Company registration number: 04357877
North Petherton Bowling Club Ltd Company limited by guarantee
Unaudited financial statements
30 September 2021
North Petherton Bowling Club Ltd Company limited by guarantee
Contents
| Page | |
|---|---|
| Directors and other information | 1 |
| Directors report | 2 |
| Accountants report | 3 |
| Statement of comprehensive income | 4 |
| Statement of financial position | 5 - 6 |
| Notes to the financial statements | 7 - 9 |
North Petherton Bowling Club Ltd Company limited by guarantee
Directors and other information
| Directors | Mr Michael Pyne |
|---|---|
| Mr Peter Douglas Walker | |
| Mr David Thomas | |
| Mr John Hardy Swayne | |
| Mr Michael John Glendinning | |
| Mrs Eileen June Milton | |
| Mr Terence Donald Pope | |
| Mr Frank Davis | |
| Secretary | John Hardy Swayne |
| Company number | 04357877 |
| Registered office | Manor Cottage Huntworth Lane |
| Huntworth | |
| Bridgwater | |
| Somerset | |
| TA7 0AH | |
| Accountants | Michael J Dodden & Co |
| 34 North Street | |
| Bridgwater | |
| Somerset | |
| TA6 3YD |
Page 1
North Petherton Bowling Club Ltd Company limited by guarantee
Directors report Year ended 30 September 2021
The directors present their report and the unaudited financial statements of the company for the year ended 30 September 2021.
Directors
The directors who served the company during the year were as follows:
Mr Michael Pyne Mr Peter Douglas Walker Mr David Thomas Mr John Hardy Swayne Mr Michael John Glendinning Mrs Eileen June Milton Mr Terence Donald Pope Mr Frank Davis
Small company provisions
This report has been prepared in accordance with the provisions applicable to companies entitled to the small companies exemption.
This report was approved by the board of directors on 19 November 2021 and signed on behalf of the board by:
Mr John Hardy Swayne Director
Page 2
North Petherton Bowling Club Ltd Company limited by guarantee
Report to the board of directors on the preparation of the unaudited statutory financial statements of North Petherton Bowling Club Ltd Year ended 30 September 2021
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of North Petherton Bowling Club Ltd for the year ended 30 September 2021 which comprise the statement of comprehensive income, statement of financial position and related notes from the company's accounting records and from information and explanations you have given us.
As a practising member firm of the Association of Chartered Certified Accountants , we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/en/member/ professional-standards/ rules-standards/acca-rulebook.html.
This report is made solely to the board of directors of North Petherton Bowling Club Ltd, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the financial statements of North Petherton Bowling Club Ltd and state those matters that we have agreed to state to the board of directors of North Petherton Bowling Club Ltd as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/content/dam/ACCA_Global /Technical/fact/technical-factsheet-163.pdf. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than North Petherton Bowling Club Ltd and its board of directors as a body for our work or for this report.
It is your duty to ensure that North Petherton Bowling Club Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of North Petherton Bowling Club Ltd. You consider that North Petherton Bowling Club Ltd is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the financial statements of North Petherton Bowling Club Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.
Michael J Dodden & Co Chartered Certified Accountants
34 North Street Bridgwater Somerset TA6 3YD
Page 3
North Petherton Bowling Club Ltd Company limited by guarantee
Statement of comprehensive income Year ended 30 September 2021
| 2021 | 2020 | |||
|---|---|---|---|---|
| Note | £ | £ | ||
| Turnover | 36,562 | 73,059 | ||
| Cost of sales | - | - | ||
| Administrative expenses | (34,364 | ) | ) (45,808 |
|
| Operating profit | 2,198 | 27,251 | ||
| Other interest receivable and similar income | 5,116 | 2,408 | ||
| Profit before taxation | 5 | 7,314 | 29,659 | |
| Tax on profit | - | - | ||
| Profit for the financial year | 7,314 | 29,659 | ||
| Remeasurement of the net defined benefit plan | 29,659 | - | ||
| Total comprehensive income for the year | 36,973 | 29,659 |
All the activities of the company are from continuing operations.
The notes on pages 7 to 9 form part of these financial statements.
Page 4
North Petherton Bowling Club Ltd Company limited by guarantee
| Statement of financial position | Statement of financial position | Statement of financial position | |||||
|---|---|---|---|---|---|---|---|
| 30 September 2021 | |||||||
| 2021 | 2020 | ||||||
| Note | £ | £ | £ | £ | |||
| Fixed assets | |||||||
| Tangible assets | 6 | 402,859 | 406,462 | ||||
| 402,859 | 406,462 | ||||||
| Current assets | |||||||
| Stocks | 2,780 | 3,000 | |||||
| Investments | 7 | 65,324 | 60,208 | ||||
| Cash at bank and in hand | 37,830 | 31,809 | |||||
| 105,934 | 95,017 | ||||||
| Creditors: amounts falling due | |||||||
| within one year | 8 | (756 | ) | (756 | ) | ||
| Net current assets | 105,178 | 94,261 | |||||
| Total assets less current liabilities | 508,037 | 500,723 | |||||
| Net assets | 508,037 | 500,723 | |||||
| Capital and reserves | |||||||
| User defined reserve 1 | 366,303 | 366,303 | |||||
| Profit and loss account | 141,734 | 134,420 | |||||
| Members funds | 508,037 | 500,723 |
The notes on pages 7 to 9 form part of these financial statements.
