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REGISTERED NUMBER:
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FINANCIAL STATEMENTS |
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FOR THE YEAR ENDED 30 JUNE 2019 |
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NORFOLK COUNTY FOOTBALL ASSOCIATION |
LIMITED |
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REGISTERED NUMBER:
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FINANCIAL STATEMENTS |
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FOR THE YEAR ENDED 30 JUNE 2019 |
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FOR |
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NORFOLK COUNTY FOOTBALL ASSOCIATION |
LIMITED |
NORFOLK COUNTY FOOTBALL ASSOCIATION |
LIMITED (REGISTERED NUMBER: 03830562) |
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CONTENTS OF THE FINANCIAL STATEMENTS |
for the year ended 30 June 2019 |
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Company Information | 1 |
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Balance Sheet | 2 |
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Notes to the Financial Statements | 3 |
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NORFOLK COUNTY FOOTBALL ASSOCIATION |
LIMITED |
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COMPANY INFORMATION |
for the year ended 30 June 2019 |
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DIRECTORS: |
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REGISTERED OFFICE: |
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REGISTERED NUMBER: |
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AUDITORS: |
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Chartered Certified Accountants |
& Statutory Auditor |
124 Thorpe Road |
Norwich |
Norfolk |
NR1 1RS |
NORFOLK COUNTY FOOTBALL ASSOCIATION |
LIMITED (REGISTERED NUMBER: 03830562) |
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BALANCE SHEET |
30 June 2019 |
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2019 | 2018 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 4 |
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Investments | 5 |
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CURRENT ASSETS |
Stocks |
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Debtors | 6 |
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Cash at bank and in hand |
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CREDITORS |
Amounts falling due within one year | 7 |
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NET CURRENT ASSETS |
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TOTAL ASSETS LESS CURRENT
LIABILITIES |
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CREDITORS |
Amounts falling due after more than one
year |
8 |
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NET ASSETS |
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RESERVES |
Income and expenditure account |
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In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
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The financial statements were approved by the Board of Directors on
behalf by: |
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NORFOLK COUNTY FOOTBALL ASSOCIATION |
LIMITED (REGISTERED NUMBER: 03830562) |
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NOTES TO THE FINANCIAL STATEMENTS |
for the year ended 30 June 2019 |
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1. | STATUTORY INFORMATION |
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Norfolk County Football Association Limited is a
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England and Wales. The company's registered number and registered office address can be found on |
the Company Information page. |
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2. | ACCOUNTING POLICIES |
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Basis of preparing the financial statements |
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Turnover |
Turnover represents net invoiced sales of services (excluding value added tax) and revenue grants |
received. |
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Tangible fixed assets |
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Freehold property | - |
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Long leasehold | - |
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FDC Pitches | - |
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Fixtures and fittings | - |
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Motor vehicles | - |
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Computer equipment | - |
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The directors perform an annual impairment review of freehold property and long leasehold property to |
ensure that the recoverable amount is not lower than the carrying value. They consider that there has |
been no impairment during the year. |
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Stocks |
Stocks are valued at the lower of cost and net realisable value, after making due allowance for |
obsolete and slow moving items. |
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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. |
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Current or deferred taxation assets and liabilities are not discounted. |
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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. |
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Deferred tax |
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at |
the balance sheet date. |
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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. |
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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. |
NORFOLK COUNTY FOOTBALL ASSOCIATION |
LIMITED (REGISTERED NUMBER: 03830562) |
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NOTES TO THE FINANCIAL STATEMENTS - continued |
for the year ended 30 June 2019 |
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2. | ACCOUNTING POLICIES - continued |
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Hire purchase and leasing commitments |
Rentals paid under operating leases are charged to surplus or deficit on a straight line basis over the |
period of the lease. |
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Pension costs and other post-retirement benefits |
The company operates a workplace pension scheme in line with auto-enrolment. Contributions payable |
for the year are charged in the profit and loss account. |
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Grants received |
Contributions to freehold property expenditure are deducted from the cost. Contributions to all other |
fixed asset expenditure are deducted from the cost thereof and the balance is depreciated over its |
estimated useful life. |
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Contributions to revenue expenditure are recognised in the profit and loss account in the period to |
which they relate. |
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3. | EMPLOYEES AND DIRECTORS |
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The average number of employees during the year was
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4. | TANGIBLE FIXED ASSETS |
Plant and |
Land and | machinery |
buildings | etc | Totals |
£ | £ | £ |
COST |
At 1 July 2018 |
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Additions |
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Disposals |
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At 30 June 2019 |
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DEPRECIATION |
At 1 July 2018 |
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Charge for year |
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Eliminated on disposal |
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( |
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At 30 June 2019 |
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NET BOOK VALUE |
At 30 June 2019 |
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At 30 June 2018 |
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NORFOLK COUNTY FOOTBALL ASSOCIATION |
LIMITED (REGISTERED NUMBER: 03830562) |
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NOTES TO THE FINANCIAL STATEMENTS - continued |
for the year ended 30 June 2019 |
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5. | FIXED ASSET INVESTMENTS |
Other |
investments |
£ |
COST |
At 1 July 2018 |
and 30 June 2019 |
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NET BOOK VALUE |
At 30 June 2019 |
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At 30 June 2018 |
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The directors consider the market value of fixed asset investments not to be materially different from |
their original cost and therefore appropriate to disclose as such. |
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6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2019 | 2018 |
£ | £ |
Trade debtors |
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Other debtors |
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Prepayments and accrued income |
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7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2019 | 2018 |
£ | £ |
Football Association loan |
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Trade creditors |
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Taxation and social security |
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Other creditors |
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8. |
CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR |
2019 | 2018 |
£ | £ |
Football Association loan |
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NORFOLK COUNTY FOOTBALL ASSOCIATION |
LIMITED (REGISTERED NUMBER: 03830562) |
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NOTES TO THE FINANCIAL STATEMENTS - continued |
for the year ended 30 June 2019 |
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9. | SECURED DEBTS |
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The following secured debts are included within creditors: |
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2019 | 2018 |
£ | £ |
Football Association loan |
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A legal charge was created on 18th December 2009. The amount secured is all principal moneys, |
interest and other moneys payable by Norfolk County Football Association Ltd under the legal charge. |
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The company entitled to the charge is The Football Association Ltd. The short particulars of all the |
property charged are all those freehold premises known as Unit P2, Meridian Business Park, Meridian |
Way, Thorpe St Andrew, Norwich. |
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10. | DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006 |
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The Report of the Auditors was unqualified. |
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for and on behalf of
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