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Shurland Meadow Sports Club Ltd
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(limited by guarantee)
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Notes to the financial statements
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for the year ended 31 October 2025
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1
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Company information
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Shurland Meadow Sports Club Ltd is a private company registered in England and Wales. Its registered number is 13698737. The company is limited by guarantee. Its registered office is 3 Conqueror Court, Sittingbourne, Kent, ME10 5BH. Its principal place of business is Eastchurch Cricket Club, High Street, Sheerness, Kent, ME12 4BN.
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2
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Accounting policies
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Basis of preparing the financial statements
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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 historic cost convention.
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Presentation currency
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The company’s financial statements are presented in sterling.
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Going concern
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In preparing these financial statements, the director has assessed whether there are any material uncertainties related to events or conditions that cast significant doubt upon the company’s ability to continue as a going concern. In making this assessment, the director takes into account all available information about the future which is at least 12 months from the date that the financial statements are authorised for issue.
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The director considers that the company has adequate resources to continue in business for the foreseeable future and that it is appropriate to adopt the going concern basis in preparing the financial statements.
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Turnover
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Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, Value Added Tax and other sales taxes.
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Stocks
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Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.
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Taxation
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Taxation for the year comprises current taxation. Tax is recognised in the Income and expenditure account, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.
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Current taxation assets and liabilities are not discounted.
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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.
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2
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