The British Deer Society (Sales and Services) Limited - Period Ending 2022-12-31

The British Deer Society (Sales and Services) Limited

Contents

Balance Sheet	1 to 2
Statement of Changes in Equity	3
Notes to the Unaudited Financial Statements	4 to 7

The British Deer Society (Sales and Services) Limited

Balance Sheet

31 December 2022

	Note	2022 £	2021 £
Current assets
Stocks	4	-	13,615
Debtors	5	2,179	971
Cash at bank and in hand		2,500	2,506
		4,679	17,092
Creditors: Amounts falling due within one year	6	(4,679)	(7,042)
Net assets		-	10,050
Reserves
Profit and loss account		-	10,050
Surplus		-	10,050

The British Deer Society (Sales and Services) Limited

Balance Sheet

31 December 2022

For the financial year ending 31 December 2022 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

•	The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
•	The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006 and the option not to file the Profit and Loss Account has been taken.

Approved and authorised by the Board on 24 March 2023 and signed on its behalf by:
 

......................................... Mrs S Gubbins Director

Company Registration Number: 02957152

The British Deer Society (Sales and Services) Limited

Statement of Changes in Equity

Year Ended 31 December 2022

	Profit and loss account £	Total £
At 1 January 2022	10,050	10,050
Dividends	(10,050)	(10,050)
At 31 December 2022	-	-

	Profit and loss account £	Total £
At 1 January 2021	10,050	10,050
At 31 December 2021	10,050	10,050

The British Deer Society (Sales and Services) Limited

Notes to the Unaudited Financial Statements

Year Ended 31 December 2022

1	General information

The company is a company limited by guarantee, incorporated in England and Wales, and consequently does not have share capital. Each of the members is liable to contribute an amount not exceeding £1 towards the assets of the company in the event of liquidation.

The address of its registered office is:
The Walled Garden
Burgate Manor
Fordingbridge
Hampshire
SP6 1EF
United Kingdom

These financial statements were authorised for issue by the Board on 24 March 2023.

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', including Section 1A and the Companies Act 2006.

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

The British Deer Society (Sales and Services) Limited

Notes to the Unaudited Financial Statements

Year Ended 31 December 2022

Revenue recognition

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised.

Sale of goods:
Revenue from the sale of goods is recognised when all of the following conditions are satisfied:
The Company has transferred the significant risks and rewards of ownership to the buyer;
The Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
The amount of revenue can be reliably measured;
It is probable that the Company will receive the consideration due under the transaction; and
The costs incurred or to be incurred in respect of the transaction can be reliably measured.

Rendering of Services:
Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
The amount of revenue can be reliably measured;
It is probable that the Company will receive the consideration due under the contract;
The stage of completion of the contract at the end of the reporting period can be reliably measured; and
The costs incurred and the costs to complete the contract can be reliably measured.

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads.

At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

The British Deer Society (Sales and Services) Limited

Notes to the Unaudited Financial Statements

Year Ended 31 December 2022

Financial instruments

Classification
The company holds the following financial instruments:

• Short term trade and other debtors and creditors;
• Cash and bank balances.

All financial instruments are classified as basic.

 Recognition and measurement
The company has chosen to apply the recognition and measurement principles in FRS102.

Financial instruments are recognised when the company becomes party to the contractual provisions of the instrument and derecognised when in the case of assets, the contractual rights to cash flows from the assets expire or substantially all the risks and rewards of ownership are transferred to another party, or in the case of liabilities, when the company’s obligations are discharged, expire or are cancelled.

Such instruments are initially measured at transaction price, including transaction costs, and are subsequently carried at the undiscounted amount of the cash or other consideration expected to be paid or received, after taking account of impairment adjustments.

 

3	Staff numbers

The average number of persons employed by the company (including directors) during the year, was 0 (2021 - 0).

4

Stocks

	2022 £	2021 £
Finished goods and goods for resale	-	13,615

5

Debtors

Current	2022 £	2021 £
Trade debtors	-	971
Other debtors	2,179	-
	2,179	971

The British Deer Society (Sales and Services) Limited

Notes to the Unaudited Financial Statements

Year Ended 31 December 2022

6

Creditors

Creditors: amounts falling due within one year

	2022 £	2021 £
Due within one year
Trade creditors	-	732
Amounts owed to group undertakings	3,179	2,366
Taxation and social security	-	2,444
Accruals and deferred income	1,500	1,500
	4,679	7,042

7	Parent and ultimate parent undertaking

The company's immediate parent is The British Deer Society, incorporated in England and Wales.

  These financial statements are available upon request from The British Deer Society. These can be obtained by writing to the company registered office identified in Note 1.