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

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


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REGISTERED NUMBER: 01747066 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MAY 2019

FOR

DOVER ATHLETIC FOOTBALL CLUB LIMITED

DOVER ATHLETIC FOOTBALL CLUB LIMITED (REGISTERED NUMBER: 01747066)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2019




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


DOVER ATHLETIC FOOTBALL CLUB LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MAY 2019







DIRECTORS: T J Parmenter
F E D Clarke
N A Cook
S J Parmenter
M R Jaenicke





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

DOVER ATHLETIC FOOTBALL CLUB LIMITED (REGISTERED NUMBER: 01747066)

BALANCE SHEET
31 MAY 2019

2019 2018
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,687,551 1,766,100

CURRENT ASSETS
Stocks 3,786 5,504
Debtors 5 17,262 21,122
Cash at bank and in hand 73,096 36,044
94,144 62,670
CREDITORS
Amounts falling due within one year 6 1,005,242 548,840
NET CURRENT LIABILITIES (911,098 ) (486,170 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

776,453

1,279,930

CREDITORS
Amounts falling due after more than one
year

7

340,430

357,450
NET ASSETS 436,023 922,480

CAPITAL AND RESERVES
Called up share capital 8 2,350,716 2,350,716
Share premium 8,400 8,400
Retained earnings (1,923,093 ) (1,436,636 )
SHAREHOLDERS' FUNDS 436,023 922,480

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2019.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 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 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.

DOVER ATHLETIC FOOTBALL CLUB LIMITED (REGISTERED NUMBER: 01747066)

BALANCE SHEET - continued
31 MAY 2019


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 26 February 2020 and were signed on its behalf
by:





T J Parmenter - Director


DOVER ATHLETIC FOOTBALL CLUB LIMITED (REGISTERED NUMBER: 01747066)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2019

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 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.

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

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 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.

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.

DOVER ATHLETIC FOOTBALL CLUB LIMITED (REGISTERED NUMBER: 01747066)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 2019

2. ACCOUNTING POLICIES - continued

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 AND DIRECTORS

The average number of employees during the year was 59 (2018 - 53 ) .

4. TANGIBLE FIXED ASSETS
Improvements
to Plant &
property machinery Totals
£    £    £   
COST
At 1 June 2018 1,874,017 223,295 2,097,312
Additions 8,384 - 8,384
At 31 May 2019 1,882,401 223,295 2,105,696
DEPRECIATION
At 1 June 2018 239,935 91,277 331,212
Charge for year 75,075 11,858 86,933
At 31 May 2019 315,010 103,135 418,145
NET BOOK VALUE
At 31 May 2019 1,567,391 120,160 1,687,551
At 31 May 2018 1,634,082 132,018 1,766,100

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2019 2018
£    £   
Trade debtors 4,027 1,591
Other debtors 13,235 19,531
17,262 21,122

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2019 2018
£    £   
Trade creditors 144,568 115,024
Other taxes and social security costs 40,660 6,660
Other creditors 254,870 410,136
Grants 17,020 17,020
Directors' current accounts 548,124 -
1,005,242 548,840

DOVER ATHLETIC FOOTBALL CLUB LIMITED (REGISTERED NUMBER: 01747066)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 2019

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2019 2018
£    £   
Grants 340,430 357,450

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 2019 2018
value: £    £   
2,350,716 Ordinary £1 2,350,716 2,350,716

9. GOING CONCERN

The financial statements have been prepared on a going concern basis. This basis is considered to be appropriate
as the company continues to receive the support of its directors.