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REGISTERED NUMBER: 05615840 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MAY 2018

FOR

ARNOLD TOWN FOOTBALL CLUB LIMITED

ARNOLD TOWN FOOTBALL CLUB LIMITED (REGISTERED NUMBER: 05615840)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31 May 2018




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


ARNOLD TOWN FOOTBALL CLUB LIMITED

COMPANY INFORMATION
for the Year Ended 31 May 2018







DIRECTORS: P R Cottee
W Green





SECRETARY: P R Cottee





REGISTERED OFFICE: 60 Weaverthorpe Road
Woodthorpe
Nottinghamshire
NG5 4NB





REGISTERED NUMBER: 05615840 (England and Wales)





ACCOUNTANTS: Beeley Hawley & Co. Ltd
Chartered Accountants
42-44 Nottingham Road
Mansfield
Nottinghamshire
NG18 1BL

ARNOLD TOWN FOOTBALL CLUB LIMITED (REGISTERED NUMBER: 05615840)

BALANCE SHEET
31 May 2018

2018 2017
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 136,908 137,048

CURRENT ASSETS
Stocks 750 750
Debtors 5 2,918 3,271
Cash at bank and in hand 13,984 9,407
17,652 13,428
CREDITORS
Amounts falling due within one year 6 145,993 155,148
NET CURRENT LIABILITIES (128,341 ) (141,720 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

8,567

(4,672

)

RESERVES
Income and expenditure account 8,567 (4,672 )
8,567 (4,672 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2018 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 surplus or deficit 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.

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 25 February 2019 and were signed on its behalf
by:





W Green - Director


ARNOLD TOWN FOOTBALL CLUB LIMITED (REGISTERED NUMBER: 05615840)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 May 2018

1. STATUTORY INFORMATION

Arnold Town Football Club 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. 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.
Plant and machinery etc - 25% 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.

Taxation
Taxation 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 taxation 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 balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance
sheet 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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to surplus or deficit on a straight line basis over the period of the
lease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2017 - 3 ) .

ARNOLD TOWN FOOTBALL CLUB LIMITED (REGISTERED NUMBER: 05615840)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 May 2018

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 June 2017 134,970 67,700 202,670
Additions - 1,212 1,212
At 31 May 2018 134,970 68,912 203,882
DEPRECIATION
At 1 June 2017 - 65,622 65,622
Charge for year - 1,352 1,352
At 31 May 2018 - 66,974 66,974
NET BOOK VALUE
At 31 May 2018 134,970 1,938 136,908
At 31 May 2017 134,970 2,078 137,048

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2018 2017
£    £   
Other debtors 2,918 3,271

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2018 2017
£    £   
Taxation and social security 25,151 32,254
Other creditors 120,842 122,894
145,993 155,148

7. SECURED DEBTS

The following secured debts are included within creditors:

2018 2017
£    £   
Loan - Football Foundation 108,000 108,000