Registered number.. N1057083 GLENGORMLEY AMATEUR BOXING CLUB DIREcfoRS' REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 NOVEMBER 2024 Sherwood Accountancv PracticÈ 70 Sherwood Avenus> Newtownabbev io Antrim BT36
Glengormley Amateur Boxing Club Contents Pa9e Company Tnformatlon Dlrectots. RepJrt Accountant's Report Encome and ExDendSture Account Ba5ance Sheet Note5 to the Financial Statements The followlng page5 do not form pait of the statutory accounts: Detslled Income and Expendlture Account
Glengorniley Amateur Boxing Club Company Inforrnation For The Year Ended 30 November 2024 D5rectors Mr M4lachy Scott Mr Patrick Mccrory Mr Mark Kellv Company Number NIO570B3 Reg15tered Office 304-1 Antnm Road Glenaormlev Co Antrim BT36 SEG Accountants Sherwood Attountancv Practice 70 Stherwood Avenue Newiownabbev Co Antrlm BT36 5GI Paae I
Glengormley Amateur Boxing Club Company No. NX057083 Directors. Report For The Year Ended 30 November 2024 The directors present their report and the flnancial statèmÉnts for the year ended 30 November 2024. Dlrectors The directors who held office dliring the year We ds follows.. Mr Malachy Scott Mr Patrick Mccrory Mr Mark Kelly Statement of Directors. Re5ponslbllltles The directors are responsible for preparing the Directors, Report and the financial statements In accordance with applicable law and regulations. Company law require5 the dlrectors to prepare financial statements for each financlal year. Under that law the directors have elected to prepare the flnancial statements In accordance with united Klngdom Generally Accepted AccoLbnting Practice (United Kingdom Accounting Standards and applicable lawl. Under company law the directors must not approve the financial statements unleg£ thoy are satisfled thèt they glve a true and fair view of the state of affalrs of the company and of the surplus or deflclt of the company for that perlod. In preparing the flnanclal statements the dlrectors arè required to.. selecr suitable accounting policies and then apply rhem consistentlyi • rnake Judgments and accountlng estimates that al-e reasonable and prudent. prepare the financial staten)ents on the 90in9 concern basi5 unles5 It is Inapproprlate to presume that the company will continue In buslness. The directors are sponSible for keeping adequate accounting records that are $ufficient to show and explaln the company'J transactlons and disclose with reasonable accuracy at any tlme the financial posltSon of the company and enable them to ensure ¢hat the financial starements comply with the Companies Act 2006. They are also responslble for safeguarding rhe assets of the company and hen for taklng reasonable steps for the preventlon and detectlon of frnud and other Ii'i'e9ularltles. Tha directors are responslble for the maintenance and Integrlty of the corpor7te and financial information inclL¢ded on the campany's webslte. Legisldtlon In the Unlted Kingdom governin9 the preparatlon and disseminatlon of fJnanci31 statements may differ from legislation In othei. Jurisdiction5. Small Cofflpany Rul*• This report has been prepared In accordance with the special provisions relating to companies subject to the small companles reglme withln Part IJ of the Companles Act 2006. On behalf of the board Mr 14alachy Scott Director 1410812025 Page 2
Glengormley Amateur BoxSng Club Accountant's ReDOrt For The Year Ended 30 hlovember 2024 In accordance with the engagement letter dated , and in order to assist you to fulfil your duties under the Companitss Act 2006, we have compiled the financial staiements of the company from the accounting records and infomation and exolanations you have given to us. Th55 reportls made to the dlreetors In accordance wlth the terms of our eng3gement. Our work ha5 been Undertaken to prepare for approval by the dlrectors the flnancial statements that we have been engaged to complle, to report to the