Bowls England - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 06297656 (England and Wales)

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2018

FOR

BOWLS ENGLAND

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

M Docherty

D Mitchell Gears MBE

A D Tanner

D Tucker

S F Hemsley

J C McGuinness

Dr A Molony

SECRETARY:

A Allcock MBE

REGISTERED OFFICE:

Riverside House

Milverton Hill

Leamington Spa

Warwickshire

CV32 5HZ

REGISTERED NUMBER:

06297656 (England and Wales)

AUDITORS:

Dafferns LLP

Chartered Accountants

Statutory Auditor

One Eastwood

Harry Weston Road

Binley Business Park

Coventry

CV3 2UB

FIXED ASSETS

Tangible assets

4

5,861

10,280

Investments

5

3

3

Investment property

6

600,000

600,000

605,864

610,283

CURRENT ASSETS

Stocks

18,882

22,451

Debtors

7

435,002

401,691

Cash at bank and in hand

1,985,113

1,882,920

2,438,997

2,307,062

CREDITORS

Amounts falling due within one year

8

156,923

113,297

NET CURRENT ASSETS

2,282,074

2,193,765

TOTAL ASSETS LESS CURRENT LIABILITIES

2,887,938

2,804,048

RESERVES

Revaluation reserve

10

405,762

405,762

Other reserves

10

1,425,475

1,425,475

Income and expenditure account

10

1,056,701

972,811

2,887,938

2,804,048

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 23 November 2018 and were signed on its behalf by:

D Mitchell Gears MBE - Director

1.	STATUTORY INFORMATION

Bowls England is a company limited by guarantee which does not have share capital and is registered

in England and Wales. The company's registered number and registered office address can be found

on the Company Information page.

The financial statements are presented in Pound Sterling (£) which is the functional currency of the

company and rounded to the nearest £1.

The significant accounting policies applied in the preparation of these financial statements are set out

below. These policies have been consistently applied to all years presented unless otherwise stated.

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 as modified by the revaluation of certain assets.

Turnover

Turnover represents net invoiced sales of goods, excluding value added tax, affiliation fees and

competition entry fees.

Tangible fixed assets

Tangible fixed assets are stated at cost (or deemed cost) less accumulated depreciation and

accumulated impairment losses. Cost includes costs directly attributable to making the asset capable

of operating as intended.

Depreciation is provided on all fixed assets, other than freehold land, at rates calculated to write off the

cost or value less estimated residual value, of each asset over its expected useful life, as follows:

Furniture, fixtures and equipment - 20% straight line

Computer hardware and software - 20% & 33% straight line

Cups and trophies are held within Headquarters at a net book value of £1 therefore depreciation is not

provided.

Investment property

Investment property for which fair value can be measured reliably without undue cost or effort is

measured at fair value at each reporting date with changes in fair value recognised in the profit and

loss account.

Stocks

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

obsolete and slow moving items.

Taxation

Current tax represents the amount of tax payable or receivable in respect of the taxable profit (or loss)

for the current or past reporting periods. It is measured at the amount expected to be paid or recovered

using the tax rates and laws that have been enacted or substantively enacted by the balance sheet

date.

Deferred tax

Deferred tax represents the future tax consequences of transactions and events recognised in the

financial statements of current and previous periods. It is recognised in respect of all timing

differences, with certain exceptions. Timing differences are differences between taxable profits and

total comprehensive income as stated in the financial statements that arise from the inclusion of

income and expense in tax assessments n periods different from those in which they are recognised in

the financial statements. 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.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively

enacted by the balance sheet date that are expected to apply to the reversal of timing differences.

Deferred tax on revalued non-depreciable tangible fixed assets and investment properties.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the

company's pension scheme are charged to profit or loss in the period to which they relate.

Debtors and creditors receivable / payable in one year

Debtors and creditors with no stated interest rate and receivable or payable within one year are

recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss

account in other administrative expenses.

Consolidation

The company and its subsidiary comprise a small group. The company has therefore taken advantage

of the exemption provided by section 399 of the Companies Act 2006 not to prepare group financial

statements.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 13 (2017 - 12 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

COST

At 1 October 2017

1

104,147

104,148

Additions

-

1,329

1,329

At 30 September 2018

1

105,476

105,477

DEPRECIATION

At 1 October 2017

-

93,868

93,868

Charge for year

-

5,748

5,748

At 30 September 2018

-

99,616

99,616

NET BOOK VALUE

At 30 September 2018

1

5,860

5,861

At 30 September 2017

1

10,279

10,280

5.	FIXED ASSET INVESTMENTS

Other

investments

£

COST

At 1 October 2017

and 30 September 2018

3

NET BOOK VALUE

At 30 September 2018

3

At 30 September 2017

3

6.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 October 2017

and 30 September 2018

600,000

NET BOOK VALUE

At 30 September 2018

600,000

At 30 September 2017

600,000

Fair Value at 30 September 2018 is represented by:

£

Cost

194,283

Uplift in value to fair value during 2013

405,762

600,000

7.

DEBTORS

2018

2017

£

£

Amounts falling due within one year:

Trade debtors

17,091

-

Other debtors

167,395

185,868

184,486

185,868

Amounts falling due after more than one year:

Other debtors

250,516

215,823

Aggregate amounts

435,002

401,691

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2018

2017

£

£

Trade creditors

42,339

-

Taxation and social security

34,419

27,145

Other creditors

80,165

86,152

156,923

113,297

9.	LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

2018

2017

£

£

Within one year

2,000

2,000

Between one and five years

7,167

8,000

In more than five years

-

1,167

9,167

11,167

10.

RESERVES

Income

and

expenditure

Revaluation

Other

account

reserve

reserves

Totals

£

£

£

£

At 1 October 2017

972,811

405,762

1,425,475

2,804,048

Surplus for the year

83,136

-

-

83,136

Movement

754

-

-

754

At 30 September 2018

1,056,701

405,762

1,425,475

2,887,938

11.	DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Richard Miller MA (Oxon) FCA (Senior Statutory Auditor)

for and on behalf of Dafferns LLP

12.	RELATED PARTY TRANSACTIONS

The directors of the company received allowances of £5,950 (2017: £5,950).