Registered number
00985528
Staines & Laleham Sports Association Limited
Filleted Accounts
30 September 2024
Staines & Laleham Sports Association Limited
Registered number: 00985528
Balance Sheet
as at 30 September 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 4 207,911 197,523
Current assets
Stocks 5,874 6,988
Debtors 5 10,162 5,583
Cash at bank and in hand 73,197 102,208
89,233 114,779
Creditors: amounts falling due within one year 6 (32,539) (33,492)
Net current assets 56,694 81,287
Total assets less current liabilities 264,605 278,810
Creditors: amounts falling due after more than one year 7 (26,144) (39,085)
Net assets 238,461 239,725
Capital and reserves
Replacement reserve 8 62,000 50,000
Profit and loss account 176,461 189,725
Shareholder's funds 238,461 239,725
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Robert Watson
Director
Approved by the board on 25 April 2025
Staines & Laleham Sports Association Limited
Notes to the Accounts
for the year ended 30 September 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
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 from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Freehold buildings not provided
Plant and machinery 10% to 20% straight line
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
2 Turnover 2024 2023
£ £
Bar income 114,510 108,327
Astro pitch 38,916 37,220
General hire 14,281 27,018
Car Park 14,520 13,380
Subscriptions from member clubs 34,537 31,155
Fundraising 10,504 9,045
Ground lettings 2,670 4,910
Function hire 4,374 8,021
234,312 239,076
3 Employees 2024 2023
Number Number
Average number of persons employed by the company 7 7
4 Tangible fixed assets
Land and buildings Plant and machinery etc Total
£ £ £
Cost
At 1 October 2023 95,341 616,515 711,856
Additions - 41,134 41,134
At 30 September 2024 95,341 657,649 752,990
Depreciation
At 1 October 2023 - 514,333 514,333
Charge for the year - 30,746 30,746
At 30 September 2024 - 545,079 545,079
Net book value
At 30 September 2024 95,341 112,570 207,911
At 30 September 2023 95,341 102,182 197,523
The land and buildings have a market value of £525,000 based on the latest valuation report
produced 1st September 2016
5 Debtors 2024 2023
£ £
Trade debtors 5,696 2,771
Other debtors 4,466 2,812
10,162 5,583
6 Creditors: amounts falling due within one year 2024 2023
£ £
Trade creditors 5,147 6,115
Taxation and social security costs 2,189 1,740
Other creditors 25,203 25,637
32,539 33,492
Included in Other creditors above:
Loans from member clubs 10,000 10,000
Surrey County Playing Fields loan 4,000 4,000
Deferred donation income funding SHC 7,201 7,201
Deferred donation income funding S&LCC 1,740 1,740
7 Creditors: amounts falling due after one year 2024 2023
£ £
Other creditors 26,144 39,085
Included in Other creditors above:
Surrey County Playing Fields loan 4,000 8,000
Deferred donation income funding SHC 11,707 18,908
Deferred donation income funding S&LCC 10,437 12,177
8 Replacement reserve 2024 2023
£ £
At 1 October 2023 50,000 25,000
Asset replacement reserve transfer 12,000 25,000
At 30 September 2024 62,000 50,000
Transfers from Profit & Loss to replacement reserve total is represented within Cash at bank balance
9 Other financial commitments 2024 2023
£ £
Total future minimum payments under non-cancellable operating leases 9,731 12,975
10 Controlling party
The company has no share capital. The company is limited by guarantee to a maximum of £1 per member
11 Other information
Staines & Laleham Sports Association Limited is a private company limited by guarantee and incorporated in England. Its registered office is:
Faulkners
Worple Road
Staines
Middlesex
TW18 1HR
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