Company Registration No. 3041174 (England and Wales)
Newcastle Eagles (Basketball) Limited
Unaudited accounts
for the year ended 31 July 2018
Newcastle Eagles (Basketball) Limited
Unaudited accounts
Contents
Newcastle Eagles (Basketball) Limited
Company Information
for the year ended 31 July 2018
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 2018
Tangible assets
1,548
2,640
Cash at bank and in hand
-
8,656
Creditors: amounts falling due within one year
(151,214)
(111,487)
Net current (liabilities)/assets
(1,423)
5,751
Called up share capital
100
100
Profit and loss account
43
8,309
Shareholders' funds
143
8,409
For the year ending 31 July 2018 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 19 April 2019.
P Blake
Director
Company Registration No. 3041174
Newcastle Eagles (Basketball) Limited
Notes to the Accounts
for the year ended 31 July 2018
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:
Fixtures & fittings
10% 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 2017
64,615
14,492
16,670
95,777
At 31 July 2018
64,615
14,492
17,245
96,352
At 1 August 2017
62,766
14,492
15,879
93,137
Charge for the year
927
-
740
1,667
At 31 July 2018
63,693
14,492
16,619
94,804
At 31 July 2018
922
-
626
1,548
At 31 July 2017
1,849
-
791
2,640
Newcastle Eagles (Basketball) Limited
Notes to the Accounts
for the year ended 31 July 2018
5
Investments
Other investments
Valuation at 1 August 2017
18
Valuation at 31 July 2018
18
Finished goods
6,093
6,512
Trade debtors
65,661
36,183
Other debtors
78,037
65,887
8
Creditors: amounts falling due within one year
2018
2017
Bank loans and overdrafts
25,448
887
Trade creditors
56,031
39,933
Taxes and social security
29,519
41,289
Other creditors
35,353
29,378
Loans from directors
3,663
-
9
Average number of employees
During the year the average number of employees was 0 (2017: 0).