Forres Mechanics Football Club Limited Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: SC604370

Forres Mechanics Football Club Limited

Company Limited by Guarantee

Filleted Unaudited Financial Statements

30 April 2026

Forres Mechanics Football Club Limited

Company Limited by Guarantee

Statement of Financial Position

30 April 2026

	2026	2025
Note	£	£

Fixed assets

Tangible assets	6	391,969	397,323

Current assets

Stocks		4,714	2,534
Debtors	7	15,576	36,423
Cash at bank and in hand		17,674	43,441
		--------	--------
		37,964	82,398

Creditors: amounts falling due within one year	8	58,880	68,156
		--------	--------
Net current (liabilities)/assets		( 20,916)	14,242
		---------	---------
Total assets less current liabilities		371,053	411,565

Creditors: amounts falling due after more than one year	9	108,701	118,969
		---------	---------
Net assets		262,352	292,596
		---------	---------

Capital and reserves

Profit and loss account	262,352	292,596
	---------	---------
Members funds	262,352	292,596
	---------	---------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.

For the year ending 30 April 2026 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;

- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

Forres Mechanics Football Club Limited

Company Limited by Guarantee

Statement of Financial Position (continued)

30 April 2026

These financial statements were approved by the board of directors and authorised for issue on 29 July 2026 , and are signed on behalf of the board by:

Mr D MacKintosh

Director

Company registration number: SC604370

Forres Mechanics Football Club Limited

Company Limited by Guarantee

Notes to the Financial Statements

Year ended 30 April 2026

1. General information

The company is a private company limited by guarantee, registered in Scotland. The address of the registered office is Mosset Park, Lea Road, Forres, IV36 1AU.

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Revenue recognition

Turnover represents monies received (excluding value added tax) from gate receipts, sponsorship, bar takings and other such activities. Amounts received from the SFA and other organisations are included in income in the periods in which the funds relate. Advertising income is accounted for on the accruals basis and included within the accounting period to which it relates.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

Plant and fittings	-	25% straight line
Floodlights	-	5% straight line
Equipment	-	33% reducing balance Office Equipment, software not depreciated

No depreciation has been charged on the premises and ground. The directors consider that the residual value of the premises and ground is at least equal to its net book value.

Government grants

Government grants are recognised at the fair value of the asset received or receivable. Grants are not recognised until there is reasonable assurance that the company will comply with the conditions attaching to them and the grants will be received. Government grants are recognised using the accrual model and the performance model. Under the accrual model, government grants relating to revenue are recognised on a systematic basis over the periods in which the company recognises the related costs for which the grant is intended to compensate. Grants that are receivable as compensation for expenses or losses already incurred or for the purpose of giving immediate financial support to the entity with no future related costs are recognised in income in the period in which it becomes receivable. Grants relating to assets are recognised in income on a systematic basis over the expected useful life of the asset. Where part of a grant relating to an asset is deferred, it is recognised as deferred income and not deducted from the carrying amount of the asset. Under the performance model, where the grant does not impose specified future performance-related conditions on the recipient, it is recognised in income when the grant proceeds are received or receivable. Where the grant does impose specified future performance-related conditions on the recipient, it is recognised in income only when the performance-related conditions have been met. Where grants received are prior to satisfying the revenue recognition criteria, they are recognised as a liability.

Financial instruments

The following assets and liabilities are classified as financial instruments - bank, trade debtors, trade creditors and bank loans. Cash and cash equivalents in the statement of financial position comprise cash at bank and in hand held on demand. Bank overdrafts are shown within creditors due within one year. Trade debtors and creditors are measured at the undiscounted amounts receivable from the customer or payable to a supplier, which is normally the invoiced price. Trade debtors are assessed at the end of each reporting period for the objective evidence of impairment. If such evidence is found, an impairment loss is recognised in the statement of income and retained earnings. Loans received from a bank at the market rate of interest are recognised at the amount of cash received from the bank, less separately incurred transition costs.

4. Company limited by guarantee

The Company has been formed to benefit members of the public who, or Organisations which, have an interest in Forres Mechanics Football Club (the "Community").

5. Employee numbers

The average number of persons employed by the company during the year amounted to 20 (2025: 21 ).

6. Tangible assets

	Premises and ground	Plant and fittings	Centenary gifts	Floodlights	Equipment	Total
	£	£	£	£	£	£
Cost
At 1 May 2025	296,482	13,459	1,370	107,603	2,946	421,860
Additions	–	–	–	–	656	656
	---------	--------	-------	---------	-------	---------
At 30 Apr 2026	296,482	13,459	1,370	107,603	3,602	422,516
	---------	--------	-------	---------	-------	---------
Depreciation
At 1 May 2025	–	12,434	–	10,760	1,343	24,537
Charge for the year	–	216	–	5,380	414	6,010
	---------	--------	-------	---------	-------	---------
At 30 Apr 2026	–	12,650	–	16,140	1,757	30,547
	---------	--------	-------	---------	-------	---------
Carrying amount
At 30 Apr 2026	296,482	809	1,370	91,463	1,845	391,969
	---------	--------	-------	---------	-------	---------
At 30 Apr 2025	296,482	1,025	1,370	96,843	1,603	397,323
	---------	--------	-------	---------	-------	---------

7. Debtors

	2026	2025
	£	£
Trade debtors	15,576	21,423
Other debtors	–	15,000
	--------	--------
	15,576	36,423
	--------	--------

8. Creditors: amounts falling due within one year

	2026	2025
	£	£
Bank loans and overdrafts	4,408	4,408
Trade creditors	11,724	16,162
Social security and other taxes	6,567	4,851
Other creditors	36,181	42,735
	--------	--------
	58,880	68,156
	--------	--------

9. Creditors: amounts falling due after more than one year

	2026	2025
	£	£
Bank loans and overdrafts	15,541	19,986
Other creditors	93,160	98,983
	---------	---------
	108,701	118,969
	---------	---------

10. Related party transactions

No transactions were undertaken with related parties during the period.