Dover Athletic Football Club Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 01747066 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MAY 2018

FOR

DOVER ATHLETIC FOOTBALL CLUB LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

T J Parmenter

C P Oakley

F E D Clarke

N A Cook

S J Parmenter

M R Jaenicke

S J Gretton

SECRETARY:

F E D Clarke

REGISTERED OFFICE:

Crabble Athletic Ground

Lewisham Road

River

DOVER

Kent

CT17 0PA

REGISTERED NUMBER:

01747066 (England and Wales)

ACCOUNTANTS:

McCabe Ford Williams

Chartered Accountants

Charlton House

Dour Street

DOVER

Kent

CT16 1BL

FIXED ASSETS

Tangible assets

4

1,766,100

1,580,650

CURRENT ASSETS

Stocks

5,504

5,186

Debtors

5

21,122

30,000

Cash at bank and in hand

36,044

109,206

62,670

144,392

CREDITORS

Amounts falling due within one year

6

548,840

722,370

NET CURRENT LIABILITIES

(486,170

)

(577,978

)

TOTAL ASSETS LESS CURRENT LIABILITIES

1,279,930

1,002,672

CREDITORS

Amounts falling due after more than one year

7

357,450

374,470

NET ASSETS

922,480

628,202

CAPITAL AND RESERVES

Called up share capital

8

2,350,716

1,845,068

Share premium

8,400

8,400

Retained earnings

(1,436,636

)

(1,225,266

)

SHAREHOLDERS' FUNDS

922,480

628,202

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2018 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors on 11 February 2019 and were signed on its behalf by:

T J Parmenter - Director

1.	STATUTORY INFORMATION

Dover Athletic Football Club Limited is a private company, limited by shares , registered in England and Wales.

The company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

The financial statements are presented in sterling which is the functional currency of the company.

Turnover

Turnover represents the total income of the Club including only the profit element of lottery and gaming

promotions. The proceeds, prizes and expenses of lotteries are included only in respect of those lotteries which

have closing or draw dates falling within the accounting period. Income from ground advertising, promotions and

season tickets is recognised in the playing season to which it relates.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Improvements to property

-

Over the period of the lease

Plant & machinery

-

15% on reducing balance

Computer equipment

-

20% on reducing balance

Stocks

Stocks are estimated by the directors at the lower of cost and net realisable value.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to

the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or

substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance

sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from

those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that

have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the

timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they

will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension

scheme are charged to profit or loss in the period to which they relate.

Grants

Grants are credited to deferred revenue. Grants towards capital expenditure are released to the profit and loss

account as income over the expected useful life of the assets. Grants towards revenue expenditure are released to

the profit and loss account as the related expenditure is incurred.

3.

EMPLOYEES

The average number of employees during the year was 53 (2017 - 57 ) .

4.	TANGIBLE FIXED ASSETS

Improvements

to

Plant &

Computer

property

machinery

equipment

Totals

£

£

£

£

COST

At 1 June 2017

1,677,956

264,462

4,361

1,946,779

Additions

218,755

79,487

-

298,242

Disposals

(22,694

)

(120,654

)

(4,361

)

(147,709

)

At 31 May 2018

1,874,017

223,295

-

2,097,312

DEPRECIATION

At 1 June 2017

174,296

187,472

4,361

366,129

Charge for year

70,007

14,864

-

84,871

Eliminated on disposal

(4,368

)

(111,059

)

(4,361

)

(119,788

)

At 31 May 2018

239,935

91,277

-

331,212

NET BOOK VALUE

At 31 May 2018

1,634,082

132,018

-

1,766,100

At 31 May 2017

1,503,660

76,990

-

1,580,650

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2018

2017

£

£

Trade debtors

1,591

19,216

Other debtors

19,531

10,784

21,122

30,000

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2018

2017

£

£

Trade creditors

115,024

117,091

Other taxes and social security costs

6,660

19,137

Other creditors

410,136

569,122

Grants

17,020

17,020

548,840

722,370

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2018

2017

£

£

Grants

357,450

374,470

Grants have been received towards the cost of certain ground improvements and are released over the remaining

period of the lease of the ground. The grant is secured by a legal charge over the leasehold property of the

company.

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2018

2017

value:

£

£

2,350,716

Ordinary

£1

2,350,716

1,845,068

505,648 Ordinary shares of £1 each were issued at par during the year.

9.	GOING CONCERN