Worcestershire Football Assn Ltd - Accounts to registrar - small 17.1.1

REGISTERED NUMBER: 03861169 (England and Wales)

Financial Statements for the Year Ended 31st December 2016

for

Worcestershire Football Association

Ltd

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

R Northall

N E Trigg

D C Hodges

R Bate

E Birch

REGISTERED OFFICE:

Craftsman House

De Salis Drive

Hampton Lovett Industrial Estate

Droitwich

Worcestershire

WR9 0QE

REGISTERED NUMBER:

03861169 (England and Wales)

ACCOUNTANTS:

John Yelland & Company

Chartered Certified Accountants

22 Sansome Walk

Worcester

Worcestershire

WR1 1LS

SOLICITORS:

SME Solicitors

8 Sansome Walk

Worcester

Worcestershire

WR1 1LW

FIXED ASSETS

Tangible assets

4

318,968

327,625

CURRENT ASSETS

Stocks

-

349

Debtors

15,077

16,202

Cash at bank and in hand

453,609

384,367

468,686

400,918

CREDITORS

Amounts falling due within one year

151,288

99,893

NET CURRENT ASSETS

317,398

301,025

TOTAL ASSETS LESS CURRENT LIABILITIES

636,366

628,650

CREDITORS

Amounts falling due after more than one year

91,376

86,625

NET ASSETS

544,990

542,025

RESERVES

Retained earnings

544,990

542,025

544,990

542,025

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st December 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st December 2016 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the year ended 31st December 2016 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors on 7th June 2017 and were signed on its behalf by:

R Northall - Director

N E Trigg - Director

1.	STATUTORY INFORMATION

Worcestershire Football Association Ltd is a private company, limited by guarantee, registered in England and

Wales. The company's registered office address can be found on the Company information page.

2.	ACCOUNTING POLICIES

BASIS OF PREPARING THE FINANCIAL STATEMENTS

These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

TURNOVER

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates,

value added tax and other sales taxes.

TANGIBLE FIXED ASSETS

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Long leasehold

-

Straight line over 111 years

Improvements to property

-

Straight line over 15 years

Fixtures and fittings

-

20% on cost

STOCKS

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and

slow moving items.

PENSION COSTS AND OTHER POST-RETIREMENT BENEFITS

The company operates a defined contribution pension scheme. Contributions payable to the company's pension

scheme are charged to profit or loss in the period to which they relate.

INVESTMENTS

Investments are valued at cost. Any material permanent diminution in value will be written off to the Profit and

Loss Account.

DEFERRED CAPITAL GRANT INCOME

Grants received towards the purchase of tangible fixed assets are shown as deferred income and credited to the

Profit and Loss Account over 111 years until 7 March 2113 being the life of the asset in accordance with the

term of the lease over land and buildings.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 11 .

4.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 1st January 2016

and 31st December 2016

388,609

DEPRECIATION

At 1st January 2016

60,984

Charge for year

8,657

At 31st December 2016

69,641

NET BOOK VALUE

At 31st December 2016

318,968

At 31st December 2015

327,625

5.	RELATED PARTY DISCLOSURES

The company is controlled by its directors.

At 31 December 2016 WFA Sports Facilities Limited owed the Company £4,435. WFA Sports Facilities Limited

is a company limited by guarantee. Its board of Directors has the same membership as that of the Company.