Company Registration No. 3041174 (England and Wales)
Newcastle Eagles (Basketball) Limited
Unaudited accounts
for the year ended 31 July 2019
Newcastle Eagles (Basketball) Limited
Unaudited accounts
Contents
Newcastle Eagles (Basketball) Limited
Company Information
for the year ended 31 July 2019
Company Number
3041174 (England and Wales)
Registered Office
EAGLES COMMUNITY ARENA, CLUMBER STREET
SCOTSWOOD ROAD
NEWCASTLE UPON TYNE
TYNE AND WEAR
NE4 7AF
Newcastle Eagles (Basketball) Limited
Statement of financial position
as at
31 July 2019
Tangible assets
2,958
1,548
Cash at bank and in hand
25,474
-
Creditors: amounts falling due within one year
(130,478)
(151,214)
Net current liabilities
(2,780)
(1,423)
Called up share capital
100
100
Profit and loss account
96
43
Shareholders' funds
196
143
For the year ending 31 July 2019 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 director acknowledges his 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.
Approved by the Board on 18 December 2019.
P Blake
Director
Company Registration No. 3041174
Newcastle Eagles (Basketball) Limited
Notes to the Accounts
for the year ended 31 July 2019
Newcastle Eagles (Basketball) Limited is a private company, limited by shares, registered in England and Wales, registration number 3041174. The registered office is EAGLES COMMUNITY ARENA, CLUMBER STREET, SCOTSWOOD ROAD, NEWCASTLE UPON TYNE, TYNE AND WEAR, NE4 7AF.
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.
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% straight line
Fixtures & fittings
33% straight line
Computer equipment
50% straight line
4
Tangible fixed assets
Plant & machinery
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At 1 August 2018
64,615
14,492
17,245
96,352
Additions
-
2,273
1,560
3,833
At 31 July 2019
64,615
16,765
18,805
100,185
At 1 August 2018
63,693
14,492
16,619
94,804
Charge for the year
307
758
1,358
2,423
At 31 July 2019
64,000
15,250
17,977
97,227
At 31 July 2019
615
1,515
828
2,958
At 31 July 2018
922
-
626
1,548
Newcastle Eagles (Basketball) Limited
Notes to the Accounts
for the year ended 31 July 2019
5
Investments
Other investments
Valuation at 1 August 2018
18
Valuation at 31 July 2019
18
Finished goods
3,809
6,093
Trade debtors
32,387
65,661
Accrued income and prepayments
1,000
-
Other debtors
65,028
78,037
8
Creditors: amounts falling due within one year
2019
2018
Bank loans and overdrafts
-
25,448
Trade creditors
64,158
56,031
Taxes and social security
40,065
29,519
Other creditors
29,983
35,353
Loans from directors
(4,928)
3,663
9
Average number of employees
During the year the average number of employees was 16 (2018: 20).