REGISTERED NUMBER: |
Financial Statements for the Year Ended 31 December 2022 |
for |
Deeside Gliding Club (Aberdeenshire) |
Limited |
REGISTERED NUMBER: |
Financial Statements for the Year Ended 31 December 2022 |
for |
Deeside Gliding Club (Aberdeenshire) |
Limited |
Deeside Gliding Club (Aberdeenshire) |
Limited (Registered number: SC034867) |
Contents of the Financial Statements |
for the Year Ended 31 December 2022 |
Page |
Company Information | 1 |
Balance Sheet | 2 |
Notes to the Financial Statements | 3 |
Deeside Gliding Club (Aberdeenshire) |
Limited |
Company Information |
for the Year Ended 31 December 2022 |
DIRECTORS: |
SECRETARY: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
Chartered Certified Accountants |
53 Huntly Street |
Aberdeen |
AB10 1TH |
Deeside Gliding Club (Aberdeenshire) |
Limited (Registered number: SC034867) |
Balance Sheet |
31 December 2022 |
31.12.22 | 31.12.21 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 4 |
CURRENT ASSETS |
Stocks |
Debtors | 5 |
Cash at bank | 6 |
CREDITORS |
Amounts falling due within one year | 7 |
NET CURRENT ASSETS |
TOTAL ASSETS LESS CURRENT LIABILITIES |
CREDITORS |
Amounts falling due after more than one year | 8 |
NET ASSETS |
RESERVES |
Income and expenditure account |
The directors acknowledge their responsibilities for: |
(a) | ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and |
(b) | preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company. |
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
The financial statements were approved by the Board of Directors and authorised for issue on |
Deeside Gliding Club (Aberdeenshire) |
Limited (Registered number: SC034867) |
Notes to the Financial Statements |
for the Year Ended 31 December 2022 |
1. | STATUTORY INFORMATION |
Deeside Gliding Club (Aberdeenshire) Limited is a |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
Turnover |
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. |
Tangible fixed assets |
Land and buildings | - |
Plant and machinery etc | - |
Stocks |
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items. |
3. | EMPLOYEES AND DIRECTORS |
The average number of employees during the year was |
4. | TANGIBLE FIXED ASSETS |
Plant and |
Land and | machinery |
buildings | etc | Totals |
£ | £ | £ |
COST |
At 1 January 2022 |
Additions |
Disposals | ( |
) | ( |
) |
At 31 December 2022 |
DEPRECIATION |
At 1 January 2022 |
Charge for year |
Eliminated on disposal | ( |
) | ( |
) |
At 31 December 2022 |
NET BOOK VALUE |
At 31 December 2022 |
At 31 December 2021 |
5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
Debtors includes prepayment of Insurance for 2023 cover (£21900), part payment for new Perkoz Glider (£85277), payment for Petrol Tank (£13000), members' balance (£5396) and rent prepayment (£1675). |
Deeside Gliding Club (Aberdeenshire) |
Limited (Registered number: SC034867) |
Notes to the Financial Statements - continued |
for the Year Ended 31 December 2022 |
6. | CASH AT BANK |
Cash at Bank includes reserved funds of £247,000 for the replacement of depreciated equipment and other capital projects during 2023-2026 that the Club requires to budget for on a long-term basis in order to ensure continued future, sustainable operations. Club officials maintain a list of future capital expenditure requirements funded by the depreciation of existing assets, currently totalling £432,500 for the next 10 years. Unreserved funds at 31/12/22 are therefore £9,911 net of 2023-2026 projected expenditure. |
7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
31.12.22 | 31.12.21 |
£ | £ |
Trade creditors |
Other creditors |
8. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
31.12.22 | 31.12.21 |
£ | £ |
Other creditors |
9. | LEASING AGREEMENTS |
Minimum lease payments under non-cancellable operating leases fall due as follows: |
31.12.22 | 31.12.21 |
£ | £ |
Within one year |
Between one and five years |
In more than five years |
10. | LIMITED BY GUARANTEE |
The status of the company is that of company limited by guarantee not having a share capital. |
The liability of individual members is limited to an amount not exceeding £1. |
Where the financial statements refer to officials of the company it should be noted that these individuals constitute directors of the company for Companies Act purposes. |