Company Registration No. 02294920 (England and Wales)
Boston Phoenix Football Club Limited
Unaudited accounts
for the year ended 31 May 2021
Boston Phoenix Football Club Limited
Unaudited accounts
Contents
Boston Phoenix Football Club Limited
Company Information
for the year ended 31 May 2021
Directors
M G Vines
L Borbely
E Graves
W S Cooper
Company Number
02294920 (England and Wales)
Registered Office
The Stadium
Tattershall Road
Boston
Lincolnshire
PE21 9LR
Accountants
7PDS Accountancy Services Limited
20 Maiden Close
Skelmersdale
Skelmersdale
LANCASHIRE
WN8 8JL
Chartered Management Accountants' report to the board of directors on the preparation of the unaudited statutory accounts of
Boston Phoenix Football Club Limited
for the year ended 31 May 2021
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Boston Phoenix Football Club Limited for the year ended 31 May 2021 which comprise of the Profit and Loss Account, the Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.
As a CIMA Registered Member in Practice and Practising Certificate holder, I am subject to its ethical and other professional requirements which are detailed at https://www.cimaglobal.com/Members/Your-Membership-Information/Members-handbook/Licensing-and-monitoring/Members-in-practice/
Our work has been undertaken in accordance with the requirements of the Chartered Institute of Management Accountants as detailed at http://www.cimaglobal.com.
7PDS Accountancy Services Limited
Member in Practice
20 Maiden Close
Skelmersdale
Skelmersdale
LANCASHIRE
WN8 8JL
15 February 2022
Boston Phoenix Football Club Limited
Statement of financial position
as at
31 May 2021
Tangible assets
18,432
8,390
Cash at bank and in hand
41,425
10,794
Creditors: amounts falling due within one year
(127,041)
(105,163)
Net current liabilities
(78,293)
(87,294)
Total assets less current liabilities
(59,861)
(78,904)
Creditors: amounts falling due after more than one year
(2,336)
(2,339)
Net liabilities
(62,197)
(81,243)
Revaluation reserve
63,290
63,290
Profit and loss account
(125,487)
(144,533)
Shareholders' funds
(62,197)
(81,243)
For the year ending 31 May 2021 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 in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 15 February 2022 and were signed on its behalf by
M G Vines
Director
Company Registration No. 02294920
Boston Phoenix Football Club Limited
Notes to the Accounts
for the year ended 31 May 2021
Boston Phoenix Football Club Limited is a private company, limited by shares, registered in England and Wales, registration number 02294920. The registered office is The Stadium , Tattershall Road, Boston, Lincolnshire, PE21 9LR.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Boston Phoenix Football Club Limited
Notes to the Accounts
for the year ended 31 May 2021
4
Tangible fixed assets
Land & buildings
Plant & machinery
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At cost
At 1 June 2020
82,000
13,462
28,274
123,736
Additions
-
11,300
-
11,300
At 31 May 2021
82,000
24,762
28,274
135,036
At 1 June 2020
82,000
5,760
27,586
115,346
Charge for the year
-
1,155
103
1,258
At 31 May 2021
82,000
6,915
27,689
116,604
At 31 May 2021
-
17,847
585
18,432
At 31 May 2020
-
7,702
688
8,390
5
Debtors: amounts falling due within one year
2021
2020
Other debtors
1,800
1,800
6
Creditors: amounts falling due within one year
2021
2020
Other creditors
3,000
3,000
Loans from directors
87,388
86,514
7
Creditors: amounts falling due after more than one year
2021
2020
Other creditors
2,336
2,339
8
Average number of employees
During the year the average number of employees was 0 (2020: 0).