Accounts filed on 31-12-2020

Accounts filed on 31-12-2020

AYLESBURY SPORTS COMPANY,LIMITED(THE) - Company Information

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Registered number: 00161144
AYLESBURY SPORTS COMPANY, LIMITED(THE)
ACCOUNTS
FOR THE YEAR ENDED 31/12/2020
Prepared By:
David Griffiths & Co
3 Church Street
Aylesbury
Bucks
HP20 2QP
AYLESBURY SPORTS COMPANY, LIMITED(THE)
ACCOUNTS
FOR THE YEAR ENDED 31/12/2020
DIRECTORS
M W Francis
W J S McCunn
R W Murphy
D K Taylor
S Townsend
R Ward
J Brooks
SECRETARY
R Ward
REGISTERED OFFICE
Wendover Road
Aylesbury
Bucks
HP21 9NJ
COMPANY DETAILS
Private company limited by shares registered in EW - England and Wales, registered number 00161144
ACCOUNTANTS
David Griffiths & Co
3 Church Street
Aylesbury
Bucks
HP20 2QP
AYLESBURY SPORTS COMPANY, LIMITED(THE)
ACCOUNTS
FOR THEYEARENDED31/12/2020
CONTENTS
Page
Directors' Report-
Accountants' Report-
Statement Of Comprehensive Income-
Balance Sheet3
Notes To The Accounts4
The following do not form part of the statutory financial statements:
Trading And Profit And Loss Account-
Profit And Loss Account Summaries-
AYLESBURY SPORTS COMPANY, LIMITED(THE)
BALANCE SHEET AT 31/12/2020
20202019
Notes££
FIXED ASSETS
Tangible assets3232,002232,091
CURRENT ASSETS
Debtors54,7336,028
Cash at bank and in hand71,96479,136
76,69785,164
CREDITORS: Amounts falling due within one year68,9367,910
NET CURRENT ASSETS67,76177,254
TOTAL ASSETS LESS CURRENT LIABILITIES299,763309,345
PROVISIONS FOR LIABILITIES AND CHARGES716,57716,862
NET ASSETS283,186292,483
CAPITAL AND RESERVES
Called up share capital82,0002,000
Revaluation reserve1d,9129,503129,180
Profit and loss account151,683161,303
SHAREHOLDERS' FUNDS283,186292,483
For the year ending 31/12/2020 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The directors have decided not to deliver to the registrar a copy of the company's profit and loss account.
Approved by the board on 23/08/2021 and signed on their behalf by
.............................
R Ward
Director
AYLESBURY SPORTS COMPANY, LIMITED(THE)
NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 31/12/2020
1. ACCOUNTING POLICIES
1a. Basis Of Accounting
The accounts have been prepared under the historical cost convention.
The accounts have been prepared in accordance with FRS102 section 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006 .
1b. Depreciation
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.
Fixtures and Fittingsreducing balance 25%
1c. Investment Properties
Investment properties are included in the financial statements at open market value. No depreciation is provided on such property in compliance with the Financial Reporting Standard for Smaller Entities. This departure from Companies Act requirements is necessary to show a true and fair view.
1d. Revaluation Reserve
Surpluses or deficits arising on the revaluation of individual fixed assets other than investment properties are credited or debited to a non-distributible reserve known as the revaluation reserve (see also note 9).
Revaluation deficits in excess of the amount of prior revaluation surpluses on the same asset are charged to the profit and loss account.
2. EMPLOYEES
20202019
No.No.
Average number of employees--
AYLESBURY SPORTS COMPANY, LIMITED(THE)
3. TANGIBLE FIXED ASSETS
Fixtures
and FittingsTotal
££
Cost
At 01/01/202011,99011,990
At 31/12/202011,99011,990
Depreciation
At 01/01/202011,63511,635
For the year8989
At 31/12/202011,72411,724
Net Book Amounts
At 31/12/2020266266
At 31/12/2019355355
4. INVESTMENT PROPERTIES
Investment
PropertiesTotal
££
Fair value
At 01/01/2020231,736231,736
At 31/12/2020231,736231,736
5. DEBTORS 20202019
££
Amounts falling due within one year
Other debtors4,7336,028
4,7336,028
6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
20202019
££
UK corporation tax-2,101
VAT499-
Other creditors8,4375,809
8,9367,910
AYLESBURY SPORTS COMPANY, LIMITED(THE)
7. PROVISIONS FOR LIABILITIES 20202019
££
Deferred taxation16,57716,862
16,57716,862
8. SHARE CAPITAL 20202019
££
Allotted, issued and fully paid:
2000 Class 1 shares of £1 each20002000
2,0002,000
9. REVALUATION RESERVE 20202019
££
Revaluation reserve129,503129,180
129,503129,180