Acorah Software Products - Accounts Production 16.4.675 false true 30 November 2023 1 December 2022 false 1 December 2023 30 November 2024 30 November 2024 NI057083 Mr Malachy Scott Mr Patrick McCrory Mr Mark Kelly iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure NI057083 2023-11-30 NI057083 2024-11-30 NI057083 2023-12-01 2024-11-30 NI057083 frs-core:CurrentFinancialInstruments 2024-11-30 NI057083 frs-core:Non-currentFinancialInstruments 2024-11-30 NI057083 frs-core:FurnitureFittings 2024-11-30 NI057083 frs-core:FurnitureFittings 2023-12-01 2024-11-30 NI057083 frs-core:FurnitureFittings 2023-11-30 NI057083 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2024-11-30 NI057083 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-12-01 2024-11-30 NI057083 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-11-30 NI057083 frs-core:OtherReservesSubtotal 2024-11-30 NI057083 frs-core:RetainedEarningsAccumulatedLosses 2024-11-30 NI057083 frs-bus:CompanyLimitedByGuarantee 2023-12-01 2024-11-30 NI057083 frs-bus:FilletedAccounts 2023-12-01 2024-11-30 NI057083 frs-bus:SmallEntities 2023-12-01 2024-11-30 NI057083 frs-bus:AuditExempt-NoAccountantsReport 2023-12-01 2024-11-30 NI057083 frs-bus:SmallCompaniesRegimeForAccounts 2023-12-01 2024-11-30 NI057083 frs-bus:Director1 2023-12-01 2024-11-30 NI057083 frs-bus:Director2 2023-12-01 2024-11-30 NI057083 frs-bus:Director3 2023-12-01 2024-11-30 NI057083 frs-countries:NorthernIreland 2023-12-01 2024-11-30 NI057083 2022-11-30 NI057083 2023-11-30 NI057083 2022-12-01 2023-11-30 NI057083 frs-core:CurrentFinancialInstruments 2023-11-30 NI057083 frs-core:Non-currentFinancialInstruments 2023-11-30 NI057083 frs-core:OtherReservesSubtotal 2023-11-30 NI057083 frs-core:RetainedEarningsAccumulatedLosses 2023-11-30
Registered number: NI057083
Glengormley Amateur Boxing Club
Unaudited Financial Statements
For The Year Ended 30 November 2024
Sherwood Accountancy Practice
70 Sherwood Avenue
Newtownabbey
Co Antrim
BT36 5GF
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: NI057083
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 165,279 171,102
165,279 171,102
CURRENT ASSETS
Stocks 5 8,228 8,228
Debtors 6 4,108 4,108
Cash at bank and in hand 21,521 15,061
33,857 27,397
Creditors: Amounts Falling Due Within One Year 7 - (7,926 )
NET CURRENT ASSETS (LIABILITIES) 33,857 19,471
TOTAL ASSETS LESS CURRENT LIABILITIES 199,136 190,573
Creditors: Amounts Falling Due After More Than One Year 8 (189,968 ) (186,173 )
NET ASSETS 9,168 4,400
RESERVES
Other reserves 1,205 1,205
Income and Expenditure Account 7,963 3,195
MEMBERS' FUNDS 9,168 4,400
Page 1
Page 2
For the 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.
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 Malachy Scott
Director
14/08/2025
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Glengormley Amateur Boxing Club is a private company, limited by guarantee, incorporated in Northern Ireland, registered number NI057083 . The registered office is 304-1 Antrim Road, Glengormley, Co Antrim, BT36 5EG.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. 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 is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Freehold 2% Straight line
Fixtures & Fittings 10% Straight line
2.4. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
2.5. Foreign Currencies
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating surplus.
3. Average Number of Employees
Average number of employees, including directors, during the year was: NIL (2023: NIL)
- -
Page 3
Page 4
4. Tangible Assets
Land & Property
Freehold Fixtures & Fittings Total
£ £ £
Cost
As at 1 December 2023 264,063 51,003 315,066
As at 30 November 2024 264,063 51,003 315,066
Depreciation
As at 1 December 2023 94,851 49,113 143,964
Provided during the period 5,282 541 5,823
As at 30 November 2024 100,133 49,654 149,787
Net Book Value
As at 30 November 2024 163,930 1,349 165,279
As at 1 December 2023 169,212 1,890 171,102
5. Stocks
2024 2023
£ £
Stock - sports equipment 8,228 8,228
6. Debtors
2024 2023
£ £
Due within one year
Other debtors 4,108 4,108
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors - 1
Bank loans and overdrafts - 13
Accruals and deferred income - 7,912
- 7,926
8. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Capital grants 189,968 186,173
9. 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.
Page 4