Cabot Cruising Club - Accounts to registrar (filleted) - small 23.2.5
Cabot Cruising Club - Accounts to registrar (filleted) - small 23.2.5
| REGISTERED NUMBER: |
| Unaudited Financial Statements |
| for the Year Ended 30 June 2023 |
| for |
| Cabot Cruising Club |
| Cabot Cruising Club (Registered number: 10836344) |
| Contents of the Financial Statements |
| for the Year Ended 30 June 2023 |
| Page |
| Company Information | 1 |
| Balance Sheet | 2 |
| Notes to the Financial Statements | 3 |
| Cabot Cruising Club |
| Company Information |
| for the Year Ended 30 June 2023 |
| DIRECTORS: |
| SECRETARY: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| Chartered Accountants (ICAEW) |
| Redland House |
| 157 Redland Road |
| Redland |
| Bristol |
| BS6 6YE |
| Cabot Cruising Club (Registered number: 10836344) |
| Balance Sheet |
| 30 June 2023 |
| 2023 | 2022 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Tangible assets | 4 |
| CURRENT ASSETS |
| Stocks |
| Debtors | 5 |
| Cash at bank and in hand | 6 |
| CREDITORS |
| Amounts falling due within one year | 7 |
| NET CURRENT ASSETS |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| RESERVES |
| Annual Social Fund | 8 |
| Sinking Fund | 8 |
| Income and expenditure account | 8 |
| 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. |
| 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 |
| Cabot Cruising Club (Registered number: 10836344) |
| Notes to the Financial Statements |
| for the Year Ended 30 June 2023 |
| 1. | STATUTORY INFORMATION |
| Cabot Cruising Club is a |
| The company is recognised to have Community Amateur Sports Club status in line with HM Revenue & Customs requirements. |
| 2. | ACCOUNTING POLICIES |
| Basis of preparing the financial statements |
| Income recognition |
| Turnover comprises of the value of bar sales made by the club and are included as they arise. |
| Members subscriptions and annual social fund income is recognised in full at the commencement of the membership year in the period to which the subscription relates. |
| Hire income is recognised when the event has taken place. |
| Donations are recognised as income on receipt. |
| The company recognised revenue when the amount of income can be reliably measured. It is probable that future economic benefits will flow to the entity and specific criteria have been met for each of the company's activities. |
| Tangible fixed assets |
| John Sebastian | - |
| Other Equipment | - |
| 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. |
| 3. | EMPLOYEES AND DIRECTORS |
| The average number of employees during the year was NIL (2022 - NIL). |
| Cabot Cruising Club (Registered number: 10836344) |
| Notes to the Financial Statements - continued |
| for the Year Ended 30 June 2023 |
| 4. | TANGIBLE FIXED ASSETS |
| John | Other |
| Sebastian | Equipment | Totals |
| £ | £ | £ |
| COST |
| At 1 July 2022 |
| Additions |
| At 30 June 2023 |
| DEPRECIATION |
| At 1 July 2022 |
| Charge for year |
| At 30 June 2023 |
| NET BOOK VALUE |
| At 30 June 2023 |
| At 30 June 2022 |
| 5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2023 | 2022 |
| £ | £ |
| Prepayments |
| 6. | CASH AT BANK AND IN HAND |
| 2023 | 2022 |
| £ | £ |
| Fixed Term Deposit | 9,769 | 10,211 |
| Sinking Fund Account | 75,379 | 62,627 |
| Current Account - Treasurer | 25,713 | 12,263 |
| Current Account - Bar | 4,330 | 5,020 |
| Current Account - ASF | 4,926 | 2,644 |
| Cash in hand - Bar | 290 | 613 |
| 7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2023 | 2022 |
| £ | £ |
| Tax |
| Other taxes | 6,958 | - |
| Accrued expenses |
| 8. | RESERVES |
| Income |
| and | Annual |
| expenditure | Social | Sinking |
| account | Fund | Fund | Totals |
| £ | £ | £ | £ |
| At 1 July 2022 | 102,483 |
| Surplus for the year |
| Transfer | ( |
) |
| At 30 June 2023 | 117,442 |