Lostock Sports Club Ltd. - Accounts to registrar (filleted) - small 23.2.5

REGISTERED NUMBER: 06677721 (England and Wales)

FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023

FOR

LOSTOCK SPORTS CLUB LTD.

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

P Knowles

A M Cregan

S J Kaye

I R Raby

C Taylor

REGISTERED OFFICE:

Grafton House

81 Chorley Old Road

Bolton

Lancashire

BL1 3AJ

REGISTERED NUMBER:

06677721 (England and Wales)

ACCOUNTANTS:

P B Syddall & Co

Chartered Accountants

Grafton House

81 Chorley Old Road

Bolton

Lancashire

BL1 3AJ

FIXED ASSETS

Tangible assets

5

33,593

38,103

CURRENT ASSETS

Stocks

1,250

1,595

Cash at bank and in hand

40,846

43,595

42,096

45,190

CREDITORS

Amounts falling due within one year

6

360

360

NET CURRENT ASSETS

41,736

44,830

TOTAL ASSETS LESS CURRENT LIABILITIES

75,329

82,933

RESERVES

Income and expenditure account

75,329

82,933

75,329

82,933

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2023 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 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 4 March 2024 and were signed on its behalf by:

P Knowles - Director

I R Raby - Director

1.	STATUTORY INFORMATION

Lostock Sports Club 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.	STATEMENT OF COMPLIANCE

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.

3.	ACCOUNTING POLICIES

BASIS OF PREPARING THE FINANCIAL STATEMENTS

The financial statements have been prepared under the historical cost convention.

TURNOVER

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

TANGIBLE FIXED ASSETS

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery

-

10% on cost

Fixtures and fittings

-

15% on cost

Sports equipment

-

10% on cost

STOCKS

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

TAXATION

Lostock Sports Club Ltd. does not seek to make a profit and any surplus is used for the members benefit.

4.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 7 (2022 - 6 ) .

5.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Sports

machinery

fittings

equipment

Totals

£

£

£

£

COST

At 1 January 2023

34,800

15,536

43,463

93,799

Additions

-

1,638

4,642

6,280

Disposals

-

(938

)

-

(938

)

At 31 December 2023

34,800

16,236

48,105

99,141

DEPRECIATION

At 1 January 2023

19,800

12,470

23,426

55,696

Charge for year

3,480

1,774

4,810

10,064

Eliminated on disposal

-

(212

)

-

(212

)

At 31 December 2023

23,280

14,032

28,236

65,548

NET BOOK VALUE

At 31 December 2023

11,520

2,204

19,869

33,593

At 31 December 2022

15,000

3,066

20,037

38,103

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2023

2022

£

£

Accruals and deferred income

360

360