Limited is a private company, limited by guarantee, incorporated in England & Wales, registered number 07268398 . The registered office is The County Ground, Blackberry Lane, Stafford, Staffordshire, ST16 2TT.
2. Accounting Policies
2.1. Basis of Preparation of 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.
The financial statements are presented in sterling which is the functional currency of the company and rounded to the nearest £.
The significant accounting policies applied in the preparation of these financial statements are set out below.  These policies have been consistently applied to all years presented unless otherwise stated.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of VAT and trade discounts. The policies adopted for the recognition of turnover are as follows:
Turnover from the sale of goods, match fees and facilities hire are recognised when the significant risks and rewards of ownership have been transferred to the buyer, the amount of the turnover can be measured reliably and it is probable that the economic benefits associated with the transaction will flow to the company.
Donations and sponsorship are recognised when the company has entitlement to the funds, any performance conditions have been met, it is probable that the income will be received and the amount can be measured reliably.
Subscriptions are recognised over the period to which they relate.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are stated at cost less accumulated depreciation.  Cost includes costs directly attributable to making the asset capable of operating as intended.  Depreciation is provided at the following rates in order to write off each asset over its estimated useful life.
Freehold 4% and 10% straight line
Plant & Machinery 10% and 20% straight line
Fixtures & Fittings 10% straight line
Computer Equipment 20% straight line
2.4. Stocks and Work in Progress
Stocks and work in progress are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all cost of purchase, cost of conversion and other costs incurred in bringing stock to its present location and condition. Cost is calculated using the first-in, first-out formula.  Provision is made for damaged, obsolete and slow-moving stock where appropriate.
2.5. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable surplus for the year. Taxable surplus differs from surplus as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable surplus. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable surplus will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable surplus will be available to allow all or part of the asset to be recovered.
...CONTINUED
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Page 4
2.5. Taxation - continued
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current or deferred tax for the year is recognised in surplus or deficit, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
2.6. Government Grant
Government grants are recognised in the income and expenditure account in an appropriate manner that matches them with the expenditure towards which they are intended to contribute.
Grants for immediate financial support or to cover costs already incurred are recognised immediately in the income and expenditure account. Grants towards general activities of the entity over a specific period are recognised in the income and expenditure account over that period.
Grants towards fixed assets are recognised over the expected useful lives of the related assets and are treated as deferred income and released to the income and expenditure account over the useful life of the asset concerned.
All grants in the income and expenditure account are recognised when all conditions for receipt have been complied with.
2.7. Debtors and creditors receivable / payable within one year
Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.
2.8. Investments
Investments are recognised initially at fair value which is normally the transaction price less transaction costs. Subsequently, they are measured at fair value through profit or loss if they are shares that can be publicly traded or their fair value can be measured reliably.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 28 (2023: 27)
28 27
4. Tangible Assets
Land & Buildings Plant & Machinery etc. Total
£ £ £
Cost
As at 1 June 2023 930,857 218,519 1,149,376
Additions - 5,472 5,472
As at 31 May 2024 930,857 223,991 1,154,848
Depreciation
As at 1 June 2023 144,419 102,975 247,394
Provided during the period 41,718 21,122 62,840
As at 31 May 2024 186,137 124,097 310,234
Net Book Value
As at 31 May 2024 744,720 99,894 844,614
As at 1 June 2023 786,438 115,544 901,982
Page 4
Page 5
5. Investments
Subsidiaries Other Total
£ £ £
Cost
As at 1 June 2023 1 64,575 64,576
Revaluations - 3,137 3,137
As at 31 May 2024 1 67,712 67,713
Provision
As at 1 June 2023 - - -
As at 31 May 2024 - - -
Net Book Value
As at 31 May 2024 1 67,712 67,713
As at 1 June 2023 1 64,575 64,576
6. Stocks
2024 2023
£ £
Bar stock 10,473 10,201
Kit shop stock 1,500 2,100
11,973 12,301
7. Debtors
2024 2023
£ £
Due within one year
Trade debtors 34,682 42,883
Prepayments and accrued income 8,982 37,861
Other debtors - 1,065
Corporation tax recoverable assets - 8,393
Other taxes and social security - 1,652
43,664 91,854
8. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 34,379 32,671
Other taxes and social security 1,749 -
VAT 9,588 7,473
Other creditors 2,154 4,814
Accruals and deferred income 6,135 3,090
Capital grants 36,892 36,892
Amounts owed to group undertakings 1 1
90,898 84,941
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9. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Capital grants 611,136 647,066
10. Other Commitments
Total financial commitments, guarantees and contingencies which are not included in the balance sheet amount to £5,795 (2023 £14,383).
11. 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.
12. Secured creditors
A negative pledge charge is registered in relation to the grant awarded to the company from The English Sports Council.
The English Sports Council, with full title guarantee, charges to the company the land lying north of Doxey Lane, Stafford by way of legal mortgage, with payment or discharge of the secured liabilities payable upon demand upon breach by the company of any of the terms and conditions of the awarded grant.
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