The English Ice Hockey Association Limited - Period Ending 2023-04-30
The English Ice Hockey Association Limited - Period Ending 2023-04-30
Registration number:
The English Ice Hockey Association Limited
(A company limited by guarantee)
for the Period from 1 August 2022 to 30 April 2023
The English Ice Hockey Association Limited
Contents
Company Information |
|
Balance Sheet |
|
Notes to the Financial Statements |
The English Ice Hockey Association Limited
Company Information
Directors |
Mr Mohammed Naveed Ashraff Mr Daniel David Smith Mrs Cornelia Elaine Raubal Mr Martin Peters Mr Duncan Vaughan Hough Mr Alan Peter Moutrey |
Company secretary |
Mrs Cornelia Elaine Raubal |
Registered office |
|
Auditors |
|
The English Ice Hockey Association Limited
(Registration number: 03730185)
Balance Sheet as at 30 April 2023
Note |
2023 |
2022 |
|
Fixed assets |
|||
Tangible assets |
|
|
|
Current assets |
|||
Debtors |
|
|
|
Cash at bank and in hand |
|
|
|
|
|
||
Creditors: Amounts falling due within one year |
( |
( |
|
Net current assets |
|
|
|
Net assets |
|
|
|
Capital and reserves |
|||
Capital redemption reserve |
|
|
|
Profit and loss account |
|
|
|
Members' funds |
|
|
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
......................................... |
The English Ice Hockey Association Limited
Notes to the Financial Statements for the Period from 1 August 2022 to 30 April 2023
General information |
The company is a company limited by guarantee, incorporated in England and Wales, and consequently does not have share capital. Each of the members is liable to contribute an amount not exceeding £Nil towards the assets of the company in the event of liquidation.
The address of its registered office is:
United Kingdom
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 except that as disclosed in the accounting policies certain items are shown at fair value.
Going concern
The financial statements have been prepared on a going concern basis.
The English Ice Hockey Association Limited
Notes to the Financial Statements for the Period from 1 August 2022 to 30 April 2023
Audit report
.........................................
Revenue recognition
Turnover comprises the fair value of the consideration received during the year including registrations, affiliations, coaching, fines, sports grants and other miscellaneous sources of income.
The company generally recognises revenue when it is received at which point it can be reliably measured and economic benefit has then flowed to it.
In a limited number of instances, a debtors ledger is used and for these transactions, income is recognised on an accruals basis.
Tax
The tax expense for the period comprises current tax on investment income at the current UK corporation tax rate.
Tangible assets
Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.
Depreciation
Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:
Asset class |
Depreciation method and rate |
Furniture and fittings |
33% reducing balance |
Cash and cash equivalents
Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.
The English Ice Hockey Association Limited
Notes to the Financial Statements for the Period from 1 August 2022 to 30 April 2023
Trade debtors
Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.
Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.
Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.
The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.
Costs, expenditures and creditors
The company accounts for its costs and expenditures when they are defrayed. Accrued costs and expenditures are not provided for save for those costs which are material and quantifiable at the year end. Similarly, the company does not account for expenditures defrayed which may pertain to obligations arising in future accounting periods.
Leases
Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.
Defined contribution pension obligation
A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.
Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.
Staff numbers |
The average number of persons employed by the company (including directors) during the period, was
The English Ice Hockey Association Limited
Notes to the Financial Statements for the Period from 1 August 2022 to 30 April 2023
Auditors' liability limitation agreement |
The company entered into a liability limitation agreement with the auditor on 27th October 2020. The liability of the auditor in respect of any claim or claims made by the company is limited to £4,000,000 inclusive of interest and costs.
Tangible assets |
Furniture, fittings and equipment |
Total |
|
Cost or valuation |
||
At 1 August 2022 |
|
|
Additions |
|
|
At 30 April 2023 |
|
|
Depreciation |
||
At 1 August 2022 |
|
|
Charge for the period |
|
|
At 30 April 2023 |
|
|
Carrying amount |
||
At 30 April 2023 |
|
|
At 31 July 2022 |
|
|
Stocks |
2023 |
2022 |
Debtors |
Current |
2023 |
2022 |
Trade debtors |
|
|
Prepayments |
|
|
Other debtors |
|
- |
|
|
The English Ice Hockey Association Limited
Notes to the Financial Statements for the Period from 1 August 2022 to 30 April 2023
Creditors |
Creditors: amounts falling due within one year
2023 |
2022 |
|
Due within one year |
||
Trade creditors |
|
|
Taxation and social security |
|
|
Accruals and deferred income |
|
|
Other creditors |
( |
|
|
|