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Registration number: 06714071

English Indoor Bowling Association Limited

(A company limited by guarantee)

Unaudited Filleted Financial Statements

for the Year Ended 30 November 2024

 

English Indoor Bowling Association Limited

Contents

Statement of Financial Position

1

Notes to the Unaudited Financial Statements

2 to 8

 

English Indoor Bowling Association Limited

(Registration number: 06714071)
Statement of Financial Position as at 30 November 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

2,203

2,524

Investments

5

5,031

5,031

Other financial assets

6

31,921

31,068

 

39,155

38,623

Current assets

 

Stocks

1,341

2,637

Debtors

7

17,374

74,461

Cash at bank and in hand

 

61,443

118,898

 

80,158

195,996

Creditors: Amounts falling due within one year

8

(178,562)

(217,568)

Net current liabilities

 

(98,404)

(21,572)

Net (liabilities)/assets

 

(59,249)

17,051

Reserves

 

Profit and loss account

(59,249)

17,051

(Deficit)/surplus

 

(59,249)

17,051

For the financial year ending 30 November 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 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 Statement of Comprehensive Income.

Approved and authorised by the Board on 22 April 2025 and signed on its behalf by:
 


Mr J M Pounds
Director

 

English Indoor Bowling Association Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2024

1

General information

The company is a company limited by guarantee, incorporated in England and Wales, and consequently does not have share capital. Each of the members is liable to contribute an amount not exceeding £Nil towards the assets of the company in the event of liquidation.

The address of its registered office is:
David Cornwell House Bowling Green
Leicester Road
Melton Mowbray
Leicestershire
LE13 0FA

Principal activity

The principal activity of the company is providing services as the National Governing Body for Indoor Level Green Bowls in England.

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 entity.

 

English Indoor Bowling Association Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2024 (continued)

2

Accounting policies (continued)

Judgements and key sources of estimation uncertainty

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

Accounting estimates and assumptions are made concerning the future and, by their nature, will rarely equal the related actual outcome.

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 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;
and specific criteria have been met for each of the company's activities.

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

Office equipment

25% reducing balance

Computer equipment

3 years straight line

Chain of office

10% straight line

Impairment

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.

Business combinations

Business combinations are accounted for using the purchase method. The consideration for each acquisition is measured at the aggregate of the fair values at acquisition date of assets given, liabilities incurred or assumed, and equity instruments issued by the group in exchange for control of the acquired, plus any costs directly attributable to the business combination. When a business combination agreement provides for an adjustment to the cost of the combination contingent on future events, the group includes the estimated amount of that adjustment in the cost of the combination at the acquisition date if the adjustment is probable and can be measured reliably.

 

English Indoor Bowling Association Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2024 (continued)

2

Accounting policies (continued)

Investments

Investments in equity shares which are publicly traded or where the fair value can be measured reliably are initially measured at fair value, with changes in fair value recognised in profit or loss. Investments in equity shares which are not publicly traded and where fair value cannot be measured reliably are measured at cost less impairment.


Interest income on debt securities, where applicable, is recognised in income using the effective interest method. Dividends on equity securities are recognised in income when receivable.

Cash and cash equivalents

Cash and cash equivalents comprise cash at bank and in hand, demand deposits with banks, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value. In the statement of financial position, bank overdrafts are shown within borrowing or current liabilities

Stocks

Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Costs include all costs of purchase, costs of conversion and other costs incurred in bringing the stocks to their present location and condition. .

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Leases

Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.

Financial instruments

Recognition and measurement
A financial asset or a financial liability is recognised only when the company becomes party to the contractual provisions of the instrument.

Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 6 (2023 - 5).

 

English Indoor Bowling Association Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2024 (continued)

4

Tangible assets

Fixtures and fittings
£

Plant and machinery
£

Office equipment
£

Total
£

Cost or valuation

At 1 December 2023

21,356

12,748

10,328

44,432

Additions

-

-

983

983

At 30 November 2024

21,356

12,748

11,311

45,415

Depreciation

At 1 December 2023

19,270

12,748

9,891

41,909

Charge for the year

538

-

765

1,303

At 30 November 2024

19,808

12,748

10,656

43,212

Carrying amount

At 30 November 2024

1,548

-

655

2,203

At 30 November 2023

2,087

-

437

2,524

 

English Indoor Bowling Association Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2024 (continued)

5

Investments

2024
£

2023
£

Investments in subsidiaries

5,031

5,031

Subsidiaries

£

Cost or valuation

At 1 December 2023

5,031

Provision

Carrying amount

At 30 November 2024

5,031

At 30 November 2023

5,031

Details of undertakings

Details of the investments (including principal place of business of unincorporated entities) in which the company holds 20% or more of the nominal value of any class of share capital are as follows:

Undertaking

Registered office

Holding

Proportion of voting rights and shares held

     

2024

2023

Subsidiary undertakings

Premier Threes Bowls Tour Ltd

David Cornwell House, Bowling Green, Melton Mowbray, Leicestershire, England, LE13 0FA

Ordinary shares

61%

61%

Coach Bowls Ltd

The Pavilion, Victoria Park, Leamington Spa, England, CV31 3PT

Ordinary shares

50%

50%

The historic cost of the listed securities held at the year end is £35,071 (2021: £31,201).

 

English Indoor Bowling Association Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2024 (continued)

6

Other financial assets (current and non-current)

Listed securities
£

Total
£

Non-current financial assets

Cost or valuation

At 1 December 2023

31,068

31,068

Fair value adjustments

2,979

2,979

Additions

632

632

Disposals

(2,758)

(2,758)

At 30 November 2024

31,921

31,921

Impairment

Carrying amount

At 30 November 2024

31,921

31,921

7

Debtors

2024
£

2023
£

Trade debtors

5,932

11,962

Other debtors

-

3,927

Prepayments

11,442

58,572

17,374

74,461

 

English Indoor Bowling Association Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2024 (continued)

8

Creditors

Creditors: amounts falling due within one year

2024
£

2023
£

Due within one year

Trade creditors

1,665

47,059

Taxation and social security

5,827

5,167

Accruals and deferred income

165,960

164,095

Other creditors

5,110

1,247

178,562

217,568

9

Reserves

Profit and loss account:

This reserve records retained earnings and accumulated losses.

10

Obligations under leases and hire purchase contracts

Operating leases

The total of future minimum lease payments is as follows:

2024
£

2023
£

Not later than one year

18,950

18,950

Later than one year and not later than five years

18,950

37,900

37,900

56,850

The amount of non-cancellable operating lease payments recognised as an expense during the year was £Nil (2023 - £Nil).