Club Cricket Conference Limited - Period Ending 2019-10-31
Club Cricket Conference Limited - Period Ending 2019-10-31
Registration number:
Club Cricket Conference Limited
(A company limited by guarantee)
for the Year Ended 31 October 2019
Chartered Accountants
Cawley Priory
South Pallant
Chichester
West Sussex
PO19 1SY
Club Cricket Conference Limited
Contents
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Company Information |
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Directors' Report |
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Accountants' Report |
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Profit and Loss Account |
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Balance Sheet |
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Statement of Changes in Equity |
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Notes to the Unaudited Financial Statements |
Club Cricket Conference Limited
Company Information
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Chairman |
Mr R Book |
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Directors |
Mr S Burge Mr D Collier Mr P George Mr R Hindley Mr C Lewis Mrs P Osborn Mr D Patel Mr S Prodger Mr C Puckett Mr L Skinner |
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Company secretary |
Mr S Prodger |
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Registered office |
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Accountants |
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Page 1 |
Club Cricket Conference Limited
Directors' Report for the Year Ended 31 October 2019
The directors present their report and the financial statements for the year ended 31 October 2019.
Directors of the company
The directors who held office during the year were as follows:
Principal activity
The principal activity of the company is the administration of a fixture bureau
Small companies provision statement
This report has been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.
Approved by the
.........................................
Director
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Page 2 |
Chartered Accountants' Report to the Board of Directors on the Preparation of the Unaudited Statutory Accounts of
Club Cricket Conference Limited
for the Year Ended 31 October 2019
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Club Cricket Conference Limited for the year ended 31 October 2019 as set out on pages 4 to 10 from the company's accounting records and from information and explanations you have given us.
As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at
http://www.icaew.com/en/members/regulations-standards-and-guidance/.
This report is made solely to the Board of Directors of Club Cricket Conference Limited, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of Club Cricket Conference Limited and state those matters that we have agreed to state to the Board of Directors of Club Cricket Conference Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Club Cricket Conference Limited and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that Club Cricket Conference Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Club Cricket Conference Limited. You consider that Club Cricket Conference Limited is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of Club Cricket Conference Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.
......................................
Chartered Accountants
South Pallant
Chichester
West Sussex
PO19 1SY
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Page 3 |
Club Cricket Conference Limited
Profit and Loss Account for the Year Ended 31 October 2019
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Note |
2019 |
2018 |
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Turnover |
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Cost of sales |
( |
( |
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Gross surplus |
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Administrative expenses |
( |
( |
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Operating surplus/(deficit) |
5,434 |
(24,392) |
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Other interest receivable and similar income |
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Surplus/(deficit) before tax |
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( |
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Taxation |
- |
( |
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Surplus/(deficit) for the financial year |
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( |
The above results were derived from continuing operations.
The company has no recognised gains or losses for the year other than the results above.
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Page 4 |
Club Cricket Conference Limited
(Registration number: 08356833)
Balance Sheet as at 31 October 2019
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Note |
2019 |
2018 |
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Fixed assets |
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Tangible assets |
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Current assets |
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Stocks |
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Debtors |
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Cash at bank and in hand |
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Creditors: Amounts falling due within one year |
( |
( |
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Net current assets |
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Total assets less current liabilities |
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Creditors: Amounts falling due after more than one year |
( |
( |
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Net liabilities |
( |
( |
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Capital and reserves |
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Other reserves |
45,594 |
45,594 |
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Profit and loss account |
(60,034) |
(65,469) |
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Total equity |
(14,440) |
(19,875) |
For the financial year ending 31 October 2019 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
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• |
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• |
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts. |
These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.
Approved and authorised by the
.........................................
Chairman
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Page 5 |
Club Cricket Conference Limited
Statement of Changes in Equity for the Year Ended 31 October 2019
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Other reserves |
Profit and loss account |
Total |
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At 1 November 2018 |
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( |
( |
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Surplus for the year |
- |
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Total comprehensive income |
- |
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At 31 October 2019 |
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( |
( |
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Other reserves |
Profit and loss account |
Total |
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At 1 November 2017 |
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( |
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Deficit for the year |
- |
( |
( |
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Other comprehensive income |
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- |
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Total comprehensive income |
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( |
( |
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At 31 October 2018 |
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( |
( |
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Page 6 |
Club Cricket Conference Limited
Notes to the Unaudited Financial Statements for the Year Ended 31 October 2019
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General information |
The company is a private company limited by guarantee, incorporated in England (company number 08356833), and consequently does not have share capital. Each of the members is liable to contribute an amount not exceeding £1 towards the assets of the company in the event of liquidation.
The address of its registered office is:
These financial statements were authorised for issue by the
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Accounting policies |
Summary of significant accounting policies and key accounting estimates
The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.
Statement of compliance
These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.
Basis of preparation
These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.
These financial statements are presented in sterling which is the functional currency of the company and rounded to the nearest £.
Revenue recognition
Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.
The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.
Tax
The tax expense for the period comprises tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.
The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.
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Page 7 |
Club Cricket Conference Limited
Notes to the Unaudited Financial Statements for the Year Ended 31 October 2019
Tangible assets
Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.
Depreciation
Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:
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Asset class |
Depreciation method and rate |
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Furniture, fittings and equipment |
5 years straight line |
Cash and cash equivalents
Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.
Trade debtors
Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.
Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.
Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.
At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.
Trade creditors
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.
Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.
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Staff numbers |
The average number of persons employed by the company (including directors) during the year, was
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Page 8 |
Club Cricket Conference Limited
Notes to the Unaudited Financial Statements for the Year Ended 31 October 2019
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Tangible assets |
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Furniture, fittings and equipment |
Total |
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Cost or valuation |
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At 1 November 2018 |
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At 31 October 2019 |
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Depreciation |
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At 1 November 2018 |
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Charge for the year |
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At 31 October 2019 |
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Carrying amount |
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At 31 October 2019 |
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At 31 October 2018 |
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Stocks |
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2019 |
2018 |
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Other inventories |
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Debtors |
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2019 |
2018 |
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Trade debtors |
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Other debtors |
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Creditors |
Creditors: amounts falling due within one year
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2019 |
2018 |
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Due within one year |
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Taxation and social security |
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Accruals and deferred income |
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Page 9 |
Club Cricket Conference Limited
Notes to the Unaudited Financial Statements for the Year Ended 31 October 2019
Creditors: amounts falling due after more than one year
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2019 |
2018 |
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Due after one year |
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Other non-current financial liabilities |
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Page 10 |