Registered Number 00415853
MACCLESFIELD TOWN FOOTBALL CLUB,LIMITED
Abbreviated Accounts
30 June 2015
Notes | 2015 | 2014 | |
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£ | £ | ||
Fixed assets | |||
Tangible assets | 2 |
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Current assets | |||
Stocks |
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Debtors |
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Cash at bank and in hand |
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Creditors: amounts falling due within one year | 3 |
( |
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Net current assets (liabilities) |
( |
( |
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Total assets less current liabilities |
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Creditors: amounts falling due after more than one year | 3 |
( |
( |
Total net assets (liabilities) |
( |
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Capital and reserves | |||
Called up share capital | 4 |
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Share premium account |
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Profit and loss account |
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Shareholders' funds |
( |
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Approved by the Board on
And signed on their behalf by:
1 Accounting Policies
Basis of measurement and preparation of accounts
Accounting convention
The financial statements have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).
Turnover policy
Income is shown as the actual amounts received or receivable from the company's principal activity. This includes gate receipts, sponsorship, advertising, programme and club shop sales, catering, club events, donations and prize money, less VAT where appropriate.
Tangible assets depreciation policy
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - 2% on cost
Plant and machinery - 15% on reducing balance
Fixtures and fittings - at variable rates on reducing balance
Tangible fixed assets are recorded at cost less depreciation.
Intangible assets amortisation policy
Intangible fixed assets represent players transfer fees and are written off over the period of the contracts to which they relate.
Other accounting policies
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items. Cost includes all direct expenditure and an appropriate proportion of fixed and variable overheads.
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date, where transactions or events that result in an obligation to pay more or a right to pay less tax in the future has occured by the balance sheet date with certain limited exceptions.
Ultimate Controlling party
Ramy Limited is the company's immediate and ultimate parent undertaking and Mr A Alkadhi who controls 80% of the shares of Ramy Limited is the company's ultimate controlling party.
£ | |
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Cost | |
At 1 July 2014 |
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Additions |
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Disposals |
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Revaluations |
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Transfers |
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At 30 June 2015 |
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Depreciation | |
At 1 July 2014 |
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Charge for the year |
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On disposals |
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At 30 June 2015 |
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Net book values | |
At 30 June 2015 | 901,213 |
At 30 June 2014 | 939,709 |
2015
£ |
2014
£ |
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Secured Debts |
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