The Rover Sports Register Limited - Accounts to registrar (filleted) - small 18.2

THE ROVER SPORTS REGISTER LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2019

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

M J Maher

I Elliott

R N Bryant

M J Woollard

N J Dunning

M Hinman

J H Holford

P K Williams

C Cartmell

REGISTERED OFFICE:

Flat 8, Quebec Mansions

102 Filsham Road

St. Leonards-on-Sea

East Sussex

TN38 0PG

REGISTERED NUMBER:

01556970 (England and Wales)

ACCOUNTANTS:

Sibbalds Limited

Chartered Accountants and Business Advisers

Oakhurst House

57 Ashbourne Road

Derby

Derbyshire

DE22 3FS

FIXED ASSETS

Tangible assets

4

990

475

CURRENT ASSETS

Stocks

5

4,513

5,276

Debtors

6

4,864

1,017

Cash at bank and in hand

52,002

49,575

61,379

55,868

CREDITORS

Amounts falling due within one year

7

13,622

11,259

NET CURRENT ASSETS

47,757

44,609

TOTAL ASSETS LESS CURRENT LIABILITIES

48,747

45,084

RESERVES

Income and expenditure account

48,747

45,084

MEMBERS' FUNDS

48,747

45,084

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2019.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2019 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 applicable to companies subject to the small companies regime.

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

The financial statements were approved by the Board of Directors on 8 October 2019 and were signed on its behalf by:

M J Maher - Director

M Hinman - Director

1.	STATUTORY INFORMATION

The Rover Sports Register Limited 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.

Income from subscriptions

The amount shown is the amount receivable in the accounting period under review.

Tangible fixed assets

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

Equipment

-

25% on cost

Stocks

Stocks are valued at the lower of cost and net realisable value. Cost is determined on a "first in, first out" basis.

Because of the nature of the company, which exists to provide a service to members rather than to maximise

profit and turnover, stock may be held for several years. It is also often bought in bulk in order to achieve the

optimum size and price for an order.

As a result, the average period for which stock may be held before being sold is about three years. No

provisions for slow moving stock are made before this period has expired.

Taxation

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

Retained Earnings, 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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to surplus or deficit on a straight line basis over the period of

the lease.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2018 - NIL).

4.	TANGIBLE FIXED ASSETS

Computer

Equipment

equipment

Totals

£

£

£

COST

At 1 July 2018

4,919

2,172

7,091

Additions

898

-

898

At 30 June 2019

5,817

2,172

7,989

DEPRECIATION

At 1 July 2018

4,444

2,172

6,616

Charge for year

383

-

383

At 30 June 2019

4,827

2,172

6,999

NET BOOK VALUE

At 30 June 2019

990

-

990

At 30 June 2018

475

-

475

5.

STOCKS

2019

2018

£

£

Stocks

4,513

5,276

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2019

2018

£

£

Debtors and prepayments

4,864

1,017

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2019

2018

£

£

Creditors and accruals

13,622

11,259

8.	LIMITED BY GUARANTEE

The Rover Sports Register Limited is a company limited by guarantee and accordingly does not have a share

capital.

Every member of the company undertakes to contribute such amount as may be required not exceeding £1 to

the assets of the company in the event of its being wound up while he or she is a member, or within one year

after he or she ceases to be a member.