Registered number: 8538455
THE GRANGE PLAYERS LIMITED DIRECTORS' REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MAY 2023
J P Williamson
THE GRANGE PLAYERS LIMITED Directors' Report and Unaudited Financial Statements For The Year Ended 31 May 2023
Contents
| Page | |
|---|---|
| Company Information | 1 |
| Directors' Report | 2 |
| Accountant's Report | 3 |
| Income and Expenditure Account | 4 |
| Balance Sheet | 5 |
| Notes to the Financial Statements | 6—7 |
| The following pages do not form part of the statutory accounts: | |
| Detailed Income and Expenditure Account | 8 |
THE GRANGE PLAYERS LIMITED Company Information For The Year Ended 31 May 2023
Directors Mr Christopher Waters Mrs Dawn Vigurs Mr Rod Bissett Company Number 8538455 Registered Office THE GRANGE PLAYHOUSE BROADWAY NORTH WALSALL WEST MIDLANDS WS1 2QB Accountants J P Williamson 8 Trysull Gardens Merry Hill Wolverhampton West Midlands WV3 7LD
Page 1
THE GRANGE PLAYERS LIMITED Company No. 8538455 Directors' Report For The Year Ended 31 May 2023
The directors present their report and the financial statements for the year ended 31 May 2023.
Directors
The directors who held office during the year were as follows:
Mr Christopher Waters
Ms Louise Farmer Resigned 01/12/2022 Mrs Dawn Vigurs Mr Rod Bissett Appointed 28/01/2023
Statement of Directors' Responsibilities
The directors are responsible for preparing the Directors' Report and the financial statements in accordance with applicable law and regulations.
Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and of the surplus or deficit of the company for that period. In preparing the financial statements the directors are required to:
-
select suitable accounting policies and then apply them consistently; make judgments and accounting estimates that are reasonable and prudent;
-
prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.
The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
The directors are responsible for the maintenance and integrity of the corporate and financial information included on the company's website. Legislation in the United Kingdom governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions.
Small Company Rules
This report has been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.
On behalf of the board
Mr Christopher Waters
Director
26/07/2023
Page 2
THE GRANGE PLAYERS LIMITED Accountant's Report For The Year Ended 31 May 2023
In accordance with the engagement letter dated , and in order to assist you to fulfil your duties under the Companies Act 2006, we have compiled the financial statements of the company from the accounting records and information and explanations you have given to us.
This report is made to the directors in accordance with the terms of our engagement. Our work has been undertaken to prepare for approval by the directors the financial statements that we have been engaged to compile, to report to the directors that we have done so, and to state those matters that we have agreed to state to them in this report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the Company and the Company's directors for our work or for this report.
You have acknowledged on the balance sheet as at year ended 31 May 2023 your duty to ensure that the company has kept proper accounting records and to prepare financial statements that give a true and fair view under the Companies Act 2006. You consider that the company is exempt from the statutory requirement for an audit for the year.
We have not been instructed to carry out an audit of the financial statements. 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 financial statements.
Signed
26/07/2023
J P Williamson 8 Trysull Gardens Merry Hill Wolverhampton West Midlands WV3 7LD
Page 3
THE GRANGE PLAYERS LIMITED Income and Expenditure Account For The Year Ended 31 May 2023
| Notes TURNOVER Cost of sales GROSS SURPLUS Administrative expenses Other operating income OPERATING DEFICIT AND DEFICIT FOR THE FINANCIAL YEAR |
2023 £ 34,186 (12,343) 21,843 (29,303) 522 (6,938) |
2022 £ 21,962 (8,533) |
|---|---|---|
| 13,429 (26,311) 1,075 |
||
| (11,807) |
The notes on pages 6 to 7 form part of these financial statements.
Page 4
THE GRANGE PLAYERS LIMITED Balance Sheet As at 31 May 2023
| Notes FIXED ASSETS Tangible Assets 4 CURRENT ASSETS Debtors 5 Cash at bank and in hand Creditors: Amounts Falling Due Within One Year 6 NET CURRENT ASSETS (LIABILITIES) TOTAL ASSETS LESS CURRENT LIABILITIES NET ASSETS Income and Expenditure Account MEMBERS' FUNDS |
2023 £ £ 2,701 2,701 1,595 15,263 16,858 (900) 15,958 18,659 18,659 18,659 18,659 |
2023 £ £ 2,701 2,701 1,595 15,263 16,858 (900) 15,958 18,659 18,659 18,659 18,659 |
2022 £ £ 4,707 4,707 4,903 16,787 21,690 (800) 20,890 25,597 25,597 25,597 25,597 |
2022 £ £ 4,707 4,707 4,903 16,787 21,690 (800) 20,890 25,597 25,597 25,597 25,597 |
|---|---|---|---|---|
| 2,701 15,958 |
4,707 20,890 |
|||
| 16,858 (900) |
21,690 (800) |
|||
| 18,659 | 25,597 | |||
| 18,659 | 25,597 | |||
| 18,659 | 25,597 | |||
| 18,659 | 25,597 |
For the year ending 31 May 2023 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 in accordance with the provisions applicable to companies subject to the small companies' regime.
