Lostock Sports Club Ltd. - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 06677721 (England and Wales)

FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2019

FOR

LOSTOCK SPORTS CLUB LTD.

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

N Flanagan

C N Greenhalgh

P Knowles

R M Lucas

P Syddall

REGISTERED OFFICE:

Grafton House

81 Chorley Old Road

Bolton

Lancashire

BL1 3AJ

REGISTERED NUMBER:

06677721 (England and Wales)

ACCOUNTANTS:

P B Syddall & Co

Chartered Accountants

Grafton House

81 Chorley Old Road

Bolton

Lancashire

BL1 3AJ

FIXED ASSETS

Tangible assets

5

67,787

70,715

CURRENT ASSETS

Stocks

1,221

849

Cash at bank

11,205

4,563

12,426

5,412

CREDITORS

Amounts falling due within one year

6

(24

)

-

NET CURRENT ASSETS

12,450

5,412

TOTAL ASSETS LESS CURRENT LIABILITIES

80,237

76,127

RESERVES

Income and expenditure account

80,237

76,127

80,237

76,127

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 17 August 2020 and were signed on its behalf by:

R M Lucas - Director

C N Greenhalgh - Director

1.	STATUTORY INFORMATION

Lostock Sports 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.

The presentation currency of the financial statements is the Pound Sterling (£).

2.	STATEMENT OF COMPLIANCE

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.

3.	ACCOUNTING POLICIES

Basis of preparing the financial statements

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

-

10% on cost

Fixtures and fittings

-

15% on cost

Sports equipment

-

10% on cost

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow

moving items.

Taxation

Lostock Sports Club Ltd. does not seek to make a profit and any surplus is used for the members benefit.

4.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 9 (2018 - 7 ) .

5.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Sports

machinery

fittings

equipment

Totals

£

£

£

£

COST

At 1 January 2019

33,800

13,250

43,000

90,050

Additions

5,400

-

5,200

10,600

Disposals

(4,400

)

-

-

(4,400

)

At 31 December 2019

34,800

13,250

48,200

96,250

DEPRECIATION

At 1 January 2019

6,760

3,975

8,600

19,335

Charge for year

3,320

1,988

4,700

10,008

Eliminated on disposal

(880

)

-

-

(880

)

At 31 December 2019

9,200

5,963

13,300

28,463

NET BOOK VALUE

At 31 December 2019

25,600

7,287

34,900

67,787

At 31 December 2018

27,040

9,275

34,400

70,715

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2019

2018

£

£

Social security and other taxes

(43

)

-

Accruals and deferred income

19

-

(24

)

-