Company Registration No. 07481069 (England and Wales)
Budleigh Salterton Cricket Club Limited
Unaudited accounts
for the year ended 30 September 2024
Budleigh Salterton Cricket Club Limited
Unaudited accounts
Contents
Budleigh Salterton Cricket Club Limited
Company Information
for the year ended 30 September 2024
Directors
A P F Drodge
J R Murphy
W S H Roper
Company Number
07481069 (England and Wales)
Registered Office
Old School House
Church Road
Colaton Raleigh
Sidmouth
Devon
EX10 0LL
England
Accountants
Brambillow Accounting Ltd
Brookhouse
Cranoe Road
Welham
Leicestershire
LE16 7UH
Budleigh Salterton Cricket Club Limited
Statement of financial position
as at 30 September 2024
Tangible assets
1,987,230
1,789,351
Cash at bank and in hand
90,094
83,924
Creditors: amounts falling due within one year
(156,757)
(158,732)
Net current (liabilities)/assets
(48,597)
19,355
Total assets less current liabilities
1,938,633
1,808,706
Creditors: amounts falling due after more than one year
(188,954)
(191,245)
Net assets
1,749,679
1,617,461
Capital contribution reserve
125,121
125,121
Profit and loss account
1,624,558
1,492,340
Members' funds
1,749,679
1,617,461
For the year ending 30 September 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 9 June 2025 and were signed on its behalf by
A P F Drodge
Director
Company Registration No. 07481069
Budleigh Salterton Cricket Club Limited
Notes to the Accounts
for the year ended 30 September 2024
Budleigh Salterton Cricket Club Limited is a private company, limited by guarantee, registered in England and Wales, registration number 07481069. The registered office is Old School House, Church Road, Colaton Raleigh, Sidmouth, Devon, EX10 0LL, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
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 and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Land & buildings
in accordance with the property and at varying rates on cost
Plant & machinery
20% reducing balance
Computer equipment
20% straight line
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term.
Government grants in relation to tangible fixed assets are credited to profit and loss account over the useful lives of the related assets, whereas those in relation to expenditure are credited when the expenditure is charged to profit and loss.
Budleigh Salterton Cricket Club Limited
Notes to the Accounts
for the year ended 30 September 2024
4
Tangible fixed assets
Land & buildings
Plant & machinery
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At 1 October 2023
1,808,602
44,961
-
1,853,563
Additions
113,270
110,643
4,903
228,816
At 30 September 2024
1,921,872
155,604
4,903
2,082,379
At 1 October 2023
30,322
33,890
-
64,212
Charge for the year
4,341
25,615
981
30,937
At 30 September 2024
34,663
59,505
981
95,149
At 30 September 2024
1,887,209
96,099
3,922
1,987,230
At 30 September 2023
1,778,280
11,071
-
1,789,351
Amounts falling due within one year
Trade debtors
4,802
31,568
Accrued income and prepayments
3,833
1,143
6
Creditors: amounts falling due within one year
2024
2023
Trade creditors
101,307
142,981
Taxes and social security
1,605
-
Other creditors
15,205
10,000
Deferred income
2,291
2,291
7
Creditors: amounts falling due after more than one year
2024
2023
Other creditors
177,500
177,500
Deferred income
11,454
13,745
8
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.
Budleigh Salterton Cricket Club Limited
Notes to the Accounts
for the year ended 30 September 2024
9
Average number of employees
During the year the average number of employees was 18 (2023: 0).