Company Registration No. 09803846 (England and Wales)
Long Reach Lake Water Sports Club Ltd
Unaudited accounts
for the year ended 30 September 2021
Long Reach Lake Water Sports Club Ltd
Unaudited accounts
Contents
Long Reach Lake Water Sports Club Ltd
Company Information
for the year ended 30 September 2021
Directors
Mr J Price
Mr J Roberts
Mr D Lyon
Mr R Allen
Mr M Day
Company Number
09803846 (England and Wales)
Registered Office
5 Mandeville Road
Brampton
Huntingdon
Cambridgeshire
PE28 4SB
Long Reach Lake Water Sports Club Ltd
Statement of financial position
as at
30 September 2021
Tangible assets
3,644
3,851
Cash at bank and in hand
93,369
70,988
Creditors: amounts falling due within one year
(22,500)
(9,300)
Net current assets
71,159
61,978
Profit and loss account
74,803
65,829
Members' funds
74,803
65,829
For the year ending 30 September 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 19 February 2022 and were signed on its behalf by
Mr R Allen
Director
Company Registration No. 09803846
Long Reach Lake Water Sports Club Ltd
Notes to the Accounts
for the year ended 30 September 2021
Long Reach Lake Water Sports Club Ltd is a private company, limited by guarantee, registered in England and Wales, registration number 09803846. The registered office is 5 Mandeville Road, Brampton, Huntingdon, Cambridgeshire, PE28 4SB.
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.
Turnover is measured at the fair value of the consideration received or receivable. Turnover includes revenue earned from the sale of goods and from the membership of the club.
Revenue from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. This is usually at the point of drawing LPG from the tank.
Revenue from memberships is recognised in the year received with the membership period ending on 30 September, in line with the company year end.
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:
Plant & machinery
20% reducing balance
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell.
Long Reach Lake Water Sports Club Ltd
Notes to the Accounts
for the year ended 30 September 2021
4
Tangible fixed assets
Plant & machinery
Cost or valuation
At cost
At 30 September 2021
8,658
At 30 September 2021
5,014
At 30 September 2021
3,644
At 30 September 2020
3,851
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Creditors: amounts falling due within one year
2021
2020
Trade creditors
20,300
7,100
Other creditors
2,200
2,200
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Company limited by guarantee
The company is limited by guarantee and has no share capital.
Every member of the company undertakes to contribute to the assets of the company, in the event of a winding up, such an amount as may be required not exceeding £1.
7
Average number of employees
During the year the average number of employees was 5 (2020: 5).