Keighley Cricket Club Limited - Abbreviated accounts 16.3

REGISTERED NUMBER: 01976557

Abbreviated Unaudited Accounts

for the Year Ended 31 October 2016

for

Keighley Cricket Club Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

Chartered Accountants' Report

5

DIRECTORS:

E Bottomley

R P Chapman

S Bottomley

R Towler

SECRETARY:

S Bottomley

REGISTERED OFFICE:

Russell Chambers

61a North Street

Keighley

West Yorkshire

BD21 3DS

REGISTERED NUMBER:

01976557

ACCOUNTANTS:

Stirk Lambert & Co

Chartered Accountants

Russell Chambers

61a North Street

Keighley

BD21 3DS

FIXED ASSETS

Tangible assets

2

228,084

228,714

CURRENT ASSETS

Stocks

1,197

1,807

Debtors

286

Cash at bank and in hand

16,934

15,169

18,417

17,262

CREDITORS

Amounts falling due within one year

4,159

3,951

NET CURRENT ASSETS

14,258

13,311

TOTAL ASSETS LESS CURRENT
LIABILITIES

242,342

242,025

RESERVES

Revaluation reserve

138,540

Profit and loss account

103,802

103,485

242,342

242,025

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2016 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 abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the Board of Directors on 10 January 2017 and were signed on its behalf by:

S Bottomley - Director

1.	ACCOUNTING POLICIES

Accounting convention

The financial statements have been prepared under the historical cost convention and in accordance with the

Financial Reporting Standard for Smaller Entities (effective January 2015).

Turnover

Turnover represents the amounts received or receivable for goods and services provided to customers, excluding

VAT.

Tangible fixed assets

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

Freehold property

-

at variable rates on reducing balance

Fixtures and fittings

-

15% on 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.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 November 2015

304,221

Additions

1,384

At 31 October 2016

305,605

DEPRECIATION

At 1 November 2015

75,507

Charge for year

2,014

At 31 October 2016

77,521

NET BOOK VALUE

At 31 October 2016

228,084

At 31 October 2015

228,714

3.	LIABILITY OF MEMBERS

The company does not have a share capital but is a company "limited by guarantee". In the event of a winding

up, each member has agreed to contribute the sum of £1 to the company's funds, as follows:-

Total number of members at 31st October 2016. 117

Amount each has agreed to contribute £1

Total amount guaranteed to the company £117

The following reproduces the text of the report prepared for the directors in respect of the company's annual

unaudited financial statements, from which the unaudited abbreviated accounts (set out on pages two to four)

have been prepared.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the

financial statements of Keighley Cricket Club Limited for the year ended 31 October 2016 which comprise the Profit

and Loss Account, the Balance Sheet and the related notes from the company's accounting records and from information

and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Keighley Cricket Club Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Keighley Cricket Club Limited and state those matters that we have agreed to state to the Board of Directors of Keighley Cricket Club Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Keighley Cricket Club Limited Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Keighley Cricket Club Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Keighley Cricket Club Limited. You consider that Keighley Cricket Club Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Keighley Cricket Club Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Stirk Lambert & Co

Chartered Accountants

Russell Chambers

61a North Street

Keighley

BD21 3DS

10 January 2017