Thanet Indoor Bowls Club Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 06703814 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

FOR

THANET INDOOR BOWLS CLUB LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

Chartered Accountants' Report

6

DIRECTORS:

I Barrowcliffe

Ms P J Freeman

P N Proctor

G W Stanford

I R Thorpe

J S Evans

J H Shearwood

REGISTERED OFFICE:

Thanet Indoor Bowls Centre

Fifth Avenue

Cliftonville

Margate

CT9 3AB

REGISTERED NUMBER:

06703814 (England and Wales)

ACCOUNTANTS:

Kemps Accounting Solutions Limited

Chartered Accountants

42A High Street

Broadstairs

Kent

CT10 1JT

FIXED ASSETS

Tangible assets

4

12,369

17,234

CURRENT ASSETS

Stocks

9,264

10,057

Debtors

5

3,987

2,856

Cash at bank and in hand

115,400

97,417

128,651

110,330

CREDITORS

Amounts falling due within one year

6

23,848

22,367

NET CURRENT ASSETS

104,803

87,963

TOTAL ASSETS LESS CURRENT
LIABILITIES

117,172

105,197

CREDITORS

Amounts falling due after more than one
year

7

45,011

50,095

NET ASSETS

72,161

55,102

RESERVES

Other reserves

14,886

-

Income and expenditure account

57,275

55,102

72,161

55,102

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 13 September 2025 and were signed on its behalf by:

I R Thorpe - Director

1.	STATUTORY INFORMATION

Thanet Indoor Bowls Club Limited is a private company, limited by guarantee , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

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

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Long leasehold

-

10% on cost

Fixtures and Fittings

-

25% on cost and 20% on cost

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to surplus or deficit on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Life membership fees

Life membership fees received during the year are recognised to reflect the anticipated usage of the Club facilities over the subsequent six years and are therefore credited to income in equal instalments.

Government grants

Government grants received are treated as deferred credits and credited to the income and expenditure account over the same period as the associated expenditure.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 12 (2024 - 14 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

COST

At 1 April 2024

and 31 March 2025

525,193

431,107

956,300

DEPRECIATION

At 1 April 2024

510,166

428,900

939,066

Charge for year

3,756

1,109

4,865

At 31 March 2025

513,922

430,009

943,931

NET BOOK VALUE

At 31 March 2025

11,271

1,098

12,369

At 31 March 2024

15,027

2,207

17,234

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

Other debtors

3,987

2,856

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

Trade creditors

8,145

2,287

Taxation and social security

2,402

7,659

Other creditors

13,301

12,421

23,848

22,367

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR

31.3.25

31.3.24

£

Other creditors

45,011

50,095

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Thanet Indoor Bowls Club Limited for the year ended 31 March 2025 which comprise the Income Statement, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Thanet Indoor Bowls Club Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Thanet Indoor Bowls Club Limited and state those matters that we have agreed to state to the Board of Directors of Thanet Indoor Bowls Club Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Thanet Indoor Bowls Club Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Thanet Indoor Bowls Club Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Thanet Indoor Bowls Club Limited. You consider that Thanet Indoor Bowls Club Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Thanet Indoor Bowls Club Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Kemps Accounting Solutions Limited

Chartered Accountants

42A High Street

Broadstairs

Kent

CT10 1JT

13 September 2025