Page 5
North Petherton Bowling Club Ltd Company limited by guarantee
Statement of financial position (continued)
30 September 2021
For the year ending 30 September 2021 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.
These financial statements have been prepared 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'.
These financial statements were approved by the board of directors and authorised for issue on 19 November 2021, and are signed on behalf of the board by:
Mr Peter Douglas Walker Director
Company registration number: 04357877
The notes on pages 7 to 9 form part of these financial statements.
Page 6
Notes to the financial statements Year ended 30 September 2021
North Petherton Bowling Club Ltd Company limited by guarantee
1. General information
The company is a private company limited by guarantee, registered in England and Wales. The address of the registered office is Manor Cottage Huntworth Lane, Huntworth, Bridgwater, Somerset, TA7 0AH.
2. Statement of compliance
These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'. The Triennial review 2017 amendments to the standard have been early adopted.
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.
Turnover
Turnover represents income generated in respect of the clubs normal activities.
Tangible assets
Tangible assets are initially recorded at cost, and are 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 capital and reserves, 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 capital and reserves in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in capital and reserves in respect of that asset, the excess shall be recognised in profit or loss.
Page 7
North Petherton Bowling Club Ltd Company limited by guarantee
Notes to the financial statements (continued) Year ended 30 September 2021
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:
Fittings fixtures and equipment
15%
reducing balance
If there is an indication that there has been a significant change in depreciation rate, useful life or residual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates.
Impairment
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.
When it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that are largely independent of the cash inflows from other assets or groups of assets.
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stocks to their present location and condition.
4. Limited by guarantee
The company is limited by guarantee.
5. Profit before taxation
Profit before taxation is stated after charging/(crediting):
| Profit before taxation is stated after charging/(crediting): | ||
|---|---|---|
| 2021 | 2020 | |
| £ | £ | |
| Depreciation of tangible assets | 6,331 | 7,087 |
Page 8
North Petherton Bowling Club Ltd Company limited by guarantee
Notes to the financial statements (continued) Year ended 30 September 2021
6. Tangible assets
| Cost At 1 October 2020 Additions At 30 September 2021 Depreciation At 1 October 2020 Charge for the year At 30 September 2021 Carrying amount At 30 September 2021 At 30 September 2020 7. Investments Other investments 8. Creditors: amounts falling due within one year Other creditors |
Freehold property Fixtures, fittings and equipment £ £ 366,303 89,281 695 2,033 366,998 91,314 - 49,122 - 6,331 - 55,453 366,998 35,861 366,303 40,159 2021 £ 65,324 2021 £ 756 |
Total £ 455,584 2,728 |
|---|---|---|
| 458,312 | ||
| 49,122 6,331 |
||
| 55,453 | ||
| 402,859 | ||
| 406,462 | ||
| 2020 £ 60,208 |
||
| 2020 £ 756 |
Page 9
North Petherton Bowling Club Ltd Company limited by guarantee
The following pages do not form part of the statutory accounts.
North Petherton Bowling Club Ltd Company limited by guarantee
Detailed income statement Year ended 30 September 2021
| Turnover Match fees Bar Umbrellas Badges, ties etc Socials/Fund raising Indoor rink Vending machine Competitions Donations/Sponsors Sundry income Member subs Raffles Tour Grants receivable Gross profit Gross profit percentage Overheads Administrative expenses Operating profit Operating profit percentage Other interest receivable and similar income Profit before taxation |
2021 £ 1,424 4,298 207 38 222 1,648 250 338 45 15 1,525 502 ) (1,900 27,950 36,562 36,562 % 100.0 ) (34,364 ) (34,364 2,198 % 6.0 5,116 7,314 |
2020 £ 228 9,775 111 106 1,762 14,833 1,311 191 180 207 12,811 817 1,121 29,606 73,059 73,059 % 100.0 ) (45,808 ) (45,808 27,251 % 37.3 2,408 29,659 |
|---|---|---|
North Petherton Bowling Club Ltd Company limited by guarantee
Detailed income statement (continued) Year ended 30 September 2021
| Overheads Administrative expenses Rates Insurance Promotional badges and ties Light and heat Repairs and maintenance Green maintenance Bar expenses Event expenses Telephone Teas, supporters etc Vencing machine Motor expenses Social events Accountancy fees Credit card charges General expenses Depreciation of tangible assets Gain/loss on disposal of tangible assets |
2021 £ 1,619 4,813 170 1,830 3,630 8,858 2,108 1,953 638 258 476 - 179 640 - 861 6,331 - 34,364 |
2020 £ 2,917 4,177 959 2,953 5,650 8,647 4,849 2,801 718 110 1,042 194 897 640 155 965 7,087 1,047 |
|---|---|---|
| 45,808 |