Registration number:
Hertfordshire Cricket Limited
(A company limited by guarantee)
for the Year Ended 30 September 2022
Hertfordshire Cricket Limited
Contents
Company Information |
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Balance Sheet |
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Notes to the Unaudited Financial Statements |
Hertfordshire Cricket Limited
Company Information
Directors |
P A Knappett N Gilbert T Whitton N J Witherden G Riaz I Fletcher G A Newman |
Company secretary |
I Potton |
Registered office |
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Accountants |
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Hertfordshire Cricket Limited
(Registration number: 06538669)
Balance Sheet as at 30 September 2022
Note |
2022 |
2021 |
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Current assets |
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Debtors |
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Cash at bank and in hand |
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Creditors: Amounts falling due within one year |
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Net assets |
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Reserves |
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Retained earnings |
219,645 |
203,408 |
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Surplus |
219,645 |
203,408 |
For the financial year ending 30 September 2022 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
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The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts. |
These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.
These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.
Approved and authorised by the
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Hertfordshire Cricket Limited
Notes to the Unaudited Financial Statements for the Year Ended 30 September 2022
General information |
The company is a company limited by guarantee, incorporated in England and Wales.
The address of its registered office is:
The principal place of business is:
PO Box 610
Welwyn Garden City
Hertfordshire
AL7 9QR
These financial statements were authorised for issue by the
Accounting policies |
Summary of significant accounting policies and key accounting estimates
The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.
Statement of compliance
These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).
Basis of preparation
These financial statements have been prepared using the historical cost convention.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Hertfordshire Cricket Limited
Notes to the Unaudited Financial Statements for the Year Ended 30 September 2022
Judgements
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances. |
Revenue recognition
Turnover comprises the fair value of the consideration received or receivable for the provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.
The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.
The company also receive funding from various sporting boards and charities. This funding is recognised in income on a systematic basis over the periods in which the business recognises related costs which the funding is intended to compensate.
Any funding that becomes receivable as compensation for expenses or losses already incurred or for the purpose of giving immediate financial support to the entitiy with no future related costs shall be recognised in income in the period in which is becomes receivable.
Government grants
Grants relating to revenue are recognised in income on a systematic basis over the periods in which
the busniess recognises costs which the grant is intended to compensate.
A grant that becomes receivable as compensation for expenses or losses already incurred or for the
purpose of giving immediate financial support to the entity with no future related costs shall be
recognised in income in the period in which it becomes receivable.
Tax
The company is a non profit making organisation and is therefore not liable for corporation tax.
Cash and cash equivalents
Cash and cash equivalents comprise cash on hand.
Trade debtors
Trade debtors are amounts due from customers for services performed in the ordinary course of business.
Trade debtors are recognised at the transaction price.
Trade debtors are reviewed on an annual basis for any bad debts and any adjustment is made accordingly through the profit and loss.
Hertfordshire Cricket Limited
Notes to the Unaudited Financial Statements for the Year Ended 30 September 2022
Trade creditors
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.
Trade creditors are recognised at the transaction price.
3 Limited by guarantee
Staff numbers |
The average number of persons employed by the company (including directors) during the year, was
Debtors |
Current |
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2021 |
Trade debtors |
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Prepayments |
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Other debtors |
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Hertfordshire Cricket Limited
Notes to the Unaudited Financial Statements for the Year Ended 30 September 2022
Creditors |
Creditors: amounts falling due within one year
2022 |
2021 |
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Due within one year |
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Trade creditors |
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Taxation and social security |
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Accruals and deferred income |
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Other creditors |
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