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Registered Number 00199734

WEYMOUTH FOOTBALL CLUB LIMITED

Abbreviated Accounts

31 May 2016

WEYMOUTH FOOTBALL CLUB LIMITED Registered Number 00199734

Abbreviated Balance Sheet as at 31 May 2016

Notes 2016 2015
£ £
Called up share capital not paid - -
Fixed assets
Intangible assets 2 20,000 20,000
Tangible assets 3 449,640 449,690
469,640 469,690
Current assets
Stocks 750 676
Debtors 38,550 882
Cash at bank and in hand 14,648 2,434
53,948 3,992
Creditors: amounts falling due within one year (17,125) (41,739)
Net current assets (liabilities) 36,823 (37,747)
Total assets less current liabilities 506,463 431,943
Creditors: amounts falling due after more than one year (20,000) (20,000)
Total net assets (liabilities) 486,463 411,943
Capital and reserves
Called up share capital 4 603,000 603,000
Revaluation reserve 3,592 3,592
Profit and loss account (120,129) (194,649)
Shareholders' funds 486,463 411,943
  • For the year ending 31 May 2016 the company was entitled to exemption 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 directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
  • These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

Approved by the Board on 17 February 2017

And signed on their behalf by:
C Pugsley, Director

WEYMOUTH FOOTBALL CLUB LIMITED Registered Number 00199734

Notes to the Abbreviated Accounts for the period ended 31 May 2016

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities effective April 2008.

Turnover policy
Turnover represents amounts chargeable, net of value added tax, in respect of the sale of goods and services to customers

Tangible assets depreciation policy
Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over the expected useful life as follows :-
Land and building nil
Plant and machinery 20% straight line basis
The directors consider that the freehold property is maintained in such a state of repair that its residual value is at least equal to its book value. As a result, the corresponding depreciation would not be material and therefore is not charged in the profit and loss account.

Intangible assets amortisation policy
Intangible fixed assets (Goodwill) - this item has an indefinite economic life and will therefore not be amortized

2Intangible fixed assets
£
Cost
At 1 June 2015 20,000
Additions -
Disposals -
Revaluations -
Transfers -
At 31 May 2016 20,000
Amortisation
At 1 June 2015 -
Charge for the year -
On disposals -
At 31 May 2016 -
Net book values
At 31 May 2016 20,000
At 31 May 2015 20,000
3Tangible fixed assets
£
Cost
At 1 June 2015 486,423
Additions 0
Disposals 0
Revaluations 0
Transfers 0
At 31 May 2016 486,423
Depreciation
At 1 June 2015 36,733
Charge for the year 50
On disposals 0
At 31 May 2016 36,783
Net book values
At 31 May 2016 449,640
At 31 May 2015 449,690
4Called Up Share Capital
Allotted, called up and fully paid:
2016
£
2015
£
1,206,000 Ordinary shares of £0.50 each 603,000 603,000