Stewartby Water Sports Club Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 01035387 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 December 2017

for

STEWARTBY WATER SPORTS CLUB LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

Report of the Accountants

5

DIRECTORS:

J Folkard

T J Fossey

G V Howcroft

Mrs R M Ivory

Mrs S P Keay

M A Powell

D J Smith

I Parish

N P Edwards

M C Holland

SECRETARY:

M A Powell

REGISTERED OFFICE:

P O Box 369

Stewartby

Bedford

MK43 9PG

REGISTERED NUMBER:

01035387 (England and Wales)

ACCOUNTANTS:

Affinity Solutions

66 St Peters Avenue

Cleethorpes

DN35 8HP

FIXED ASSETS

Tangible assets

3

3,395

4,300

CURRENT ASSETS

Stocks

1,700

1,700

Debtors

4

6,764

4,766

Cash at bank and in hand

38,931

37,677

47,395

44,143

CREDITORS

Amounts falling due within one year

5

25,043

26,159

NET CURRENT ASSETS

22,352

17,984

TOTAL ASSETS LESS CURRENT LIABILITIES

25,747

22,284

RESERVES

Income and expenditure account

25,747

22,284

MEMBERS' FUNDS

25,747

22,284

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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 27 September 2018 and were signed on its behalf by:

I Parish - Director

1.	STATUTORY INFORMATION

Stewartby Water Sports Club Limited 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.

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

-

20% on cost

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, except to the

extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

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.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance

sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from

those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that

have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the

timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will

be recovered against the reversal of deferred tax liabilities or other future taxable profits.

3.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

COST

At 1 January 2017

and 31 December 2017

92,398

74,689

167,087

DEPRECIATION

At 1 January 2017

88,957

73,830

162,787

Charge for year

662

243

905

At 31 December 2017

89,619

74,073

163,692

NET BOOK VALUE

At 31 December 2017

2,779

616

3,395

At 31 December 2016

3,441

859

4,300

4.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.17

31.12.16

£

£

Trade debtors

327

319

Other debtors

6,437

4,447

6,764

4,766

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.17

31.12.16

£

£

Trade creditors

16,565

5,269

Other creditors

8,478

20,890

25,043

26,159

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

unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a

Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the

Report of the Directors are not required to be filed with the Registrar of Companies.

As described on the Balance Sheet you are responsible for the preparation of the financial statements for the year ended 31 December 2017 set out on pages three to six and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.

Affinity Solutions

66 St Peters Avenue

Cleethorpes

DN35 8HP

27 September 2018