Eastleigh Football Club Limited - Accounts to registrar (filleted) - small 18.2
Eastleigh Football Club Limited - Accounts to registrar (filleted) - small 18.2
| REGISTERED NUMBER: |
| UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 MAY 2021 |
| FOR |
| EASTLEIGH FOOTBALL CLUB LIMITED |
| EASTLEIGH FOOTBALL CLUB LIMITED (REGISTERED NUMBER: 05488155) |
| CONTENTS OF THE FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 30 MAY 2021 |
| Page |
| Company Information | 1 |
| Balance Sheet | 2 |
| Notes to the Financial Statements | 4 |
| EASTLEIGH FOOTBALL CLUB LIMITED |
| COMPANY INFORMATION |
| FOR THE YEAR ENDED 30 MAY 2021 |
| DIRECTORS: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| Jamesons House |
| Compton Way |
| Witney |
| OX28 3AB |
| EASTLEIGH FOOTBALL CLUB LIMITED (REGISTERED NUMBER: 05488155) |
| BALANCE SHEET |
| 30 MAY 2021 |
| 2021 | 2020 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Tangible assets | 4 |
| CURRENT ASSETS |
| Stocks |
| Debtors | 5 |
| Cash at bank and in hand |
| CREDITORS |
| Amounts falling due within one year | 6 |
| NET CURRENT LIABILITIES | ( |
) | ( |
) |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| CREDITORS |
| Amounts falling due after more than one year |
7 |
| NET ASSETS |
| CAPITAL AND RESERVES |
| Called up share capital | 8 |
| Retained earnings | ( |
) | ( |
) |
| SHAREHOLDERS' FUNDS |
| 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. |
| EASTLEIGH FOOTBALL CLUB LIMITED (REGISTERED NUMBER: 05488155) |
| BALANCE SHEET - continued |
| 30 MAY 2021 |
| 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 |
| EASTLEIGH FOOTBALL CLUB LIMITED (REGISTERED NUMBER: 05488155) |
| NOTES TO THE FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 30 MAY 2021 |
| 1. | STATUTORY INFORMATION |
| Eastleigh Football Club Limited is a |
| 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 on a going concern basis even though the company has net current liabilities at 31 May 2021 of £527,079 (2020 - £620,555). |
| The validity of the going concern principle is dependant upon the company beginning to breakeven and have the continued support of the company's creditors. |
| If the company was unable to continue trading, adjustments would have to be made to reduce the balance sheet value of the assets to their recoverable amounts, reclassify fixed assets as current assets and to provide for further liabilities that might arise. |
| Turnover |
| Turnover comprises the net invoiced sales during the year, excluding value added tax. |
| Sales relating to car park rentals, sponsorship and season tickets for future periods are not recognised in the year and are included in deferred income in the balance sheet. |
| Tangible fixed assets |
| All weather pitch | - |
| Stands and covered accommodation | - |
| Car parks, fencing & lighting | - |
| Plant and machinery | - |
| Fixtures and fittings | - |
| Government grants |
| Government grants are recognised using the accrual model. |
| 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. |
| EASTLEIGH FOOTBALL CLUB LIMITED (REGISTERED NUMBER: 05488155) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| FOR THE YEAR ENDED 30 MAY 2021 |
| 2. | ACCOUNTING POLICIES - continued |
| 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. |
| 3. | EMPLOYEES AND DIRECTORS |
| The average number of employees during the year was |
| 4. | TANGIBLE FIXED ASSETS |
| Stands | Car |
| All | and | parks, |
| weather | covered | fencing & |
| pitch | accommodation | lighting |
| £ | £ | £ |
| COST |
| At 31 May 2020 |
| Additions |
| At 30 May 2021 |
| DEPRECIATION |
| At 31 May 2020 |
| Charge for year |
| At 30 May 2021 |
| NET BOOK VALUE |
| At 30 May 2021 |
| At 30 May 2020 |
| EASTLEIGH FOOTBALL CLUB LIMITED (REGISTERED NUMBER: 05488155) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| FOR THE YEAR ENDED 30 MAY 2021 |
| 4. | TANGIBLE FIXED ASSETS - continued |
| Fixtures |
| Plant and | and | Computer |
| machinery | fittings | equipment | Totals |
| £ | £ | £ | £ |
| COST |
| At 31 May 2020 |
| Additions |
| At 30 May 2021 |
| DEPRECIATION |
| At 31 May 2020 |
| Charge for year |
| At 30 May 2021 |
| NET BOOK VALUE |
| At 30 May 2021 |
| At 30 May 2020 |
| 5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2021 | 2020 |
| £ | £ |
| Trade debtors |
| Other debtors |
| 6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2021 | 2020 |
| £ | £ |
| Trade creditors |
| Taxation and social security |
| Other creditors |
| 7. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
| 2021 | 2020 |
| £ | £ |
| Bank loans |
| Amounts falling due in more than five years: |
| Repayable by instalments |
| Bank loans more 5 yr by instal | 240,000 | - |
| EASTLEIGH FOOTBALL CLUB LIMITED (REGISTERED NUMBER: 05488155) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| FOR THE YEAR ENDED 30 MAY 2021 |
| 8. | CALLED UP SHARE CAPITAL |
| Allotted, issued and fully paid: |
| Number: | Class: | Nominal | 2021 | 2020 |
| value: | £ | £ |
| Ordinary A | £1 | 10,000,000 | 10,000,000 |