Bewl Sailing Association Ltd - Accounts to registrar (filleted) - small 17.3

REGISTERED NUMBER: 09783429 (England and Wales)

BEWL SAILING ASSOCIATION LTD

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2017

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

M A Brooking

M Munday

SECRETARY:

M A Brooking

REGISTERED OFFICE:

82 High Street

Tenterden

Kent

TN30 6JG

REGISTERED NUMBER:

09783429 (England and Wales)

ACCOUNTANTS:

Gibbons Mannington & Phipps LLP

Chartered Accountants

Landgate Chambers

Rye

East Sussex

TN31 7LJ

CURRENT ASSETS

Stocks

78

-

Debtors

3

87

625

Cash at bank and in hand

3,419

2,173

3,584

2,798

CREDITORS

Amounts falling due within one year

4

910

1,211

NET CURRENT ASSETS

2,674

1,587

TOTAL ASSETS LESS CURRENT LIABILITIES

2,674

1,587

RESERVES

Income and expenditure account

2,674

1,587

2,674

1,587

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2017 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 of Part 15 of the Companies Act 2006 relating to small companies.

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 on 22 December 2017 and were signed on its behalf by:

M Munday - Director

1.	STATUTORY INFORMATION

Bewl Sailing Association 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.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

These financial statements for the year-ended 30 September 2017 are the first financial

statements of Bewl Sailing Association Ltd that comply with FRS 102, The Financial Reporting

Standard applicable in the UK and Republic of Ireland. The date of transition is 18 September

2015. There are no changes in accounting policies compared to those used previously.

Turnover

Turnover represents amounts received during the year from members and events. Where income

is received relating to a subsequent year, the income is time-apportioned to the relevant period,

with any balance being carried forward in deferred income.

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for

obsolete and slow moving items.

3.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

£

Prepayments

87

625

4.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

£

Trade creditors

173

508

Deferred income

737

703

910

1,211

5.	RELATED PARTY DISCLOSURES

The company reimburses expenses incurred by the directors and members on behalf of the club.

These are reimbursed based upon costs actually incurred and approved by the Board.

The directors receive no benefits from their position and are charged the same rates as all

members of the club.

6.	ULTIMATE CONTROLLING PARTY

The day-to-day management of the club is in the hands of the directors. The Ultimate Controlling

Party are the members in General Meeting.

7.	LIMITED BY GUARANTEE

The company has no share capital, and is a company limited by guarantee. The members agree to

put in £5 each in the event of the company being wound up. There were 63 members at the year

end.