director5 that we have done so, and to state those matters that we have agreed to state to them in thls report and for no other purpose. To the fullest exrent permitted by lèw, we do not accept or a55ume responsibility to anyone other than the Company and the Company's directors for our work or for this port. You have acknowledged on the balan sheet as at year ended 70 November 2024 your duty to ensure that the company has kept proper accounh'ng records and to prepare financial statemeiits that give a true tsir view under the Coinpanles Att 2006. You consider that the company 15 exempt from the statutory requirement for an audit for the year. We have not beei) instructed to carryi out an èudit of the financial statements. For this reason, wé have not verified the accuracy or complettsnes5 of the accounting records or information and explanations you have giveft to us and we do iiot, therefore, ex ss any ooinion on the financial statements. 1410812025 Sherwood Accountancy Practr'ce 70 Sherwood Avenue Newtownabbev Co Antrim BT36 5C", Paqe 3
Glengormley Amateur Boxing Club Income and Expenditure Account For The Year Ended 30 November 2024 2024 2023 Notes TURNOVER 21.198 21.741 GROSS SURPLUS 21.198 21,741 Administrative expenses (16,405) (11,2301 OPERATING SURPLUS Intei'est payable and similar charges 4.793 10.511 IG9) SURPLUS FOR THE FINANCIAL YEAR 4,768 lQ,44?. The notes on pages G to 7 form part of thesè financial statements. Paae 4
Glengormley Amateur Boxing Club Notes to the Financial Statements For The Year Ended 30 November 2024 l. General Informatlon Glengormley Arnateur Boxing Club is a private company, Ilmited by guarantee, incorporated in Northom Ireland, registered number N1057083. The registered office 15 304-1 Antrim Road, Glengomiley, Co Antrlm, BT36 )EG. 2. Accountlng Policles 2.1. Basls of Preparètlon of Flnanclal Statenients The financial statements have been prepared under the historlcal cost Conventiors and In accordan with Flnancial Reporting Standard 102 section IA Small Intltles "The Financial Rewrtlng Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. 2.2. Turnover Turnover is measLtred at the fair value of the consideration received or receivable. net of discounts and value Jdded taxes. Turnover includés revenue earned froni the sale of goods and from the rendvrlng of services. Tui-nover ss reduced for éstimated cu5tomei' returns, rebates and other Siil)ilar allowances. Sale of goods Turnover from the sale of ooods is recognised when the significant risk5 and rewards of ownership of the good5 has transferred to ¢he buyer. This is usually at the point that the customer has slgned for the dellvery of the goods. Renderlng of servic•s Turnover from the rendering of services is recognised by reference to the stage of completion of the contrdct. The 5ta9e of completion of è cont17¥t Is measured by comparing the costs incurred for work perfoi'med to date to the total estimated contrdct Costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably. 2.3. Tanglble Fixed Assets and Depreclatlon Tanglble fixed asset5 are measured at cost less ac¢umulated depltiOn and any accumulated impairment losses. DeptatIon is provlded at rates calculatéd to wrlte off the cost of the flxed assets. less their estimated resldual value, over their expecied usehjl lives on the following bases: Freehold Fixture5 & Flttlngs 2VD Stralght Ilne IO% Stralght Ilne 2.4. stocks and Work In Progress Stocks and work in progress are value(l at the lower of cost and ner realisable value after making due allowance for obsolete and slow-moving Stocks. Cost includes all direct costs and an appropriète proportlon of fixed and varlable Dverheads. Work-in-progresa Is rcflocted in the accounrs on a contracr by contract basis by recording turnover and related costs as contract actlvlty progresses. Forelgn Currenclas Monetary assets and liabilities in foreign currencles are translated into Sterling at the rates of exchange ruling at the balance sheet date. Transactlon5 in foi'elgn currencia5 are translated into sterling at the rate ruling on the date of the transactlon. Exchange dlffeiences are taken Into account in arriving at the oper&tlng surplus. 3. Average Number of Employees Average number of employees, including director5, duréng the year was: NIL (2023: NIL) Pa9e 6