On behalf of the board
Mr Christopher Waters
Director
26/07/2023
The notes on pages 6 to 7 form part of these financial statements.
Page 5
THE GRANGE PLAYERS LIMITED Notes to the Financial Statements For The Year Ended 31 May 2023
1. General Information
THE GRANGE PLAYERS LIMITED is a private company, limited by guarantee, incorporated in England & Wales, registered number 8538455. The registered office is THE GRANGE PLAYHOUSE, BROADWAY NORTH, WALSALL, WEST MIDLANDS, WS1 2QB.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements are prepared under the historical cost convention and in accordance with the FRS 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 measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
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:
| Plant & Machinery | 20% |
|---|---|
| Fixtures & Fittings | 20% |
3. Average Number of Employees
Average number of employees, including directors, during the year was as follows: 3 (2022: 3)
4. Tangible Assets
| Cost As at 1 June 2022 As at 31 May 2023 Depreciation As at 1 June 2022 Provided during the period As at 31 May 2023 Net Book Value As at 31 May 2023 As at 1 June 2022 |
Fixtures & Fittings £ 10,036 |
|---|---|
| 10,036 | |
| 5,329 2,006 |
|
| 7,335 | |
| 2,701 | |
| 4,707 |
Page 6
THE GRANGE PLAYERS LIMITED Notes to the Financial Statements (continued) For The Year Ended 31 May 2023
5. Debtors
| . Debtors |
||
|---|---|---|
| Due within one year Other debtors Late banked cheques . Creditors: Amounts Falling Due Within One Year Other creditors |
2023 £ 1,595 - 1,595 2023 £ 900 900 |
2022 £ 813 4,090 |
| 4,903 | ||
| 2022 £ 800 |
||
| 800 |
6. Creditors: Amounts Falling Due Within One Year
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.
Page 7
THE GRANGE PLAYERS LIMITED Detailed Income and Expenditure Account For The Year Ended 31 May 2023
| TURNOVER Sales COST OF SALES Purchases GROSS SURPLUS Administrative Expenses Staff training Rent Rates Light and heat Cleaning Computer software costs Repairs, renewals and maintenance Insurance Printing, postage and stationery Advertising and marketing costs Telecommunications Accountancy fees Professional subscriptions Bank charges Charitable donations Depreciation of fixtures and fittings Other Operating Income Donations and Fundraising OPERATING DEFICIT AND DEFICIT FOR THE FINANCIAL YEAR |
2023 £ £ 34,186 12,343 (12,343) 21,843 - 16 184 5,428 3,508 272 9,105 3,345 350 550 2,073 1,600 616 200 50 2,006 (29,303) 522 522 (6,938) |
2023 £ £ 34,186 12,343 (12,343) 21,843 - 16 184 5,428 3,508 272 9,105 3,345 350 550 2,073 1,600 616 200 50 2,006 (29,303) 522 522 (6,938) |
2022 £ £ 21,962 8,533 (8,533) 13,429 495 16 320 4,678 3,054 160 8,948 2,832 24 403 1,469 1,500 307 75 24 2,006 (26,311) 1,075 1,075 (11,807) |
2022 £ £ 21,962 8,533 (8,533) 13,429 495 16 320 4,678 3,054 160 8,948 2,832 24 403 1,469 1,500 307 75 24 2,006 (26,311) 1,075 1,075 (11,807) |
|---|---|---|---|---|
| - 16 184 5,428 3,508 272 9,105 3,345 350 550 2,073 1,600 616 200 50 2,006 |
495 16 320 4,678 3,054 160 8,948 2,832 24 403 1,469 1,500 307 75 24 2,006 |
|||
| 21,843 (29,303) 522 |
13,429 (26,311) 1,075 |
|||
| 522 | 1,075 | |||
| (6,938) | (11,807) |
Page 8