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REGISTERED NUMBER: 02803664 (England and Wales)















Unaudited Financial Statements for the Year Ended 31st March 2022

for

Underwood Miners Welfare Limited

Underwood Miners Welfare Limited (Registered number: 02803664)






Contents of the Financial Statements
for the Year Ended 31st March 2022




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Underwood Miners Welfare Limited

Company Information
for the Year Ended 31st March 2022







DIRECTORS: Mr K Hallam
Mr G Parkin



SECRETARY: Mrs J Parker



REGISTERED OFFICE: Alfreton Road
Underwood
Nottinghamshire
NG16 5GA



REGISTERED NUMBER: 02803664 (England and Wales)



BANKERS: Natwest Bank PLC
42 Bath Street
Ilkeston
Derbyshire
DE7 8HF

Underwood Miners Welfare Limited (Registered number: 02803664)

Balance Sheet
31st March 2022

2022 2021
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 5,036 5,596

CURRENT ASSETS
Stocks 5,198 980
Debtors 5 7,289 4,863
Cash at bank and in hand 16,669 14,381
29,156 20,224
CREDITORS
Amounts falling due within one year 6 28,296 19,126
NET CURRENT ASSETS 860 1,098
TOTAL ASSETS LESS CURRENT
LIABILITIES

5,896

6,694

CREDITORS
Amounts falling due after more than one
year

7

8,476

12,000
NET LIABILITIES (2,580 ) (5,306 )

RESERVES
Income and expenditure account (2,580 ) (5,306 )
(2,580 ) (5,306 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st March 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 2022 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.

Underwood Miners Welfare Limited (Registered number: 02803664)

Balance Sheet - continued
31st March 2022


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

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 and authorised for issue on 29th July 2022 and were signed on its behalf by:





Mr K Hallam - Director


Underwood Miners Welfare Limited (Registered number: 02803664)

Notes to the Financial Statements
for the Year Ended 31st March 2022

1. STATUTORY INFORMATION

Underwood Miners Welfare 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 Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" 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.
Fixtures and fittings - 10% on reducing balance

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2021 - 6 ) .

Underwood Miners Welfare Limited (Registered number: 02803664)

Notes to the Financial Statements - continued
for the Year Ended 31st March 2022

4. TANGIBLE FIXED ASSETS
Fixtures
and
fittings
£   
COST
At 1st April 2021
and 31st March 2022 38,601
DEPRECIATION
At 1st April 2021 33,005
Charge for year 560
At 31st March 2022 33,565
NET BOOK VALUE
At 31st March 2022 5,036
At 31st March 2021 5,596

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£    £   
Trade debtors 5,168 -
Other debtors 2,121 4,863
7,289 4,863

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£    £   
Bank loans and overdrafts 2,400 -
Trade creditors 6,840 13
Taxation and social security 3,554 2,585
Other creditors 15,502 16,528
28,296 19,126

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2022 2021
£    £   
Bank loans 8,476 12,000