Sheffield Transport Sports Club Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 02633142 (England and Wales)

Unaudited Financial Statements for the Year Ended 30 September 2021

for

Sheffield Transport Sports Club Limited

Page

Company Information

1

Chartered Accountants' Report

2

Balance Sheet

3

Notes to the Financial Statements

5

DIRECTORS:

R K Wilkin

T A Frow

E C Wilson

R J Morley

P J Donohoe

J R Harrison

H Mitchell

R Tims

SECRETARY:

T A Frow

REGISTERED OFFICE:

Greenhill Main Road

Sheffield

South Yorkshire

S8 7RH

REGISTERED NUMBER:

02633142 (England and Wales)

ACCOUNTANTS:

Landin Wilcock & Co

Chartered Accountants

68 Queen Street

Sheffield

South Yorkshire

S1 1WR

BANKERS:

Santander UK plc

Bridle Road

Bootle

Merseyside

L30 4GB

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Directors' Report are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Sheffield Transport Sports Club Limited for the year ended 30 September 2021 which comprise the Income Statement, Other Comprehensive Income, Balance Sheet, Statement of Changes in Equity and the related notes 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 within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Sheffield Transport Sports Club Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Sheffield Transport Sports Club Limited and state those matters that we have agreed to state to the Board of Directors of Sheffield Transport Sports Club Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Sheffield Transport Sports Club Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Sheffield Transport Sports Club Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Sheffield Transport Sports Club Limited. You consider that Sheffield Transport Sports Club 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 financial statements of Sheffield Transport Sports Club 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 financial statements.

Landin Wilcock & Co

Chartered Accountants

68 Queen Street

Sheffield

South Yorkshire

S1 1WR

29 June 2022

FIXED ASSETS

Tangible assets

4

4,900

6,534

CURRENT ASSETS

Stocks

3,136

2,664

Debtors

5

270

2,722

Cash at bank and in hand

65,010

57,512

68,416

62,898

CREDITORS

Amounts falling due within one year

6

(15,679

)

(29,672

)

NET CURRENT ASSETS

52,737

33,226

TOTAL ASSETS LESS CURRENT LIABILITIES

57,637

39,760

CREDITORS

Amounts falling due after more than one year

7

(27,600

)

(36,000

)

NET ASSETS

30,037

3,760

RESERVES

Income and expenditure account

30,037

3,760

30,037

3,760

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2021 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 29 June 2022 and were signed on its behalf by:

T A Frow - Director

1.	STATUTORY INFORMATION

Sheffield Transport Sports 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.	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 the cost less estimated residual value of each asset over its estimated useful life.

Long leasehold

-

10% on cost

Plant and machinery

-

25% on reducing balance

Government grants

Grants which are received by the company for compensation for expenses or losses are recognised in the same period as the related expenditure.

Stocks

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

Financial instruments

Financial assets and financial liabilities are recognised when the company becomes party to the contractual provisions of the instrument. Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the asset of the company after deducting all of its liabilities.

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.

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.

Going concern

The Covid-19 pandemic is an unprecedented situation and while the reduction in activity associated with Covid-19 could be sharp and large, it is likely to rebound sharply when social distancing measures are lifted. In addition, in the intervening period, while activity is disrupted, substantial and substantive government and central bank measures have been put in place in the UK and internationally to support businesses and households. The measures, which have been evolving rapidly and could evolve further, are expected to remain in place throughout the period of disruption.

With the support of existing lenders and creditors and the steps the directors have taken with the light of the above the directors considers the company to be a going concern.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 8 (2020 - 8 ) .

4.	TANGIBLE FIXED ASSETS

Long

Plant and

leasehold

machinery

Totals

£

£

£

COST

At 1 October 2020

and 30 September 2021

189,269

174,736

364,005

DEPRECIATION

At 1 October 2020

189,269

168,202

357,471

Charge for year

-

1,634

1,634

At 30 September 2021

189,269

169,836

359,105

NET BOOK VALUE

At 30 September 2021

-

4,900

4,900

At 30 September 2020

-

6,534

6,534

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30/9/21

30/9/20

£

£

Trade debtors

-

2,644

Other debtors

270

78

270

2,722

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30/9/21

30/9/20

£

£

Bank loans and overdrafts

7,200

-

Trade creditors

-

6,601

Taxation and social security

1,689

1,766

Other creditors

6,790

21,305

15,679

29,672

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

30/9/21

30/9/20

£

£

Bank loans

27,600

36,000

8.	RELATED PARTY DISCLOSURES

The director has agreed to write off the outstanding balance owing to themselves in order to fund the purchase of a defibrillator for the benefit of the sports club.

9.

BANK LOAN

The bank loan is not secured as it is guaranteed by the government as part of the Bounce Back Loan Scheme.