Burgess Hill Rugby Football Club Ltd - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 08684284 (England and Wales)

Unaudited Financial Statements

for the Year Ended 29 February 2020

for

Burgess Hill Rugby Football Club Ltd

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTORS:

Mrs L Skelhorn

S T Lashley

SECRETARY:

Mrs L Skelhorn

REGISTERED OFFICE:

6 Aphrodite Way

The Croft

Burgess Hill

West Sussex

RH15 0XQ

REGISTERED NUMBER:

08684284 (England and Wales)

ACCOUNTANTS:

Sigma Partners

Gloucester House

Church Walk

Burgess Hill

West Sussex

RH15 9AS

FIXED ASSETS

Tangible assets

4

33,131

36,367

CURRENT ASSETS

Stocks

3,532

4,856

Debtors

5

514

1,771

Cash at bank and in hand

21,511

5,997

25,557

12,624

CREDITORS

Amounts falling due within one year

6

2,029

1,690

NET CURRENT ASSETS

23,528

10,934

TOTAL ASSETS LESS CURRENT LIABILITIES

56,659

47,301

RESERVES

Retained earnings

56,659

47,301

56,659

47,301

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 February 2020.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 February 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 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.

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 and authorised for issue on 4 December 2020 and were signed on its behalf by:

S T Lashley - Director

Mrs L Skelhorn - Director

1.	STATUTORY INFORMATION

Burgess Hill Rugby Football Club Ltd 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.

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.

Freehold property

-

10% on reducing balance

Improvements to property

-

10% on cost

Plant and machinery

-

20% 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 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 statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

3.	EMPLOYEES AND DIRECTORS

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

4.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

COST

At 1 March 2019

10,758

37,202

47,960

Additions

-

2,034

2,034

At 29 February 2020

10,758

39,236

49,994

DEPRECIATION

At 1 March 2019

2,044

9,549

11,593

Charge for year

871

4,399

5,270

At 29 February 2020

2,915

13,948

16,863

NET BOOK VALUE

At 29 February 2020

7,843

25,288

33,131

At 28 February 2019

8,714

27,653

36,367

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

29.2.20

28.2.19

£

£

Other debtors

514

1,771

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

29.2.20

28.2.19

£

£

Trade creditors

1,191

1,490

Other creditors

838

200

2,029

1,690