| Windrush Sporting Society Limited |
| Registered number: |
08900577 |
| Balance Sheet |
| as at 31 March 2025 |
|
| Notes |
|
|
2025 |
|
|
2024 |
| £ |
£ |
| Fixed assets |
| Tangible assets |
3 |
|
|
16,120 |
|
|
21,493 |
|
| Current assets |
| Debtors |
4 |
|
650,961 |
|
|
811,054 |
| Cash at bank and in hand |
|
|
333,319 |
|
|
65,297 |
|
|
|
984,280 |
|
|
876,351 |
|
| Creditors: amounts falling due within one year |
5 |
|
(1,015,990) |
|
|
(933,708) |
|
| Net current liabilities |
|
|
|
(31,710) |
|
|
(57,357) |
|
| Net liabilities |
|
|
|
(15,590) |
|
|
(35,864) |
|
|
|
|
|
|
|
|
| Reserves |
| Income and expenditure account |
|
|
|
(15,590) |
|
|
(35,864) |
|
| Members' funds |
|
|
|
(15,590) |
|
|
(35,864) |
|
|
|
|
|
|
|
|
| The director is 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 director acknowledges his 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. |
|
|
|
|
| Frank Joseph Sekula |
| Director |
| Approved by the board on 23 December 2025 |
|
| Windrush Sporting Society Limited |
| Notes to the Accounts |
| for the year ended 31 March 2025 |
|
|
| 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). |
|
|
Income and expenditure |
|
Income and expenses are included in the financial statements as they become receivable or due. Expenses include VAT where applicable as the company can not reclaim it. |
|
|
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: |
|
|
Plant and machinery |
25% reducing balance |
|
Fixtures and fittings |
25% reducing balance |
|
|
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. |
|
|
Taxation |
|
The company's activities are exempt from corporation tax, it being a company not carrying on a business for the purposes of making profit. |
|
|
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. |
|
|
Leased assets |
|
A lease is classified as a finance lease if it transfers substantially all the risks and rewards incidental to ownership. All other leases are classified as operating leases. The rights of use and obligations under finance leases are initially recognised as assets and liabilities at amounts equal to the fair value of the leased assets or, if lower, the present value of the minimum lease payments. Minimum lease payments are apportioned between the finance charge and the reduction in the outstanding liability using the effective interest rate method. The finance charge is allocated to each period during the lease so as to produce a constant periodic rate of interest on the remaining balance of the liability. Leased assets are depreciated in accordance with the company's policy for tangible fixed assets. If there is no reasonable certainty that ownership will be obtained at the end of the lease term, the asset is depreciated over the lower of the lease term and its useful life. Operating lease payments are recognised as an expense on a straight line basis over the lease term. |
|
|
Pensions |
|
Contributions to defined contribution plans are expensed in the period to which they relate. |
|
|
| 2 |
Employees (including directors) |
2025 |
|
2024 |
| Number |
Number |
|
|
Average number of persons employed by the company |
2 |
|
2 |
|
|
|
|
|
|
|
|
|
|
| 3 |
Tangible fixed assets |
|
|
|
|
Land and buildings |
|
Plant and machinery etc |
|
Total |
| £ |
£ |
£ |
|
Cost |
|
At 1 April 2024 |
3,495 |
|
46,628 |
|
50,123 |
|
At 31 March 2025 |
3,495 |
|
46,628 |
|
50,123 |
|
|
|
|
|
|
|
|
|
|
Depreciation |
|
At 1 April 2024 |
1,323 |
|
27,307 |
|
28,630 |
|
Charge for the year |
543 |
|
4,830 |
|
5,373 |
|
At 31 March 2025 |
1,866 |
|
32,137 |
|
34,003 |
|
|
|
|
|
|
|
|
|
|
Net book value |
|
At 31 March 2025 |
1,629 |
|
14,491 |
|
16,120 |
|
At 31 March 2024 |
2,172 |
|
19,321 |
|
21,493 |
|
|
| 4 |
Debtors |
2025 |
|
2024 |
| £ |
£ |
|
|
Trade debtors |
573,841 |
|
604,504 |
|
Other debtors |
77,120 |
|
206,550 |
|
|
|
|
|
|
650,961 |
|
811,054 |
|
|
|
|
|
|
|
|
|
|
| 5 |
Creditors: amounts falling due within one year |
2025 |
|
2024 |
| £ |
£ |
|
|
Trade creditors |
194,830 |
|
231,840 |
|
Other taxes and social security |
624 |
|
519 |
|
Other creditors |
820,536 |
|
701,349 |
|
|
|
|
|
|
1,015,990 |
|
933,708 |
|
|
|
|
|
|
|
|
|
|
| 6 |
Other information |
|
|
The company is a company limited by guarantee, not having a share capital and consequently the liability of members is limited, subject to an undertaking by each member to contribute to the net assets or liabilities of the company on winding up such amounts as may be required not exceeding £1.
The registered office of the company is : |
|
Woolpack Barn |
|
Great Rissington |
|
Cheltenham |
|
Gloucestershire |
|
GL54 2LN |