Lillycombe Sporting Club Limited - Period Ending 2018-01-31

Registration number: 10571407

Lillycombe Sporting Club Limited

(A company limited by guarantee)

Annual Report and Unaudited Filleted Financial Statements

for the Period from 18 January 2017 to 31 January 2018

Lillycombe Sporting Club Limited

Contents

Balance Sheet	1
Notes to the Financial Statements	2 to 3

Lillycombe Sporting Club Limited

(Registration number: 10571407)
Balance Sheet as at 31 January 2018

	Note	2018 £
Fixed assets
Tangible assets	4	3,632
Current assets
Debtors	5	9,000
Cash at bank and in hand		43,539
		52,539
Creditors: Amounts falling due within one year	6	(95,449)
Net current liabilities		(42,910)
Net liabilities		(39,278)
Capital and reserves
Profit and loss account		(39,278)
Total equity		(39,278)

For the financial period ending 31 January 2018 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

	The members have not required the company to obtain an audit of its accounts for the period in question in accordance with section 476; and
	The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

Approved and authorised by the Board on 28 June 2018 and signed on its behalf by:
 

Mr J Barnes

Director

The notes on pages 2 to 3 form an integral part of these financial statements.

Page 1

Lillycombe Sporting Club Limited

Notes to the Financial Statements for the Period from 18 January 2017 to 31 January 2018

1	General information

The company is a company limited by guarantee incorporated in England and Wales.

The address of its registered office is:
Esk Hause
6 The Avenue
Sneyd Park
Bristol
BS9 1PA

2	Accounting policies

Statement of compliance

These financial statements were prepared in accordance with Financial Reporting Standard 102 Section 1A 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The company is reliant upon the support of its members.

The members have given assurance they will continue to support the club and therefore the financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when the amount of revenue can be reliably measured, it is probable the future economic benefits will flow into the entity, and specific criteria have been met for each of the company activities.

Tangible assets

Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
Fixtures and fittings	20% reducing balance

3	Staff numbers

The average number of persons employed by the company (including directors) during the period was 8.

Page 2

Lillycombe Sporting Club Limited

Notes to the Financial Statements for the Period from 18 January 2017 to 31 January 2018

4	Tangible assets

	Fixtures and fittings  £	Total £
Cost or valuation
Additions	4,540	4,540
At 31 January 2018	4,540	4,540
Depreciation
Charge for the period	908	908
At 31 January 2018	908	908
Carrying amount
At 31 January 2018	3,632	3,632

5

Debtors

	2018 £
Trade debtors	9,000
	9,000

6

Creditors

	2018 £
Due within one year
Bank loans and overdrafts	5,904
Trade creditors	73,102
Taxation and social security	6,040
Other creditors	10,403
	95,449

Page 3