WORKINGTON ASSOCIATION FOOTBALL CLUB,LIMITED


Directors	COLLINS, Simon
	LEWTHWAITE, Richard Andrew
	NORMAN, Philip
	ROOT, Christopher


Registered Address	Borough Park
	Workington
	Cumbria
	CA14 2DT


Registered Number	00176420 (England and Wales)

Statement of Financial Position
31 May 2025

	Notes	2025		2024
		£	£	£	£
Fixed assets
Tangible assets	3		18,949		21,572
Investments	4		100		100
			19,049		21,672
Current assets
Stocks		291		291
Debtors	5	4,660		6,904
Cash at bank and on hand		4,406		7,300
		9,357		14,495
Creditors amounts falling due within one year	6	(39,561)		(40,980)
Net current assets (liabilities)			(30,204)		(26,485)
Total assets less current liabilities			(11,155)		(4,813)
Creditors amounts falling due after one year	7		(5,250)		(5,250)
Net assets			(16,405)		(10,063)
Capital and reserves
Called up share capital			387,950		387,650
Other reserves			7,328		7,328
Profit and loss account			(411,683)		(405,041)
Shareholders' funds			(16,405)		(10,063)

The company was entitled to exemption from audit for this reporting period 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 in accordance with the provisions applicable to companies subject to the small companies regime.
The directors have chosen to not file a copy of the company’s profit and loss account under section 444 (5A) Companies Act 2006.

The financial statements were approved and authorised for issue by the Board of Directors on 27 November 2025, and are signed on its behalf by:

NORMAN, Philip
Director
Registered Company No. 00176420

WORKINGTON ASSOCIATION FOOTBALL CLUB,LIMITED

Notes to the Financial Statements
for the year ended 31 May 2025

1.	Accounting policies

	Statutory information
	The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

	Basis of preparation
	The financial statements have been prepared under the historical cost convention on a going concern basis unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

	Functional and presentation currency
	The financial statements are presented in sterling and this is the functional currency of the company.

	Turnover policy
	Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes.

	Defined contribution pension plan
	The company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the company pays fixed contributions into a separate entity. Once the contributions have been paid the company has no further obligation. Contributions to defined contribution plans are expensed in the period to which they relate. Amounts not paid are shown in other creditors in the Statement of Financial Position. The assets of the plan are held separately from the company in independently administered funds.

Defined contribution pension plan

The company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the company pays fixed contributions into a separate entity. Once the contributions have been paid the company has no further obligation. 

Contributions to defined contribution plans are expensed in the period to which they relate.  Amounts not paid are shown in other creditors in the Statement of Financial Position.  The assets of the plan are held separately from the company in independently administered funds.

	Tangible fixed assets and depreciation
	Tangible fixed assets are stated at cost or valuation less depreciation. The assets residual values, useful lives and depreciation methods are reviewed and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date. Gains and losses on disposal are determined by comparing the proceeds with the carrying amount and are recognised in the Income Statement Depreciation is provided on all tangible fixed assets as follows:

Tangible fixed assets and depreciation

Tangible fixed assets are stated at cost or valuation less depreciation. 

The assets residual values, useful lives and depreciation methods are reviewed and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposal are determined by comparing the proceeds with the carrying amount and are recognised in the Income Statement

Depreciation is provided on all tangible fixed assets as follows:


		Reducing balance (%)
	Land and buildings	15
	Plant and machinery	15
	Fixtures and fittings	15

	Investments
	Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value where the difference between cost and fair value is material. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the Income Statement.

Investments

Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value where the difference between cost and fair value is material. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the Income Statement.

	Stocks and work in progress
	Stocks are valued at the lower of cost and estimated selling price (less any associated costs to enable such sales to complete). At each date of Statement of Financial Position, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in the Income Statement. Work in progress is valued on the basis of direct costs plus attributable overheads based on normal level of activity. Provision is made for any foreseeable losses where appropriate. No element of profit is included in the valuation of work in progress.

Stocks and work in progress

Stocks are valued at the lower of cost and estimated selling price (less any associated costs to enable such sales to complete). 

At each date of Statement of Financial Position, stocks are assessed for impairment.  If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell.  The impairment loss is recognised immediately in the Income Statement.

Work in progress is valued on the basis of direct costs plus attributable overheads based on normal level of activity. Provision is made for any foreseeable losses where appropriate. No element of profit is included in the valuation of work in progress.

	Trade and other 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.

Trade and other 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.

	Trade and other 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.

	Financial instruments
	The company enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.

2.	Average number of employees


		2025		2024
	Average number of employees during the year	54		53

3.	Tangible fixed assets

	Land & buildings	Plant & machinery	Fixtures & fittings	Total
	£	£	£	£
Cost or valuation
At 01 June 24	87,513	8,770	46,477	142,760
Additions	-	-	629	629
At 31 May 25	87,513	8,770	47,106	143,389
Depreciation and impairment
At 01 June 24	74,564	7,227	39,397	121,188
Charge for year	1,942	232	1,078	3,252
At 31 May 25	76,506	7,459	40,475	124,440
Net book value
At 31 May 25	11,007	1,311	6,631	18,949
At 31 May 24	12,949	1,543	7,080	21,572

4.	Fixed asset investments

	Investments in groups¹	Total
	£	£
Cost or valuation
At 01 June 24	100	100
At 31 May 25	100	100
Net book value
At 31 May 25	100	100
At 31 May 24	100	100

	Notes
	¹Investments in group undertakings and participating interests

5.	Debtors: amounts due within one year

	2025	2024
	£	£
Trade debtors / trade receivables	4,660	6,904
Total	4,660	6,904

6.	Creditors: amounts due within one year

	2025	2024
	£	£
Trade creditors / trade payables	7,446	22,047
Taxation and social security	10,437	5,100
Other creditors	9,400	571
Accrued liabilities and deferred income	12,278	13,262
Total	39,561	40,980

7.	Creditors: amounts due after one year

	2025	2024
	£	£
Other creditors	5,250	5,250
Total	5,250	5,250

8.	Other commitments
	Details of the company's associates at 31 May 2025 are as follows: Workington Reds in the Community Ltd (8 Estuary Close, Millom, Cumbria, LA18 4FH) - 50% ordinary shares held Workington Reds in the Schools Ltd (8 Estuary Close, Millom, Cumbria, LA18 4FH) - 50% ordinary shares held The aggregate amount of capital and reserves at the period ends of the associate undertakings' most recent accounts on or prior to 31 May 2025; and the profit/(loss) for the same periods are as follows: Aggregate Reserves: Workington Reds in the Community Ltd - (£11,707) Workington Reds in the Schools Ltd - £32,036 Profit/(Loss): Workington Reds in the Community Ltd - £20,302 Workington Reds in the Schools Ltd - £2,623

Other commitments

Details of the company's associates at 31 May 2025 are as follows:

Workington Reds in the Community Ltd (8 Estuary Close, Millom, Cumbria, LA18 4FH) - 50% ordinary shares held
Workington Reds in the Schools Ltd (8 Estuary Close, Millom, Cumbria, LA18 4FH) - 50% ordinary shares held

The aggregate amount of capital and reserves at the period ends of the associate undertakings' most recent accounts on or prior to 31 May 2025; and the profit/(loss) for the same periods are as follows:

Aggregate Reserves:
Workington Reds in the Community Ltd - (£11,707)
Workington Reds in the Schools Ltd - £32,036

Profit/(Loss):
Workington Reds in the Community Ltd - £20,302
Workington Reds in the Schools Ltd - £2,623