Dover Athletic Football Club Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 01747066 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MAY 2021

FOR

DOVER ATHLETIC FOOTBALL CLUB LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

T J Parmenter

F E D Clarke

N A Cook

S J Parmenter

SECRETARY:

F E D Clarke

REGISTERED OFFICE:

Crabble Athletic Ground

Lewisham Road

River

DOVER

Kent

CT17 0PA

REGISTERED NUMBER:

01747066 (England and Wales)

ACCOUNTANTS:

McCabe Ford Williams

Chartered Accountants

Charlton House

Dour Street

DOVER

Kent

CT16 1BL

FIXED ASSETS

Tangible assets

4

1,558,727

1,624,832

CURRENT ASSETS

Stocks

3,009

6,058

Debtors

5

5,379

43,098

Cash at bank and in hand

22,355

108,552

30,743

157,708

CREDITORS

Amounts falling due within one year

6

139,984

425,044

NET CURRENT LIABILITIES

(109,241

)

(267,336

)

TOTAL ASSETS LESS CURRENT LIABILITIES

1,449,486

1,357,496

CREDITORS

Amounts falling due after more than one year

7

306,390

323,410

NET ASSETS

1,143,096

1,034,086

CAPITAL AND RESERVES

Called up share capital

8

3,082,140

3,082,140

Share premium

8,400

8,400

Retained earnings

(1,947,444

)

(2,056,454

)

SHAREHOLDERS' FUNDS

1,143,096

1,034,086

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2021.

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

The financial statements were approved by the Board of Directors and authorised for issue on 16 February 2022 and were signed on its behalf by:

T J Parmenter - Director

1.	STATUTORY INFORMATION

Dover Athletic Football Club Limited 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.

The financial statements are presented in sterling which is the functional currency of the company.

Turnover

Turnover represents the total income of the Club including only the profit element of lottery and gaming promotions. The proceeds, prizes and expenses of lotteries are included only in respect of those lotteries which have closing or draw dates falling within the accounting period. Income from ground advertising, promotions and season tickets is recognised in the playing season to which it relates.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Improvements to property

-

Over the period of the lease

Plant & machinery

-

15% on reducing balance

Stocks

Stocks are estimated by the directors at the lower of cost and net realisable value.

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.

Grants

Grants are credited to deferred revenue. Grants towards capital expenditure are released to the profit and loss account as income over the expected useful life of the assets. Grants towards revenue expenditure are released to the profit and loss account as the related expenditure is incurred.

A grant that becomes receivable as compensation for expenses or losses already incurred or for the purpose of giving immediate financial support to the company with no future related costs is recognised in income in the period in which it becomes receivable.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 45 (2020 - 56 ) .

4.	TANGIBLE FIXED ASSETS

Improvements

to

Plant &

property

machinery

Totals

£

£

£

COST

At 1 June 2020

and 31 May 2021

1,882,401

223,295

2,105,696

DEPRECIATION

At 1 June 2020

367,294

113,570

480,864

Charge for year

49,646

16,459

66,105

At 31 May 2021

416,940

130,029

546,969

NET BOOK VALUE

At 31 May 2021

1,465,461

93,266

1,558,727

At 31 May 2020

1,515,107

109,725

1,624,832

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2021

2020

£

£

Trade debtors

4,971

11,740

Other debtors

408

31,358

5,379

43,098

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2021

2020

£

£

Trade creditors

21,614

133,782

Other taxes and social security costs

36,683

112,769

Other creditors

52,282

161,473

Grants

17,020

17,020

Directors' current accounts

12,385

-

139,984

425,044

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2021

2020

£

£

Grants

306,390

323,410

Grants have been received towards the cost of certain ground improvements and are released over the remaining period of the lease of the ground. The grant is secured by a legal charge over the leasehold property of the company.

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2021

2020

value:

£

£

3,082,140

Ordinary

£1

3,082,140

3,082,140

9.	GOING CONCERN

10.	GOVERNMENT GRANTS