Hertfordshire Football Association Ltd - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 03686948 (England and Wales)

HERTFORDSHIRE FOOTBALL ASSOCIATION

LIMITED

COMPANY LIMITED BY GUARANTEE

FINANCIAL STATEMENTS FOR THE YEAR ENDED 30TH JUNE 2018

Page

Company Information

1

to

2

Statement of Financial Position

3

to

4

Notes to the Financial Statements

5

to

9

DIRECTORS:

P Donovan

E W J King

P F Mallett

M L Miller

G Phillips

C Spriggins

A J Willmott

S Trulock

B M Curtis

N Lucas

J M Turner

G M Heaton

SECRETARY:

V Askew

REGISTERED OFFICE:

County Ground

Baldock Road

Letchworth

Hertfordshire

SG6 2EN

REGISTERED NUMBER:

03686948 (England and Wales)

AUDITORS:

Wags LLP t/a Wagstaffs

Chartered Accountants and Statutory Auditors

Richmond House

Walkern Road

Stevenage

Hertfordshire

SG1 3QP

FIXED ASSETS

Property, plant and equipment

5

683,799

679,936

CURRENT ASSETS

Inventories

199

1,456

Debtors

6

27,679

47,827

Cash at bank and in hand

176,706

204,846

204,584

254,129

CREDITORS

Amounts falling due within one year

7

(173,963

)

(175,217

)

NET CURRENT ASSETS

30,621

78,912

TOTAL ASSETS LESS CURRENT LIABILITIES

714,420

758,848

CREDITORS

Amounts falling due after more than one year

8

(84,262

)

(99,260

)

NET ASSETS

630,158

659,588

RESERVES

Capital and revaluation reserve

382,024

382,024

Development Fund

97,177

76,592

Benevolent and charity fund

12,672

14,850

Income and expenditure account

138,285

186,122

630,158

659,588

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.

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 23rd November 2018 and were signed on its behalf by:

M L Miller - Director

E W J King - Director

1.	STATUTORY INFORMATION

Hertfordshire Football Association Limited is a private company, limited by guarantee , registered in

England and Wales. The company's registered number and registered office address can be found on

the Company Information page.

2.	STATEMENT OF COMPLIANCE

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.

3.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements are prepared on a going concern basis and under the historical cost

convention.

Significant judgements and estimates

No significant judgements or estimates have had to be made by the directors in preparing these

financial statements.

Turnover

Turnover represents amounts received from various bodies by way of grant income. This income is

recognised when the relevant expenditure is incurred.

Turnover includes subscriptions received from affiliated clubs which are recognised on an accruals

basis.

Course income is recognised on an accruals basis when the course takes place.

Property, plant and equipment

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

estimated useful life.

Leasehold land & buildings - 2% on cost and 10% on cost

Fixtures, fittings and equipment - 10% on cost and 25% reducing balance

Land and buildings were professionally valued in the year to 31st December 2015 by Brown & Lee,

Chartered Surveyors. The company previously adopted a policy of revaluing freehold land and

buildings and they were stated at their revalued amount less any subsequent depreciation and

accumulated impairment losses. The company has adopted the transition exemption under FRS 102

paragraph 35.10(d) and has elected to use the previous revaluation as deemed cost.

Where any permanent diminution of property value is incurred, a provision is made to the profit and

loss account. The directors' estimate of residual value is based on prices prevailing at the time of

acquisition or subsequent revaluation.

Inventories

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

obsolete and slow moving items.

Tax

Tax for the year comprises current and deferred tax. Tax is recognised in the Income Statement,

except to the extent that it relates to items recognised in other comprehensive income or directly in

equity.

Current or deferred tax assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been

enacted or substantively enacted by the statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all material timing differences that have originated but not

reversed at the statement of financial position date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods

different from those in which they are recognised in financial statements. Deferred tax is measured

using tax rates and laws that have been enacted or substantively enacted by the year end and that

are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is

probable that they will be recovered against the reversal of deferred tax liabilities or other future

taxable profits.

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.

4.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 21 (2017 - 21 ) .

5.	PROPERTY, PLANT AND EQUIPMENT

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

Cost

At 1st July 2017

684,650

216,759

901,409

Additions

21,559

3,677

25,236

Disposals

-

(4,575

)

(4,575

)

At 30th June 2018

706,209

215,861

922,070

Depreciation

At 1st July 2017

33,366

188,107

221,473

Charge for year

13,581

7,599

21,180

Eliminated on disposal

-

(4,382

)

(4,382

)

At 30th June 2018

46,947

191,324

238,271

Net book value

At 30th June 2018

659,262

24,537

683,799

At 30th June 2017

651,284

28,652

679,936

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2018

2017

£

£

Trade debtors

3,098

4,914

Other debtors

24,581

42,913

27,679

47,827

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2018

2017

£

£

Trade creditors

79,728

52,238

Taxation and social security

16,818

9,995

Other creditors

77,417

112,984

173,963

175,217

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2018

2017

£

£

Other creditors

84,262

99,260

Amounts falling due in more than five years:

Repayable by instalments

Other loans more 5yrs instal

21,689

37,466

9.	LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

2018

2017

£

£

Within one year

4,235

4,235

Between one and five years

16,940

16,940

In more than five years

323,978

328,213

345,153

349,388

10.	SECURED DEBTS

The following secured debts are included within creditors:

2018

2017

£

£

Other loans

99,339

114,241

The loan of £99,339 (2017 : £114,241) is secured by a fixed charge over the leasehold premises

shown within land and buildings.

11.	DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Nilesh Savjani (Senior Statutory Auditor)

for and on behalf of Wags LLP t/a Wagstaffs

12.	COMPANY LIMITED BY GUARANTEE