Tynemouth Sailing Club - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 11206739 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 March 2022

for

Tynemouth Sailing Club

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

Report of the Accountants

6

DIRECTORS:

N Batchelor

C Mayes

M A Ovington

N Schofield

M J Shipway

H Steavenson

REGISTERED OFFICE:

31 Tanners Bank

North Shields

NE30 1JH

REGISTERED NUMBER:

11206739 (England and Wales)

ACCOUNTANTS:

AWS Accountancy Limited

3 Berrymoor Court

Northumberland Business Park

Cramlington

Northumberland

NE23 7RZ

FIXED ASSETS

Tangible assets

4

8,183

12,136

CURRENT ASSETS

Stocks

2,046

1,584

Debtors

5

6,148

5,473

Cash at bank and in hand

76,017

58,776

84,211

65,833

CREDITORS

Amounts falling due within one year

6

7,231

3,964

NET CURRENT ASSETS

76,980

61,869

TOTAL ASSETS LESS CURRENT LIABILITIES

85,163

74,005

RESERVES

Income and expenditure account

85,163

74,005

85,163

74,005

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2022 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 12 October 2022 and were signed on its behalf by:

C Mayes - Director

N Batchelor - Director

1.	STATUTORY INFORMATION

Tynemouth Sailing Club 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 each asset over its estimated useful life.

Rescue Boats

-

20% on cost and 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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2021 - NIL).

4.	TANGIBLE FIXED ASSETS

Rescue

Boats

£

COST

At 1 April 2021

and 31 March 2022

22,311

DEPRECIATION

At 1 April 2021

10,175

Charge for year

3,953

At 31 March 2022

14,128

NET BOOK VALUE

At 31 March 2022

8,183

At 31 March 2021

12,136

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2022

2021

£

£

Prepayments

6,148

5,473

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2022

2021

£

£

Tax

3,512

1,744

Paypal

5

-

Deferred income

2,339

1,340

Accrued expenses

1,375

880

7,231

3,964

7.

STATUS

The Company is limited by Guarantee by not having Share Capital. All income and property of the club shall be applied solely in promoting the objects of the club.

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 Report of the Directors are not required to be filed with the Registrar of Companies.

As described on the Balance Sheet you are responsible for the preparation of the financial statements for the year ended 31 March 2022 set out on pages one to five and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.

AWS Accountancy Limited

3 Berrymoor Court

Northumberland Business Park

Cramlington

Northumberland

NE23 7RZ

12 October 2022