Abbreviated Company Accounts - FRICKLEY ATHLETIC FOOTBALL CLUB LIMITED

FRICKLEY ATHLETIC FOOTBALL CLUB LIMITED - Company Information

Registered Number 04932518

FRICKLEY ATHLETIC FOOTBALL CLUB LIMITED

Abbreviated Accounts

31 May 2016

FRICKLEY ATHLETIC FOOTBALL CLUB LIMITED Registered Number 04932518

Abbreviated Balance Sheet as at 31 May 2016

	Notes	2016	2015
		£	£
Fixed assets
Tangible assets	3	656,895	3,367
		656,895	3,367
Current assets
Debtors		70,240	3,007
Cash at bank and in hand		-	43,400
		70,240	46,407
Creditors: amounts falling due within one year	4	(202,632)	(74,363)
Net current assets (liabilities)		(132,392)	(27,956)
Total assets less current liabilities		524,503	(24,589)
Creditors: amounts falling due after more than one year	4	(608,417)	(66,983)
Total net assets (liabilities)		(83,914)	(91,572)
Reserves
Income and expenditure account		(83,914)	(91,572)
Members' funds		(83,914)	(91,572)

For the year ending 31 May 2016 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

Approved by the Board on 16 February 2017

And signed on their behalf by:
Gareth Dando, Director

FRICKLEY ATHLETIC FOOTBALL CLUB LIMITED Registered Number 04932518

Notes to the Abbreviated Accounts for the period ended 31 May 2016

1Accounting Policies

Basis of measurement and preparation of accounts
The financial statements have been prepared in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015) under the historical cost convention.

Turnover policy
Turnover represents gate receipts and income from other football related activities.

Tangible assets depreciation policy
Depreciation is calculated to write down the cost of fixed assets on a reducing balance basis over their expected useful lives. The rates used are as follows:-
Plant and machinery 15%
The asset in the course of construction will be depreciated from completion.

Other accounting policies
Going concern
The financial statements have been prepared on the going concern basis, on the assumption that the company will continue to receive the support of its directors and creditors.

Grant income
Grants receivable in respect of capital expenditure are treated as deferred income and credited to the profit and loss account over the useful life of the asset.

Leased assets
Rentals payable under operating leases are charged to the profit and loss account on a straight line basis over the period of the lease.

2Company limited by guarantee
Company is limited by guarantee and consequently does not have share capital.

3Tangible fixed assets

	£
Cost
At 1 June 2015	6,490
Additions	653,944
Disposals	-
Revaluations	-
Transfers	-
At 31 May 2016	660,434
Depreciation
At 1 June 2015	3,123
Charge for the year	416
On disposals	-
At 31 May 2016	3,539
Net book values
At 31 May 2016	656,895
At 31 May 2015	3,367

4Creditors

	2016 £	2015 £
Secured Debts	21,163	13,305