Bancyfelin Motor Club 07868224 false 2024-01-01 2024-12-31 2024-12-31 The principal activity of the company is promotion of motor racing Digita Accounts Production Advanced 6.30.9574.0 true true 07868224 2024-01-01 2024-12-31 07868224 2024-12-31 07868224 core:RetainedEarningsAccumulatedLosses 2024-12-31 07868224 core:CurrentFinancialInstruments core:WithinOneYear 2024-12-31 07868224 bus:SmallEntities 2024-01-01 2024-12-31 07868224 bus:AuditExemptWithAccountantsReport 2024-01-01 2024-12-31 07868224 bus:FullAccounts 2024-01-01 2024-12-31 07868224 bus:SmallCompaniesRegimeForAccounts 2024-01-01 2024-12-31 07868224 bus:RegisteredOffice 2024-01-01 2024-12-31 07868224 bus:Director1 2024-01-01 2024-12-31 07868224 bus:Director2 2024-01-01 2024-12-31 07868224 bus:Director3 2024-01-01 2024-12-31 07868224 bus:CompanyLimitedByGuarantee 2024-01-01 2024-12-31 07868224 countries:AllCountries 2024-01-01 2024-12-31 07868224 2023-01-01 2023-12-31 07868224 2023-12-31 07868224 core:RetainedEarningsAccumulatedLosses 2023-12-31 07868224 core:CurrentFinancialInstruments core:WithinOneYear 2023-12-31 iso4217:GBP xbrli:pure

Filleted

Registration number: 07868224

Bancyfelin Motor Club

(A company limited by guarantee)

Annual Report and Unaudited Financial Statements

for the Year Ended 31 December 2024

 

Bancyfelin Motor Club

Contents

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3 to 4

 

Bancyfelin Motor Club

Company Information

Directors

Mr D S Evans

Mr J Roderick-Evans

Mrs T L Williams

Registered office

Llys Deri
Parc Pensarn
Carmarthen
SA31 2NF

 

Bancyfelin Motor Club

(Registration number: 07868224)
Balance Sheet as at 31 December 2024

Note

2024
£

2023
£

Current assets

 

Cash at bank and in hand

 

9,232

2,986

Creditors: Amounts falling due within one year

4

(3,870)

(829)

Net assets

 

5,362

2,157

Capital and reserves

 

Profit and loss account

5,362

2,157

Total equity

 

5,362

2,157

For the financial year ending 31 December 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 in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Profit and Loss Account has been taken.

Approved and authorised by the Board on 29 July 2025 and signed on its behalf by:
 

.........................................
Mr D S Evans
Director

   
     
 

Bancyfelin Motor Club

Notes to the Financial Statements for the Year Ended 31 December 2024

1

General information

The company is a company limited by guarantee, incorporated in England & Wales, and consequently does not have share capital. Each of the members is liable to contribute an amount not exceeding £1 towards the assets of the company in the event of liquidation.

The address of its registered office is:
Llys Deri
Parc Pensarn
Carmarthen
SA31 2NF

These financial statements were authorised for issue by the Board on 29 July 2025.

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.

Going concern

The financial statements have been prepared on a going concern basis.

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 sales, 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 balance sheet 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.

 

Bancyfelin Motor Club

Notes to the Financial Statements for the Year Ended 31 December 2024

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, 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.

Creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

3

Staff numbers

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

4

Creditors

Creditors: amounts falling due within one year

Note

2024
£

2023
£

Due within one year

 

Other creditors

 

3,870

829