Bewl Sailing Association Limited - Accounts to registrar (filleted) - small 18.2

Bewl Sailing Association Limited - Accounts to registrar (filleted) - small 18.2

BEWL SAILING ASSOCIATION LTD - Company Information

Print Friendly Version

IRIS Accounts Production v21.1.6.35 09783429 Board of Directors 1.10.19 30.9.20 30.9.20 0 0 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pure097834292019-09-30097834292020-09-30097834292019-10-012020-09-30097834292018-09-30097834292018-10-012019-09-30097834292019-09-3009783429ns16:EnglandWales2019-10-012020-09-3009783429ns15:PoundSterling2019-10-012020-09-3009783429ns11:Director12019-10-012020-09-3009783429ns11:CompanyLimitedByGuarantee2019-10-012020-09-3009783429ns11:SmallEntities2019-10-012020-09-3009783429ns11:AuditExempt-NoAccountantsReport2019-10-012020-09-3009783429ns11:SmallCompaniesRegimeForDirectorsReport2019-10-012020-09-3009783429ns11:SmallCompaniesRegimeForAccounts2019-10-012020-09-3009783429ns11:FullAccounts2019-10-012020-09-3009783429ns11:Director22019-10-012020-09-3009783429ns11:RegisteredOffice2019-10-012020-09-3009783429ns6:CurrentFinancialInstruments2020-09-3009783429ns6:CurrentFinancialInstruments2019-09-3009783429ns6:Non-currentFinancialInstruments2020-09-3009783429ns6:Non-currentFinancialInstruments2019-09-3009783429ns6:RetainedEarningsAccumulatedLosses2020-09-3009783429ns6:RetainedEarningsAccumulatedLosses2019-09-3009783429ns6:PlantMachinery2019-10-012020-09-3009783429ns6:FurnitureFittings2019-10-012020-09-3009783429ns6:PlantMachinery2019-09-3009783429ns6:FurnitureFittings2019-09-3009783429ns6:PlantMachinery2020-09-3009783429ns6:FurnitureFittings2020-09-3009783429ns6:PlantMachinery2019-09-3009783429ns6:FurnitureFittings2019-09-3009783429ns6:CurrentFinancialInstruments2019-10-012020-09-3009783429ns6:Non-currentFinancialInstruments2019-10-012020-09-30
REGISTERED NUMBER: 09783429 (England and Wales)















Unaudited Financial Statements for the Year Ended 30th September 2020

for

Bewl Sailing Association LTD
Bewl Sailing Association LTD (Registered number: 09783429)

Contents of the Financial Statements
for the Year Ended 30th September 2020










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Bewl Sailing Association LTD

Company Information
for the Year Ended 30th September 2020







DIRECTORS: M Munday
C Hough





REGISTERED OFFICE: The Lodge
93 Normanston Drive
Oulton Broad
Lowestoft
Suffolk
NR32 2PX





BUSINESS ADDRESS: Bewl Reservoir
Bewl Bridge Lane
Lamberhurst
Kent
TN3 8JH





REGISTERED NUMBER: 09783429 (England and Wales)





ACCOUNTANTS: N.C.N.M. Accountancy Limited
Chartered Accountants
The Lodge
93 Normanston Drive
Oulton Broad
Lowestoft
Suffolk
NR32 2PX
Page 1
Bewl Sailing Association LTD (Registered number: 09783429)

Balance Sheet
30th September 2020

2020 2019
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 2,208 3,582

CURRENT ASSETS
Debtors 5 - 20
Cash at bank 2,058 2,359
2,058 2,379
CREDITORS
Amounts falling due within one year 6 3,512 4,025
NET CURRENT LIABILITIES (1,454 ) (1,646 )
TOTAL ASSETS LESS CURRENT
LIABILITIES
754
1,936

CREDITORS
Amounts falling due after more than one
year
7
366
732
NET ASSETS 388 1,204

RESERVES
Income and expenditure account 388 1,204
388 1,204

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30th September 2020.

The members have not required the company to obtain an audit of its financial statements for the year ended 30th September 2020 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 notes form part of these financial statements

Page 2 continued...
Bewl Sailing Association LTD (Registered number: 09783429)

Balance Sheet - continued
30th September 2020


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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 28th June 2021 and were signed on its behalf by:





M Munday - Director


The notes form part of these financial statements

Page 3
Bewl Sailing Association LTD (Registered number: 09783429)

Notes to the Financial Statements
for the Year Ended 30th September 2020


1. STATUTORY INFORMATION

Bewl Sailing Association LTD 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 represents amounts received during the year from members and events. Where income received relates to a subsequent year, the income is apportioned to the relevant period, with any balance being carried forward in deferred income.

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.
Boats & buoys - 20% on cost
Race box & radios - 33% on cost

Taxation and value added tax
The company has mutual trading status. The company therefore has no current tax liability or deferred tax considerations.

The company is not registered for VAT. Accordingly, all expenditure shown is inclusive of VAT as appropriate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2019 - NIL).

Page 4 continued...
Bewl Sailing Association LTD (Registered number: 09783429)

Notes to the Financial Statements - continued
for the Year Ended 30th September 2020


4. TANGIBLE FIXED ASSETS
Boats & Race box
buoys & radios Totals
£    £    £   
COST
At 1st October 2019
and 30th September 2020 5,340 920 6,260
DEPRECIATION
At 1st October 2019 2,136 542 2,678
Charge for year 1,068 306 1,374
At 30th September 2020 3,204 848 4,052
NET BOOK VALUE
At 30th September 2020 2,136 72 2,208
At 30th September 2019 3,204 378 3,582

Boats and buoys were acquired during 2018 totalling £5,340. Of this amount, £1,000 was funded from the Club's reserves, and £1,830 was funded by cash donations from members. The balance (£2,510) was financed by members acquiring the assets on behalf of the Club. The members will be repaid as Club funds allow, with £500 being paid off in October 2019, and the balance has been included in creditors. The £1,830 donations has been deferred, and will be released in line with the depreciation of the underlying assets - boats and buoys. £366 will be released to income over a period of 5 years.

The race box and radios were acquired from Club funds.

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2020 2019
£    £   
Trade debtors - 20

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2020 2019
£    £   
Loans from members 2,010 2,510
Loans from directors 174 174
Deferred income - members'
subscriptions 962 975
Deferred income - capital
contributions 366 366
3,512 4,025

Page 5 continued...
Bewl Sailing Association LTD (Registered number: 09783429)

Notes to the Financial Statements - continued
for the Year Ended 30th September 2020


6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR - continued

Loans from members - certain members assisted with the acquisition of assets for the Club in the form of rescue boats and buoys. The balance shown represents the amounts due to members. There are no formal repayments terms or interest. The balance will be repaid as soon as Club funds allow.

Loans from directors - the directors paid expenses on behalf of the company the Club. There are no formal repayments terms or interest. The balance will be repaid as soon as Club funds allow.

Deferred income members subscriptions - this represents income received during the year that relates to a subsequent year.

Deferred income capital contributions - some assets were donated to the Club by members. In order to match revenue to expenditure, the donations have been deferred and will be released in line with the depreciation of the underlying asset. The balance above represents the amount that will be released to income next year.

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2020 2019
£    £   
Deferred income - capital
contributions 366 732
366 732

Deferred income capital contributions - some assets were donated to the Club by members. In order to match revenue to expenditure, the donations have been deferred and will be released in line with the depreciation of the underlying asset. The balance above represents the amount that will be released to income in the year to 30th September 2022.

8. LIMITED BY GUARANTEE

The company is limited by guarantee. The liability of each member is limited to £5. There are currently 72 members.

Page 6