Company Registration No. 00881890 (England and Wales)
Witton Albion Football Club Limited
Unaudited accounts
for the year ended 30 June 2020
Witton Albion Football Club Limited
Unaudited accounts
Contents
Witton Albion Football Club Limited
Company Information
for the year ended 30 June 2020
Directors
Anthony Worthington
Reginald Hardingham
John Salmon
Company Number
00881890 (England and Wales)
Registered Office
Wincham Park
Chapel Street
Wincham
Cheshire
CW9 6DA
Accountants
Litke Wood & Co Limited
105 Witton Street
Northwich
Cheshire
CW9 5DR
Witton Albion Football Club Limited
Statement of financial position
as at
30 June 2020
Tangible assets
704,349
719,286
Cash at bank and in hand
56,259
4,230
Creditors: amounts falling due within one year
(97,370)
(108,311)
Net current liabilities
(32,413)
(77,023)
Total assets less current liabilities
671,936
642,263
Creditors: amounts falling due after more than one year
(73,152)
(47,269)
Net assets
598,784
594,994
Called up share capital
300,000
300,000
Revaluation reserve
6,789
6,789
Profit and loss account
291,995
288,205
Shareholders' funds
598,784
594,994
For the year ending 30 June 2020 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 March 2021 and were signed on its behalf by
Anthony Worthington
Director
Company Registration No. 00881890
Witton Albion Football Club Limited
Notes to the Accounts
for the year ended 30 June 2020
Witton Albion Football Club Limited is a private company, limited by shares, registered in England and Wales, registration number 00881890. The registered office is Wincham Park, Chapel Street, Wincham, Cheshire, CW9 6DA.
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, 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.
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:
Land & buildings
1% straight line
Plant & machinery
20% reducing balance
Fixtures & fittings
20% reducing balance
Computer equipment
Straight line over three years
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term.
Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
Witton Albion Football Club Limited
Notes to the Accounts
for the year ended 30 June 2020
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.
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Tangible fixed assets
Land & buildings
Plant & machinery
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At cost
At 1 July 2019
1,359,092
21,546
117,360
-
1,497,998
At 30 June 2020
1,359,092
21,546
117,360
283
1,498,281
At 1 July 2019
647,478
21,284
109,950
-
778,712
Charge for the year
13,592
52
1,482
94
15,220
At 30 June 2020
661,070
21,336
111,432
94
793,932
At 30 June 2020
698,022
210
5,928
189
704,349
At 30 June 2019
711,614
262
7,410
-
719,286
Other debtors
8,698
9,398
Total debtors less than one year
8,698
24,758
Total debtors
8,698
24,758
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Creditors: amounts falling due within one year
2020
2019
Bank loans and overdrafts
8,915
13,976
Taxes and social security
9,078
17,275
Other creditors
16,963
2,446
Loans from directors
61,501
73,464
Witton Albion Football Club Limited
Notes to the Accounts
for the year ended 30 June 2020
7
Creditors: amounts falling due after more than one year
2020
2019
In the opinion of the Directors there is no controlling party.
9
Average number of employees
During the year the average number of employees was 20 (2019: 20).