General Information
Frickley Athletic Football Club Limited is a private company, limited by guarantee, registered in England and Wales, registration number 04932518, registration address Frickley Athletic Football Club, Westfield Lane Ground, South Elmsall , Pontefract, WF9 2EQ.
The presentation currency is £ sterling.
| 1. |
Accounting policies
Significant accounting policies
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, the Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by Section 1A of the standard)
Going concern basis
The accounts have been prepared on the going concern basis on the assumption that it will continue to receive the support of it's directors and creditors, and income and overall financial performance will continue to improve post Covid.
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Government grants
Government grants received are credited to deferred income. Grants towards capital expenditure are released to the profit and loss account over the expected useful life of the assets. Grants received towards revenue expenditure are released to the profit and loss account as the related expenditure is incurred.
Taxation
Taxation represents the sum of tax currently payable and deferred tax. Tax is recognised in the statement of income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves.
The company’s liability for current tax is calculated using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Current and deferred tax assets and liabilities are not discounted
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
| Land and Buildings |
20 |
| Plant and Machinery |
20% |
Stocks
Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.
|
| 2. |
Average number of employees
Average number of employees during the year was 14 (2021 : 14).
|
| 3. |
Tangible fixed assets
| Cost or valuation |
Land and buildings |
|
Plant and machinery etc |
|
Total |
| |
£ |
|
£ |
|
£ |
| At 01 December 2021 |
685,811 |
|
8,146 |
|
693,957 |
| Additions |
- |
|
8,116 |
|
8,116 |
| Disposals |
- |
|
(5,340) |
|
(5,340) |
| At 30 November 2022 |
685,811 |
|
10,922 |
|
696,733 |
| Depreciation |
| At 01 December 2021 |
96,623 |
|
6,528 |
|
103,151 |
| Charge for year |
34,658 |
|
984 |
|
35,642 |
| On disposals |
- |
|
(4,703) |
|
(4,703) |
| At 30 November 2022 |
131,281 |
|
2,809 |
|
134,090 |
| Net book values |
| Closing balance as at 30 November 2022 |
554,530 |
|
8,113 |
|
562,643 |
| Opening balance as at 01 December 2021 |
589,188 |
|
1,618 |
|
590,806 |
|
| 4. |
Stocks
|
2022
£ |
|
2021
£ |
| Stocks |
3,000 |
|
0 |
|
3,000 |
|
0 |
|
| 5. |
Debtors: amounts falling due within one year
|
2022
£ |
|
2021
£ |
| Trade Debtors |
4,758 |
|
4,288 |
| Other Debtors |
2,406 |
|
8,534 |
|
7,164 |
|
12,822 |
|
| 6. |
Creditors: amount falling due within one year
|
2022
£ |
|
2021
£ |
| Trade Creditors |
13,422 |
|
31,791 |
| Bank Loans & Overdrafts |
4,192 |
|
20,555 |
| Taxation and Social Security |
1,836 |
|
0 |
| Other Creditors |
289,951 |
|
237,957 |
|
309,401 |
|
290,303 |
|
| 7. |
Creditors: amount falling due after more than one year
|
2022
£ |
|
2021
£ |
| Other Creditors |
588,377 |
|
619,455 |
|
588,377 |
|
619,455 |
|
| 8. |
Company Limited by Guarantee
The company is limited by guarantee and therefore has no shares.
|
3
|
