Frickley Athletic Football Club Ltd - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 04932518 (England and Wales)

Unaudited Financial Statements

for the Period

1 June 2017 to 30 November 2018

for

FRICKLEY ATHLETIC FOOTBALL CLUB LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

M A Ainge

B Johnson

P J Mccroakam

R Mcknight

Ms P J Wall

S Highfield

A Mears

REGISTERED OFFICE:

Westfield Lane Ground

South Elmsall

Pontefract

West Yorkshire

WF9 2EQ

REGISTERED NUMBER:

04932518 (England and Wales)

ACCOUNTANTS:

Brown McLeod Limited

Chartered Accountants

51 Clarkegrove Road

Sheffield

South Yorkshire

S10 2NH

FIXED ASSETS

Tangible assets

4

693,219

656,305

CURRENT ASSETS

Debtors

5

7,238

11,026

Cash in hand

725

1,207

7,963

12,233

CREDITORS

Amounts falling due within one year

6

558,793

130,846

NET CURRENT LIABILITIES

(550,830

)

(118,613

)

TOTAL ASSETS LESS CURRENT LIABILITIES

142,389

537,692

CREDITORS

Amounts falling due after more than one year

7

-

(636,400

)

PROVISIONS FOR LIABILITIES

(359,040

)

-

NET LIABILITIES

(216,651

)

(98,708

)

RESERVES

Income and expenditure account

(216,651

)

(98,708

)

(216,651

)

(98,708

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 30 November 2018.

The members have not required the company to obtain an audit of its financial statements for the period ended 30 November 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 July 2019 and were signed on its behalf by:

P J Mccroakam - Director

1.	STATUTORY INFORMATION

Frickley Athletic Football Club Ltd 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 Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" 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.

Land and buildings

-

2% on cost

Plant and machinery etc

-

20% 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.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the period was 23 (2017 - 15 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

COST

At 1 June 2017

653,944

6,490

660,434

Additions

50,200

1,656

51,856

At 30 November 2018

704,144

8,146

712,290

DEPRECIATION

At 1 June 2017

-

4,129

4,129

Charge for period

14,083

859

14,942

At 30 November 2018

14,083

4,988

19,071

NET BOOK VALUE

At 30 November 2018

690,061

3,158

693,219

At 31 May 2017

653,944

2,361

656,305

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.11.18

31.5.17

£

£

Trade debtors

-

3,087

Other debtors

7,238

7,939

7,238

11,026

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.11.18

31.5.17

£

£

Bank loans and overdrafts

17,977

5,866

Trade creditors

83,057

64,975

Taxation and social security

3,986

-

Other creditors

453,773

60,005

558,793

130,846

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

30.11.18

31.5.17

£

£

Redevelopment grants and

donations

-

636,400

-

636,400

8.	OTHER FINANCIAL COMMITMENTS

Fixed Assets include the total value of funding received from external grant funding for the construction of the

Frickley Pavilion.

The Football Association (Football Foundation) holds a legal charge on the Frickley Pavilion to ensure the

covenants relating to use are adhered to and that grants would be repayable should the building cased to be used

for that purpose. The value of the charge is £358,440. All other grant funding is now free of repayment

liabilities.