GMP Sports & Social Club Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 02479850 (England and Wales)

FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2020

FOR

GREATER MANCHESTER POLICE SPORTS &

SOCIAL CLUB LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

I J Randall

D Loughlin

M Montrose

Ms S M Downey

K McGill

REGISTERED OFFICE:

Hough End Centre

Mauldeth Road West

Chorlton

Manchester

M21 7SX

REGISTERED NUMBER:

02479850 (England and Wales)

ACCOUNTANTS:

P B Syddall & Co

Chartered Accountants

Grafton House

81 Chorley Old Road

Bolton

Lancashire

BL1 3AJ

BANKERS:

National Westminster Bank plc

437 Wilmslow Road

Withington

Manchester

M20 9AJ

FIXED ASSETS

Tangible assets

5

238,054

264,504

CURRENT ASSETS

Stocks

8,361

7,529

Debtors

6

19,522

30,020

Cash at bank and in hand

31,876

41,883

59,759

79,432

CREDITORS

Amounts falling due within one year

7

42,788

72,256

NET CURRENT ASSETS

16,971

7,176

TOTAL ASSETS LESS CURRENT LIABILITIES

255,025

271,680

RESERVES

Income and expenditure account

255,025

271,680

255,025

271,680

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2020.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2020 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 8 October 2020 and were signed on its behalf by:

Ms S M Downey - Director

1.	STATUTORY INFORMATION

Greater Manchester Police Sports & Social Club 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.

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.

Building alterations

-

10% on reducing balance

Equipment

-

10% on reducing balance

Fixtures and fittings

-

10% on reducing balance

Stocks

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

Taxation

Taxation for the year 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 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.

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.

4.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 31 (2019 - 30 ) .

5.	TANGIBLE FIXED ASSETS

Fixtures

Building

and

alterations

Equipment

fittings

Totals

£

£

£

£

COST

At 1 April 2019

and 31 March 2020

1,420,686

151,090

420,518

1,992,294

DEPRECIATION

At 1 April 2019

1,260,739

120,636

346,415

1,727,790

Charge for year

15,994

3,046

7,410

26,450

At 31 March 2020

1,276,733

123,682

353,825

1,754,240

NET BOOK VALUE

At 31 March 2020

143,953

27,408

66,693

238,054

At 31 March 2019

159,947

30,454

74,103

264,504

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2020

2019

£

£

Trade debtors

13,443

20,875

Prepayments and accrued income

6,079

9,145

19,522

30,020

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2020

2019

£

£

Trade creditors

15,890

33,314

Social security and other taxes

3,227

6,200

VAT

2,294

5,098

Other creditors

12,913

14,476

Accruals and deferred income

8,464

13,168

42,788

72,256

8.	RELATED PARTY DISCLOSURES

There were no related party transactions during the current or preceding year.