Company Registration No. 04490112 (England and Wales)
NORTHUMBRIA POLICE SPORTS AND SOCIAL CLUB LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2018
PAGES FOR FILING WITH REGISTRAR
NORTHUMBRIA POLICE SPORTS AND SOCIAL CLUB LIMITED
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 3
NORTHUMBRIA POLICE SPORTS AND SOCIAL CLUB LIMITED
BALANCE SHEET
AS AT
31 DECEMBER 2018
31 December 2018
- 1 -
2018
2017
Notes
£
£
£
£
Fixed assets
Tangible assets
3
441
146
Current assets
Stocks
1,005
510
Debtors
4
16,020
14,020
Cash at bank and in hand
163,565
127,653
180,590
142,183
Creditors: amounts falling due within one year
5
(28,460)
(19,588)
Net current assets
152,130
122,595
Total assets less current liabilities
152,571
122,741
Capital and reserves
Profit and loss reserves
152,571
122,741
The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.
true
For the financial year ended 31 December 2018 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
T
he members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476
.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The financial statements were approved by the board of directors and authorised for issue on 12 March 2019 and are signed on its behalf by:
Mr A Young
Director
Company Registration No. 04490112
NORTHUMBRIA POLICE SPORTS AND SOCIAL CLUB LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2018
- 2 -
1
Accounting policies
Company information
Northumbria Police Sports and Social Club Limited is a
private
company
limited by shares
incorporated in England and Wales.
The registered office is
32 Brenkley Way, Blezard Business Park, Seaton Burn, Newcastle upon Tyne, NE13 6DS.
1.1
Accounting convention
These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.
The financial statements are prepared in
sterling
, which is the functional currency of the company.
Monetary a
mounts
in these financial statements are
rounded to the nearest £.
1.2
Turnover
T
urnover represents members subscriptions together with income generating operations associated with a members sports and social club and is net of VAT.
1.3
Tangible fixed assets
Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:
Computer equipment
33% reducing balance
1.4
Retirement benefits
Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.
1.5
Interest earned is taxable at the current rate of corporation tax. The rate of tax applied to interest received during the year was 19% (2017 - 20%)
2
Employees
The average monthly number of persons (including directors) employed by the company during the year was 3 (2017 - 3).
NORTHUMBRIA POLICE SPORTS AND SOCIAL CLUB LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2018
- 3 -
3
Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 January 2018
1,672
Additions
343
At 31 December 2018
2,015
Depreciation and impairment
At 1 January 2018
1,526
Depreciation charged in the year
48
At 31 December 2018
1,574
Carrying amount
At 31 December 2018
441
At 31 December 2017
146
4
Debtors
2018
2017
Amounts falling due within one year:
£
£
Other debtors
16,020
14,020
5
Creditors: amounts falling due within one year
2018
2017
£
£
Corporation tax
6,916
1,873
Other taxation and social security
4,141
1,662
Other creditors
17,403
16,053
28,460
19,588
6
Retirement benefit schemes
The company operates a defined contribution pension scheme.
The assets of the scheme are held separately from those of the company in an independently administered fund. The pension cost charge represents contributions payable by the company to the fund and amounted to £1,605 (2017 - £1,285)
7
Company Limited by Guarantee
The Company is limited by guarantee. The members have undertaken to subscribe an amount not exceeding £1 in the event of the Company winding up.