Ormskirk Division Agricultural Club Ltd - Accounts to registrar (filleted) - small 23.2.5

REGISTERED NUMBER: 00157833 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 August 2023

for

Ormskirk Division Agricultural Club Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

B Brighouse

R C Burnett

F A Davies

K Whittaker

S Caldecott

REGISTERED OFFICE:

65 Burscough Street

Ormskirk

Lancs

L39 2EL

REGISTERED NUMBER:

00157833 (England and Wales)

ACCOUNTANTS:

Haines Watts

3rd Floor Pacific Chambers

11-13 Victoria Street

Liverpool

Merseyside

L2 5QQ

FIXED ASSETS

Tangible assets

4

72,955

75,895

CURRENT ASSETS

Stocks

7,765

5,100

Cash at bank and in hand

17,460

28,168

25,225

33,268

CREDITORS

Amounts falling due within one year

5

5,604

10,716

NET CURRENT ASSETS

19,621

22,552

TOTAL ASSETS LESS CURRENT LIABILITIES

92,576

98,447

CAPITAL AND RESERVES

Called up share capital

50,000

50,000

Share premium

4,162

4,162

Retained earnings

38,414

44,285

92,576

98,447

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 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 profit or loss 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 6 April 2024 and were signed on its behalf by:

B Brighouse - Director

1.	STATUTORY INFORMATION

Ormskirk Division Agricultural Club Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

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 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.

Land and buildings

-

2% on cost

Plant and machinery etc

-

25% reducing balance

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,

Corporation tax is payable on investment income only.

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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2022 - 3 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

COST

At 1 September 2022

and 31 August 2023

73,376

17,721

91,097

DEPRECIATION

At 1 September 2022

835

14,367

15,202

Charge for year

2,101

839

2,940

At 31 August 2023

2,936

15,206

18,142

NET BOOK VALUE

At 31 August 2023

70,440

2,515

72,955

At 31 August 2022

72,541

3,354

75,895

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.8.23

31.8.22

£

£

Trade creditors

2,471

4,427

Taxation and social security

2,533

5,689

Other creditors

600

600

5,604

10,716