Glengormley Amateur Boxlng Club Balance Sheet As At 30 November 2024 2024 2023 Notes FIXED AsseTS Tangible Assets 165.279 171,102 165.279 171,102 CUAREhlT ASSETS Stocks Debtors Cash at bank and in hand 8.228 4.108 21.521 8,228 4.103 15,061 33,857 27,397 Credltors: Amounts Folllng Du• Within One Year 11,9261 NET CURRENT ASSETS (LIABILITIES) 33,857 19.471 TOT AL AsseTS LESS CURRENT LIABZUTIES 199,136 190,573 Credltors: Amount• Falllng Due Aft•r More Thjn One Year (189,968) (It16.1731 NET ASSETS 9.168 4,400 RESERVES Other reserves Lncome and Expanditure Account 1.20S 1.205 3,195 7,963 MEMBERS. FUNDS 9,168 4,400 For the year ending 30 November 2024 the company was entltled to exemptlon from audit under sertion 477 of the Companies Act 2006 lating to small comganies. The member5 have not requlred the company to obtsin an audlt In accordance with section 476 of the Companies Act 2006. The dlrectors acknowledge their responsibilities for eomplying wlth the quIreMents of the Act with respect to accounEing recoros and tne preparation OP acttjunts. These accounts have been prepared in accordance with the prov151ons applicable to companles subject to the small companies On behalf of the board Mr Malachv Scott Dlrector 141081202i The notes on pages 6 to 7 form Dart of thesa financial statements.
Glengormley Amateur Boxing Club Notes to the Financial Statements (continued) For The Year Ended 30 November 2024 4. Tanglble Assets Land & Property Freehold Fixtures & Flttings Total Cost As at l December 2023 264.OG3 51.003 315.066 As at 30 November 2024 264,063 51.003 315,066 Depreclatlon As at l December 2023 Provided during the perlod 94,851 5,282 49,113 541 143,964 5,823 As at 30 November 2024 100,133 49.654 149,781 Net Book Value As at 30 November 2024 163,930 1,349 165,279 As at l Dember 2023 169,212 1,890 171,102 S. Stocks 2024 2023 Stock - soorts eouipment 8,228 8.228 6. Oebtors 2024 2023 Due wlthln ono ye•r Other debtors 4,108 4,108 7. Creditors: Amounts Falllng Due Wlthln One Year 2024 2023 Trècle ciedito Bank loans and overdrafts Accruals and deferred income 13 7.912 8. Credltor9: Amounts Falllng Due After More Than One Yejr 2Q24 2023 Capital grai)ts 189,968 ia6,173 9. Companv Ilmited by quar3ntee. The company is Ilmited by guarantee and has no share caprtal. Every mgmb#r of the company undertake5 to contribute to the assets of the company, in the evènt of a winding up, such an amount as mav be reaulred not excee(Jin(+ £1.
Glengormley Amateur Boxlng Club Detailed Income and Expenditure Account For The Year Ended 30 November 2024 2024 2023 TURNOVER Members subscriotlons Club show Income Other grants recelved Oeoarttllent of forelan affairs orant Grant for club development costs 5,560 1.500 7,738 4.860 9,500 8.716 21.198 21,198 21.741 21,741 GROSS SURPLUS Admlnlstratlve ExDense Light and heat Water rates Affillations lees Pro am exps Insurance Communlty based schemes Senlor Fltness class expenses Accountancy fees Hotels ènd travtl Consultancy fees Bank charges Club tracksults and sp?rtswear Depreciation of fixtures ai)d fiifings Depreciatlon of freehold land and property Amortlsatlon 1,566 486 1,232 1.239 432 2,000 1,207 1,853 623 500 1,213 2,160 Gl 890 579 5,281 18,453) 413 834 1,376 3,460 500 3,142 2.100 147 600 5,281 {4,116} 481 iullGry expenses 116,405) {11,230) OPEftANG SURPLUS 4,793 10,511 Interest payable and $lmllJr char9e$ Credlt card charges Foreign exchange char9es 25 25 44 125) {69} SURPLUS FOR THE FINAf4ciAL YEAR 4,768 10,442 Pè9e 8