GREENFIELDS & DISTRICT BOWLING CLUB LIMITED

	Page
Balance Sheet	1
Notes to the Financial Statements	2—3

Registered number: 384219

		2024		2023
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		241,187		243,160

			241,187		243,160
CURRENT ASSETS
Stocks	5	1,852		5,337
Cash at bank and in hand		40,431		26,284

		42,283		31,621
Creditors: Amounts Falling Due Within One Year	6	(636 )		(1,295 )

NET CURRENT ASSETS (LIABILITIES)			41,647		30,326

TOTAL ASSETS LESS CURRENT LIABILITIES			282,834		273,486

NET ASSETS			282,834		273,486

Income and Expenditure Account			282,834		273,486

MEMBERS' FUNDS			282,834		273,486

For the 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.

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

Mrs A Hubbard

Director

25/02/2025

The notes on pages 2 to 3 form part of these financial statements.

1. General Information

GREENFIELDS & DISTRICT BOWLING CLUB LIMITED is a private company, limited by guarantee, incorporated in England & Wales, registered number 384219 . The registered office is 19c Falstaff Street, Greenfields, Shrewsbury, Shropshire, SY1 2QN.

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 form the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Sale of goods

Turnover form 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	Nil
Plant & Machinery	15% Reducing Balance Basis
Water System	15% Reducing Balance Basis
Fixtures & Fittings	15% Reducing Balance Basis
Computer Equipment	15% Reducing Balance Basis

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.

3. Average Number of Employees

Average number of employees, including directors, during the year was:

	2024	2023
Office and administration	1	1
Sales, marketing and distribution	2	2

	3	3

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GREENFIELDS & DISTRICT BOWLING CLUB LIMITED

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2024

4. Tangible Assets

	Land & Property
	Freehold	Plant & Machinery	Water System	Computer Equipment	Total
	£	£	£	£	£
Cost
As at 1 January 2024	230,000	31,514	8,855	2,468	272,837

As at 31 December 2024	230,000	31,514	8,855	2,468	272,837

Depreciation
As at 1 January 2024	-	27,977	1,329	371	29,677
Provided during the period	-	530	1,128	315	1,973

As at 31 December 2024	-	28,507	2,457	686	31,650

Net Book Value
As at 31 December 2024	230,000	3,007	6,398	1,782	241,187

As at 1 January 2024	230,000	3,537	7,526	2,097	243,160

5. Stocks

	2024	2023
	£	£
Stock - Bar	1,852	5,337

6. Creditors: Amounts Falling Due Within One Year

	2024	2023
	£	£
Other taxes and social security	276	970
Accruals and deferred income	360	325

	636	1,295

7. 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.

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