Gwent County Football Association Limited

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—4

Registered number: 04753782

		2026		2025
	Notes	£	£	£	£
FIXED ASSETS
Tangible assets	4		2,000		2,000

			2,000		2,000
CURRENT ASSETS
Stocks		750		750
Debtors	5	14,039		10,325
Cash at bank and in hand		148,461		150,178

		163,250		161,253
CREDITORS: Amounts falling due within one year	6	(3,834 )		(4,189 )

NET CURRENT ASSETS (LIABILITIES)			159,416		157,064

TOTAL ASSETS LESS CURRENT LIABILITIES			161,416		159,064

NET ASSETS			161,416		159,064

RESERVES
Other reserves			77,600		77,600
Income and Expenditure Account			83,816		81,464

MEMBERS' FUNDS			161,416		159,064

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Gwent County Football Association Limited

Balance Sheet (continued)

As At 30 April 2026

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.

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

K R Jones

Director

24/10/2026

The notes on pages 3 to 4 form part of these financial statements.

1. General Information

Gwent County Football Association Limited is a private company, limited by guarantee, incorporated in England & Wales, registered number 04753782 . The registered office is 1 Ashtree Cottages, Aberbeeg, Caerphilly, NP13 2AT.

The presentation currency of the financial statements is the Pound Sterling (£).

The company is a public benefit entity.

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 recognised to the extent that it is probable that the economic benefits will flow to the company and the income can be reliably measured. Income is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Grants receivable 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. Grants are measured at the fair value of the asset received or receivable. Grants that do not impose specified future performance-related conditions on the company are recognised in income when the grant proceeds are received or receivable. Grants that imposes specified future performance-related conditions on the company are recognised in income only when the performance-related conditions are met. Grants received before the revenue recognition criteria are satisfied are recognised as a liability.

Where a grant becomes repayable it is recognised as a liability when the repayment meets the definition of a liability.

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:

Equipment

15% on reducing balance

2.4. Stocks and Work in Progress

Stocks 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.

2.5. Financial Instruments

The company only enters into basic financial instruments, transactions that result in the recognition of financial assets and liabilities like trade and other accounts receivable and payable.

Financial assets and liabilities are offset and the net amount reported in the balance sheet only when there is an enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Trade and other debtors that are receivable within one year and do not constitute a financing transaction are recorded at the undiscounted amount expected to be received, net of impairment.

Cash and cash equivalents comprise cash at bank and in hand.

Trade and other creditors are initially recognised at the transaction price and are thereafter stated at amortised cost using the effective interest method unless the effect of discounting would be immaterial, in which case they are stated at cost.

2.6. Taxation

The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

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Gwent County Football Association Limited

Notes to the Financial Statements (continued)

For The Year Ended 30 April 2026

3. Average Number of Employees

Average number of employees, including directors, during the year was: NIL (2025: NIL)

4. Tangible assets

	Equipment
	£
Cost
As at 1 May 2025	28,657
Additions	554

As at 30 April 2026	29,211

Depreciation
As at 1 May 2025	26,657
Provided during the period	554

As at 30 April 2026	27,211

Net Book Value
As at 30 April 2026	2,000

As at 1 May 2025	2,000

5. Debtors

	2026	2025
	£	£
Due within one year
Trade debtors	14,039	10,325

6. CREDITORS: Amounts falling due within one year

	2026	2025
	£	£
Trade creditors	3,507	3,800
Taxation and social security	327	389

	3,834	4,189

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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