CBFC Football in the Community - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 08233438 (England and Wales)

Colwyn Bay Football Club Football In The

Community

Unaudited Financial Statements

for the period

1 October 2017 to 31 December 2018

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

Mr A K Keep

Mr W Murray

SECRETARY:

Mr A K Keep

REGISTERED OFFICE:

The Stadium

Llanelian Road

Old Colwyn

Colywn Bay

Conwy

LL29 8UN

REGISTERED NUMBER:

08233438 (England and Wales)

ACCOUNTANTS:

Salisbury & Company

Chartered Accountants

Irish Square

Upper Denbigh Road

St Asaph

Denbighshire

LL17 0RN

FIXED ASSETS

Tangible assets

3

-

562

CURRENT ASSETS

Debtors

4

-

95

Cash at bank

37

3,267

37

3,362

CREDITORS

Amounts falling due within one year

5

-

14,392

NET CURRENT ASSETS/(LIABILITIES)

37

(11,030

)

TOTAL ASSETS LESS CURRENT LIABILITIES

37

(10,468

)

RESERVES

Income and expenditure account

6

37

(10,468

)

37

(10,468

)

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

The members have not required the company to obtain an audit of its financial statements for the period ended 31 December 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 surplus or deficit 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 15 March 2019 and were signed on its behalf by:

Mr A K Keep - Director

1.	STATUTORY INFORMATION

Colwyn Bay Football Club Football In The Community is a private company, limited by guarantee , 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.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates,

value added tax and other sales taxes.

Tangible fixed assets

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

Plant and machinery etc

-

33% on reducing balance and 25% on reducing balance

Taxation

Taxation for the period 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 period 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.

3.	TANGIBLE FIXED ASSETS

Fixtures

and

Computer

fittings

equipment

Totals

£

£

£

COST

At 1 October 2017

and 31 December 2018

1,289

544

1,833

DEPRECIATION

At 1 October 2017

881

390

1,271

Charge for period

408

154

562

At 31 December 2018

1,289

544

1,833

NET BOOK VALUE

At 31 December 2018

-

-

-

At 30 September 2017

408

154

562

4.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2018

2017

£

£

Prepayments

-

95

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2018

2017

£

£

Directors' current accounts

-

13,672

Accrued expenses

-

720

-

14,392

6.

RESERVES

Income

and

expenditure

account

£

At 1 October 2017

(10,468

)

Surplus for the period

10,505

At 31 December 2018

37

7.	LIMITED BY GUARANTEE

Every member of the Company guarantees to pay up to £1 (one pound) towards any costs of dissolution and

any liabilities incurred by the Company whilst they were a member. The guarantee extends to a period of one

year after ceasing membership.

As at 31 December 2018 there were two members providing a guarantee.